Fish Mine Production and Exploration Update
| Stock | Brightstar Resources Ltd (BTR.ASX) |
|---|---|
| Release Time | 18 Jun 2025, 8:21 a.m. |
| Price Sensitive | Yes |
Brightstar Advances Fish Mine Towards First Ore Production
- Underground mine development on schedule for first ore in Sept quarter
- Surface drilling underway to target mine life extensions
- Drilling to follow up high-grade intercept at depth of 2.9m @ 8.20g/t Au
Brightstar Resources Limited (ASX: BTR) is pleased to announce the commencement of surface exploration at the Fish mine located within the Laverton Hub. Mining activities are proceeding on schedule with development ore expected in the coming weeks ahead of first stope production on track for the September quarter. In parallel with mining, Brightstar has commenced a surface drilling program with reverse circulation (RC) and diamond drilling (DD) underway, targeting extensions to the known mineralisation and mine life at Fish. The program aims to test deeper targets that sit below the current Mineral Resource, including an area at depth featuring a high-grade intercept of 2.9m @ 8.20g/t from 455m. Exploration success in these shallow holes has the potential to contribute to low-cost additional tonnes to the current mine plan and leverage existing installed mining infrastructure. Following the surface exploration program, an underground drilling program will commence targeting a substantial drill out of deeper mineralisation in order to bring currently Inferred Mineral Resources beneath the mine plan into Indicated classification to de-risk and support inclusion in future mine plans. Underground mine development by Brightstar's owner-operator mining team is advancing on schedule, with over 400m of twin boom jumbo development completed, including Decline and capital development. All requisite infrastructure for the underground operations has also been installed. Ore sourced from Fish, together with existing production from the Second Fortune underground mine, feeds into Brightstar's Ore Purchase Agreement with Genesis, which allows for up to 500,000 tonnes of ore sales through CY25 and Q1 CY26.
Brightstar is targeting first development ore from the Fish mine in the coming weeks ahead of stoping commencing in the September 2025 quarter.