BTR commences Fish Mine on schedule and under budget
| Stock | Brightstar Resources Ltd (BTR.ASX) |
|---|---|
| Release Time | 9 Apr 2025, 8:19 a.m. |
| Price Sensitive | Yes |
BTR commences Fish Mine on schedule and under budget
- Successful blasting of the Bonito Portal at the Fish underground mine, a key milestone in Brightstar's Laverton Hub production ramp-up
- First ore production targeted for the June 2025 quarter, adding a second high-grade underground ore source
- Commencement of operations at Fish has occurred on time and under budget
Brightstar Resources Limited (ASX: BTR) is pleased to announce the successful blasting of the Bonito Portal at its Fish underground mine within the Laverton Hub, completed late last week. This milestone, executed on schedule, marks a significant step toward establishing Fish as Brightstar's second high-grade underground mining operation, with first ore targeted within the June 2025 quarter. The Bonito Portal firing follows the completion of ground support and key mining equipment mobilised and commissioned onsite. Site infrastructure is progressing on schedule, with an initial 20 accommodation rooms now available, power station installation underway, and the communications tower under construction. The explosives magazine has been completed allowing for the commencement of underground operations. Haul road upgrades and traffic management systems are established, facilitating ongoing ore haulage of the Lord Byron stockpiles and in readiness for Fish ore production. Additional site services, including pit dewatering and technical offices, are operational. Brightstar's Managing Director, Alex Rovira, commented 'The successful firing of the Bonito Portal at our newest underground mine at Fish, on schedule and under budget, is a key moment as we advance toward becoming a multi-mine gold producer. With infrastructure installation ongoing concurrently with mine development and first ore from Fish on track for June, we're building operational momentum in the Laverton Hub at an opportune time with record gold prices. Fish is targeted to deliver 15kt per month of high-grade underground ore, which when blended with Second Fortune, will underpin Brightstar's CY25 production and cashflows.'
Fish is targeted to deliver 15kt per month of high-grade underground ore, which when blended with Second Fortune, will underpin Brightstar's CY25 production and cashflows.