Brightstar Resources (ASX: BTR) has welcomed the successful conclusion of open pit mining activities at the Selkirk Mining JV located near Menzies, conducted by Brightstar’s joint venture partner, BML Ventures.
Haulage activities are ongoing with over 35,000 tonnes of ore already hauled and stockpiled to the surface Run-of-Mine (ROM) Pad at Genesis Minerals’ Gwalia processing plant located immediately south of Leonora, WA. Proactive communications with the Genesis Minerals site team will see toll-treatment commence on the 1st of March, 2024 and conclude at the depletion of the Selkirk ore stockpile onsite at Gwalia resulting in Brightstar’s inaugural gold pours during March 2024.
Minesite rehabilitation has already commenced with the Selkirk waste rock dump (WRD) being shaped and contoured ahead of topsoil and seed placement in line with industry best practices, with demobilisation of BML’s mining fleet to occur progressively in conjunction with rehabilitation activities.
Brightstar’s Managing Director, Alex Rovira, commented “We are delighted to announce that we are soon to join the ranks of Australian gold producers through the toll-treatment of our Selkirk JV ore through the Gwalia processing plant in March 2024.
Our Joint Venture with BML Ventures has been conducted in a safe, productive and professional manner with gold revenues to be split on a 50/50 basis after project cost reconciliations. The JV budget utilised a conservative gold price of A$2,850 per ounce, compared to the current spot price of +A$3,100 per ounce which will provide financial upside to the joint venture.
continue to advance the Link Zone deposits at Menzies as a potential additional small scale mining campaign at Menzies that can be executed contemporaneously with the exploration and development workstreams. Open pit optimisations are currently ongoing in parallel with relevant permitting and approval processes for potential expedited development.
We look forward to sharing news of Brightstar’s inaugural gold pour in March and further activities related to our Pre-Feasibility Study as they occur, including an RC program to commence at Menzies in the near future”.
