The Australian
Mining giant backs Murchison gold junior. Stockhead’s ‘Garimpeiro’ columnist Barry FitzGerald is back in the studio for another instalment of The Explorers Podcast.
In this episode, Barry FitzGerald speaks to Star Minerals (ASX:SMS) non executive director Ashley Jones about the company's exciting Tumblegum South project near Meekatharra in Western Australia.
Stockhead
In this episode, Barry FitzGerald speaks to Star Minerals (ASX:SMS) non executive director Ashley Jones about the company’s exciting Tumblegum South project near Meekatharra in Western Australia.
Long Shortz with Star Minerals: Taking Tumblegum gold to production
Star rises for Meekatharra gold mining
Tylah Tully chats with Star Minerals (ASX:SMS) non executive director Ashley Jones about moving on near-term production from its Tumblegum South gold project near the mining hub of Meekatharra.
With the gold price surpassing previous records seemingly by the day, Star is shooting for success and filling its coffers for development.
MarketOpen
Joining the podcast today is Ashley Jones, Director of Star Minerals Limited (ASX: SMS). Star Minerals is focused on advancing the Tumblegum South Gold Project and exploring new opportunities in Western Australia’s gold sector. Ashley will take us through the company’s strategy, recent developments, and the market dynamics shaping the company’s growth. We’ll also discuss the significance of their latest capital raise, upcoming milestones, and how Star Minerals is positioning itself for long-term success.
In this exclusive interview, we sit down with Ashley Jones, Director of Star Minerals Limited (ASX: SMS), to discuss the company’s vision and latest developments.
🚀 Topics Covered:
✔️ Company Focus: An overview of Star Minerals and its position in the gold exploration sector.
✔️ Recent Highlights: Insights into the recent $1.6M capital raise and the strategic investment from Bain Global Resources.
✔️ Market Opportunity: How Star Minerals is leveraging strong gold prices and positioning for growth.
✔️ Future Vision: Key milestones and what’s next for the Tumblegum South Gold Project.
📈 Don’t miss this deep dive into one of Australia’s emerging gold developers!
Townsville Bulletin
Star Minerals is welcoming $1.6m and a new strategic investor to the register to advance its Tumblegum South gold project.
Even smaller players have been able to make tidy sums through record gold prices.
The Courier Mail
Star Minerals (ASX:SMS) received firm commitments for the placement to work on Tumblegum South and look at other opportunities, with Indian private equity giant Bain Global Resources taking part as a new strategic shareholder.
It’s the latest move the cashed-up investor has made in the WA junior gold space, and could lead to further support down the line like Bain has given to Rumble Resources and Legacy Iron Ore.
There’s already a 45,000oz contained gold resource in place on a granted mining lease at Star’s Tumblegum South, which the company believes can be swiftly brought into production.
The West Australian
Star Minerals is fast-tracking plans to mine its promising 45,000-ounce Tumblegum South gold project, 40 kilometres south of Meekatharra in Western Australia, after issuing 64 million new shares to raise $1.6 million in fresh cash.
The decision to press the go button on Tumblegum South was prompted in large part by the strong recent interest from exploration companies and mining contractors wishing to partner with the company to monetise the asset at a time of all-time high gold prices.
As part of the capital raising, Star attracted BGR Mining and Infra Limited - one of India’s largest mining contractors - to its register. Management says that as a strategic investor BGR has been lured by the economics of the project against a backdrop of a buoyant metal price.
Tip Ranks
Sharecafe
Strategic investment to accelerate Tumblegum South gold project development and exploration.
Star Minerals Limited (ASX: SMS) announced it has secured $1.6 million through a placement of 64,000,000 new shares at $0.025 per share. The funding will primarily be directed toward advancing the Tumblegum South Gold Project toward a decision-to-mine. Key activities include infill and extension drilling, resource upgrades, approvals, environmental studies, and a feasibility study.
The Age
Sydney Morning Herald
Market Screener
Riding the wave of soaring gold prices, Star Minerals has revealed plans to fast-track the development of its Tumblegum South gold project, 40 kilometres south of Meekatharra in Western Australia.
Backed by a granted mining license, the company is pushing forward with environmental approvals at the site while exploring third-party mining and toll treatment options.
The Sydney Morning Herald
Mining.com.au
Star Minerals (ASX:SMS) is progressing environmental approvals of the Tumblegum South Gold Project in Western Australia, which will support the monetisation of the asset.
