FROM * IN TODAYS AUSTRALIAN
SATURN METALS (ASX:STN)For a bit more of a pure-gold play, Lion Selection Group also has an investment in Saturn Metals, the owner of an enormous low-grade gold resource in Western Australia, at the Apollo Hill project."It's about 50km from Leonora, a place where people talk about gold consolidation, but I don't think Saturn plays a role in that at all," Widdup said."I think Saturn has a very, very individual future there given what they have done in the last 12 months, which is demonstrate that the metallurgy on this low-grade resource is exceptionally well suited to heap leach processing and that provides a very, very low processing cost."Saturn's project is very interesting and if it in the North American market, it would be capitalised well over 100 million bucks but here in the Australian market, it's a little bit misunderstood.
"That said, it's got a register of fabulous institutions, several out of the North American market funnily enough, and a very competent team of managers."
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