Brightstar Resources Limited Advances Fish Underground Mine: First Ore in September, 500,000-Tonne Ore Deal Fuels Robust Growth and Extended Mine Life Planning
Wednesday, June 18, 2025
at
8:21 am
Brightstar Resources Limited is advancing its Fish Mine project with first ore production set for the September quarter. Surface and underground drilling programs aim to extend mine life and boost resources, reinforcing a promising production ramp-up for investors and entry-level traders alike.
Brightstar Resources Limited has announced significant progress at its Fish Underground Mine in Laverton, with first ore production from stoping targeted for the September quarter of 2025. The company’s owner-operator mining team has maintained its schedule, with advanced underground development and the commencement of surface drilling operations aimed at extending the mine’s life and upgrading its Mineral Resource. Key infrastructure is now in place, including the construction of a 52-room camp and support facilities that will also serve future development plans at a larger open pit project scheduled for operations in calendar year 2026.
The exploration program at Fish has kicked off with eight drillholes totaling 2,620 meters, comprising both reverse circulation and diamond drilling. Among the highlights is a notable intercept of 2.9 meters at 8.20 grams per tonne gold from a depth of 455 meters, indicating that high-grade mineralization remains open at depth. In addition, an underground drilling campaign is scheduled for early in the September quarter to target further extensions along strike and at depth, which could help move Inferred Mineral Resources toward an Indicated classification—an important step in de-risking future mine plans.
Brightstar’s progress at Fish feeds into its Ore Purchase Agreement with Genesis Minerals Limited, which allows the supply of up to 500,000 tonnes of ore through calendar year 2025 and the first quarter of 2026. The company’s strategy includes incorporating these outputs into its broader production and expansion plans, which will be further detailed with the imminent release of the definitive feasibility study for its Menzies and Laverton projects.
Sentiment around the news presents a bullish tone for Brightstar Resources Limited. The successful ramp-up of underground mining and the proactive drilling programs underscore potential for increasing the mine’s capacity and extending its longevity, offering prospects for enhanced production and improved resource estimates. However, more conservative or bearish views may be cautious about execution risks inherent in scaling up exploration and development activities, as well as commodity price fluctuations impacting overall profitability.
Overall, the announcement demonstrates Brightstar Resources Limited’s strong operational momentum and strategic focus on both rapid production commencement and long-term resource expansion, elements that are closely watched by traders and investors interested in gold mining growth opportunities.