Rat's Rant
I recently caught up with Ashley Jones aka ASH from Star Minerals Limited (SMS.asx) to discuss the Tumblegum South Gold Project drilling results where the best result was 5m at an oz gold per tonne.SMS is currently trading at 6.4c with a market cap of $11.9m, as of the 30th of June they held over $1.1m in the tin (for an EV of $10.8m).Star Minerals is focused on its Tumblegum South Gold Project in Western Australia, with mining anticipated for Q1 2026.
The Australian
Star Minerals (ASX:SMS) has welcomed Bain Global resources into the fold as a substantial shareholder. The company increased its holding to 8.18% of Star shares on issue with an on-market purchase.
Bain Global Resources is the finance arm of mine owner and contractor MEGA Resources. Star Minerals and MEGA Resources have a Memorandum of Understanding (MoU) for mine development and mining.
The West Australian
Star Minerals has pulled in heavyweight financial support, with Bain Global Resources lifting its stake to 8.18 per cent of the company’s share register.
As the finance arm of Indian mine owner and contractor MEGA Resources, Bain is putting its money where its mouth is and backing Star’s push to fast-track its Tumblegum South gold project in Western Australia’s Mid West region.
Stockhead
The Sydney Morning Herald
Bulls N' Bears
Indian resources financier Bain Global boosted its stake in Star Minerals to 8.18% as the company pushes forward with plans to mine its Tumblegum South gold deposit, near Meekatharra in Western Australia, containing 45,000 ounces.
Star Minerals continued to shine on drilling results from its Tumblegum South project, hitting high grades including 5m at 30.91g/t from 21m in shallow close-spaced infill drilling at the Mid West deposit.
Star is one of a number of ASX players aiming to get into cashflow quick with small-scale gold operations via toll treatment arrangements.
Tylah Tully chats with Star Minerals (ASX:SMS) managing director Ashley Jones about the company’s latest gold assay results from its Tumblegum South project.
Recent drilling has returned exceptional near-surface grades that exceeded expectations and point to additional shallow ounces that could strengthen the project’s economics.
The purpose of the drilling campaign was primarily infill work, converting inferred resources into the indicated status to firm up the scoping study.
Gold Coast Bulletin
Star Minerals releases gold assay results from its Tumblegum South project, boosting its economics for a planned scoping study.
