Stock Analysis

TheQuarterly Reportreleased on 23 October 2026 detailed the structure of the Sangomar contingent payment entitlement and unaudited cash of USD 1.73 million at quarter-end. It also covered an off-market buy-backFacilityfor unmarketable parcels and the tax ruling on the 2026 capital return.

The quarterly activities report released on 30 October 2026 outlined completed pressure build-up testing at Wombat-5 and regulatory approvals for further well testing. It also covered planning for the Portland Energy Project and assessment of the Nangwarry carbon dioxide development concept.

The quarterly activities report released on 26 October 2026 stated that more than 80% of Augusta-1 vendor services and long-lead items had been selected or secured. It also described a revised Q3 2027 target for the Franklin Bluffs appraisal well, subject to the joint-venture …

The quarterly activities report released on 30 October 2026 recorded five helium tube-trailer deliveries during the quarter and another after quarter-end. It also disclosed AUD 0.46 million of helium sales receipts on a 100% joint-venture basis and an extension of the offtake agreement through …

Damsel hosts a Mineral Resource of 1.40 million tonnes at 1.66 grams per tonne gold for 75,000 ounces, first reported in February 2025. Of that, 44,000 ounces at 1.87 g/t is Indicated and 31,000 ounces at 1.43 g/t is Inferred.

Managing director Lachlan Wallace described it as another important milestone and the result of extensive work with GRAC over an extended period.

The context explains why that matters. Lodestone's current JORC Inferred resource of 110 million tonnes sits within only about five kilometres of the 25-kilometre strike. The rest of the trend, and now the parallel zones, represent ground that has not yet been tested to …