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Star Minerals Ltd. ( (AU:SMS) ) has provided an update.
Star Minerals Ltd. has released an updated scoping study for its Tumblegum South Gold Project, which evaluates the viability of open pit mining and third-party toll treatment. The study indicates that funding between $1.7 million to $3.9 million is required to achieve the projected outcomes, but there is no certainty of obtaining this funding. The company may consider alternative strategies such as sales or joint ventures, which could affect its ownership stake.
More about Star Minerals Ltd.
Star Minerals Ltd. is an emerging company in the mining industry, focusing on gold production. It is transitioning from an explorer to a near-term gold producer, with key projects including the Tumblegum South Gold Project and the West Bryah Copper Gold Project.
Average Trading Volume: 1,956,956
Technical Sentiment Signal: Buy
See more data about SMS stock on TipRanks’ Stock Analysis page.