Financial Wire

Brightstar Resources Reports AU$53 Million Gross Revenue From Processing Campaign

-- Brightstar Resources (ASX:BTR) completed and reconciled the final processing campaign under its ore purchase agreement with Genesis Minerals (ASX:GMD), with a record parcel of about 140,000 tonnes at 2 grams per tonne (g/t) gold, recovering about 7,900 ounces, according to a Monday Australian bourse filing.

The company said the campaign returned gold recoveries of over 89%, trending toward the long-term average metallurgical performance of previous processing campaigns, at a gold price of AU$6,758 per ounce for record gross revenue of AU$53 million.

Brightstar said total ore processed under the Genesis agreement since commencement in March 2025 totaled about 400,000 tonnes at 2.2 g/t gold, with an average metallurgical recovery of 88%, and about 24,000 ounces of gold recovered, delivering gross sales proceeds of AU$138 million over the contract.

The company said the completion of the final parcel has fully amortized its existing working capital facility with Ocean Partners, with Brightstar currently carrying no drawn debt.

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