Mining Technology
The deal will enable Star Minerals to earn up to a 51% stake in Pennywort, holder of EPL 8531, which comprises the Cobra project.
The Sydney Morning Herald
Star Minerals has leapt at the chance to buy up to an 85 per cent stake in the Cobra uranium project in Namibia from Canadian-listed Madison Metals, in a strategic pivot into the heavy metal’s booming sector.
Listen to ASX-listed Star Minerals Director Ashley Jones talk to Matt Birney on the Bulls N’ Bears Report about Star’s brand new uranium project that already has a solid uranium endowment and at least 11 early drill targets that look very interesting.
The Australian Business Review
Special Report: Star Minerals has entered into a binding agreement with Madison Metals (CSE:GREN) for a farm-in and joint venture to acquire up to 51% of the Cobra uranium project in Namibia.
3AW Melbourne Radio
Stockhead
Under the agreement, Star Minerals (ASX:SMS) can spend US$3.95m over three years (US$2.425m on exploration) to advance the project in addition to staged progress payments to Madison to earn 51% of the project.
Bulls N' Bears
An update to the scoping study released in its quarterly yesterday has pegged SMS’ Tumblegum South gold project near Meekatharra, WA, to produce a shotgun single mining campaign producing 11,000oz to 15,900oz of gold.
Proactive Investors
Star Minerals Ltd (ASX:SMS) CEO Greg Almond tells Proactive about the broad and shallow high-grade gold struck during reconnaissance drilling at the recently optioned Star of the East Project in the Murchison region of Western Australia.
