Lodestar Minerals Limited · ASX:LSR
Lodestar Minerals — Investor Presentation (October 2026)
27 slides from Lodestar Minerals's investor presentation, Oct 28, 2026
Slide 1: Gold growth at Ned's Creek, WA
rsonal use only GOLD / RARE EARTHS / COPPER Gold growth at Ned’s Creek, WA 221,000oz Maiden Inferred Gold Resource 5.9 Mt at 1.16g/t Au 0.5g/t Au cut-off CONFIDENTIAL INVESTOR PRESENTATION OCTOBER 2026 ASX: LSR OTC: LSMLF
Slide 2: Important information and Disclaimers
Important information and Disclamers This Presentation may not be reproduced in whole or in part, nor may any of its contents be divulged to any third party without This presentation has been prepared by Lodestar Minerals Limited (Lodestar). The information contained in this the prior consent in wri
Slide 3: Corporate Summary
Corporate Summary Undervalued with exposure to exciting gold, copper and REE assets Capital Structure - ASX:LSR LSR ASX Chart Share Price over 1yr (Oct 25 – Oct 26) rsonal use only Shares on Issue 1,489,703,673 Listed Options on Issue $0.045 – Expiry 31/01/29 743,477,925 $0.01 – Expiry 31/08/29 427,
Slide 4: LSR Management and Technical Strength
LSR Management and Technical Strength BOARD OF DIRECTORS & SENIOR MANAGEMENT Non-Executive Chairman CEO & Executive Director Non-Executive Director rsonal use only Ross Taylor Coraline Blaud Jillian Terry Finance professional with extensive experience in Geologist with 10+ years’ experience in the j
Slide 5: Strategic Commodity Focus: Gold, REE & Copper
Strategic Commodity Focus: Gold, REE & Copper Ned’s Creek Gold Project, Western Australia “Strategic high-demand commodities in • Maiden Inferred Mineral Resource Estimate (MRE)8 of 5.9 million tonnes at 1.16 g/t Au, for 221,000 ounces of gold, with cut-off grade (COG) 0.5 g/t Au (JORC 2012) world-c
Slide 6: Ned's Creek Project - Gold in Western Australia
rsonal use only N e d ’s C r e e k P r o j e c t G o l d i n We ste r n A u st r a l i a lodestarminerals.com.au | ASX:LSR 6 6
Slide 7: Ned's Creek Gold Project
Ned’s Creek Gold Project Maiden resource delivered, clear exploration upside and next steps ✓ Maiden MRE | 221,000 ounces AU8 rsonal use only MRE of 5.9 Mt at 1.16 g/t Au, for 221,000 ounces of gold, reported at a cut-off grade (COG) of 0.5 g/t Au and classified entirely as Inferred under the JORC C
Slide 8: Three deposits underpin Maiden MRE
Ned’s Creek Gold Project, WA 100% owned | Maiden 221,000oz gold resource Three deposits underpin Maiden MRE rsonal use only Three deposits contribute to the maiden resource*: - Gidgee Flat approximately 125,000 ounces - Contessa 69,000 ounces - Central Part 26,000 ounces ▪ Oxide and transitional mat
Slide 9: New Exploration Target
Ned’s Creek Gold Project New Exploration Target| Adds significant potential upside to initial resource In the range of 5.8 to 7.1 Mt at 0.86 to 1.15 g/t Au containing 159,000 to 264,000 oz Au* rsonal use only Long section looking southeast across the Contessa, Central Park and Gidgee Flat deposits,
Slide 10: Virgin Mountain Heavy Rare Earth Project
rsonal use only Virgin Mountain Heavy Rare Earth Project Strategic HREE Exposure in Arizona, USA lodestarminerals.com.au | ASX:LSR 10 10
Slide 11: U.S. critical minerals move from policy to procurement
U.S. critical minerals move from policy to procurement 2026 POLICY MOMENTUM rsonal use only 02 FEBRUARY 2026 20 JULY 2026 24–25 AUGUST 2026 $8.1B (2024) to $15.8B (2030) CAGR ~12% US$12bn EO 14415 NEVADA China controls Trump launches Project of mining ~70% Domestic and sourcing Supply security led t
Slide 12: Prime Jurisdiction and Neighbouring Projects
Virgin Mountain Rare Earths Project Prime Jursidiction and Neighbouring Projects • Border of Nevada and Arizona, proximal to the world-class rsonal use only Mountain Pass Rare Earth Element (REE) producing mine (12.15 Mt @ 4.79% Total Rare Earth Oxide (TREO)) (MP Materials Inc; MP:NYSE; US$10b marke
Slide 13: Structural Host and Focus
Virgin Mountain Rare Earths Project Structural Host and Focus • Virgin Mountain is focused on a 5 km shear zone historically mapped by USGS, 3 km of this has rsonal use only been captured by 33 mineral claims (682 acres / 2.8 KM2) 4 • The host is a Paleoproterozoic gneissic shear zone similar in age
Slide 14: TREO Grade and Tenor
Virgin Mountain Rare Earths Project TREO Grade and Tenor N • Initial rock sampling undertaken by Lodestar1,5 rsonal use only returned the following results: o NGR051: 14.68% TREO, 59% HREO o CA050: 3.73% TREO, 48% HREO o CA052: 1.81% TREO, 58% HREO o CA049: 1.67% TREO, 62% HREO o NGR050: 1.48% TREO,
Slide 15: TREO Grade and Mineralogy
Virgin Mountain Rare Earths Project TREO Grade and Mineralogy • Metasomatic fluid was found to have enriched multiple beds within the rsonal use only Paleoproterozoic gneissic host rock ranging from 1 – 14% TREO and 48 – 64% HREO1. Systematic sample results over the Humingbird Outcrop • Xenotime con
Slide 16: Next Steps to unlocking a strategically significant US asset
Virgin Mountain Rare Earths Project Next Steps to unlocking a strategically significant US asset… • High-resolution radiometric survey: The limitation for mapping of rsonal use only the shear at surface is the shallow alluvial cover and the manual effort of Ground-based scintillometer work. A high-r
Slide 17: Chilean Portfolio: Copper Exploration
rsonal use only Chilean Portfolio Copper Exploration lodestarminerals.com.au | ASX:LSR 17 17
Slide 18: Chile: A Tier 1 IOCG & PCDs Jurisdiction
Chile: A Tier 1 IOCG & PCDs Jurisdiction Fertile Jurisdiction to Exploit Copper Supply Deficit rsonal use only Los Loros and Three Saints Projects sit within the Cretaceous Porphyry/IOCG belt which includes1: Costa Fuego Cluster Hot Chili (ASX: HCH) • Carmen de Andacollo (Teck Resources) 540 Mt @ 0.
