Saturn Metals Limited (ASX:STN) Updates Apollo Hill Gold Resource to Exceed 2Moz
Mineral Resource Update
Saturn Metals Limited (ASX: STN) has completed an updated Mineral Resource estimate for its 100%-owned Apollo Hill Gold Project in Western Australia. The upgraded resource totals 118.7 Mt at 0.53 g/t Au, yielding 2,030,000 oz, surpassing the previous estimate by 190,000 oz.
Drilling and Exploration
The increase includes results from 38 reverse circulation (RC) drill holes totaling 8,780 m and 17 metallurgical and geotechnical diamond drill holes. Drilling is ongoing, representing 13% of the 65,000 m drill program, with further updates expected in late CY2025. The Apollo Hill trend has expanded with potential extending in several directions and exploration continues across a 1,000 km² land package.
Resource Confidence and Classification
The updated estimate has enhanced confidence levels, with Measured and Indicated categories increasing by 161,000 oz to reach 1.15 Moz. The resource includes 63.4 Mt at 0.53 g/t Au classified as Indicated, comprising 53% of the total resource.
Executive Comments
Saturn’s Managing Director, Ian Bamborough, stated, “This Mineral Resource upgrade is the sixth consecutive upgrade for the Company at our flagship Apollo Hill Gold Project. Once again, we have made a significant step forward with the resource under a conventional and efficient bulk mining and heap leach processing trajectory. The Company is continuing to progress the Pre-Feasibility Study on the Apollo Hill Project, which is due to be published later in 2025.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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