InvestSMART

Star Minerals Limited (ASX:SMS)

ALERT: Price-sensitive ASX Announcement for SMS
Current share price for SMS : $0.036 -0.008 (-18.18%)+
Announcement
Release
19 Aug 2025 9:15AM
Price at Release
$0.044
Full Release
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Summary
Star Minerals Limited (ASX: SMS) has announced exceptional shallow gold results from its Tumblegum South Gold Project. The company reported strong gold grades from a recent reverse circulation (RC) drilling campaign, which targeted extensions to previously identified mineralisation zones and aimed to expand the known resource. Several high-grade gold intersections were encountered close to the surface, highlighting the project's potential for open-pit development. These results confirm and extend the mineralisation and provide additional confidence for project advancement and possible future mining activities. The announcement underscores Star Minerals' focus on advancing Tumblegum South as a key near-term gold production asset, while continuing to explore broader regional opportunities.
Key Points
  • Star Minerals Limited reports exceptional shallow gold results from its Tumblegum South Gold Project.
  • Recent RC drilling campaign yielded high-grade gold intersections near surface.
  • Drilling aimed to extend mineralisation zones and increase the known resource base.
  • Results confirm and expand existing gold mineralisation.
  • The shallow nature of the gold supports potential for open-pit mining development.
  • The results increase confidence in the project's potential and support advancement plans.
  • Star Minerals remains focused on progressing Tumblegum South as a near-term production asset.
  • The company continues to explore additional regional opportunities.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.