Saturn Metals (STN) 2025 Precious Metals Summit - Zurich summary

Project overview and asset highlights

• Apollo Hill aims to become a major heap leach gold mine in Western Australia, with a 2.24 million ounce resource and 1,000 sq km of exploration ground.

• Strong cash position and majority institutional ownership support ongoing exploration and development.

• All ounces are in a single, low strip ratio pit, with bulk mining advantages and high measured and indicated resource quality.

Operational and economic advantages

• Ore is clean, with gold in quartz, leading to efficient, low-cost heap leach processing and rapid leach times.

• Preliminary economic assessment (PEA) outlines a 10 million ton, 10-year operation producing 122,000 ounces annually.

• All-in sustaining cost estimated at AUD 24/ton, with an operating margin of AUD 21/ton at current gold prices, enabling rapid payback and strong free cash flow.

• Project is positioned as a high-margin, high-volume operation, with PEA and PFS numbers indicating billion-dollar potential.

Technical improvements and exploration results

• Process improvements include high pressure grinding rolls, upgraded crushers, and enhanced stockpile management, boosting recovery rates by 10%.

• The pit is 2.3 km long, with a 1.5 km heap leach pad, and recent drilling has converted more resources to measured and indicated categories.

• Exploration has revealed high-grade shoots and new structural corridors, with infill drilling joining up previously isolated intersections.