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Saturn Metals Limited (ASX:STN)

ALERT: Price-sensitive ASX Announcement for STN
Current share price for STN : $0.420 -0.175 (-29.41%)+
Announcement
Release
3 Jun 2026 8:55AM
Price at Release
$0.595
Full Release
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Summary
Saturn Metals Limited has announced a substantial increase in its Apollo Hill Gold Resource, which has grown by 590,000 ounces to a total of 2.83 million ounces, marking a 26% increase from previous estimates. This growth has been driven by successful drilling and enhanced geological understanding, with the majority of the resource now classified as Indicated Mineral Resource, thereby increasing the project's confidence and reducing associated risks. The updated resource will underpin ongoing studies and future mining operations, and the mineralisation remains open, indicating further potential for expansion.
Key Points
  • Apollo Hill Gold Resource increased by 590,000 ounces to 2.83 million ounces.
  • 26% growth achieved, with confidence in resource classification increasing.
  • 74% of the resource now classified as Indicated Mineral Resource.
  • Significant growth potential remains, with mineralisation open in several directions.
  • The updated resource forms the foundation for the current Definitive Feasibility Study.
  • Achieved with 299,289 m of drilling, returning 9.46 ounces of gold per metre drilled.
  • Continuous improvement in geological, mineralisation, and resource modelling.
  • Victory in further defining and expanding the Apollo Hill gold deposit.
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.