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An announcement from Star Minerals Ltd. ( (AU:SMS) ) is now available.
Star Minerals Ltd. has received mining approval from the WA Department of Mines, Petroleum and Exploration for its Tumblegum South Gold Project, marking a significant milestone for the company. With mining set to begin in Q1 2026, the project is expected to generate substantial cash surplus due to high gold prices, and will be managed by MEGA Resources, a related entity to Bain Global Resources, which holds a significant share in Star Minerals.
More about Star Minerals Ltd.
Star Minerals Ltd. is primarily focused on the development of the Tumblegum South Gold Project, with plans to commence production in early 2026. The company aims to capitalize on favorable gold prices and has signed a Right to Mine Agreement with MEGA Resources and Bain Global Resources for funding and development.
Average Trading Volume: 1,116,173
Technical Sentiment Signal: Hold
For an in-depth examination of SMS stock, go to TipRanks’ Overview page.