Laverton mines deliver record processing campaign
| Stock | Brightstar Resources Ltd (BTR.ASX) |
|---|---|
| Release Time | 2 Dec 2025, 9:09 a.m. |
| Price Sensitive | Yes |
Laverton mines deliver record processing campaign
- Fourth processing campaign under Ore Purchase Agreement with Genesis Minerals now complete
- Record processing parcel of 83kt at 2.84g/t Au for ~6,300oz recovered
- Discovery of high-grade 'FTV Lode' at Second Fortune extends total orebody strike +30% and remains open
Brightstar Resources Ltd (ASX:BTR) has announced the successful completion of its fourth processing campaign under the Ore Purchase Agreement with Genesis Minerals Limited (ASX:GMD). The November 2025 campaign delivered approximately 83kt of ore grading 2.84g/t Au, producing an estimated ~6,300oz of recovered gold, representing both the highest tonnage and highest contained gold parcel Brightstar has processed since the commencement of the agreement. The result was driven by continued strong performance from Brightstar's underground Laverton operations, including contributions from the newly discovered high-grade 'FTV Lode' at the Second Fortune mine. The FTV Lode represents a meaningful new discovery at the northern extent of the known Second Fortune orebody, extending the total strike length by over 30% and exhibiting some of the highest grades encountered to date, with face sampling assays reporting up to 67.4g/t Au. Brightstar has commenced an underground diamond drilling program at Second Fortune to systematically define and expand the FTV Lode, which presents an immediate opportunity to introduce low-capital, high-margin ounces that extend well beyond the current life of mine plan.
Brightstar remains fully exposed to the current spot gold price. The company had record monthly ore sales in October 2025 of 36kt at 2.8g/t Au for ~3,200oz (annualised ~38kozpa).
Brightstar will provide further updates on the November processing parcel reconciliation and continue mining and haulage activities from Second Fortune and Fish in preparation for a fifth processing parcel, anticipated for Q1 CY26. The drill out of Second Fortune and the FTV Lode has commenced, with Mineral Resource and mine plan upgrades targeted for Q1 CY26.