Lodestar Minerals (ASX:LSR) shares have jumped 14.28% on the ASX today (29 September), as the Materials sector rallies on the S&P/ASX 200.
The company is now trading at $0.008 per share, representing a $0.001 increase, although no news has been released.
Lodestar has around 1.49 billion shares on issue and a market capitalisation of $10.42 million.
Earlier in the month, Lodestar completed its 12,417m drilling campaign at the Ned’s Creek Gold Project in Western Australia.
Drilling was conducted to return a maiden resource estimate for the project, which is expected to be returned to market next month.
The company is also progressing environmental, heritage, and technical studies, including metallurgical test work, to support a mining lease application in early 2027.
The S&P/ASX 200 index is performing 0.17% higher so far today, now at 8,694.40 points.
The index is virtually flat year-to-date, despite falling 0.72% over the past five days.
Write to Maddison Elliott at Mining.com.au
Main image: ASX
