The invention discloses a high-strength consolidation lost circulation additive, which consists of the following components in parts by weight: 20-40 parts of calcium carbonate, 5-10 parts of silicon dioxide, 1-4 parts of calcium chloride, 0.1-0.4 part of polyanionic cellulose, 0.1-0.2 part of an XC biopolymer, 5-10 parts of aluminum oxide, 3-8 parts of magnesium oxide and 10-16 parts of oil well cement. The lost circulation additive is prepared by carrying out the following steps: adding the components into a kneading machine based on the parts by weight at normal temperature and under normal pressure according to the conventional preparation method; mixing and stirring uniformly; drying; smashing into a powdery product being 0.01-0.2 millimeter in particle size. The high-strength consolidation lost circulation additive has the characteristics of wide raw material source, high strength, strong suspending power, high mobility, high pumpability, condensing and plugging capabilities, high minimum inflation performance, high solubility, high leakage plugging success rate, simple process and safety in construction, is widely applied to petroleum and geological drilling processes, and is particularly to be applied to fractured hard formations and karst cave formations.