Lachlan Star Limited · ASX:LSA
Lachlan Star — Investor Presentation (May 2026)
14 slides from Lachlan Star's investor presentation, May 28, 2026
Slide 1: Advancing New Waverley – EGM Presentation
ADVANCING NEW WAVERLEY EGM PRESENTATION MAY 2026 ANDREW TYRRELL CEO Cautionary Note: The presence of visible gold is qualitative only and is not necessarily representative of the overall gold content of the sampled material or the broader mineralised system. Visual observations of gold are not a rel
Slide 2: Important Information
IMPORTANT INFORMATION Forward Looking Statements This Presentation contains forward-looking statements which are identified by words such as ‘proposed’, ‘may’, ‘could’, ‘believes’, ‘estimates’, ‘targets’, ‘expects’, or ‘intends’ and other similar words that involve risks and uncertainties. These sta
Slide 3: Positioned for Growth
Positioned for Growth High-Quality Asset Base - New Waverley: high- grade gold project within a Tier-1 jurisdiction Clear Growth Strategy - focused drilling and development targeting near-term discovery and scalable resource growth Experienced Board - led by Tony Kiernan to drive the next phase of g
Slide 4: Consolidated and Strategic, Highly Prospective Tenements
Consolidated and Strategic, Highly Prospective Tenements • Strategic Location in Established Mining Hub • - located among active producers with nearby processing and infrastructure • Proven Fertility of the Norseman District • - Norseman Domain >6Moz Au endowment (1) • Fundamental Structural Framewo
Slide 5: Ingredients of a Major Gold System
Ingredients of a Major Gold System • High-grade quartz reefs, assays inc. 56g/t, 29.2g/t, 20.9g/t (1) • Unmined shallow, high-grade intercepts(2) remain open: • 4.1m @ 12.5g/t Au incl. 0.7m @ 77.3g/t Au (WD6) • 4m @ 13.8g/t Au incl. 1m @ 53g/t Au (WP55) • 6.2m @ 8.6g/t Au incl. 2.9m @ 17.7g/t Au (NW
Slide 6: New Waverley – a 'Norseman-Style' Vein System
New Waverley – a ‘Norseman-Style’ Vein System • Maiden diamond program confirms high-grade gold system • Mineralised structural corridor extends for at least 400m, and up to potentially >800m • Significant intercepts returned1 in first batch of assays • - 6.15m @ 8.6g/t Au incl. 2.9m @ 17.7g/t Au (N
Slide 7: Waverley Pit – High-Grade Vein System Confirmed and Open
Waverley Pit – High-Grade Vein System Confirmed and Open NWDD006 Top image: Photo of observed visible Gold (Au) + Pyrite (Py) + Pyrrhotite (Po) mineralisation from 50.2m down-hole. Bottom image: Photo of diamond core tray with marked up sample intervals for the intercept of 2.9m @ 17.7g/t Au from 50
Slide 8: Trial Pit – High-Grade Vein System Confirmed and Open
Trial Pit – High-Grade Vein System Confirmed and Open • Rock chips returned 56g/t, 29.2g/t, 20.9g/t, 14.15g/t Au1 • Oxide – transitional zone to ~30-40m • Visible fine gold - potential free-milling, gravity-recoveries • Westerly dip with high-grade northwest plunge ASX: LSA (1) See ASX Announcement
Slide 9: New Waverley – Next Steps
New Waverley – 1 Next Steps 2 • Assays for remaining seven holes expected in coming weeks. 1 - Priority 1 Area 1 2 - Priority 2 Area • Prioritise in-fill and step out gridded RC program across Waverley Pit – Trial Pit – Baker Boys trend (~400m corridor) 1 • Test high-grade down-plunge positions and
Slide 10: Right Address, Right Geology
Right Address, Right Geology • Analogous to Major Norseman Gold Deposits • - comparable to Crown–Mararoa and Princess & North Royal • Favourable Controls for High-Grade Mineralisation • - richly endowed Woolyeenyer Fm with reef-hosted gold enhanced by cross-cutting structures • Compelling Regional-S
Slide 11: Historical Mine Dumps
Historical Mine Dumps • Prioritised technical and economic evaluation • AC drill rig on site to confirm internal grade and distribution • Potential near-term low-cost cash flow opportunity (See Figure 3) • Flexible processing pathways • - inc. ore purchase or toll treatment options • Demonstrated hi
Slide 12: Proposed Schedule and Forward plan
Proposed Schedule and Forward plan TODAY Forward Plan Q1 Q2 Q3 Staff Onsite Jan Feb Mar Apr May Jun Jul Aug Sep • New Waverley activities: New Waverley • Phase 1 DD drilling at Waverley & Trial Drill Targeting Pits to confirm nature of vein system Geochem/costeans and geometry Structural Mapping • P
Slide 13: Leveraged for Discovery-Driven Growth
LEVERAGED FOR DISCOVERY-DRIVEN GROWTH DISCOVERY THROUGH THE DRILL BIT NEW WAVERLEY - SHALLOW HIGH-GRADE GOLD POTENTIAL IN THE NORSEMAN DISTRICT TECHNICALLY STRONG MANAGEMENT, EXPERIENCED BOARD AND BACKED BY KEY CORNERSTONE INVESTORS New Waverley Pit, view looking northwest ASX: LSA 13
Slide 14: Contact Details
CONTACT DETAILS Andrew Tyrrell Chief Executive Officer andrew.tyrrell@lachlanstar.com 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://www.linkedin.com/company/lachlanstarlimited