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SMS

Star Minerals Ltd

SPECULATIVE BUY 2026-08-09 Data 34 days old AUD 0.04 Basic Materials - Other Industrial Metals & MiningREDUCE ZONE
ACTIONABLEMethodology gates passed
49

Position levels

Currenttoday
AUD 0.04
Buy <=wait / entry
AUD 0.02
Trim >=take some off
AUD 0.04
Thesis breakLoss of the binding offtake arrangement with MEGA/Bain or Catalyst, a sustained ...
-

Scenario-weighted conviction

ProbabilityScoreContribution
Bull case16%100 / 10016.0
Base case48%62 / 10029.8
Bear case36%10 / 1003.6
Weighted conviction49 / 100 - SPECULATIVE BUY

Top risks

  • First mineralised material mined and ROM stockpiles established at 100%-owned Tumblegum South project
  • Right to Mine agreement with MEGA Resources/Bain for funding/development and toll treatment via Catalyst Metals Plutonic mill
  • Updated production target of 11.8 - 15.9koz gold with scoping cash surplus of A$9.4 - 19.6 million
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Research is for informational purposes only. Not financial advice. All analysis reflects the date of publication.