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Saturn Metals Limited (ASX:STN)

ALERT: Price-sensitive ASX Announcement for STN
Current share price for STN : $0.485 0.075 (18.29%)+
Announcement
Release
31 Jul 2026 9:07AM
Price at Release
$0.410
Full Release
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Summary
Saturn Metals Limited reported a successful quarter with major advancements in the Apollo Hill Gold Project, including a 26% increase in mineral resources to 2.83 million ounces and execution of a Native Title Mining Agreement. The company completed a significant ground gravity survey and focused on exploration targeting. Saturn also divested its non-core assets to concentrate on Apollo Hill, while strengthening its board with a new appointment. The financial position remains strong with a cash reserve of $40.4 million.
Key Points
  • Saturn Metals Limited achieved a significant increase in the Apollo Hill Gold Project's Mineral Resource, now totaling 2.83 million ounces.
  • A Native Title Mining Agreement was executed, facilitating the project's development progress.
  • Significant drill results indicate potential for further resource growth and development at Apollo Hill.
  • Saturn completed a large-scale ground gravity survey to aid exploration targeting.
  • The company divested non-core assets in NSW to focus on Apollo Hill, while retaining exposure to future exploration through Xpedra Resources.
  • Saturn appointed experienced mining executive Warren Hallam as a Non-Executive Director.
  • The company's cash position at the end of the quarter stood at $40.4 million.
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.