Brightstar Resources Limited (ASX: BTR) (Brightstar) is pleased to announce that the first gold bars from processing of ore from the Selkirk Mining JV have been produced, with ongoing gold processing activities at Genesis Minerals’ Gwalia processing plant located near Leonora, WA.
HIGHLIGHTS
Maiden gold pour marks Brightstar’s first gold from the Selkirk Joint Venture at the Menzies Gold ProjectAll ore from Selkirk has been hauled and stockpiled at Genesis Minerals’ Ltd (ASX: GMD) Gwalia ROM PadProcessing and gold pours ongoing, with 50% of net project cashflows to be generated and distributed to Brightstar upon final reconciliation
Our Joint Venture partner, BML Ventures, has confirmed that all ore has been hauled to Gwalia, with project and fleet demobilisation both progressing on schedule. The Selkirk Mining JV been conducted in a safe, productive and professional manner with gold revenues to be split on a 50/50 basis after project cost reconciliations.
We anticipate several more gold pours over the next few weeks, and look forward to updating the market with finalised cashflow updates once all gold revenue and project costs have been finalised for the Selkirk Mining JV.”
This ASX announcement has been approved by the Managing Director on behalf of the board of Brightstar.
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