Australia's Lachlan Star gains on New Waverley gold project acquisition

Lachlan Star

04/02/2026 02:39

** Shares of Lachlan Star LSA.AX rise as much as 60% to A$0.12, their highest level since late-October 2023

** The mineral explorer acquires high-grade New Waverley Gold Project, located in the Norseman Mining District, Western Australia

** Adds that project comprises a significant tenement package, including two mining leases, located along the northeastern continuation of the Woolyeenyer Formation, a key host to the multi-million-ounce gold deposits

** About 4.8 million shares change hands, 25.9 times the 30-day avg

** Lachlan stock up 73.1%, YTD

 (Reporting by Anjali Singh in Bengaluru)

 ((anjali.singh2@thomsonreuters.com;))