Slide 19: Los Loros Cu-Mo Porphyry Project
Los Loros Cu-Mo Porphyry Project Outcropping Porphyry Target located in Chile established mining regions • Significant Cu-Mo porphyry system identified from outcrop mapping and historical drilling. rsonal use only • Historical exploration at Los Loros has been limited and sporadic New IP+MT and magn
Slide 20: Three Saints IOCG Project
Three Saints IOCG Project Maiden Holes Confirms Large-Scale IOCG System7* • Maiden Holes L3SRD003 (EOH 600m) & L3SDD004 (EOH 611m) display multiple intervals of chalcopyrite, pyrite, molybdenite and magnetite. rsonal use only • Alteration in L3SRD003 transitions from chlorite-sericite at shallow dep
Slide 21: Pacifico Cu-Mo Porphyry Project
Pacifico Cu-Mo Porphyry Project A Cu-Mo-Au Porphyry Project in the Paleocene Metallogenic Belt6 • Pacifico Project is a Cu-Mo-Au Porphyry project in the Paleocene Porphyry Copper Belt, which hosts major rsonal use only mine sites and advanced projects in Chile, such as: Sierra Gorda (KGHM, South32),
Slide 22: Pacifico Cu-Mo Porphyry Project: Historical Dataset
Pacifico Cu-Mo Porphyry Project Strong potential based on integration of historical dataset Historical information: • 8,000m of drilling confirming the Cu-Mo(-Au) sulphide mineralisation at depth associated with several porphyry-units. rsonal use only • The deepest drillhole (746m – drilled in the n
Slide 23: Contact Details for Lodestar Minerals
Contact Details for Lodestar Minerals | ASX:LSR rsonal use only ASX:LSR Coraline Blaud CEO & Executive Director Ph: +61 8 9435 3200 Email: info@lodestarminerals.com.au Level 1/31 Cliff St, Fremantle WA 6160 lodestarminerals.com.au | ASX:LSR 23 23
Slide 24: Appendix Resource Benchmarking Data
Appendix 1 Resource Benchmarking Data Resource Mine Company Measured Indicated Inferred Total Resource date Cu Au Ag Mo Cu Au Ag Mo Cu Au Ag Mo Au Ag Mo Mt Mt Mt Mt Cu % % g/t g/t % % g/t g/t % % g/t g/t % g/t g/t % rsonal use only Candelaria Lundin Mining 518 0.39 0.09 1.3 589 0.58 0.13 1.8 122 0.5
Slide 25: Copper Equivalent Formula for Three Saints Project
Appendix 2 Copper Equivalent Formula for Three Saints Project CuEq results Copper Equivalent Formula = Cu % + Mo % x 6.321 + Au g/t x 1.000 + Co % x 4.040 Copper Equivalent calculation derived from the following parameters: rsonal use only Metal prices in USD: Cu = $6.3025/lb, Mo = $40.02/lb, Au = $
Slide 26: Copper Equivalent Formula for Pacifico Project
Appendix 3 Copper Equivalent Formula for Pacifico Project CuEq results Copper Equivalent Formula (%) = Cu % + Mo % x 6.321 + Au g/t x 1.000 Copper Equivalent calculation derived from the following parameters: rsonal use only Metal prices in USD: Cu = $6.3025/lb, Mo = $40.02/lb, Au = $4,261.0/t.oz (a
Slide 27: Appendix 4: Virgin Mountain Rare Earths Project References
Appendix 4: Virgin Mountain Rare Earths Project References • Dorward, G. P. "Rare Earth Deposits, Mohave County, Arizona." Arizona Department of Mines and Mineral Resources, AZMILS Data, Mohave County MILS Number 251A, June 7, 1990. Printed April 1, 2010. rsonal use only • Hutchinson, R. M., et al.
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