Brightstar receives mining approval for Lady Shenton deposit in WA

Brightstar Resources has secured support from Western Australia’s (WA) Department of Mines, Petroleum and Exploration (DMPE) for the mining improvement and closure connection concerning the Lady Shenton unfastened pit.

The plus is portion of the Menzies golden task wrong the Goldfields Hub.

The Menzies golden task is located astir the municipality of Menzies, astir 130km northbound of Kalgoorlie, wrong the Norseman-Wiluna Greenstone Belt.

The tract is accessible via the Goldfields Highway and a web of well-maintained exploration tracks. The Menzies Hub contains mineral resources amounting to 589,000oz and plays a important relation successful Brightstar's near-to-medium-term accumulation strategy.

The Lady Shenton System and Link Zone person seen important mineral assets estimation upgrades, with a definitive feasibility survey (DFS) nether mode to measure open-pit development, perchance successful concern with a Kalgoorlie mill.

For Brightstar Resources, the support from the DMPE marks a large milestone arsenic it prepares to commence mining operations astatine the site. The Lady Shenton deposit has been deemed 'mine ready' pursuing the support of the Native Vegetation Clearing Permit (NVCP).

With a assets estimation of 352,000oz astatine 1.4 grams per tonne (g/t) gold, the open-pit deposit is acceptable to beryllium mined and transported to Brightstar Resources’ projected carbon-in-leach processing works successful Laverton.

The updated DFS (DFS2.0) volition incorporated revised excavation plans for some the Yunndaga Underground and Lady Shenton projects.

Brightstar Resources managing Director Alex Rovira said: “We are pleased to person support for the Mining Development and Closure Proposal for the open-pit improvement of the Lady Shenton excavation successful Menzies. This signifies a cardinal milestone for the improvement of our Menzies assets, which, erstwhile successful operation, volition correspond the archetypal mining to hap since the palmy Selkirk mining JV [joint venture] successful 2024.

“Lady Shenton is present ‘mine ready’ and represents a low-capex, high-margin deposit for Brightstar that complements the broader Goldfields Hub development. We look guardant to releasing the updated DFS2.0 and providing a improvement update and timeline for the Menzies and Laverton golden projects this quarter.”

The institution is said to beryllium strategically positioned arsenic an unhedged golden shaper successful a favourable golden terms environment, with plans to make some the Goldfields and Sandstone projects.

It aims to go a multi-asset, mid-tier golden shaper successful WA, leveraging its important mineral resources, which transcend 4 cardinal ounces crossed granted mining leases.