Brightstar Resources starts gold processing at | Mining News

Brightstar Resources starts gold processing at – Mining News

Brightstar Resources has commenced its first gold processing parcel at Genesis’ Laverton Mill in Australia.

The processing started with ore sourced from Brightstar’s high-grade Second Fortune underground mine in Victoria and current stockpiles at Lord Byron.

This initial parcel includes roughly 60,000 tonnes (t) at a blended mine call grade of two grams per tonne of gold.

Brightstar has additionally entered into an ore buy settlement (OPA) with Genesis, permitting the company to ship, sell and course of up to 500,000t at Genesis’ Laverton Mill.

This settlement spans the 2025 calendar yr and the primary quarter of 2026.

The company anticipates constant ore supply to Mt Morgans, making certain common processing parcels and a regular money circulation.

This constant money circulation is predicted to assist Brightstar’s exploration and development plans throughout its Menzies, Laverton and Sandstone Hubs.

Brightstar managing director Alex Rovira mentioned: “The graduation of manufacturing and money circulation in CY25 [calendar year 2025] 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 in manufacturing from April 2025.

“The Fish development, which is presently on schedule and funds, represents Brightstar rising as a multi-mine producer at a time of report AUD [Australian dollar] gold costs. Along with our manufacturing and development actions at the Second Fortune and Fish mines, the company continues to advance our definitive feasibility examine for the restart of operations at our Menzies and Laverton belongings, due for supply early within the June quarter.

“In parallel, our geology team is focused on multi-rig extensional and infill drilling programmes at the Sandstone Gold Project and Cork Tree Well (Laverton Hub), striving to rapidly grow and improve the existing mineral resources and advance the portfolio through the development pathway towards production opportunities.”

Concurrently, mining and haulage actions proceed at Second Fortune and the prevailing stockpiles at Lord Byron, making ready for a second processing parcel at the Laverton Mill.

Additionally, mine site institution workstreams and development actions are ongoing at the Fish underground mine.

The company plans to develop the underground portal in April, with first ore anticipated later within the June 2025 quarter.

Brightstar Resources not too long ago closed the buy of Gateway Mining’s gold rights within the Montague East gold project in Western Australia for A$14m ($9.6m).  

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