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An update from Saturn Metals Ltd. ( (AU:STN) ) is now available.
Saturn Metals Limited has announced an increase in the gold resource estimate at its Apollo Hill Gold Project to 2.24 million ounces, with 82% classified as measured and indicated. This update, following a major drilling program, marks a 10% increase from the previous estimate and highlights the company’s progress in resource development. The company plans to use this updated resource estimate to develop a pre-feasibility study and inaugural ore reserve by late 2025, with further drilling aimed at supporting a definitive feasibility study in 2026. This expansion underscores Saturn’s strategic growth in the gold mining sector, with potential for further resource increases and exploration beyond the current project area.
The most recent analyst rating on (AU:STN) stock is a Buy with a A$0.77 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 a company in the mining industry, focusing on gold exploration and development. Its primary project is the Apollo Hill Gold Project located in the Leonora Region of Western Australia, where it aims to expand its gold resource base through extensive drilling and resource modeling.
Average Trading Volume: 953,268
Technical Sentiment Signal: Buy
Current Market Cap: A$197.7M
For a thorough assessment of STN stock, go to TipRanks’ Stock Analysis page.