Lodestar Minerals Limited is exploring for nickel at the highly prospective Penfolds tenements, which cover three known nickel belts, and are only 12 kilometres from Kambalda, a world class nickel province in Western Australia.

Nickel has already been discovered on the tenements, and the ground is largely unexplored using modern drilling and geophysical techniques.

ASX Announcement 10 December 2009 - Acquisition of the Peak Hill - Doolgunna Project