Sarah Hughan takes a closer look at Star Minerals (ASX:SMS), who is established in highly prospective regions with the clear aim of delivering resource growth and advancing a strategic portfolio of uranium, gold, and copper projects.
Star Minerals shareholders have voted through the company’s proposed joint venture (JV) agreement to earn up to 85 per cent of the Cobra uranium project in the world-class Erongo district of Namibia.
In this video, Star Minerals Director Ashley Jones shares exciting updates on the company’s strategic direction. Discover how the Cobra Uranium Project fits into Star Minerals' growth plans, leveraging rising global demand for clean energy. Ashley also discusses the benefits of the upcoming rights issue for shareholders and why the timing is right to advance a uranium project like Cobra. Additionally, learn about the latest progress at Tumblegum South, including positive scoping study results and plans for an 18-month mining campaign. Don’t miss these key insights into what’s next for Star Minerals!
Following the announcement of the farm-in and joint venture to acquire up to 51% of the project from the Canadian listed company last Thursday, Star Minerals (ASX:SMS) is now planning to upgrade the project’s resource estimate.
Energy Capital & Power
Stockhead TV
Star Minerals’ non-executive director Ashley Jones joins Sarah Hughan to talk about the company’s agreement for the Cobra uranium project in Namibia.
AZO Mining Madison Metals Inc. ("Madison" or the "Company") announced that it has reached a legally binding agreement with Star Minerals Limited, a well-managed Australian public company, to acquire Exclusive Prospecting Licence 8531 (also known as the "Cobra Uranium Project") at Madison North, which is close to the renowned Rossing Uranium Mine in the Erongo Uranium Province, Namibia.
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.
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
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.
The one to watchStar Minerals justifies Star of the East assessment with shallow high-grade gold
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.
Leveraging its commercial relationships, the company says it was able to quickly execute the planned drilling program consisting of 7 holes for 283m in September 2022 and submit its samples, with the results returned this month.
The Market Herald
Star Minerals (SMS) has returned high-grade gold assay results from its phase one drilling program at the Star of the East project in Western Australia.
The company received results from its reconnaissance gold drilling campaign, which aimed to test historical data.
Financial Post
Star Minerals Ltd (ASX:SMS) has struck broad shallow high-grade gold during reconnaissance drilling at the recently optioned Star of the East Project in the Murchison region of Western Australia, confirming the mineralisation in historical drilling and mining data.
Results from reconnaissance drilling include 8 meters at 14.2 grams per tonne of gold and 1 meter at 80.9 g/t of gold within a larger interval of 14 meters at 8.3 g/t of gold from 15 meters, according to a Tuesday news release.
Gold mineralisation was confirmed at “Star of The East” through assay results from Phase-1 drilling, designed to test historical data. The Phase-1 drilling assays include: 14m @ 8.3g/t Au, and 6m @ 4.95g/t Au.
Star Minerals
“The assays confirm our initial assessment of Star of the East and further support our decision to sign the option agreement to gain access to this gold deposit," Star Minerals Ltd (ASX:SMS) CEO Greg Almond said.
Grafa
(ASX:SMS) has received fantastic assay results from its reconnaissance gold drilling campaign at the Star of the East project.
Investing News Network
Star Minerals Limited (ASX: SMS, “the Company” or “Star Minerals”) is pleased to advise that it has received the assay results from its reconnaissance gold drilling campaign at the “Star of the East” project.
“The assays confirm our initial assessment of Star of the East and further support our decision to sign the option agreement to gain access to this gold deposit," Star Minerals’ CEO Greg Almond said.
Market Open
Star Minerals has confirmed 14 meters of gold at 8.3g/t from its reconnaissance gold drilling campaign at its Star of the East project in Western Australia’s historic Murchison Region.
The Company said the high-grade gold assay results, including an instance of 14.2g/t over 8m, confirm the interpretation of geology and broad, shallow gold intercepts at the project, which is under option.
Business News
Star Minerals Ltd (ASX:SMS) has further aligned the location of its board with its Western Australian focus through the appointment of experienced geologist Gemma Lee as an independent non-executive director.
Star Minerals Limited (ASX: SMS, “the Company” or “Star Minerals”) is pleased to advise that it has mobilised to site and commenced an initial Reverse Circulation (RC) drilling program to explore the potential gold mineralisation and add to the Company’s knowledge of the geology and grade characteristics of its recently optioned Star of the East gold project.
