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Saturn Metals Ltd. ( (AU:STN) ) has issued an update.
Saturn Metals Limited reported significant progress in advancing the Prefeasibility Study for the Apollo Hill Gold Project despite the unfortunate passing of a Challenge Drilling employee. The company’s efforts include extensive drilling programs aimed at resource extension and in-fill drilling, which have shown promising results in terms of mineralization and grade enhancement. These developments are intended to lead to an interim Mineral Resource upgrade scheduled for early Q1 2025, supporting the company’s goal of developing a high-margin, bulk tonnage mining operation. Additionally, the company has submitted a detailed hydrogeological assessment to secure water supply for the project, and their cash position at the end of December 2024 was $9.5 million.
More about Saturn Metals Ltd.
Saturn Metals Limited is a company in the mining industry, focusing on gold exploration and development. Their primary project, the Apollo Hill Gold Project, is located in Western Australia and aims to establish a large-scale, long-life, and financially robust gold mining operation.
YTD Price Performance: -12.20%
Average Trading Volume: 410,777
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$55.6M
For a thorough assessment of STN stock, go to TipRanks’ Stock Analysis page.
