Saturn Metals Q2 2026: Milestones at Apollo Hill
Key points
- Execution of Native Title Mining Agreement
- 26% increase in Apollo Hill Mineral Resource to 2.83Moz
- Appointment of Warren Hallam to the Board
Full summary
Saturn Metals Limited reported substantial progress at its Apollo Hill Gold Project in the June 2026 quarter. Key highlights include the execution of a Native Title Mining Agreement with the Wangkatja Tjungula Aboriginal Corporation RNTBC, paving the way for project development. The Mineral Resource increased by 26% to 2.83 million ounces, with the higher-confidence Measured and Indicated Resource now at 2.19 million ounces. Exploration drilling yielded promising results, with significant intercepts north of the main resource. The company also completed a ground gravity survey to enhance exploration targeting. Saturn Metals' cash position stood at $40.4 million at the end of the quarter. The company also divested its non-core West Wyalong Project to focus on advancing Apollo Hill.
Guidance
Mineral Resource increase to 2.83Moz, cash position $40.4 million
Outlook
Saturn Metals is on track to release the Apollo Hill Definitive Feasibility Study and an updated Apollo Hill Ore Reserve later in the year, with continued exploration and development activities planned.
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