en.Wedoany.com Reported - Saturn Metals has increased the gold resource at its Apollo Hill project in the Eastern Goldfields of Western Australia to 2.83 million ounces, adding over 590,000 ounces of measured, indicated, and inferred resources, representing a 26% overall increase in the mineral resource estimate. This update further solidifies Apollo Hill's position as one of Australia's largest undeveloped single open-pit gold resources.
The updated mineral resource estimate will support the Apollo Hill definitive feasibility study and serve as the basis for an updated ore reserve, both of which are planned for release later this year. The company confirmed that mineralization remains open in multiple directions, indicating significant resource growth potential, and will continue drilling operations targeting near-surface and lateral extensions.
The high-confidence measured and indicated mineral resource classification increased by a combined 350,000 ounces, bringing this portion to over 2.19 million ounces, now accounting for 77% of the total mineral resource—a proportion that further reduces project risk. The updated mineral resource estimate is based on an additional 367 reverse circulation and diamond drill holes totaling 62,385 meters since July last year. According to company data, an average of 9.46 ounces of gold is recovered per meter drilled.
Saturn Managing Director Ian Bamborough stated that this resource update marks the eighth consecutive resource update for the project and is the largest to date. He noted that increasing the Apollo Hill resource to 2.83 million ounces while improving resource confidence is a significant achievement, further demonstrating the scale and quality of the gold system. He emphasized that the entire mineral resource remains estimated within a single, simple, and large Whittle pit shell, indicating the potential for efficient mining operations through significant economies of scale and a low stripping ratio.
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