May 2026: Drill and blast commenced at the project, with the first waste material being mined.
April 2026: Site mobilisation commenced and results from extensional drilling were released, with the results demonstrating potential for further shallow, high-grade gold mineralisation.
March 2026: Grade control drilling results from drilling overseen by MEGA Resources were released. Results confirmed the excellent continuity and expected grade tenor of the mineralisation. Reverse Circulation (RC) grade control drilling is undertaken to define the ore body prior to mining and is also used to confirm the grade of the ore when mining has commenced. Grade control drilling is drilled at relatively shallow depths and with tighter patterns than exploration drilling.
February 2026: Star Minerals signed a gold toll milling agreement with Catalyst Metals (ASX: CYL).
November 2025: Star Minerals signed a Right to Mine Agreement for mine development and mining with mining entity MEGA Resources. The Right to Mine agreement grants MEGA Resources the mining contract for Tumblegum South under arms’ length, commercial terms and provides for a 50:50 profit share arrangement between Star Minerals and Bain Global Resources, (following the recovery of costs incurred by Star Minerals and MEGA Resources). Bain Global Resources will provide working capital up to $20 million via MEGA Resources, reducing Star Minerals’ need for funding through dilutive share issuances or higher risk debt structures.
December 2025: Star Minerals received mining approval for the Tumblegum South Gold Project.
Drilling results for the project have included outstanding down hole intercepts from the close spacing infill drilling, a shallow intersection in a hole 120m west of the main area, extensional drilling results built on this intersection and demonstrated strong potential to grow shallow high-grade gold mineralisation beyond the current pit design.
Best down hole intercept results include:
