Stockhead
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.
The Australian
Also shy of a bit of news this week, $4m capped Star is nonetheless moving forward with studies to mine its small Tumblegum South project in the Murchison.
Drilling was poised to start this month under a drill for equity deal with Impact Drilling to test extensional targets and infill drilling within a $3800/oz pit boundary at Tumblegum South.
The Murchison is one of the best places in WA to explore for gold
Competitive tension between major players Westgold and Ramelius puts toll treatment and takeovers on the agenda for juniors
Caprice Resources is in the sweet spot, wedged between the fiefdoms of WGX and RMS
Star Minerals (ASX:SMS) is also aiming to become a small-scale gold producer at its Tumblegum South project, with India's Bain Global Resources on board as a strategic investor. With the Indian mining contractor's help it wants to bring Tumblegum South into production in early 2026.
Star Minerals (ASX:SMS) is also aiming to become a small-scale gold producer at its Tumblegum South project, with India’s Bain Global Resources on board as a strategic investor. With the Indian mining contractor’s help it wants to bring Tumblegum South into production in early 2026.
Star Minerals (ASX:SMS) has inked a drill for equity agreement with Impact Drilling, contracting them to undertake a drilling program at the Tumblegum South gold project in WA.
Under the agreement up to 25% of the direct drilling costs will be paid in SMS shares, with the program designed to test for extensions of structural gold targets and infill the current pit boundary.
Star Minerals (ASX:SMS) has wrapped up a $1.6m placement as it moves to start drilling to boost resource confidence at Tumblegum South gold project.
Skillings Mining Review
Star Minerals (ASX:SMS) has completed a placement of $1.6 million to further progress its flagship Tumblegum South Gold Project in Western Australia.
In a two tranche placement, the company has received the remaining $850,000 following shareholder approval at its general meeting on 23 May 2025.
CPS Capital Group acted as the lead manager for the placement.
Now a strategic shareholder in Star Minerals, Bain Global Resources is associated with Indian mining contractor BGR Mining and Infra.
Kalkine Media
Star Minerals (ASX:SMS) completes two-tranche placement with support from a new strategic shareholder. Progress underway on mining approvals at Tumblegum South Gold Project in Western Australia. Drilling scheduled to commence in June.
