CMD Gold Mine
In December 2010 Lachlan Star acquired a beneficial 100% ownership of the operating CMD Gold Mine, a heap leach gold mine in Chile. The CMD Gold Mine an established mine with a long history in a highly prospective location with excellent exploration potential.
BUSHRANGER Copper Project (EL 5574)
Lachlan owns a 100% interest in the Bushranger exploration-stage copper and gold deposit (the "Bushranger Copper Project") located approximately 25km south of Oberon in the Lachlan Fold Belt in New South Wales, Australia. Given Lachlan's acquisition of the CMD Gold Mine and its focus on the operation and continued development of that project, the Bushranger Copper Project is not considered to be a core asset of the Company.
Lachlan Star owns three mining leases at Princhester, approximately 80km North West of Rockhampton, QLD. The leases are ML5831, ML5832 and ML5847 and cover several magnesite deposits. The Company plans to investigate the economic potential of these leases.