Highly successful first milling campaign completed
| Stock | Brightstar Resources Ltd (BTR.ASX) |
|---|---|
| Release Time | 20 Mar 2025, 9:36 a.m. |
| Price Sensitive | Yes |
Brightstar completes first gold pour at Laverton Mill
- Maiden gold pour completed at Genesis Minerals' Laverton Mill
- ~56kt of ore processed at +2.0g/t Au, producing 100.2kg of gold
- Haulage continues from Second Fortune Underground and Lord Byron stockpiles
Brightstar Resources Limited (ASX: BTR) is pleased to announce the successful completion of its maiden gold pour at Genesis' Laverton Mill, with processing of the first parcel commencing last week and concluding early this week. This milestone marks the start of Brightstar's CY25 gold production program, with approximately 56,000 tonnes of ore processed at a blended grade of +2.0g/t Au. The ore was sourced from the high-grade Second Fortune Underground Mine and existing lower-grade stockpiles at the Lord Byron mine. Final metallurgical reconciliation is underway, with results expected in the coming weeks, providing the definitive campaign performance data including feed head grade, recoveries and recovered ounces. This achievement is a critical step in Brightstar's accelerated Laverton production strategy, underpinned by its Ore Purchase Agreement (OPA) with Genesis. Under the OPA, Brightstar will deliver, sell, and process up to 500,000 tonnes of ore through the Laverton Mill from its Laverton Hub across CY25 and into Q1 CY26. With haulage ongoing from Second Fortune and Lord Byron, the Company is well-positioned to supply consistent ore volumes for regular processing parcels, generating steady revenue for the balance of CY25 in support of Brightstar's aggressive exploration and development initiatives across its Menzies, Laverton, and Sandstone Hubs, including a fully funded 100,000m drilling program currently active at Sandstone and Laverton's Cork Tree Well Project.
Brightstar remains debt free and hedge free, with full exposure to the record AUD gold price. The company is firmly on track to deliver sustained production and value growth, with the Fish underground mine development continuing and first ore expected in the June 2025 quarter. Brightstar's Definitive Feasibility Study on the company's wider Laverton-Menzies development strategy is nearing completion and due for delivery in the first half of CY25.