Saturn Metals Limited (ASX:STN)

Saturn Metals Limited reported significant advancements in the December 2025 quarter for their Apollo Hill Gold Project in Western Australia. The company delivered a positive Pre-Feasibility Study (PFS) underpinned by a 1.77 Moz Production Target and a 1.58 Moz Maiden Ore Reserve, confirming the project as a long-life bulk gold mining and heap leach processing operation with compelling financial returns. The PFS outlines a base case with a gold price of A$4,300/oz, projecting over A$2.5 billion in EBITDA and a rapid payback within the first 2.3 years of production. The company also highlighted substantial assay results from drilling along the Iris Trend, and a successful A$45 million share placement, which strengthens their balance sheet for ongoing exploration and development. Saturn Metals is focused on delivering a Definitive Feasibility Study and progressing exploration drilling to further unlock value at Apollo Hill.