Lachlan Star (ASX:LSA) completed the acquisition of a 90% stake in the New Waverley gold project in Western Australia after paying a cash consideration of AU$150,000 and issuing 12.5 million fully-paid ordinary shares to the vendor, according to a Friday Australian bourse filing.
A maiden diamond drilling program is scheduled to begin in the coming week.
Its shares fell 3% in recent trading on Friday.
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