Menzies Mineral Resource increases 22% to 0.7Moz @ 1.5g/t

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Stock Brightstar Resources Ltd (BTR.ASX)
Release Time 11 Dec 2025, 9:37 a.m.
Price Sensitive Yes
 Menzies Mineral Resource increases 22% to 0.7Moz @ 1.5g/t
Key Points
  • Mineral Resource Estimate (MRE) updates at the key Yunndaga and Lady Shenton deposits, significantly improving the quality of the Mineral Resources
  • Menzies Gold Project MRE now 0.7Moz @ 1.5g/t Au, with the Brightstar group MRE exceeding 4Moz @ 1.5g/t Au
  • Mineralisation remains open along strike and at depth at Lady Shenton and Yunndaga, indicating these deposits have significant potential for future Mineral Resource growth
Full Summary

Brightstar Resources Ltd has completed multiple recent reverse circulation (RC) and diamond core (DD) drilling programs at its Menzies Gold Project (MGP), resulting in an update to the Mineral Resource Estimate (MRE) at the key Yunndaga and Lady Shenton deposits. The total Yunndaga resource has grown by 32% to 206koz @ 2.1g/t Au, with the Lady Shenton System increasing by 29% to 352koz @ 1.4g/t Au. Crucially, the higher confidence Indicated category has also shown substantial increases for both deposits, with the Indicated MRE growing by 187% at Yunndaga, to 152koz @ 2.2g/t Au, and by 37% at the Lady Shenton System, to 168koz @ 1.4g/t Au. The upgraded MRE information will feed into the updated Goldfields Definitive Feasibility Study 2.0, which is scheduled for delivery in Q1 CY26. Brightstar anticipates ongoing future resource upgrades across the Goldfields Hub into 2026 as the company continues to advance the Menzies and Laverton project areas for commencement of mining operations in 2026.

Guidance

The Menzies Gold Project Mineral Resource Estimate now stands at 0.7Moz @ 1.5g/t Au, with the Brightstar group Mineral Resources exceeding 4Moz @ 1.5g/t Au.

Outlook

Brightstar looks forward to updating shareholders and the market in the coming months as the company progresses the Goldfields Hub towards production, with a Final Investment Decision targeted in Q1 CY26.