Lachlan Star Limited · ASX:LSA
Lachlan Star — Shareholder Meeting (November 2024)
16 slides from Lachlan Star's shareholder meeting presentation, Nov 28, 2024
Slide 1: Annual General Meeting CEO Presentation
For personal use only ANNUAL GENERAL MEETING CEO Presentation 28 November 2024 ASX: LSA
Slide 2: Important Information
IMPORTANT INFORMATION Forward Looking Statements For personal use only This Presentation contains forward-looking statements which are identified by words such as ‘may’, ‘could’, ‘believes’, ‘estimates’, ‘targets’, ‘expects’, or ‘intends’ and other similar words that involve risks and uncertainties.
Slide 3: Corporate Overview
CORPORATE OVERVIEW For personal use only CAPITAL STRUCTURE MANAGEMENT Share Price (27/11/24) $0.094 Andrew Tyrrell Alan Hawkins Chief Executive Officer Exploration Manager Shares 250,973,195 Geologist with 20+ years experience in the minerals Geologist for 25+ years in the minerals industry with a i
Slide 4: Highlights
HIGHLIGHTS For personal use only Visual copper sulphides intersected in drilling at Basin Creek, NSW, following up historic high-grade copper intersections.1 A strategically located first-class exploration portfolio, in prolific mining districts Disciplined, cost effective targeting and a boots-on-
Slide 5: Our Project Focus
OUR PROJECT FOCUS For personal use only New South Wales – Gold and Copper • Top-tier exploration project portfolio • Endowed mineral provinces near producing mines and high-profile exploration projects • Potential for world-class gold and copper discoveries Mineral Resources sourced from the relevan
Slide 6: Junee Project – Basin Creek Prospect
For personal use only Junee Project Basin Creek Prospect New South Wales, 100%
Slide 7: Lachlan Fold Belt – Macquarie Arc
Lachlan Fold Belt – Macquarie Arc For personal use only • Premier mining destination – 110Moz gold and 19Mt copper endowment1 • Major hub of recent M&A / Exploration activity • Newmont, Evolution, Gold Fields, FMG • Legacy Minerals, Inflection, Waratah, Kincora • ‘Elephant country’ with significant
Slide 8: Basin Creek: An emerging high-grade copper opportunity
Plan view map of Basin Creek prospect, showing diamond drill hole collars (BCD0001 – 0006) and drill traces, with intervals containing visual observations of sulphides highlighted. Key intersection from historic drilling also shown1. Note, logging of BCD0006 is currently in progress. Basin Creek (LS
Slide 9: Basin Creek: Near-surface, high-grade copper system
Basin Creek (LSA 100%) For personal use only Near-surface, high-grade copper system • Drilling intersects visual copper sulphides1 (chalcopyrite ± bornite-chalcocite), including as sheeted semi-massive lenses BCD0005 – Photo (above) of diamond core containing semi-massive / vein breccia chalcopyrite
Slide 10: Basin Creek: Next Steps
Basin Creek (LSA 100%) Isometric view, looking northeast, with surface copper (Cu) geochemistry in ppm Next Steps For personal use only • Detailed logging and core processing in progress • Receipt of assays expected over next 6 weeks • Modeling and drill targeting in progress, focus on • Controls on
Slide 11: North Cobar Project
For personal use only North Cobar Project New South Wales, 100%
Slide 12: Lachlan Fold Belt – Cobar Basin
Lachlan Fold Belt - Cobar Basin For personal use only • Cobar District has a long history (> 150yrs) of mining • Highly ranked jurisdiction, endowed in quality copper-gold Knights Galahad Tank (+ lead-zinc-silver) systems • Resurgence with recent discoveries and exploration across underexplored area
Slide 13: North Cobar: Key Targeting Criteria
NORTH COBAR (LSA 100%) Cobar-style systems - Key Targeting Criteria For personal use only Galahad • Gravity highs – may represent broad alteration systems and addition of metals Knights Tank • Magnetic lows and highs - changes in geology due to hydrothermal alteration • Faults - plumbing pathway for
Slide 14: Targeting Discovery in the Cobar Copper District
NORTH COBAR (LSA 100%) For personal use only Targeting Discovery in the Cobar Copper District • No modern systematic exploration over tenements • Available search space to contain sizeable deposits • Several targets identified1 • Same host rocks as other major Cobar deposits • Favourable structural
Slide 15: Key Takeaways
KEY TAKEAWAYS For personal use only Basin Creek - maiden diamond program complete, intersecting visual copper sulphides including semi- massive lenses of chalcopyrite.1 Assays to be progressively received over the next 6 weeks. North Cobar - coincident mag-gravity targets identified along trend of C
Slide 16: Contact Details
CONTACT DETAILS For personal use only Andrew Tyrrell Chief Executive Officer andrew.tyrrell@lachlanstar.com Lachlan Star Limited Alan Hawkins Level 2, 1292 Hay Street Exploration Manager West Perth WA 6005, Australia alan.hawkins@lachlanstar.com info@lachlanstar.com https://lachlanstar.com/ https://