Connect with us

Hi, what are you looking for?

Trading Tips

Brightstar Completes Maiden Gold Pour

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.


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

Brightstar’s Managing Director, Alex Rovira, commented“We are thrilled to announce Brightstar’s inaugural gold pour from the Menzies Gold Project, with 38.7kg of gold doré poured yesterday at the Gwalia gold plant.

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.

Click here for the full ASX Release

This post appeared first on
Enter your email address below and we’ll send you our best practices.

    You can unsubscribe at any time. Redstatefoundation respects your privacy and strives to be transparent about our data collection practices. Please read our Privacy Policy and Terms of Use.

    You May Also Like

    Trading Life

    Laura Wong Hon Chan is an interest rate options trader, who is currently a director at Bank of America Merrill Lynch in New York....

    Trading Secrets

    In this episode of StockCharts TV‘s The MEM Edge, Mary Ellen reviews what’s driving the markets higher and what to be on the lookout...

    Trading Secrets

    SPX Monitoring Purposes: Long SPX on 10/10/22 at 3612.39; sold 12/13/22 at 3669.91 = gain 1.59%. Monitoring Purposes GOLD: Long GDX on 10/9/20 at...

    Trading Secrets

    I don’t like it when parts of a puzzle don’t match. You just don’t get a clear picture. As participants in the markets, we...