
October 27, 2022
Star Minerals (ASX:SMS) advances projects in Western Australia, a region the Fraser Institute index has identified as a top mining jurisdiction for investment attractiveness, hosting some of the world’s most significant gold operations. The company owns three gold projects in Western Australia: its flagship project Tumblegum South, the West Bryah project and the recently acquired Star of the East project.
More than 66 gold mines operate throughout Australia, including 14 of the world’s most significant gold operations. Western Australia, where Star Minerals operates, accounts for nearly 70 percent of Australia’s total gold production.
Market analysts have indicated the global mined supply and physical demand for gold appears robust through year-end 2026. Mining projects in Western Australia are poised to capitalise on the state’s potential and benefit from the projected increase in demand.
Company Highlights
- Star Minerals is a gold and copper focused exploration and development mining company with three assets in Western Australia.
- Stage 3 resource-definition drilling has commenced at the company’s flagship project, Tumblegum South.
- The maiden mineral (inferred) resource estimate for the project totals 600,000 tonnes, at a grade of 2.2 g/t gold.
- Star Minerals owns two additional gold assets at varying stages of exploration moving towards development: West Bryah and Star of the East.
- The West Bryah project is a collaboration between Star Minerals and Bryah Resources, with both companies contributing to current exploration campaigns.
- The Star of the East project is a recent acquisition, and the company aims to generate JORC-compliant resource estimates quickly. Initial drilling is currently underway.
- The company is led by an experienced management team with expertise throughout the mining industry, creating confidence in the team’s ability to reach its goals.
This Star Minerals profile is part of a paid investor education campaign.*
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