Saturn Metals Ltd. (AU:STN) has released an update.
Saturn Metals Ltd. has focused on advancing its Apollo Hill Gold Project, targeting the development of a large-scale open pit mine with a 10 Mtpa heap leach processing facility. The company reported progress on a preliminary design for a pilot project, preparations for mining and environmental permitting, and is conducting a prefeasibility study for the full-scale gold project. With a strong cash position of $6.0 million as of March 31, 2024, Saturn is progressing towards the potential extraction and processing of up to 1.2Mt of measured mineral resource, which may yield approximately 24koz of gold.
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