LSA clearly stated on the last quarterly report that their focus...

LSA clearly stated on the last quarterly report that their focus of exploration in Koojan project at South West Yilgarn Terrane (north east of Perth) will be GOLD and base metals (Ni-Cu-PGE).

They are now watching LTR's exploration (as said by Klaus Eckhof on the last quarterly report);

"Lachlan Star confirms that a further tenement E70/5429 has been granted to the vendor of the Koojan Project. This recently granted tenement is in the eastern portion of the project and the initial geological mapping of the area has confirmed the presence of mafic and ultramafic units. In addition, review of competitor activity on neighbouring projects highlights the presence of gold and base metal anomalies that may continue into the Koojan Project. This will be a focus of our exploration program".

The neighbouring project is LTR's Moora project as far as I know. I am not after making LTR promotion here but we have to look into their project to understand the potential of LSA's Koojan project.

LTR is making a serious exploration job just next to LSA tenements there. They have a very strong information about the geological structures as they are sharing info with CHN (sharing same chairman Tim Goyder) which has discovered the Julimar prospect (Palladium, Ni, Cu and PGE).

LTR has already found very high grade gold in samples (individual assays up to 925ppb gold or 0.92g/t Au) at their Mt Yule prospect which is 2-3 kms away from LSA tenements. They have even named their prospect as; My Yule, Dalkey, Horseshoe and Felton. They call it Mt Yule - Felton trend. LTR is also doing the EM survey job atm. And this is what Klaus Eckhof is watching atm.




More importantly the geological structure trend anomalies continue into the Koojan Project IMO. See the gravity (structures under the ground) map below (I have made by using GeoView gov. maps). That trend can also be seen from the mafic/ultramafic dykes (on the surface) on the map further below here.

(The black lines are major fault and shear zones and the brown lines are mafic and ultramafic dykes (on the surface). You can see there are a lots of of them in LSA tenements, much more than any other area in the whole SW Yilgarn terrane (See the large map below).



This one below is not with the trend arrows. You can compare them.




LSA is watching LTR while they are doing their own job on those tenements.

They said on last quarterly that they would do a Heli-EM survey to commence in mid August and possible gravity survey to follow.

"As outlined previously, the proposed field programme, to be run concurrently wherever possible, will include:

• Geological Mapping including rock chip and target prioritisation.
• Geochemical sampling – auger drilling on a systematic basis over key areas as well as regional mafic to ultramafic targets.
• Geophysics – review is continuing with the potential for a Heli-EM survey to commence in mid August and possible gravity survey to follow.
• Review and prioritisation of drill targets with the aim of commencing drilling as soon as possible".

I think Klaus Eckhof knows what he is doing here. He said “our recent geological mapping has confirmed the presence of mafic to ultramafic lithologies in an identified prospective corridor with a geological setting that has similarities to the Julimar Ni-Cu-PGE discovery and the Yarrawindah Ni-Cu-PGE project. The reconnaissance work has demonstrated the presence of anomalous copper and nickel mineralisation, and now our geological interpretation is allowing us to begin to define priority areas for next stage exploration".

The map below which I have modifies from GeoView (Gov. maps) shows the greenstone and granite contact zone at the Mt-Yule-Felton trends and it goes through to LSA tenements. There more of them in LSA tenements. IMO, that's very promising geological setting for hosting gold and base metals.

The black lines are major fault and shear zones and the brown lines are mafic and ultramafic dykes (on the surface). You can see there are a lots of of them in LSA tenements, much more than any other area in the whole SW Yilgarn terrane (See the large map below).






Btw, I am a long term holder of LTR and also holding LSA. I am not a geologist. I am only sharing my opinions and research work here with you guys for discussion purposes.


Those maps below are from LSA's announcements;