Star Minerals Ltd. (AU:SMS) has released an update.
Star Minerals Ltd. has updated its Scoping Study for the Tumblegum South Gold Project, reflecting an increase in gold prices, enhancing project economics and extending the projected gold production targets. The company successfully raised funds through a share placement and a Share Purchase Plan, which will support further scoping and environmental studies, exploration activities, and provide working capital. Management remains optimistic about the project’s value and viability across a range of gold prices, anticipating a single 18-month mining campaign with significant projected cash surpluses.
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