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ASX: STN - Saturn Metals

Updated: Apr 19, 2023

Saturn Metals: Is this a game changer – big drill intersections from surface, with grade!


Saturn Metals MD Ian Bamborough on 3AW, 2GB & 6PR Bulls N' Bears Report


Listen to ASX-listed Saturn Metals Managing Director Ian Bamborough talk to Matt Birney on the Bulls N’ Bears Report about Saturn Metals’ multi-million tonne, lowish-grade gold resource that looks like it might have a high-grade mineable core right from surface.



TO LISTEN TO THE SATURN METALS AUDIO INTERVIEW - CLICK BELOW



Saturn Metals’ flagship Apollo Hill gold project takes in a massive chunk of the lucrative Keith Kilkenny sheer zone south out of Leonora that has produced multiple gold mines over time. Apollo Hill is a massive tonnage lower-grade operation, however, more recently Saturn has drilled some stellar intersections that have both width and grade and importantly plenty of them are mineralised from surface or very close to it.



RADIO INTERVIEW - TRANSCRIPT


Matt Birney - Welcome to Bulls N' Bears brought to you today by gold explorer Saturn Metals.


Matt Birney - ASX code: STN. I'm Matt Birney and I'm joined now by the Managing Director of Saturn Metals, Ian Bamborough. Hi Ian.


Ian Bamborough - Hi Matt.


Matt Birney - Okay Ian your Apollo Hill gold deposit near Leonora in WA takes in a massive chunk of the very lucrative Keith Kilkenny shear zone.


Matt Birney - What's their current resource at your Apollo Hill gold project right now?


Ian Bamborough - Yeah we've got just under 1.5 million ounces so 76 million tonnes at 0.6, a big tonnage, heat leach ones you know economies of scale.


Matt Birney - You recently got onto some stellar drill intersections from surface or pretty close to it. I don't know if that changes the game a bit but they've got both grade and width in them.


Matt Birney - What were the best numbers from that latest campaign?


Ian Bamborough - 55 meters at 2.12 from surface including a nice high-grade core again bank from surface. 19 meters at 5.59, 36 meters at 2.34 again from zero meters and another zone in it with nine meters at 8.19 from surface, 52 meters at 1.03 again from surface you know it's a big thick intersection.


Matt Birney - Do you think those results might see an upgrade in the resource grade or even provide a higher grade core that could be mined early from surface is that the sort of plan?


Ian Bamborough - It's definitely a, you know, a higher grade core within that. We will still approach this as a bulk tonnage mining scenario but certainly that material is a lot sweeter.


Ian Bamborough - It is straight into it so it definitely increases the payability of you know any future mining operation.


Matt Birney - And it looks like you might be onto a brand new discovery. I see you stepped out from the Apollo Hill deposit by about 10kms to the southeast and you've hit something that you're calling Orcus just with an air-core campaign.


Matt Birney - What were the best numbers from that air-core campaign at Orcus?


Ian Bamborough - Yeah, decent intersections: 20 meters at 1.44 again with a bit of a sweeter core to it, 8 at 3.37, 4 at 12.95 a little bit further north than that intersection and importantly in some you know really nice looking intrusive rocks in a bit of a different setting, exciting setting.


Matt Birney - Ian Bamborough from Saturn Metals.


Matt Birney - Thanks for joining me on Bulls N' Bears and remember we're only here to give you information not advice which you should of course seek independently.


Matt Birney - I'm Matt Birney and this is Bulls N' Bears.


Outro - For more public company interviews go to the money page on the 6PR, 2GB, 3AW and 4BC websites and click the public companies tab.



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