Brightstar Resources completes acquisition of Montague East Gold Project

Brightstar Resources Limited (ASX:BTR) has successfully finalized the acquisition of the gold rights at the Montague East Gold project (MEGP) from Gateway Mining Limited (ASX:GML). This strategic move adds significant mineral resources, totaling 2.0Moz Au, to Brightstar's portfolio in Western Australia.

Executive Commentary on Montague East Gold Project Acquisition

Brightstar's Managing Director, Alex Rovira, expressed satisfaction with the completion of the acquisition, stating, 'The completion of the acquisition of the Montague East Gold Project from Gateway achieves the first step in Brightstar's previously announced consolidation plan of the Sandstone district, adding shallow ounces and a meaningful Mineral Resource inventory to our portfolio of advanced exploration, development and producing gold assets in Western Australia. We are working towards mobilising an RC drill rig to the Montague-Boulder and Whistler deposits in late October, which contain ~280koz Au of shallow, largely oxide material. It is our intent to move the Montague East Gold Project swiftly through resource drill-out and feasibility study workstreams to advance this asset towards development. With 2Moz of gold Mineral Resources situated on granted mining leases in the Company, combined with our low capex growth plans and near-term development and production expansion, Brightstar is well placed to maximise value of the portfolio in an all-time high gold price environment. Recent drilling success across the Lord Byron, Fish and Second Fortune deposits has illustrated the immense upside in the Company's projects, as we seek to grow the Mineral Resource and de-risk future development through the DFS underway.'

Summary of Brightstar's Montague East Gold Project Acquisition

Brightstar Resources Limited (ASX:BTR) has successfully completed the acquisition of the Montague East Gold Project, adding 2.0Moz Au to its mineral resource inventory. The acquisition aligns with the company's strategy of advancing multi assets towards near term commercialization. With plans for a drilling program to commence at the MEGP in late October, targeting infill and extensional targets within and proximal to the Mineral Resources, Brightstar aims to swiftly advance this asset towards development. The company's Managing Director, Alex Rovira, highlighted the immense upside in the Company's projects and the potential for growth in Mineral Resources, emphasizing the strategic positioning of Brightstar to maximize the value of its portfolio in the current high gold price environment.