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The initial participating interests in the Joint Venture will be: Anglo American 51%
Lachlan 49%
Anglo American has recently completed an airborne magnetic and radiometric survey, a MIMDAS IP survey and has re-logged historic drill core from the Racecourse and Footrot Prospects which includes spectral logging of core and RC chips. Much of the work is likely to result in a re-interpretation of the copper mineralisation potential on the tenement.
The Joint Venture participants will now work towards developing a programme and budget for the upcoming year. For and on behalf of the Board
Scott Perry
Chairman
PO Box 1523 West Perth, WA 6872 Tel +61 8 9481 0051 Fax +61 8 9481 0052
www.lachlanstar.com.au
For further information please visit www.lachlanstar.com.auor contact:
Scott Perry Chairman Lachlan Star
Email: scott.perry@auricogold.com
About Lachlan Star Limited
Lachlan Star Limited is a gold mining company headquartered in Perth, Western Australia. The Company is focused on optimizing free cash flow from its CMD Gold Mine in Chile. The Company has a board of directors and management team with an impressive track record of advancing resource projects through to production.
Lachlan Star's current projects include a 100% interest in the CMD Gold Mine in Chile, a 49% interest in the Bushranger Copper Project in New South Wales and a 100%
interest in the Princhester magnesite deposit in Queensland.
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