Brightstar Resources (ASX: $BTR) enters Scheme Implementation Deed to acquire 100% of Aurumin (ASX: AUN), offering 1 BTR share for every 4 AUN shares valued at ~$0.121/share, a ~21–27% premium.
To support this move, Brightstar has secured $50M via placement at $0.48/share to accelerate growth plans.
The combined group will hold:
- 3.9Moz @ 1.5g/t Au in JORC Resources
- ~$63M cash
- A consolidated 1,600km² landholding in Sandstone
Together, this creates a district-scale open pit development opportunity, with a PFS targeted for 1H CY26.
Link to the Announcement: Click Here