Latest news with #StarMinerals
West Australian
30-06-2025
- Business
- West Australian
Star kicks off drilling blitz to fast-track gold mining near Meekathara
Star Minerals has fired up the drill rigs at its flagship Tumblegum South gold project, 40-kilometres south of Meekatharra in Western Australia, as it looks to prove up the asset's near-term production potential. The 3000-metre reverse circulation drilling program, which kicked off this week, aims to bolster the project's already compelling economics by upgrading the gold gaps and chasing high-grade gold lodes to extend the project's mine life. The targeted program follows a detailed structural review at Tumblegum that lit up potential repeat gold targets northwest of the existing resource. The company says that by tightening drill spacing in the shallow inferred resources within a recent scoping study's optimised pit shell, Star is looking to convert its gold into a higher confidence indicated category, paving the way for near-term mining. About a third of the planned drilling will test for parallel high-grade gold repetitions, with recent geological modelling and aeromagnetic data pointing to zones of maximum curvature in duplex structures as prime spots for gold mineralisation. Star Minerals managing director Ashley Jones said: 'The company's updated Scoping Study 1 demonstrated the value and viability of the Tumblegum South gold project over a broad range of gold prices. Star Minerals is now taking the next steps to monetise this asset by further drilling and completing the mining approvals process.' The open-pittable Tumblegum South resource currently stands at 616,000 tonnes grading 2.28 grams per tonne (g/t) for 45,000 ounces of gold, with a high-grade core of 337,000t at 2.52 g/t for 27,000 ounces in the indicated category. Last year's updated scoping study outlined a compelling case for an 18-month mining campaign at the deposit to produce a respectable 11,800 ounces to 15,900 ounces of gold via a toll treating scenario. The scoping study projected the deposit would spit out $9.4 million to $19.6 million in profit at gold prices of $3000 to $3800 per ounce. With gold now trading significantly higher - north of $5000 per ounce - Star stands to capture some considerable upside, which could add millions to the project's bottom line. The study estimated pre-mining costs of just $700,000 to $1.5 million, making Tumblegum South a low-capital, high-return opportunity. With the drill bit now spinning, Star is also eyeing a toll-treating deal with a nearby mill to leverage the project's impressive head grade of 2.28g/t to 2.52 g/t to ensure cost-effective processing. Star recently partnered with mining services group MEGA Resources, a subsidiary of India's mining giant BGR Mining, to accelerate its near-term production ambitions. A signed agreement and accompanying strategic investment by BGR in a recent $1.6 million capital raise have set the stage for a collaborative mine development of Tumblegum, through a future potential profit-sharing arrangement aimed at minimising dilution for shareholders. Industry peers, such as Auric Mining and Horizon Minerals, have set a strong precedent in WA's gold landscape, unlocking stranded deposits through toll treating to generate quick cash flows. Star appears next in line to follow suit, with its current drilling program set to deliver final certainty for the company and an updated JORC resource estimate following results in August. With MEGA Resources' backing and a clear path to production, Star is making plenty of noise in a booming WA gold market. As the drills get spinning, what follows next should not just be a question about when it will start producing gold, but how much will Tumblegum be churning out? Is your ASX-listed company doing something interesting? Contact:
Sydney Morning Herald
30-06-2025
- Business
- Sydney Morning Herald
Star starts drilling blitz to fast-track gold mining near Meekathara
Star Minerals has fired up the drill rigs at its flagship Tumblegum South gold project, 40-kilometres south of Meekatharra in Western Australia, as it looks to prove up the asset's near-term production potential. The 3000-metre reverse circulation (RC) drilling program, which kicked off this week, aims to bolster the project's already compelling economics by upgrading the gold gaps and chasing high-grade gold lodes to extend the project's mine life. The targeted program follows a detailed structural review at Tumblegum that lit up potential repeat gold targets northwest of the existing resource. The company says that by tightening drill spacing in the shallow inferred resources within a recent scoping study's optimised pit shell, Star is looking to convert its gold into a higher confidence indicated category, paving the way for near-term mining. About a third of the planned drilling will test for parallel high-grade gold repetitions, with recent geological modelling and aeromagnetic data pointing to zones of maximum curvature in duplex structures as prime spots for gold mineralisation. 'The company's updated Scoping Study 1 demonstrated the value and viability of the Tumblegum South gold project over a broad range of gold prices.' Star Minerals managing director Ashley Jones Star Minerals managing director Ashley Jones said: 'Star Minerals is now taking the next steps to monetise this asset by further drilling and completing the mining approvals process.' The open-pittable Tumblegum South resource currently stands at 616,000 tonnes grading 2.28 grams per tonne (g/t) for 45,000 ounces of gold, with a high-grade core of 337,000t at 2.52 g/t for 27,000 ounces in the indicated category. Last year's updated scoping study outlined a compelling case for an 18-month mining campaign at the deposit to produce a respectable 11,800 ounces to 15,900 ounces of gold via a toll treating scenario. The scoping study projected the deposit would spit out $9.4 million to $19.6 million in profit at gold prices of $3000 to $3800 per ounce.
