lodestar prospectus is...

lodestar prospectus is out

http://www.lodestarminerals.com.au/lodestar_2007.pdf

extract:

The Company has acquired the Nickel Rights to the highly prospective Penfolds Project.
This project covers 3 nickel belts, and is only 12 kilometres from Kambalda, a world class
nickel province in Western Australia.
The project area has had no nickel exploration undertaken in the last 15 years, due to
the previous project owners focussing on the area’s gold potential.
Nickel has already been discovered on the project, with 3 metres @ 3.1% nickel reported
from the Abattoir prospect.
There is a lack of modern geophysical data in relation to the project area with no
documented evidence of any previous airborne, surface or down hole geophysical
techniques having been used over the area. These techniques have led to the discovery
of numerous nickel deposits in recent times.
Due to the significant advances in drilling and geophysical techniques, many areas
under cover can now be assessed to depths of 200-300 metres.
For these reasons, the Board are of the belief that the area is largely underexplored for
nickel, and that the area’s location offers an excellent opportunity for exploration
success.