Brightstar Resources Ends September Quarter With Over AU$220 Million in Total Liquidity

MT Newswires Live10-29 08:30

Brightstar Resources (ASX:BTR) ended the September quarter with AU$58.7 million in cash on hand and undrawn net bond proceeds of AU$161.4 million, for total liquidity of AU$220.1 million, according to a Thursday Australian bourse filing.

The company said it incurred AU$35.4 million of expenditure on construction of the Laverton Mill during the quarter.

The Goldfields Project in Western Australia remains on schedule for first gold in June 2027 and is tracking within its approved budget, the filing added.

The pre-feasibility study for the Sandstone project in Western Australia, including a maiden ore reserve, remains on track for delivery in the December quarter, Brightstar Resources said.

Brightstar shares rose past 2% in recent Thursday trade.

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