Brightstar highlights low capex path to production at Menzies and Laverton
September 06, 2023 at 02:41 pm
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Brightstar Resources Ltd (ASX:BTR) MD Alex Rovira talks Proactive through the positive findings of a scoping study for the 100%-owned Menzies and Laverton gold projects in Western Australia. Initial mine production will target approximately 5.28 million tonnes at 2 grams per tonne gold for 322,617 ounces over approximately eight years. He says the staged mine plan provides early cashflow from the Menzies Gold Project to organically fund the restart of the Laverton Gold Project. Total project pre-production capital has come in at approximately $22 million.
“It is pleasing to announce the results of our scoping study, which outlines a low-capital pathway to production from our assets,” Rovira said.
“We have delineated four key deposits within our Menzies & Laverton gold projects which will deliver an executable 8+ year LoM plan which will result in Brightstar becoming a meaningful gold producer in the WA Goldfields.”
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
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Brightstar Resources Limited is an Australia-based gold exploration and development company. The Company owns 100% of the Laverton Gold Project and the Menzies Gold Project. Its Cork Tree Well Project is located approximately 35 kilometers (km) north of Laverton on the Bandya Station Road and is serviceable via an unsealed track three km west of the Bandya Road. Cork Tree Wellâs mineral resource is hosted within the narrow greenstone belt linking the Laverton and Duketon greenstone belts. Its Beta Project Mineral Resource is centered on the Burtville Shear that trend from near Sunrise Dam to Burtville. Its Alpha Project is located approximately 35 km west of Laverton, and 15 km from the Brightstar Plant. The geology of Alpha comprises foliated basalt and mafic schist. The Menzies Gold Project is located along the western margin of the Menzies greenstone belt. The Menzies Gold Project covers a contiguous land package over a strike length in excess of 15 km.