Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Star Minerals Ltd. ( (AU:SMS) ) has issued an update.
Star Minerals Limited has submitted a Mining Proposal application for the Tumblegum South Gold Project to the Western Australia Department of Mines, Petroleum and Exploration. The project is expected to begin mining in the first quarter of 2026, with the company leveraging rising gold prices. The project is anticipated to be a two-year mining process, with an 18-month single campaign and estimated pre-mining capital costs between A$0.7M to A$1.5M. The project economics are robust across a broad range of gold prices, and the company expects to generate a significant cash surplus from the operation.
More about Star Minerals Ltd.
Star Minerals Limited is a company focused on the development of the Tumblegum South Gold Project, with plans to commence production in early 2026. The company aims to capitalize on high gold prices and has signed a memorandum of understanding with MEGA Resources for mine development and mining.
Average Trading Volume: 1,680,796
Technical Sentiment Signal: Buy
For a thorough assessment of SMS stock, go to TipRanks’ Stock Analysis page.