Brightstar Resources (ASX: BTR) declares maiden Ore Reserves at Laverton underground operations, laying a strong foundation for FY26 production under its Ore Purchase Agreement (OPA) with Genesis Minerals.
- Second Fortune: 52kt @ 3.36g/t Au = 6koz gold
- Fish: 175kt @ 3.23g/t Au = 18koz gold
- Reserves calculated using A$3,500/oz gold price, targeting high-margin ounces.
- Surface & underground drilling to start soon to grow reserves and extend mine life.
- Backed by recent Mineral Resource upgrades:
– Second Fortune: 40koz @ 13.4g/t
– Fish: 49koz @ 4.0g/t (68% M&I) - All capex at Fish complete -first ore expected this week.
- Revenue generation to begin in the September quarter.
- Processed head grade to rise as feed transitions to 100% high-grade underground ore from September.
- A material increase in group Ore Reserves is expected with the upcoming Definitive Feasibility Study release.
Link to the Announcement: Click Here