HIGHLIGHTS
With the addition of the Second Fortune Gold Mine and the near-term Jasper Hills Project (consisting of the Fish and Lord Byron deposits) via the merger with Linden Gold Alliance4 resulting in the growth of the Mineral Resource in the ‘Laverton Hub’ to 862koz at 1.8g/t Au, Brightstar has identified a streamlined development pathway which will focus on advancing the Laverton Hub to support its ambition of becoming a meaningful gold producer.
Brightstar’s Managing Director, Alex Rovira, commented “With the integration of the Linden Gold team and assets into the Brightstar business, it is prudent to reflect on the combined scoping studies previously released to the market and outlined in the Merger Presentation5 which articulated Brightstar’s mining operations initially commencing at Menzies ahead of a transition to the Laverton Hub to reduce capital requirements.
With the combination of the Brightstar and Linden assets, it is logical to consolidate and prioritise the Laverton Hub given the logical operational and geographic synergies potentially generating meaningful gold production from a single operational hub, with the Menzies assets to be developed separately to build Brightstar into a multi-asset gold producer in 2025.”
Next Steps
Brightstar will continue to progress the Definitive Feasibility workstreams, with advice, gap analyses and cost variations received from key consultants to upgrade the previously announced PFS workstreams into definitive feasibility study levels of accuracy.
Information from ongoing drilling programs will continue to feed into feasibility workstreams, with two Reverse Circulation (RC) drills presently at the Lord Byron and Fish deposits at the the Jasper Hills Project, with the Diamond rig at Second Fortune Gold Mine completing the final three holes targeting orebody extensions at depths ahead of mobilising to Fish.
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