28 April 2008

Detailed EM survey to continue over Abattoir prospect

• RC drill program confirms nickel sulphide mineralisation

• Regional targets identified in exploration data review

Lodestar Minerals Limited (“Lodestar”) will continue a detailed moving loop electromagnetic survey of its Abattoir prospect near Kambalda after discovering nickel sulphide mineralisation during its recent RC drilling program.

Managing Director Bill Clayton said Lodestar was encouraged by the evidence of nickel sulphide mineralisation in LAPC001, which was one of four drill holes to test the historic nickel sulphide intersections in DDH-7 and DDH-8 that were drilled by Placer in 1970-1971.

DDH-7 and DDH-8 were shallow vertical drill holes that tested the contact between an interpreted gabbro footwall and serpentinised cumulate ultramafic.

Lodestar’s nickel project area covers approximately 332m2 of highly prospective ground in the eastern Goldfields between Kalgoorlie and Kambalda in WA. It is just 12 kilometres from Kambalda and has excellent access to infrastructure.

“We regard the Abattoir ultramafic sequence as a high priority exploration target that will be systematically tested during the coming weeks,” Mr Clayton said.

“We have undertaken about 20 per cent of the moving loop EM program and have approximately 8 kilometres of strike remaining to be surveyed.”

The results from LAPC001 confirmed the presence of nickel sulphide mineralisation on the contact position, returning:

• 0.46% Ni, 0.08% Cu, 231ppb Pd and 54ppb Pt between 90 - 96m; and

• 0.49% Ni, 0.13%Cu, 481ppb Pd and 111ppb Pt between 105 - 108m.

View the full ASX announcement by clicking here.

For further information contact:

David McArthur
Executive Director

Lodestar Minerals Ltd
Ph: 9389 8799

Peter Harris
Professional Public Relations
Ph: 9388 0944

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