South Star Mining Corp. is pleased to announce the pre-approval of R$29.7 million in debt finance from Banco do Nordeste , a leading regional Brazilian development bank, as well as the approval of the renewal of the simplified environmental license for a period of 4 years for the Phase 1 Pilot Plant Operations for the Santa Cruz Graphite Project in Bahia, Brazil. The C$7.5m financing comprise 100% of the Project debt [...]
South Star Mining Corp. is pleased to announce the issuing of incentive options for 2020 and provide a general project update for the Santa Cruz Graphite Project in Bahia, Brazil. Over the past 12 months, the Company has significantly advanced the Project towards production in 2021. Key accomplishments include: -July 2019: Updating the resource estimate; -January 2020: Submitting the required documentation for the trial [...]
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South Star Mining Corp. is pleased to announce that it has completed a non-brokered, secured convertible debenture placement for an aggregate gross proceeds of C$280,000 . Company insiders took a large percentage of the Placement. Net proceeds from the Placement will be used for advancing project development, approval of licensing, commercial agreements, project finance and general working capital requirements for the [...]
South Star Mining Corp. is pleased to announce that it intends to complete a non-brokered, unsecured convertible debenture placement for estimated aggregate gross proceeds of C$250,000 . Company insiders will take a large percentage of the placement. Net proceeds from the Offering will be used for advancing project development, approval of licensing, commercial agreements, project finance and general working capital [...]
South Star Mining Corp. , further to its February 5, 2020 News Release, has filed a National Instrument 43-101 technical report dated March 18, 2020 and entitled "Updated Resources and Reserves Estimate and Pre-feasibility Study on the Santa Cruz Graphite Project, Bahia, Brazil" . There are no material differences between the mineral resources, mineral reserves or results disclosed in the Report and those disclosed in the [...]
South Star Mining Corp. is pleased to announce the approval of the simplified environmental license for the Phase 1 - Pilot Plant operations for its 100%-owned Santa Cruz Graphite Project located in Southern Bahia, Brazil. The license is valid for 1 year and is renewable on an annual basis. The results of the PFS were announced on February 5th. Phase 1 consists of a pilot plant with the capacity to produce 5,000t of [...]
South Star Mining Corp. is pleased to announce the positive pre-feasibility study results for its 100%-owned Santa Cruz Graphite Project located in Southern Bahia, Brazil. The PFS presents a two-phased approach to production with an after tax NPV5% of US$81.2M, an IRR of 35% and a 4-year payback. The study used the current average basket price of US$1,287 per tonne which was held constant for the life of the project [...]
South Star Mining Corp. is pleased to announce that it has completed and formally submitted the trial mining licensing documents to the National Mining Agency for the construction and operations of a 5,000 tonne/year pilot plant facility at the Santa Cruz Graphite Project . The goal of the GU and pilot plant operations is to prove the economic and technical viability of the Project at a small scale, while also allowing [...]
South Star Mining Corp. is pleased to announce that it has completed and formally submitted the environmental permitting documents to the responsible permitting consortium for the construction and operations of a 5000 tonne/year pilot plant facility at the Santa Cruz Graphite Project. Richard Pearce, President and CEO of South Star, commented: "We are pleased to have completed another big step forward in our march towards [...]
November 12, 2019 - TheNewswire - Vancouver, B.C. - South Star Mining Corp. is pleased to provide additional results from the advanced testing program on concentrates from its Santa Cruz Graphite Project located in the state of Bahia, Brazil. The test work is being carried out by Urbix Resources, LLC at its cutting-edge R&D facility in Mesa, Arizona and incorporates Urbix's advanced purification and exfoliation [...]
Vancouver, B.C. - TheNewswire - September 23, 2019 - South Star Mining Corp. is pleased to provide an update for the advanced testing program on concentrates from its Santa Cruz Graphite Project located in the state of Bahia, Brazil. The test work is being carried out by Urbix Resources, LLC at its cutting-edge R&D facility in Mesa, Arizona and incorporates Urbix's advanced purification and exfoliation technologies. Last [...]