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Star Minerals Limited (ASX:SMS)

ALERT: Price-sensitive ASX Announcement for SMS
Current share price for SMS : $0.042 0.002 (5%)+
Announcement
Release
14 Jul 2026 9:27AM
Price at Release
$0.040
Full Release
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Summary
Star Minerals Limited issued its Quarterly Activities and Appendix 5B Cash Flow Report for the period ending 30 June 2026, highlighting significant progress in its Tumblegum South Gold Project and the acquisition of a new exploration project in Merredin, Western Australia. The company reported site mobilisation and mining activities at Tumblegum South, with the first mineralised materials stockpiled in preparation for processing. High-grade gold results from extensional drilling have been noted. Additionally, the company secured a new 219km² gold exploration project near Merredin, with plans to focus on exploration and stakeholder agreements. Financially, the report outlines net cash outflows from operating and investing activities, with a cash position of $2,102,662 at the end of the quarter. The company continues to assess further project opportunities and manage its transition from exploration to production.
Key Points
  • Site mobilisation and mining activities commenced at Tumblegum South.
  • First mineralised materials stockpiled for processing at Tumblegum South.
  • High-grade drilling results obtained at Tumblegum South.
  • Acquisition of a 219km² exploration project near Merredin, WA.
  • Net cash outflows reported from operating and investing activities.
  • Quarter-end cash position of $2,102,662.
  • Continued assessment of additional project opportunities.
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.