Star Minerals will primarily focus on the exploration and development of our three Projects.

Star will use the results of its recently completed updated Scoping Study at the Tumblegum South project up to the necessary level for a decision to mine or other alternatives, including a joint venture or trade sale to be made. In addition, it will use the latest exploration techniques as well as results of previous exploration work undertaken by Bryah Resources and other explorers to investigate the further potential of both the Tumblegum South and West Bryah projects.

The Board’s strategy is to advance the exploration and development of deposits located within the Project location, wherever possible utilising established mining operations and infrastructure to achieve low risk early development or production outcomes.

In addition, Star Minerals intends to continue to investigate ways to grow its business by:

• acquisition, application, or joint venturing into areas surrounding and adjacent to the Projects; and
• acquisition, application, or joint venturing into other, unrelated but economically attractive projects compatible with Star Mineral’s goals and capabilities if, and when opportunities of this type come available.