The Age
30-06-2025
- Business
- The Age
Star starts drilling blitz to fast-track gold mining near Meekathara
Star Minerals has fired up the drill rigs at its flagship Tumblegum South gold project, 40-kilometres south of Meekatharra in Western Australia, as it looks to prove up the asset's near-term production potential. The 3000-metre reverse circulation (RC) drilling program, which kicked off this week, aims to bolster the project's already compelling economics by upgrading the gold gaps and chasing high-grade gold lodes to extend the project's mine life. The targeted program follows a detailed structural review at Tumblegum that lit up potential repeat gold targets northwest of the existing resource. The company says that by tightening drill spacing in the shallow inferred resources within a recent scoping study's optimised pit shell, Star is looking to convert its gold into a higher confidence indicated category, paving the way for near-term mining. About a third of the planned drilling will test for parallel high-grade gold repetitions, with recent geological modelling and aeromagnetic data pointing to zones of maximum curvature in duplex structures as prime spots for gold mineralisation. 'The company's updated Scoping Study 1 demonstrated the value and viability of the Tumblegum South gold project over a broad range of gold prices.' Star Minerals managing director Ashley Jones Star Minerals managing director Ashley Jones said: 'Star Minerals is now taking the next steps to monetise this asset by further drilling and completing the mining approvals process.' The open-pittable Tumblegum South resource currently stands at 616,000 tonnes grading 2.28 grams per tonne (g/t) for 45,000 ounces of gold, with a high-grade core of 337,000t at 2.52 g/t for 27,000 ounces in the indicated category. Last year's updated scoping study outlined a compelling case for an 18-month mining campaign at the deposit to produce a respectable 11,800 ounces to 15,900 ounces of gold via a toll treating scenario. The scoping study projected the deposit would spit out $9.4 million to $19.6 million in profit at gold prices of $3000 to $3800 per ounce.
The Australian
30-06-2025
- Business
- The Australian
StockTake: Star Minerals
Stockhead's Tylah Tully unpacks the latest from Star Minerals (ASX:SMS), as it endeavours to grow the gold resource at its Tumblegum South gold project. Star is testing for more high-grade lodes that could add to the resource and bolster the potential mine life. Watch the video to learn more. This video was developed in collaboration with Star Minerals, a Stockhead advertiser at the time of publishing. This video does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
Yahoo
01-06-2025
- Business
- Yahoo
Favourable Signals For Star Minerals: Numerous Insiders Acquired Stock
When a single insider purchases stock, it is typically not a major deal. However, when multiple insiders purchase stock, like in Star Minerals Limited's (ASX:SMS) instance, it's good news for shareholders. While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. Over the last year, we can see that the biggest insider purchase was by insider Leslie Ingraham for AU$132k worth of shares, at about AU$0.03 per share. That means that even when the share price was higher than AU$0.024 (the recent price), an insider wanted to purchase shares. Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. While Star Minerals insiders bought shares during the last year, they didn't sell. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction! View our latest analysis for Star Minerals Star Minerals is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket. Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Insiders own 30% of Star Minerals shares, worth about AU$1.1m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment. There haven't been any insider transactions in the last three months -- that doesn't mean much. On a brighter note, the transactions over the last year are encouraging. Overall we don't see anything to make us think Star Minerals insiders are doubting the company, and they do own shares. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. You'd be interested to know, that we found 4 warning signs for Star Minerals and we suggest you have a look. But note: Star Minerals may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
