Brightstar kicks off maiden Laverton gold pour | Australian Markets

Brightstar Sources has began a gold processing marketing campaign with the company’s maiden gold pour anticipated this week from gold-bearing ore hauled to Genesis Minerals’ Laverton mill.

Brightstar is hauling ore from its high-grade Second Fortune underground mine and current lower-grade open pit stockpiles at its Lord Byron mine below an ore buy settlement.

An estimated 60,000-tonne parcel at a blended grade of 2 grams per tonne (g/t) has been delivered to the Laverton mill for processing.

Administration final 12 months originated an ore buy settlement with Genesis, permitting for up to 500,000t of ore to be processed this 12 months and within the first three months of 2026.

Ore is anticipated to be sourced from the run-of-mine from its working Second Fortune underground mine, current mined stockpiles from its Lord Byron open pit operation at Jasper Hills, together with ore anticipated to be mined within the subsequent few months from its Fish underground project.

The company’s working Second Fortune underground mine has historic manufacturing of an average 10,000 tonnes per thirty days at 3.6g/t and is estimated to contribute 12,000 ounces to fifteen,000 ounces of gold within the marketing campaign.

The Second Fortune mine comprises a mineral useful resource of 165,000t at a very good grade of 10.9g/t gold for 58,000 ounces.

The Fish underground mine is anticipated to contribute a whole 188,000t of ore, which is categorised within the measured and indicated classes of the useful resource at an anticipated 4.4g/t to supply 26,000 gold ounces throughout the subsequent 13 months.

First blast firing at Fish to start the development of the portal and the underground decline for entry is scheduled for April, with materials anticipated to be accessed within six weeks.

Fish additionally has a JORC-compliant useful resource estimated at 225,000t at a stellar 5.7g/t gold for 41,000 ounces.

Stockpiles at Lord Byron comprise about 200,000t going 1g/t gold. Brightstar estimates the mine will add a additional 6000 ounces of the booming commodity to the manufacturing combine.

The graduation of manufacturing and money stream this 12 months is a main milestone for Brightstar as we proceed to ramp up gold manufacturing and mining operations. Second Fortune manufacturing will quickly be complemented by Brightstar’s second underground mine, Fish, as soon as it’s in manufacturing from April.

The company expects to ship common ore parcels to the mill for processing all through the time period of the ore buy settlement. It estimates the continuous money stream acquired throughout the subsequent 12 months will help its aggressive development and exploration plans throughout the company’s Menzies, Laverton and Sandstone hubs.

Brightstar plans to replace the market on the primary processing parcel’s recovered ounces following closing reconciliation within the subsequent 4 weeks.

Within the interim, mining and haulage are persevering with in direction of delivering a second parcel of ore.

Administration signifies it’s pushing full steam forward with its exploration actions, planning to drill more than 100,000 metres with a reverse circulation rig at Sandstone and a additional rig at its Cork Tree Properly.

A definitive-feasibility research is nearing completion for its wider Laverton-Menzies development and is anticipated to stipulate the company’s multi-mine development strategy to grow manufacturing within the close to time period.

The company stays each hedge-free and debt-free and is ideally positioned to benefit tremendously from its full publicity to the present high gold price.

With the price persevering with to growth at elevated ranges close to $4600 per golden ounce in good-old Aussie {dollars}, Brightstar is in an enviable place to money in on the ore buy settlement with Genesis due to the wonderful gold grades within its Second Fortune and Fish underground initiatives.

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