Drilling at Star of the East Project Begins

Star Minerals Limited (ASX: SMS, “the Company” or “Star Minerals”) is pleased to advise that it has mobilised to site and commenced an initial Reverse Circulation (RC) drilling program to explore the potential gold mineralisation and add to the Company’s knowledge of the geology and grade characteristics of its recently optioned Star of the East gold project.

• Star Minerals commences initial reconnaissance drilling at the recently optioned Star of the East project1
• 300m drill program initiated to explore and expand on the historical drilling and mining data
• Drill targeting to explore for potential gold mineralisation based on the historical gold production

Star of the East is an historic high-grade gold mine in the Murchison, first mined in 1897 after discovery by prospectors. The tenement E51/1561 contains remnant evidence of this historic work, including an old shaft. Records indicate that the mine produced around 27,700oz gold1, working along a main lode down to approximately 50m depth.

Star of the East lies only 2.2km from Star Minerals’ Tumblegum South gold project, containing a reported Inferred Resource estimate of 600kt, at a grade of 2.2 g/t Au2.

As initially stated in its IPO prospectus, Star Minerals has remained open to acquiring new assets to build on its inventory. The location of Star of the East is easily supported using the infrastructure and relationships the Company has put in place to work on Tumblegum South. Star Minerals’ timely drilling program at Star of the East demonstrates how the Company is well placed to rapidly examine potential acquisitions to contribute towards improved shareholder value.

The Company’s maiden drilling at Star of the East has been designed to provide further information on the mineralised structures that are present in the area. This work has been designed with the benefit of the results from the Company’s earlier drilling at Tumblegum South, which shares much of the geology and mineralisation styles believed to be present at Star of the East.

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