South Star Mining Corp. (TSXV: STS)
Finalizes Acquisition of Santa Cruz Graphite Project
South Star Mining Corp approved to trade on OTC (OTCQB: STSBF)
NI 43-101 Resource Update with 14.9Mt at 2.3% Cg
NI 43-101 Prefeasibility Study and Maiden Reserve Estimate
• Updated Flow Sheet Incorporating Dry Stack Tailings & Codisposal
• Phase 1 & 2 Staged Production
• NI 43-101 Prefeasibility Study & Design
• Updated CAPEX & OPEX
• Detailed Engineering Design for Phase 1 Pilot Plant
Environmental Permits for Phase 1 Operations Approved for 4 Years
Trial Mining License Approved for Phase 1 Operations for 3 Years
Schedule Phase 1 Construction & Commissioning
1.) Jun 2021 – Finalize Phase 1 Detailed Engineering for Construction
2.) Sept 2021 – Mobilize Contractor / Start of Construction
3.) Sept 2022 – Phase 1 Commercial Production
Final Agreement for Graphite Project in Coosa County, Alabama
500-acre Mineral Rights Land Package in Coosa County, Alabama, that includes the past producer Ceylon Graphite Mine
US$28 Million Streaming Agreement with Sprott Resource Streaming and Royalty Corp for the Santa Cruz Graphite Project in Brazil
Phase 1 Construction Begins at the Santa Cruz Graphite Project
Fully Funded for Santa Cruz Phase 1 Construction
Completion of NI 43-101 Technical Report with Maiden Resource Estimate for BamaStar