Stockhead
Star Minerals (ASX:SMS) has wrapped up a $1.6m placement as it moves to start drilling to boost resource confidence at Tumblegum South gold project.
Skillings Mining Review
Star Minerals (ASX:SMS) has completed a placement of $1.6 million to further progress its flagship Tumblegum South Gold Project in Western Australia.
In a two tranche placement, the company has received the remaining $850,000 following shareholder approval at its general meeting on 23 May 2025.
CPS Capital Group acted as the lead manager for the placement.
Now a strategic shareholder in Star Minerals, Bain Global Resources is associated with Indian mining contractor BGR Mining and Infra.
Kalkine Media
Star Minerals (ASX:SMS) completes two-tranche placement with support from a new strategic shareholder. Progress underway on mining approvals at Tumblegum South Gold Project in Western Australia. Drilling scheduled to commence in June.
Share Cafe
Funding advances Tumblegum South Gold Project towards 2026 production target.
Star Minerals (ASX:SMS) has successfully completed a $1.6 million placement, earmarked to accelerate development at its Tumblegum South Gold Project in Western Australia. The placement, executed in two tranches, saw the final $850,000 secured after shareholder approval on May 23, 2025. CPS Capital Group managed the placement, which also brought Bain Global Resources, associated with BGR Mining and Infra, on board as a strategic shareholder.
The Australian
Star Minerals has completed the second tranche of a $1.6m placement as it prepares to carry out infill and extensional drilling at its Tumblegum South gold project near Meekatharra, Western Australia.
The company received $850,000 from the second tranche of the placement at 2.5c per share after securing approval from shareholders, completing the raising aimed at progressing Tumblegum South towards a decision to mine.
It also brings Indian private equity giant Bain Global Resources on the company’s register as a new strategic shareholder.
Gold Coast Bulletin
Star Minerals wraps up $1.6m placement as it moves to start drilling to boost resource confidence at Tumblegum South gold project.
Mining.com.au
Stockhead TV
Tylah Tully sits down with Star Minerals (ASX:SMS) managing director Ashley Jones to catch up on the company’s progression to mining in one of the great Australian gold regions.
The Advertiser
Tylah Tully catches up with Star Minerals managing director Ashley Jones on the company’s progression to gold mining.
