The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • 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.

STN by the numbers
More From The Market Online
The Market Online Video

Low IPOs through 2024 doesn’t mean there weren’t any ‘green shoots’

It’s been an undeniably slow year for IPOs, with just 25 fresh-faced debutants joining the Australian stock exchange through floats in 2024.
The Market Online Video

So much to say: The 10 stocks that got investor chins wagging on HotCopper in 2024

With more than seven million users moving through HotCopper forums every year, there’s always bound to be some fireside chats – and some
The Market Online Video

From Zip to Invictus: The 10 most watched stocks on HotCopper forums in 2024

Of the 2,200 entities listed on the ASX in 2024, ten stood out by quite a distance on the HotCopper forums as the
The Market Online Video

Strike Energy was HotCopper’s Most Watched stock in 2024 – and it’s still a ‘fantastic opportunity’

Strike Energy (ASX:STX) w…