FINWIRES · TerminalLIVE
FINWIRES

ASX:STN

8 stories mentioning ASX:STNUpdated 1d ago

Every FINWIRES story that references ASX:STN, newest first.

Asia

Lion Selection Group to Invest AU$5 Million in Saturn Metals, Taking Stake to 10.5%; Saturn Shares Down 8%

Lion Selection Group (ASX:LSX) committed to invest AU$5 million in Saturn Metals' (ASX:STN) AU$105 million fundraising initiative, according to a Wednesday filing with the Australian bourse.Saturn represents the largest investment in Lion's portfolio, and the latest commitment will take Lion's overall investment in the company to AU$17 million, or a 10.5% stake, per the filing.Additionally, the new financing will see Saturn "funded well beyond completion" of a definitive feasibility study for its Apollo Hill gold project in Western Australia, Lion Selection Group said.Lion Selection shares were about 1% higher in recent Wednesday trade, while Saturn Metals fell 8%.

ASX:LSXASX:STN
Asia

Saturn Metals Secures Key Licenses to Advance Western Australia Gold Prospect

Saturn Metals (ASX:STN) has been granted three key exploration licenses covering the Aquarius Gold Prospect in Western Australia, providing access for follow-up drilling across a 26.5-kilometer-long, drill-defined gold trend located about 30 kilometers southeast of its Apollo Hill Gold Project, according to a Friday Australian bourse filing.The newly granted ground contains historical drilling by Sumitomo Metal Mining Oceania, which delivered high-grade results including 3 meters at 8.51 grams per tonne gold, as well as multiple significant reverse circulation and diamond drill intercepts, including 36 meters at 1.25 grams per tonne gold, per the filing.The company is planning follow-up drilling in the coming months while advancing development of the nearby Apollo Hill project after recently securing its mining lease, the filing added.

ASX:STN
Asia

Saturn Metals Says Western Australia Authorities Grant Mining Lease Near Gold Project

Saturn Metals (ASX:STN) said the 11,700-hectare mining lease 31/496 was granted by the Department of Mines, Petroleum and Exploration in Western Australia, near the Apollo gold project, according to a Tuesday Australian bourse filing.The new mining lease surrounds the existing granted Apollo Hill mining leases 31/486 and 39/296 and "provides the land tenure required to support the continued advancement of the project," the firm's managing director Ian Bamborough said.

ASX:STN
Asia

Saturn Metals Extends Titan Lode at Western Australia Gold Project; Shares Up 3%

Saturn Metals (ASX:STN) reported encouraging new reverse circulation (RC) drilling results from the Titan Lode at its Apollo Hill Gold Project in Western Australia, reinforcing the continuity and near-surface expansion potential of gold mineralization within the system, according to a Wednesday filing with the Australian bourse.Key intercepts include 16 meters at 1.5 grams per tonne gold from 7 meters, including 7 meters at 3 grams per tonne gold from 15 meters, extending the mineralized footprint to around 350 meters of strike, per the filing.The program included 46 RC holes, with results to be included in a future resource update as they were received after the cutoff for the current Apollo Hill estimate, the filing said.The system remains open down-plunge, with additional step-out drilling planned, while a 10,000 meters combined RC and diamond program continues across Titan and Apollo Hill to further test extensions, the filing added.The company's shares jumped almost 3% in recent Wednesday trade.

ASX:STN
Asia

Saturn Metals Raises Mineral Resource Estimate for Western Australia Gold Project

Saturn Metals (ASX:STN) said the mineral resource estimate for its Apollo Hill gold project in Western Australia now stands at 174 million tonnes at 0.5 grams per tonne grade of gold for about 2.8 million ounces, up 26% from the previous estimate of 2.2 million ounces, according to a Wednesday filing with the Australian bourse.The updated mineral resource follows the completion of a 367-hole extensional and in-fill drilling program, and will underpin a definitive feasibility study planned for this year, per the filing.The company said "substantial growth potential" remains at the project, with the mineralization continuing to be open in several directions and drilling still targeting near-surface and lateral extensions.

ASX:STN
Asia

Saturn Metals' 'Strong' Assays From Western Australia Project Continue to Support Mineral Resource Upgrade

Saturn Metals (ASX:STN) received "strong" assay results from recent resource development drilling at its Apollo Hill project in Western Australia, continuing to support its ongoing mineral resource upgrade process, according to a Wednesday filing with the Australian bourse.Reverse circulation and diamond drilling results include 16 meters at 2.5 grams per tonne (g/t) grade of gold from 47 meters, including 5 meters at 7.1 g/t grade of gold from 53 meters, 22 meters at 1.6 g/t grade of gold from 26 meters, including 10 meters at 2.9 g/t grade of gold from 26 meters, and 5 meters at 4 g/t grade of gold from 115 meters, the filing said.The updated mineral resource will support the Apollo Hill definitive feasibility study and an updated ore reserve, set for release later this year, per the filing.

ASX:STN
Asia

Saturn Metals Secures Native Title Mining Agreement for Western Australia Project

Saturn Metals (ASX:STN) secured a native title mining agreement with the Wangkatja Tjungula Aboriginal Corporation RNTBC for the development of the Apollo Hill project in Western Australia, according to a Friday filing with the Australian bourse.Wangkatja Tjungula Aboriginal Corporation is the Registered Native Title Body Corporate for the Nyalpa Pirniku Native Title Holders, recognized as holding the native title rights and interests on the land on which the project is located, the filing said.The agreement supports the grant of Apollo Hill mining lease 31/496, and other future tenements, and paves the way for completion of permitting for the project, per the filing.Shares fell 1% in morning trade on Friday.

ASX:STN
Asia

Saturn Metals Sells West Wyalong Gold Project to Xpedra Resources for Cash, Shares

Saturn Metals (ASX:STN) said it has reached an agreement to sell its West Wyalong gold project joint venture interests and tenements in New South Wales to Xpedra Resources (ASX:XPD) for a combination of cash and shares, according to a Tuesday Australian bourse filing.The company said its 60% joint venture interest in EL8815 has been sold for AU$50,000 in cash and 27.5 million Xpedra shares, while its 100% interest in EL9168 has been sold for 2.5 million Xpedra shares, with all shares subject to escrow periods of three and six months.The transaction is consistent with Saturn's strategic focus on advancing its Apollo Hill gold project in Western Australia toward development, with a definitive feasibility study targeted for completion in the second half of the year, the filing added.The company's shares fell 2% in recent Tuesday trade.

ASX:STNASX:XPD

Track with the FINWIRES app suite

FolioX
FolioX
Track ASX:STN in your portfolio
WheelAI
WheelAI
Analyze ASX:STN options with the wheel strategy
StockInsider
StockInsider
See market sentiment on ASX:STN