Star Minerals Ltd. ( (AU:SMS) ) just unveiled an update.
Star Minerals Ltd. has released an updated scoping study for its Tumblegum South Gold Project, indicating the potential viability of open pit mining and third-party toll treatment. The study outlines the need for further evaluation and funding, estimated between $1.7 million to $3.9 million, to achieve the projected outcomes. The company acknowledges the uncertainty in securing the necessary funding and the potential impact on shareholder value, highlighting the possibility of pursuing alternative strategies such as a sale or joint venture.
More about Star Minerals Ltd.
Star Minerals Ltd. operates in the mining industry, focusing primarily on the exploration and development of mineral properties. The company is involved in projects related to gold and copper, with a notable emphasis on the Tumblegum South Gold Project and the West Bryah Copper Gold Project.
YTD Price Performance: -25.00%
Average Trading Volume: 192,423
Technical Sentiment Consensus Rating: Buy
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