Lachlan Star Limited provided this update on the exploration activities at the Koojan JV (Koojan), located ~150km north-east of Perth in the Julimar Mineral Province of SW Western Australia. At Koojan, the company is in joint venture with Minerals 260 Limited who have managed a major exploration campaign consisting of project wide aeromagnetic and gravity surveys, targeted ground electromagnetic ("EM") and Gradient Array Induced Polarisation ("GAIP") surveys as well as infill and follow-up geochemical sampling. The maiden aircore drilling campaign is commencing at Koojan and will provide first pass testing of newly defined anomalies.

Koojan JV Exploration Program Details: The reconnaissance aircore drilling will test coincident geochemical and geophysical targets including the previously announced high-priority Mallory and Bourbana prospects prior to the demerger and IPO of Minerals 260. The Mallory prospect is defined over a strike length of 2km with highly anomalous surface gold (up to 18ppb), PGE's (up to 160ppb) and copper (up 380ppm) that is coincident with a conductive zone defined by the GAIP survey. The Bourbana prospect is a broad, multi-peaked gold anomaly (up to 135ppb) that has been defined over a 1km x 2.7km surface area and the completed GAIP survey has identified coincident conductive zones to be targeted by reconnaissance drilling.

In addition to the Mallory and Bourbana prospect, the reconnaissance drilling will also target surface gold and PGE anomalies defined by surface geochemical sampling and geophysical interpretation. The aim of the drilling is to provide geological information to fully evaluate and prioritise the anomalies for continued exploration. The extensive surface geochemical sampling program, designed to infill previously, partially defined anomalies and assess new areas, is ongoing with approximately 40% of the samples collected and submitted for assay.

The program will continue as long as access to the cropping areas is available and all assays are expected over the next few month and will be compiled and interpreted prior to the next field season. The detailed aeromagnetic and gravity surveys have been completed over the Koojan JV and continued over to ground held directly by MI6. The final data is being processed and when received and combined with the results of the reconnaissance drilling and geochemical sampling will provide a significant amount of data, which once processed and analysed, will be used to optimise drill testing of existing and new targets.