Lachlan Star: Enters option agreement for Koojan stake
- Lachlan Star (LSA) has entered a six-month option agreement to purchase up to 75 per cent of the Koojan Project
- Koojan is located on the emerging exploration province, New Norica, in Western Australia
- There has been little historical exploration done on the project
- If it wants a further 25 per cent, the company will then have to spend $350,000 on the project within 18 months
- To pay for the proposed purchase and planned work programs, Lachlan star is aiming to raise $500,000
- Lachlan Star remains in the grey on the market this morning, trading for 0.7 cents per share
