Star Minerals Optimistic on Tumblegum South Gold

Star Minerals Ltd. (AU:SMS) has released an update.

Star Minerals Ltd has announced promising outcomes from its updated scoping study for the Tumblegum South Gold Project, with potential production targets ranging from 11.8 to 15.9 thousand ounces of gold. The revised study reflects increased gold prices and refined cost estimates, proposing an 18-month mining campaign and projecting an accumulated cash surplus up to $19.6 million. However, the company cautions that further funding and evaluation are required to confirm the project’s economic viability.

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