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Star Minerals Limited (ASX:SMS)
ALERT: Price-sensitive ASX Announcement for SMS
Current share price for SMS : $0.035 -0.016 (-31.37%)+
Announcement
Release
23 Apr 2026 8:29AM
Price at Release
$0.051
Full Release
Summary
During the quarter ended 31 March 2026, Star Minerals Limited signed a gold toll treatment agreement with Catalyst Metals and received final approval for the Tumblegum South Gold Project. Grade control drilling confirmed the continuity and grade tenor, with site mobilisation underway. High-grade results from extensional drilling were reported post-quarter end. The company sold the West Bryah Basin Project to Catalyst Metals, contributing to a strong financial position with $2.912 million in cash at quarter's end. Conditions for the Right to Mine Agreement with MEGA Resources were fulfilled, and aggregate payments to related parties amounted to $55k.
Key Points
- Gold toll treatment signed with Catalyst Metals
- Final approval for Tumblegum South Gold Project received
- Grade control drilling completed
- Right to Mine Agreement conditions satisfied
- Site mobilisation commenced
- High-grade gold results from extensional drilling
- Sale of West Bryah Basin Project to Catalyst Metals
- $2.912 million cash position at quarter end
- Aggregate payments to related parties were $55k.
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.
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