Stockhead

Star Minerals targeting Q1 production

Near-term producer Star Minerals (ASX:SMS) is also targeting production in Q1 2026 at the Tumblegum South project in WA.

The current mine plan envisions production of between 167,000t at 2.43g/t (11,800oz of contained gold) and 255,000t at 2.16g/t (15,900oz).

At a very conservative gold price range from $3000 to $3800 per ounce, this is expected to deliver gross free cash flow of between $9.4m and $19.6m.

Needless to say, returns are likely to be significantly higher given the current gold price.

Paydirt

One of those companies preparing to join the ranks of gold producer later this year is Star Minerals Ltd, which is gearing up to start mining its modest but high-grade Tumblegum South project in Western Australia from next month.

Proactive

Star Minerals Ltd (ASX:SMS) has restarted grade control drilling at its Tumblegum South Gold Project, 40 kilometres south, southeast of Meekatharra, with MEGA Resources coordinating the program.

The drilling campaign is expected to total about 4,000 metres, with 611 metres completed before Christmas.

Stockhead

• Star Minerals resumes 4000m of grade control drilling at Tumblegum South
• The company plans to start mining this quarter under 50/50 profit deal with MEGA Resources
• Gold is trading at near record $6833/oz, well above the $3000-3800/oz range in current mine plan

Mining.com.au

Star Minerals (ASX:SMS) has recommenced grade control drilling at the Tumblegum South Gold Project in Western Australia.

Drilling will consist of approximately 4,000m, with 611m already completed before the Christmas holiday.

MEGA Resources is coordinating the drill program. Managing Director Ashley Jones says that the MEGA geological team has already made significant progress prior to the Christmas break and are now ready to continue the drill program.

The Australian

Star Minerals speeds ahead with Tumblegum South drilling as mining looms

• Mining approvals secured with 611m of 4000m grade control drilling completed
• Closely spaced holes will guide mining process to ensure optimum ore to waste ratio
• Deal with MEGA Resources will see mining start in Q1 2026

Stockhead

• Mining approvals secured with 611m of 4000m grade control drilling completed
• Closely spaced holes will guide mining process to ensure optimum ore to waste ratio
• Deal with MEGA Resources will see mining start in Q1 2026

Cairns Post

Host Tylah Tully sits down with Star Minerals (ASX:SMS) managing director Ashley Jones to discuss the major milestones the company has made - the latest being securing mining approval for its Tumblegum South gold project, setting the stage for production as early as Q1 next year.

The Globe and Mail

Star Minerals Ltd. has received mining approval from the WA Department of Mines, Petroleum and Exploration for its Tumblegum South Gold Project, marking a significant milestone for the company. 

Herald Sun

Star Minerals has secured mining approval for its Tumblegum South gold project, setting the stage for production early next year.