27-Oct-2021 [subscription]

STAR Minerals CEO Greg Almond finally got to witness the company’s market debut today, after a few false starts, following the company's successful A$5 million raising.


Global Mining Review

Perth-based Star Minerals, a gold explorer, is set to launch on the Australian Securities Exchange (ASX) with AUS$5 million.


The West Australian [subscription]

Bryah Resources’ gold and copper spin-off Star Minerals has enjoyed a solid start to life as a publicly listed company.

Star was trading at 21.5¢ at 11am, up 7.5 per cent on its 20¢ issue price after raising $5 million in an oversubscribed initial public offering.

Star houses the Tumblegum South project, which hosts an inferred resource of 42,500oz upon a granted mining licence near Meekatharra.


Business News [subscription]

Four Western Australian explorers are preparing to list on the ASX, having launched initial public offerings to raise a combined $34 million.


Western Australia-based Star Minerals is close to launching an initial public offering (IPO) with the goal of funding the development of the advanced Tumblegum South gold project.

According to the company led by Greg Almond, $800,000 has already been pledged and the expectation is that capital raising will continue to grow given the most recent performance in the gold market.

Small Caps

Small Caps’ upcoming IPOs page offers investors a preview of companies that are currently planning to list on the ASX (Australian Stock Exchange) and access to live deals. We include details of the IPO (Initial Public Offering) including company name, ASX code, issue price, capital sought and more. Investors can also view and track the performance of companies that have recently listed.



Star Minerals CEO Greg Almond introduces the company ahead of their IPO [audio interview]


Mining News

STAR Minerals has struck a series of deals, including with Bryah Resources and Bryah’s original parent Australian Vanadium, it believes are sufficient to get it listed, and help fund development of the small Tumblegum South deposit.



Partners Australian Vanadium and Bryah Resources are also progressing with the proposed spin-off of Star Resources that holds a non-core gold exploration asset.

Australian Vanadium Limited will keep a close watch on an aircore drilling program conducted with partner Bryah Resources Ltd (ASX:BYH) at the Gabanintha Project in WA primarily targeting nickel-copper-gold-PGE and additional critical metals.



Greg Almond, CEO of soon-to-be-listed Star Minerals, introduces the gold explorer to Proactive's Andrew Scott. Its flagship asset is Tumblegum South in Western Australia which has an existing resource estimate totalling 600,000 tonnes at a grade of 2.2 g/t Au.