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Star Minerals Ltd. ( (AU:SMS) ) has issued an announcement.
Star Minerals Ltd. has released an updated scoping study for its Tumblegum South Gold Project, highlighting the potential viability of open-pit mining and third-party toll treatment. The study outlines the need for further evaluation and funding of $1.7 million to $3.9 million to achieve its projected outcomes. The company acknowledges uncertainties in securing funding and potential dilution of shares, which may impact its ownership and the project’s development.
More about Star Minerals Ltd.
Star Minerals Ltd. is a company in the mining industry, focusing on the exploration and development of gold resources. The company is transitioning from an explorer to an emerging near-term gold producer, with a market focus on gold production.
Average Trading Volume: 1,980,090
Technical Sentiment Signal: Buy
For detailed information about SMS stock, go to TipRanks’ Stock Analysis page.