Heliostar targets first gold at Ana Paula project by end-2028, feasibility study due Q2 2027

Heliostar Metals Ltd. said it is keeping its feasibility study for the Ana Paula gold project on track for completion in Q2 2027, with a construction decision targeted for mid-2027 and first gold planned before the end of 2028. Feasibility work is 34% complete. The plant design has been shifted to 2,000 tpd, with comminution sized for 2,500 tpd to preserve a staged expansion option. An updated mineral resource estimate is nearing completion, and metallurgical test work is largely finished, with BIOX pilot testing due within weeks. The financing plan centers on internal cash generation and