InvestSMART

Star Minerals Limited (ASX:SMS)

ALERT: Price-sensitive ASX Announcement for SMS
Current share price for SMS : $0.041 -0.018 (-30.51%)+
Announcement
Release
19 Mar 2026 8:48AM
Price at Release
$0.059
Full Release
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Summary
Star Minerals Limited announced the completion of its agreement with Catalyst Metals Limited for the sale of the West Bryah copper-gold project. This deal involves a consideration of $2.75 million, which includes $1 million in cash and 230,536 shares of Catalyst Metals. Additionally, Catalyst Metals is making a $1 million strategic placement in Star Minerals. This transaction aims to provide non-dilutionary cash to advance the Tumblegum South Gold Project, which is expected to enter production in early 2026. Star Minerals has secured a Right to Mine agreement and mining approval, and signed a toll treatment agreement with Catalyst Metals for processing at the Plutonic Plant Gold Mill.
Key Points
  • Sale of West Bryah project to Catalyst Metals for $2.75M.
  • Catalyst Metals' $1M strategic placement in Star Minerals.
  • Funds to advance Tumblegum South Gold Project.
  • Expected production start for Tumblegum South in early 2026.
  • Mining approval received and toll treatment agreement signed.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.