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Star Minerals Ltd. ( (AU:SMS) ) has issued an announcement.
Star Minerals has reported steady progress on grade control drilling at its Tumblegum South Gold Project in Western Australia, following the recent receipt of mining approval. The program, coordinated by MEGA Resources, will cover about 4,000 metres of drilling, with 611 metres already completed before a short pause over the Christmas-New Year period and completion expected in January. The closely spaced drill holes are designed to refine the mining production schedule and maximise the ore-to-waste ratio, supporting the company’s plan to commence mining next quarter and accelerate first gold production, a key step in de-risking the project and moving Star Minerals closer to cash flow generation.
More about Star Minerals Ltd.
Star Minerals Ltd. is an Australian gold-focused exploration and development company listed on the ASX, with its key asset being the Tumblegum South Gold Project in Western Australia. The company is advancing this project toward production, targeting near-term gold output through strategic drilling and mine planning to optimise ore recovery and operational efficiency.
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Technical Sentiment Signal: Hold
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