In 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.
In December 2025, Star Minerals received mining approval for the Tumblegum South Gold Project.
Recent drilling results for the project have included outstanding down hole intercepts from the close spacing infill drilling and a shallow intersection in a hole 120m west of the main area, showing the potential for a pit extension which could increase the current resource. Follow up drilling is planned for this western area during the first quarter of calendar year 2026.
Best results include:
