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The latest announcement is out from Star Minerals Ltd. ( (AU:SMS) ).
Star Minerals Limited has signed a Right to Mine Agreement with MEGA Resources and Bain Global Resources for the Tumblegum South Gold Project. This agreement includes a 50:50 profit-sharing arrangement and provides up to $20 million in working capital from MEGA Resources, reducing the need for dilutive funding. The collaboration aims to commence mining operations in Q1 2026, leveraging MEGA Resources’ expertise and resources. The agreement is contingent on securing an Ore Purchase Agreement, and MEGA Resources will handle compliance and cost management. This strategic partnership is expected to enhance Star Minerals’ operational efficiency and financial stability.
More about Star Minerals Ltd.
Star Minerals Limited is a company in the mining industry, focusing on gold extraction and production. The company is involved in the Tumblegum South Gold Project and collaborates with partners to enhance its mining operations.
Average Trading Volume: 2,143,558
Technical Sentiment Signal: Buy
Find detailed analytics on SMS stock on TipRanks’ Stock Analysis page.