Brightstar Resources (ASX:BTR) Reports 25% Production Increase and FTV Lode Discovery
Production Update
Brightstar Resources reported a 25% increase in ore production at the Second Fortune mine for the June quarter, totalling 35kt at a grade of 3.29g/t Au.
New FTV Lode Discovery
The company discovered the FTV Lode at Second Fortune, extending the main lode beyond the northern fault. The discovery presents significant in-mine exploration opportunities with weighted average face grades of 4.55g/t Au.
Fish Mine Progress
Ore production at the Fish underground mine is ramping up. The first ore was mined and hauled to Genesis’ Laverton Mill for processing. Fish’s production is expected to contribute to further production uplift in September.
Executive Comments
Andrew Rich, Executive Director – Operations, stated, “Brightstar is pleased to report a strong June 2025 quarter, highlighted by significant progress at the Company’s Laverton operations. Development ramp-up at the Fish underground mine was successfully achieved, while Second Fortune delivered a 25% increase in production rates and performance from the March quarter. In addition, our Second Fortune technical team have confirmed a northern extension to the Second Fortune ore body with the discovery of the FTV Lode beyond the northern fault, which has historically controlled and limited mining in the upper levels of the mine. This represents a material in-mine exploration target for Second Fortune, as it has the potential to increase the ounce endowment per level for low-cost additional production. Excitingly, the existence of the FTV Lode indicates the lateral extents of the mineralisation are unknown, and we plan to test this up dip and down dip to the north of the current mine area with both surface and underground drilling in the coming weeks. These operational milestones are a credit to the capabilities of our development and operational teams and place Brightstar in a robust position to pursue further growth opportunities within and adjacent to our existing operations. The Company remains focused on growing its production profile in line with our recently announced ‘TARGET200’ strategy, targeting +200koz p.a. within 5 years.”
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