Brightstar receives mining approval for Lady Shenton deposit in WA

Core Viewpoint - Brightstar Resources has received approval for the mining development and closure proposal for the Lady Shenton open pit, marking a significant milestone in its Menzies gold project development [1][5]. Group 1: Project Details - The Lady Shenton deposit is part of the Menzies gold project located approximately 130km north of Kalgoorlie within the Norseman-Wiluna Greenstone Belt [1][2]. - The Menzies Hub contains mineral resources totaling 589,000 ounces, which is critical for Brightstar's near- to medium-term production strategy [2]. - The Lady Shenton deposit has a resource estimate of 352,000 ounces at a grade of 1.4 grams per tonne (g/t) gold, and it is now considered 'mine ready' following the approval of the Native Vegetation Clearing Permit [3][6]. Group 2: Development Plans - An updated definitive feasibility study (DFS2.0) is underway to assess open-pit development, which may involve a partnership with a Kalgoorlie mill [2][4]. - The company plans to release the updated DFS2.0 and provide a development update and timeline for the Menzies and Laverton gold projects within the current quarter [6]. Group 3: Strategic Positioning - Brightstar Resources aims to become a multi-asset, mid-tier gold producer in Western Australia, leveraging its substantial mineral resources exceeding four million ounces across granted mining leases [6][7]. - The company is positioned as an unhedged gold producer in a favorable gold price environment, with plans to develop both the Goldfields and Sandstone projects [6].