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Star Minerals Ltd. ( (AU:SMS) ) just unveiled an announcement.
Star Minerals Limited has entered into an agreement with Impact Drilling to commence a drilling program at the Tumblegum South Gold Project. The agreement includes a payment structure where 25% of the drilling costs will be paid in shares, allowing the company to preserve cash. This strategic move is expected to enhance the company’s operational efficiency and strengthen its position in the gold mining sector.
More about Star Minerals Ltd.
Star Minerals Limited is a company operating in the mining industry, focusing on gold exploration and development. Its primary project is the Tumblegum South Gold Project located in Western Australia.
Average Trading Volume: 531,758
Technical Sentiment Signal: Sell
For a thorough assessment of SMS stock, go to TipRanks’ Stock Analysis page.