Lodestar Minerals Limited · ASX:LSR
Lodestar Minerals — Shareholder Meeting (November 2018)
17 slides from Lodestar Minerals's shareholder meeting presentation, Nov 30, 2018
Slide 1: Lodestar AGM 2018
For personal use only Lodestar AGM 2018 November 2018
Slide 2: Important notices
Important notices This presentation has been prepared by Lodestar Minerals Limited (Lodestar). The information contained in this presentation is a professional opinion only and is given in good faith. Certain information in this document has been derived from third parties and though Lodestar has no
Slide 3: Investment Summary
Investment 1 Multiple gold discoveries in a For personal use only potentially large new system in Summary Western Australia 2 Ideally located on a granted Mining Lease and within a short Current priorities for the business are: trucking distance of under- Major drill program to fast-track the ut
Slide 4: Corporate Overview
Corporate Overview Board and Senior Management For personal use only Chairman – Ross Taylor Capital Structure ASX code LSR Chartered Accountant and finance professional with extensive experience in global investment Shares on issue 749.2m banking and financial markets. Options on issue 124.3m Se
Slide 5: Company Highlights
Company Highlights Board has invested +$2M in past 18 months – majority by Chairman Ross Taylor. For personal use only Board ownership +30%. Low corporate costs has resulted in 80% of funds being invested directly into exploration. In the past 12 months: A$3.3 million invested +9,000m RC
Slide 6: Unlocking a New Gold System
Unlocking a New Gold System A new gold system 35km east of +5Moz For personal use only Plutonic Mine Tectonic boundary setting with potential for large deposits e.g. Tropicana (7Moz Au). Interpreted gold-rich Yilgarn Craton under shallow cover. Major shear zones, evidence for low-high angle
Slide 7: An Underexplored Greenstone Belt
An Underexplored Greenstone Belt In a +10Moz region of discovery and For personal use only production Ned’s Creek (343km2 – LSR 100%) Recent greenfields discoveries and multiple targets. Contessa – high grade gold intersection, shear-hosted along 2,000m+ granite contact. Gidgee Flat discover
Slide 8: Exploration Breakthrough
Exploration Breakthrough Intrusion-related gold from concept to Contessa Gidgee Flat For personal use only reality: highly significant results 4m at 74g/t Au from 140m 11m at 5.8g/t Au from Contessa, Gidgee Flat, Central Park and 196m Boundary Fence returned highly significant 4m at 5.6g/t Au from 1
Slide 9: Contessa
Contessa 2017 Target being refined… For personal use only First intersected primary gold mineralisation in 2017. An extensive mineralised system near the granite contact. 2018 RC drilling on 40m by 50m grid, tested over 200m. Gold in north-dipping quartz – silica - pyrite alteration zones wi
Slide 10: Contessa
Contessa Hosted by a large shear zone, For personal use only significantly larger than Gidgee Flat and Central Park Granite contact not targeted by drilling Heritage survey completed Unimpeded access to adjacent JV ML Adjacent extensive supergene and transition zone gold intercepts and nug
Slide 11: Gidgee Flat – Growing the discovery
Gidgee Flat Growing the discovery For personal use only Greenfields discovery made in aircore drilling in mid-2017 8m at 2.1g/t Au from 76m Multiple aircore intersections with high-grade zones: 15m at 3.2g/t Au from 72m including 4m at 5.0g/t Au from 72m 20m at 2.4g/t Au from 44m including
Slide 12: Gidgee Flat – Open along strike and at depth
Gidgee Flat Open along strike and at depth For personal use only 25 RC holes tested 300m strike. Excellent first bedrock gold intercepts in silica - pyrite altered mafics. Mineralisation open to the southwest and northeast. Low-grade gold internal to syenite. High-grade gold hosted in nort
Slide 13: Central Park – homing in
Central Park – homing in Multi-gram gold intersections – 600m For personal use only north of Gidgee Flat Contact-related, high-grade supergene mineralisation. Gold anomalies identified over 320m in aircore drilling – open system. Wide, shallow intersections include: 4m at 8.69g/t Au from 28m
Slide 14: The next phase – Brumby
The next phase – Brumby Evidence of a large system For personal use only Brumby granite – 1km x 1km gold anomaly (syenite-disseminated pyrite). Evidence of a large gold system with clear potential to expand. 7m at 0.51g/t Au in first RC drill hole – 37m of 99m hole returned >0.1g/t gold Off
Slide 15: Yowereena Joint Venture
Yowereena Joint Venture Regional consolidation For personal use only Strategic farm-in to four granted MLs adjoining Contessa held by Vango Mining Limited (ASX:VAN) Widespread evidence of gold mineralisation across the district. Contains extensions to known targets - Contessa and Brumby on ten
Slide 16: Yowereena Joint Venture – First drill hits
Yowereena Joint Venture First drill hits confirm potential For personal use only Lodestar’s first drilling program completed in December 2017 – first drilling in 20 years. 33 of 57 holes returned anomalous gold >0.1g/t. First pass reconnaissance drilling returned thick, shallow intersections:
Slide 17: A growing junior & potentially significant discovery
A growing junior & potentially significant discovery 1 Multiple discoveries in a new gold district Major drill program ongoing For personal use only Objective of determining the scale of the system to ultimately define a Mineral Resource Investment Evaluation of multiple regional gold trarget
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