Brightstar will be generating steady revenue to fund exploration and development in WA’s Northern Goldfields after its first Laverton mill gold pour. Pic: Brightstar Resources
Brightstar pours maiden gold at Laverton
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- Brightstar pours first gold for CY25 at Genesis Minerals’ Laverton mill
- 56,000t of ore was processed at blended grade of +2g/t gold
- Revenue will support aggressive exploration at Menzies, Laverton and Sandstone hubs
Special Report: Brightstar Resources has successfully completed its maiden gold pour at the Genesis Minerals (ASX:GMD) owned Laverton mill, with around 56,000 tonnes of ore processed at a blended grade of +2g/t.
It’s a significant milestone that marks the start of Brightstar Resources’ (ASX:BTR) CY25 gold production program blending high-grade ore from the Second Fortune underground mine and lower-grade stockpiles at the Lord Byron mine.
The gold pour is also a critical step in the accelerated Laverton production strategy, underpinned by an ore purchase agreement with Genesis whereby BTR will deliver, sell, and process up to 500,000 tonnes of ore through the Laverton Mill from its Laverton Hub across CY25 and into Q1 CY26.
The company is well positioned to supply consistent ore volumes for regular processing parcels, generating steady revenue for the balance of CY25 – particularly considering gold just hit the magical US$3000/oz mark.
The revenue generated will be crucial to support Brightstar’s aggressive exploration and development initiatives across its Menzies, Laverton, and Sandstone Hubs, including a fully funded 100,000m drilling program currently active at Sandstone and Laverton’s Cork Tree Well project.
New gold producer on the block
Final metallurgical reconciliation is underway, with results expected in the coming weeks, providing the definitive campaign performance data including feed head grade, recoveries and recovered ounces.
“We are thrilled to announce the successful completion of our maiden gold pour at the Laverton Mill, marking a key milestone for Brightstar as we execute our CY25 production ramp-up on schedule,” BTR managing director Alex Rovira said.
“This achievement, delivered through our strategic partnership with Genesis, underscores our focus on exploring, acquiring and developing assets with near-term cash flow potential and mineable ounces.”
Development of the Fish underground mine is continuing, with underground portal firing expected in early April, ahead of first ore within the June 2025 quarter.
“With gold production on-going in Laverton and record high gold prices, we continue to develop the Fish underground mine with conviction and on schedule which will shortly add a second high-grade ore source to our Laverton production profile, with first ore expected in the June quarter,” Rovira said.
“With Brightstar’s current production, additional near-term production and DFS study work imminent, the company is firmly on track to deliver sustained production and value growth.
“Our team is excited about the upside we’re building and we look forward to updating the market with the final reconciliations from the first parcel and ongoing processing campaigns as we continue to grow our production.”
The company is also nearing completion of the definitive feasibility study for its wider Laverton-Menzies development strategy, which is due for delivery 1H CY25.
This article was developed in collaboration with Brightstar Resources, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
