Saturn Metals (ASX:STN) upgrades Apollo Hill gold resource MRE by 25pc

• Saturn Metals (STN) upgrades the MRE by 25 per cent at its Apollo Hill gold resource in the WA Goldfields
• The updated MRE now stands at 105 Mt at 0.54 g/t gold for 1,839,000 ounces
• It marks the fifth MRE upgrade for the asset, which includes results from the “successful” 142-hole, 11,765-metre extensional and in-fill drilling campaign
• Saturn shifts its focus toward a pre-feasibility study, as the next stage of metallurgical test work kicks off exploring additional recovery and processing refinements
• Shares last traded at 18 cents

Saturn Metals (STN) has upgraded the mineral resource estimate (MRE) by as much as 25 per cent at its Apollo Hill gold resource in the WA Goldfields.

The company reported an updated MRE of 105 million tonnes (Mt) at 0.54 grams per tonne (g/t) gold for 1,839,000 ounces.

The past MRE stood at 76.6 Mt at 0.6 g/t of gold for 1,469,000 ounces.

The fifth mineral resource upgrade includes the assays from the company’s “successful” 142-hole, 11,765-metre extensional and in-fill drilling campaign that was completed after the previous MRE was published.

“The results of our 2023 metallurgical test program have demonstrated the ability to achieve higher gold recoveries across the deposits’ full grade range under an improved heap leach processing scenario,” Saturn Managing Director Ian Bamborough commented.

In the five years, the company has been listed, 140,689 metres of RC and diamond drilling have been completed, with 9.5 ounces of gold added for every metre of drilling.

Saturn shifts its efforts towards a pre-feasibility study, as the next stage of metallurgical test work kicks off to explore any additional recovery and processing refinements.

Shares in Saturn last traded at 18 cents.