Brightstar Resources (ASX:BTR) | Sandstone Mineral Resource Grows to 2.9Moz
MarketOpen Trading Titan Podcast
Episode: Brightstar Resources Limited (ASX:BTR), Sandstone Gold Project Mineral Resource Estimate Update
Brightstar Resources Limited has released an interim Mineral Resource Estimate update for its Sandstone Gold Project in Western Australia, increasing the total Sandstone Mineral Resource to 69.3 million tonnes at 1.3 grams per tonne gold for 2.9 million ounces, an 18 percent increase.
The update also delivers a 113 percent increase in higher confidence Measured and Indicated classified Mineral Resources, with the updated estimate comprising 1.1 million ounces in the Indicated category. Total Indicated Resources now stand at 24.7 million tonnes at 1.5 grams per tonne gold for 1.1 million ounces.
At the group level, Brightstar's total Mineral Resource has increased to 100 million tonnes at 1.4 grams per tonne gold for 4.5 million ounces.
The interim update incorporates drilling completed before May 2026. Since acquiring the Sandstone Project, Brightstar has completed more than 146,000 metres of drilling, with approximately 60 percent of that drilling now incorporated into the updated Mineral Resource Estimate. Four rigs remain active, with current drilling focused on further converting Inferred Resources at Two Mile Hill Shillington, Indomitable and Bull Oak, which together contain more than 1 million ounces in the Inferred category.
The announcement also highlights resource growth at several deposits, including Bull Oak, which increased 258 percent to 322,000 ounces, Achilles, which increased 126 percent to 224,000 ounces, and Indomitable Camp, which increased 24 percent to 366,000 ounces.
Brightstar states the updated Mineral Resource delivers the first key milestone under its Two Year Strategic Plan to Unlock Sandstone.
The company's next stated milestones include completing the current infill drilling programs, releasing a second Sandstone Mineral Resource Estimate update in Q4 calendar year 2026, delivering the Sandstone Pre Feasibility Study in the December quarter, and completing the maiden Ore Reserve in late calendar year 2026.
This episode is for information purposes only. Nothing in this podcast constitutes financial advice. Listeners should conduct their own research and consider their own financial circumstances before making any investment decision.