Saturn Metals Accelerates Major Drill Campaign at Apollo Hill’s Iris Trend

Saturn Metals Ltd. ( (AU:STN) ) just unveiled an update.

Saturn Metals has mobilised six drill rigs to fast-track a major resource development and step-out drilling campaign along the 2.6km Iris Trend at its Apollo Hill Gold Project in Western Australia. The program, comprising more than 30,000 metres of planned reverse circulation drilling, is targeting near-surface extensions, higher-grade footwall zones and key structures north of the current resource, with the aim of upgrading the existing 2.24Moz mineral resource and 1.58Moz ore reserve. In-fill drilling is also underway in the main deposit area to support resource category upgrades and potential reserve expansion, with results to feed into a Definitive Feasibility Study and updated ore reserve due later this year. Backed by a strong cash position that fully funds work beyond DFS completion, the accelerated campaign underscores Saturn’s confidence in the Apollo Hill system and the recently discovered Iris corridor, with the company flagging potential for a material near-term impact on mineral inventory and its development pathway.

The most recent analyst rating on (AU:STN) stock is a Sell with a A$0.45 price target. To see the full list of analyst forecasts on Saturn Metals Ltd. stock, see the AU:STN Stock Forecast page.

More about Saturn Metals Ltd.

Saturn Metals Limited is an Australian gold exploration and development company focused on advancing its 100%-owned Apollo Hill Gold Project near Leonora in Western Australia. The company is working to grow and upgrade its existing mineral resource and ore reserve base as it progresses feasibility studies and moves the project along the pathway to potential production.

Average Trading Volume: 1,442,984

Technical Sentiment Signal: Buy

Current Market Cap: A$262.4M

For a thorough assessment of STN stock, go to TipRanks’ Stock Analysis page.