Star Minerals Ltd (ASX:SMS) has begun initial reconnaissance drilling at the recently optioned Star of the East Project, seeking to identify gold mineralisation based on historical drilling and mining data.
Star Minerals Ltd (ASX:SMS) CEO Greg Almond chats with Proactive’s Andrew Scott about the third stage of resource definition drilling underway at Tumblegum South Gold Project in Western Australia.
Finance News Network
A snapshot of the stocks on the move featuring Lynas Rare Earths (ASX:LYC), Star Minerals Star Minerals (ASX:SMS) and Platina Resources (ASX:PGM).
Share Cafe
Star Minerals (ASX:SMS) today advised that it has received the assay results from its Phase 2 drilling campaign that was undertaken in anticipation of fast tracking its knowledge of the geology and grade characteristics of its Tumblegum South gold project.
SMS is now updating the 42,500oz resource at the WA-based project for a scoping study.
Assay results from phase-2 resource definition drilling confirm the continuation and extension of geology, as well as grade of course at Tumblegum South with hits including 4m at 16.8g/t gold, 3m at 14.74g/t gold, 4m at 8.23g/t gold, and 6m at 3.03g/t gold.
“The results confirm the tonnage and grade information that we have for Tumblegum South, and will provide more information for an updated resource model as we progress our strategy to develop, mine and monetise this asset,” said CEO Greg Almond.
Star Minerals Enters Option Deal to Acquire Historical Gold Mine
Star Minerals Ltd (ASX:SMS) is aiming to bolster its gold portfolio with a proposed new acquisition.
The explorer has inked an option agreement that puts it in line to pick up the ‘Star of the East’ gold camp, a precious metal deposit in WA’s Murchison region.
Star Minerals (SMS) has completed its stage two resource definition drilling program at its Tumblegum South Gold Project in Western Australia.
“We are pleased to have successfully completed the recent phase of drilling at Tumblegum South and are eagerly awaiting assay results, with encouraging visibility in the drill samples obtained,” Star Minerals’ CEO Greg Almond.
Star Minerals (SMS) launches a stage two definition drilling program at its Tumblegum South gold project in Western Australia
Star Minerals Ltd (ASX:SMS) has started Stage 2 resource definition drilling at its Tumblegum South Gold Project 40 kilometres south of Meekatharra, WA.
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.
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.
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
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.
The West Australian [subscription]
Four Western Australian explorers are preparing to list on the ASX, having launched initial public offerings to raise a combined $34 million.
Mining.com
Western Australia-based Star Minerals is close to launching an initial public offering (IPO) with the goal of funding the development of the advanced Tumblegum South gold project.
Small Caps
Small Caps’ upcoming IPOs page offers investors a preview of companies that are currently planning to list on the ASX (Australian Stock Exchange) and access to live deals. We include details of the IPO (Initial Public Offering) including company name, ASX code, issue price, capital sought and more. Investors can also view and track the performance of companies that have recently listed.
StockBox
Star Minerals CEO Greg Almond introduces the company ahead of their IPO [audio interview]
Mining News
STAR Minerals has struck a series of deals, including with Bryah Resources and Bryah’s original parent Australian Vanadium, it believes are sufficient to get it listed, and help fund development of the small Tumblegum South deposit.
Partners Australian Vanadium and Bryah Resources are also progressing with the proposed spin-off of Star Resources that holds a non-core gold exploration asset.
Australian Vanadium Limited will keep a close watch on an aircore drilling program conducted with partner Bryah Resources Ltd (ASX:BYH) at the Gabanintha Project in WA primarily targeting nickel-copper-gold-PGE and additional critical metals.
Greg Almond, CEO of soon-to-be-listed Star Minerals, introduces the gold explorer to Proactive's Andrew Scott. Its flagship asset is Tumblegum South in Western Australia which has an existing resource estimate totalling 600,000 tonnes at a grade of 2.2 g/t Au.
6PR - Bulls N' Bears
Listen to soon-to-be-listed Star Minerals CEO, Greg Almond, talk to Matt Birney on the Bulls N’ Bears Report about Star’s upcoming ASX listing of its gold projects in the north of WA.
Star Minerals has set itself the ambitious goal of starting gold mining within 12 months of completing its planned initial public offering.
While most new resource plays start with prospective ground and are lauded for starting exploration right off the bat, the company isn’t satisfied with just remaining an explorer and has set itself some lofty goals.
