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Star Minerals Ltd. ( (AU:SMS) ) just unveiled an announcement.
Star Minerals has begun on-site mobilisation at its Tumblegum South Gold Project, with mining contractor MEGA Resources now active on the ground. Early works include topsoil clearing, creation of rehabilitation soil stockpiles and installation of site offices and communications infrastructure.
A blast hole drill rig is due to arrive in early April to provide material for run-of-mine pads and access roads, using waste from the pit. The planned arrival of MEGA Resources’ haulage trucks later in April is set to pave the way for the start of full mining operations, marking a key advancement in bringing the project into production.
The most recent analyst rating on (AU:SMS) stock is a Sell with a A$0.05 price target. To see the full list of analyst forecasts on Star Minerals Ltd. stock, see the AU:SMS Stock Forecast page.
More about Star Minerals Ltd.
Star Minerals Ltd. is an Australian gold-focused mining company listed on the ASX, advancing its Tumblegum South Gold Project in Western Australia. The company is progressing toward active production by engaging mining contractors and establishing on-site infrastructure to support full-scale operations.
Average Trading Volume: 1,513,313
Technical Sentiment Signal: Buy
For a thorough assessment of SMS stock, go to TipRanks’ Stock Analysis page.