Over 50% Q-o-Q Production Growth Targeted
| Stock | Brightstar Resources Ltd (BTR.ASX) |
|---|---|
| Release Time | 16 Sep 2025, 9:13 a.m. |
| Price Sensitive | Yes |
Over 50% Q-o-Q Production Growth Targeted
- Underground mining operations on track for significant production growth of +50% in the September quarter
- Group monthly production outlook targeted at 2,400 - 2,800oz per month (annualised equivalent of 29-34koz Au)
- Third processing parcel through Genesis' Laverton Mill exceeded budgeted performance
Brightstar Resources Ltd (ASX: BTR) is pleased to announce the strong production developments at the Second Fortune and Fish Mines located within Brightstar's Laverton Hub. Mining activities are proceeding on schedule with Second Fortune and Fish on track for significant production growth in the September quarter. Underground mining operations at Brightstar's two owner-operator mines - Second Fortune and Fish - are on track for significant production growth of +50% in the September quarter compared to the June Quarter. The Group's monthly production outlook is targeted to be 2,400 - 2,800oz per month (annualised equivalent of 29-34koz Au) at a targeted Group AISC costs range of A$3,800 - A$4,000/oz. The third processing parcel through Genesis' Laverton Mill in August exceeded budgeted performance, with 52kt @ 2.68g/t Au and 91.3% recovery for 4,067oz recovered, representing a 58% increase in reconciled grade vs the previous processing campaign. Fish mining activities are advancing ahead of schedule, with ore production from stoping underway. The Fish Mine adds a second high-grade underground ore source from Brightstar's Laverton Hub, with ore feed from Second Fortune and Fish being delivered into Brightstar's Ore Purchase Agreement (OPA) with Genesis. Second Fortune operation has experienced strong operational improvements in production output and development over recent months. Substantial surface and underground drilling programs are underway at Second Fortune and Fish, targeting mine life extensions and potential for near-mine discoveries at both mines.
Targeted monthly group production of 2,400 - 2,800oz (annualised run rate of ~29-34koz pa) at a targeted group all-in sustaining cost range of A$3,800-A$4,000/oz.