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Sentinel Metals Limited (ASX:SNM)

ALERT: Price-sensitive ASX Announcement for SNM
Current share price for SNM : $0.470 -0.125 (-21.01%)+
Announcement
Release
26 Aug 2026 12:35PM
Price at Release
$0.595
Full Release
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Summary
Sentinel Metals Limited has completed the acquisition of the Big Springs Gold Project in Nevada, acquiring 100% of its issued capital from Capricorn Metals Limited. The acquisition, finalized on August 26, 2026, adds a JORC Mineral Resource Estimate of 15.5Mt @ 2.0g/t Au for 1.01Moz of gold to Sentinel's portfolio, boosting its total resource base to nearly 2 million ounces in North America. Sentinel plans an initial 10,000m drilling campaign focusing on high-grade ore extensions, emphasizing the project's substantial exploration potential.
Key Points
  • Sentinel Metals Limited completed the acquisition of the Big Springs Gold Project in Nevada, USA.
  • The acquisition was finalized on August 26, 2026, following shareholder approval and a share placement.
  • Sentinel acquired 100% of the issued capital of Big Springs Project Pty Ltd and its subsidiary, Anova Metals USA LLC.
  • The Big Springs Project hosts a JORC Mineral Resource Estimate of 15.5Mt @ 2.0g/t Au for 1.01Moz of gold.
  • The acquisition enhances Sentinel's resource base to nearly 2 million ounces of gold across North American projects.
  • Sentinel plans to conduct a 10,000m drilling campaign at the Big Springs Project to explore high-grade ore extensions.
  • Historical mining at Big Springs produced approximately 386,000 ounces of gold from seven open pits.
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.