STLLR Gold Secures Mineral Recovery Permit for 225,000-Tonne Hollinger Tailings Sample, Advancing Potential Near-Term Gold Recovery Opportunity
STLLR advances its Hollinger tailings reprocessing project in Ontario following the approval of the province's first Recovery of Minerals permit.
STLLR Gold Inc. (STLR) has obtained a Mineral Recovery Permit under Ontario’s new regulatory framework, granting authorization to excavate and reprocess up to 225,000 tonnes of legacy tailings at the Hollinger Tailings Project. This permit facilitates a large-scale sample program intended to evaluate gold recovery rates, operating performance, material handling, and processing costs under actual field conditions.
The initiative seeks to demonstrate a practical path to near-term cash flow while simultaneously advancing the environmental remediation of the century-old tailings site. The project has secured support from the Wabun Tribal Council, the Ontario Ministry of Energy and Mines, and local municipal officials, underscoring its economic and community benefits.
Next steps involve refining practical processing solutions and execution plans, with a focus on leveraging existing regional infrastructure to establish an economically attractive recovery approach.
STLLR Gold Inc. (STLR) received a permit on November 4, 2026, marking a direct follow-up to the February 2026 inaugural Recovery of Minerals permit and the November 2025 maiden Mineral Resource Estimate, which reported 412,000 oz Indicated. This development represents an incremental step in the technical evaluation phase rather than a commercial or financial breakthrough.
The company is conducting a 225,000-tonne sample program to validate previously disclosed metallurgical assumptions, including a 61.3% cyanide leach rate and an 82.5% flotation recovery, as well as operating cost targets of $17/t. These tests are necessary before committing to larger-scale reprocessing. The news confirms management's stated pathway to de-risking the Hollinger project but does not immediately generate cash flow, secure offtake agreements, or change the capital structure. STLLR Gold Inc. remains in the exploration stage with a fundamental reliance on equity financing and its existing cash burn profile.
STLLR Gold Inc. (STLR) is a Canadian gold developer managing a portfolio of advanced-stage projects located in tier-one jurisdictions, including the Tower, Colomac, and Hollinger assets.
The Tower Gold Project in Ontario serves as the company’s top-priority asset. A Preliminary Economic Assessment (PEA) for the project outlined a 19-year mine life with an average annual production of 273 koz Au, a US$2.5B NPV5%, and a 24.0% IRR at US$3,200/oz. The company is currently advancing toward a Preliminary Feasibility Study (PFS) and Feasibility Study. Recent 2026 drilling at the Jonpol Deposit has delivered high-grade intersections, including 13.00 g/t Au over 22.75 m, as the company targets a strike extension from 400 m to 1,200 m.
The Colomac Gold Project in the Northwest Territories is an option play that featured strong economics in a 2023 PEA, showing a 56.2% IRR and US$1.59B NPV5% at US$2,000/oz. Advancement of this project is currently on hold pending additional funding.
The Hollinger Tailings Project in Ontario is a near-term value play focused on reprocessing historical tailings. The maiden Mineral Resource Estimate (MRE) outlined 412,000 oz Indicated and 93,000 oz Inferred resources. The project benefits from existing regional infrastructure and low upfront capital requirements.