The West Australian
Forrestania Resources has declared its takeover bid for Zenith Minerals unconditional after securing a controlling 58.99 per cent stake, clearing the way for a bigger WA gold business. The move positions Forrestania to fold Zenith’s assets into its hub-and-spoke gold strategy centred on Edna May and Lake Johnston. In a separate development, the company has also secured 400,000 tonnes of ore feed from Star Minerals’ Tumblegum gold mine, near Meekatharra.
Australia's Mining Monthly
Up to 400,000t will go through the Edna May mill over two years
[Subscription required]
The Age
MiningNews.net
Geraghty going great distances to feed Edna May.
Australian Mining
Forrestania Resources has signed a 24-month deal to buy and process up to 400,000 tonnes of ore from Star Minerals’ Tumblegum South gold project at its Edna May plant.
Under the ore purchase agreement, Forrestania will arrange and pay for the haulage of Star’s stockpile, about 84,000 tonnes sitting on the run-of-mill pad, in batches of at least 50,000 tonnes. Star will pay a one-off $50,000 plant access fee. The agreement has a cap on total tonnes, minimum and maximum campaign sizes, and no conditions precedent.
Middle
Star Minerals has secured a 24-month Ore Purchase Agreement with Forrestania Resources for up to 400,000 tonnes of Tumblegum South mill feed. Haulage of the first batch is scheduled to begin on 23 October, putting the company’s planned first gold pour closer to an operational test.
Star Minerals has completed mining to 445mRL at Tumblegum South, with mineralised material stockpiled and awaiting transport to the mill. The next test is whether drilling, processing and a cash balance covering an estimated 2.09 quarters can carry the project into production.
Orecast Intelligence
Star Minerals (ASX: SMS) has completed mining to 445 metres Relative Level at its Tumblegum South Gold Project in Western Australia, with mineralised material now stockpiled on the run-of-mine pad awaiting transport to Catalyst Metals' processing facility.
The September quarter update marks the transition from mining to processing for the junior gold developer. Mining contractor MEGA Resources has paused operations following completion of the initial pit design, with stockpiles built in preparation for first processing under the company's toll milling agreement with Catalyst Metals (ASX: CYL).
Bell Wire
Star Minerals (ASX: SMS) has completed mining to the 445-metre relative level at its Tumblegum South gold project in Western Australia, with mineralised material now stockpiled on the run-of-mine pad awaiting transport to Catalyst Metals' processing facility.
Wholesale Investor
Most junior gold explorers spend years and shareholder capital chasing a resource that may never materialise. Star Minerals skips that risk, it already holds a defined 45,000-ounce JORC resource at its Tumblegum South project in Western Australia, with mining under way and first gold production targeted for the second half of 2026.