opportunities for future
refurbishment expansion of
the Laverton processing plant
JORC 2012 Mineral Resource
Estimate of 28.5Mt @ 1.6 g/t Au
for 1.46Moz Au
existing landholdings to expand its Mineral Resource,
including prospective tenements
Brightstar and BML Ventures
produced 7,468 oz of gold and ~$6.5m
in profit net to Brightstar from
mining operations at the Selkirk deposit
at Menzies in late 2023/early 2024
Brightstar Resources Limited (ASX:BTR) is an emerging gold development company located in the Laverton and Menzies regions of Western Australia – both internationally renowned mineral provinces.
Brightstar Resources’ Laverton deposits (862koz @ 1.8g/t Au) are located within a 75km radius of the Brightstar processing plant. Brightstar acquired the producing Second Fortune Gold Mine and the Jasper Hills Gold Project (most recently mined in 2020) in June 2023 as a result of the takeover of Linden Gold Alliance.
Other Brightstar deposits in the Laverton District include the Cork Tree Well, Alpha and the Beta deposit which is adjacent to the Brightstar processing infrastructure.
At the Menzies Gold Project, which historically produced 787,200oz at 18.9g/t Au between 1895-1995, Brightstar has a Mineral Resource Estimate of 595koz @ 1.3g/t Au. A successful mining JV between Brightstar and BML Ventures produced 7,468 oz of gold from mining operations at the Selkirk deposit at Menzies in late 2023/early 2024.
Across the Laverton and Menzies Gold Projects, Brightstar’s deposits currently host 1.45m ounces at 1.6g/t Au. The company is looking at low-capex options to increase gold production to 100koz Au per annum in the coming years.