Stockhead

• Shree Minerals’ most advanced project is the small ‘Nelson Bay’ iron ore asset in Tassie
• Star Minerals sets ambitious goal of starting gold mining within 12 months of completing IPO
• Mayur Resources is building a couple of iron and industrial sands, cement and lime projects in PNG

Proactive

Star Minerals Ltd (ASX:SMS)’s Greg Almond discusses the company's ASX-listing and first drilling program completed at the Tumblegum South, which already holds an inferred maiden mineral resource of 600,000 tonnes at 2.2g/t gold. The company says there is also notable copper potential on the lease, and additional drilling will work toward an updated mineral resource.

Proactive

• Star has two projects in Western Australia - Tumblegum South and the West Bryah Project.
• Star’s current focus is on gold at Tumblegum South, but there is also significant copper potential on the lease.
• Initial assay results from the first phase of drilling at Tumblegum South shows continuation of geology and grade from earlier drilling.
• The company is also continuing with the early-stage planning work for the West Bryah Project.

Proactive

Star Minerals Ltd (ASX:SMS)'s CEO Greg Almond provides an update on the company's flagship Tumblegum South gold-copper property, where it's just wrapped up the first phase of a drilling program. He says the initial campaign started out strong, with the coming assays to inform the next stage of exploration at the mine-ready project.

Stockhead

On the IPO front, scheduled to list today is Star Minerals (ASX:SMS), a mineral explorer that has raised $4m at 20c.

Star Minerals already has an inferred resource of 600,000t grading 2.2 grams per tonne (g/t) gold for 42,500oz of contained gold at Tumblegum South.

Business News [subscription]

The Australian Stock Exchange welcomed WA's latest gold debutant Star Minerals to its boards this morning following a $5 million IPO.

Midwest Times [subscription]

Bryah Resources’ gold and copper spin-off Star Minerals has enjoyed a solid start to life as a publicly listed company.

Star was trading at 21.5¢ at 11am, up 7.5 per cent on its 20¢ issue price after raising $5 million in an oversubscribed initial public offering.

Star houses the Tumblegum South project, which hosts an inferred resource of 42,500oz upon a granted mining licence near Meekatharra.

Kalkine Media

• Star Minerals shares closed 7.5% higher on ASX debut.
• The gold explorer raised AU$5 million in its oversubscribed IPO.
• The company issued 25 million shares at an offer price of 20 cents.

MiningNews.net [subscription]

STAR Minerals CEO Greg Almond finally got to witness the company’s market debut today, after a few false starts, following the company's successful A$5 million raising.

Global Mining Review

Perth-based Star Minerals, a gold explorer, is set to launch on the Australian Securities Exchange (ASX) with AUS$5 million.