Article

Lodestar Resources has entered a four-year option agreement to acquire the Los Loros copper-gold project in Chile, focusing on its copper-molybdenum porphyry system. The deal, involving a $30,000 annual payment and a $2.6 million option fee, grants access to eight mining concessions, with exploration activities including surface sampling and drilling planned for April. Despite the promising historical drilling results, Lodestar's shares fell by 8.3% following the announcement.