And FWIW here’s a timely excerpt from a Stock Head story on...

And FWIW here’s a timely excerpt from a Stock  Head story on renown gold investor, Hedley Widdup’s views on both Brightstar and Alto (so I guess Lion Selection Group is is in on the raise?)

cheers

https://stock head.com.au/resources/money-talks-hedley-widdups-lion-selection-group-searches-for-gold-explorers-with-multiple-exit-points/




Brightstar Resources (ASX:BTR)
Brightstar is another WA gold explorer Widdup views as having the potential to capitalise on their proximity to existing processing infrastructure.
$71 million capped BTR controls a touch under 1.5Moz across two hubs around Menzies and Laverton, where it is moving to a DFS and FID in early 2025.

It already owns a mothballed processing plant, but has demonstrated its willingness to work with hungry mills in the northern Goldfields by processing ore from the Selkirk JV through Genesis Minerals’ (ASX:GMD) Gwalia plant to raise ~$6.5m.
“There’s two names which really jump to mind there, which I think are resources which are close to processing and have that ability to take advantage of other people’s infrastructure at some stage,” Widdup  said.
“One of them is Brightstar, which is (led by) Alex Rovira, and he’s building a really good team around him there.
“He hasn’t been shy about his strategy. They will toll treat or ore sales their way into revenue and they will use that to fund their growth from there.
“I don’t think you could really compare the Brightstar ground (to Antipa) in terms of big blobs of mineralisation. Their mineralisation is smaller and scattered, but quite proximal to existing facilities, so I think there’s similarity from that perspective.
Brightstar seems to be in a position to be able to vend ore from one position or another into this mill or that mill and there’s a couple of them around.”


Alto Metals (ASX:AME) and Great Boulder Resources (ASX:GBR)


Widdup also thinks Alto and Great Boulder resources fit into the ‘multiverse’ theme when it comes to realising value from their resource base.
Alto boasts 832,000oz of open pittable resources around the historic Sandstone gold field in WA’s Mid West while Great Boulder is not far away on the doorstep of the WA town of Meekatharra, with GBR’s 668,000oz Side Well deposit in the neighbourhood of seriously acquisitive mid-tier gold miner Westgold Resources (ASX:WGX).
“Alto, I suspect, is pretty close to threshold if not past it to be able to justify its own project,” Widdup said.
“Great Boulder might have a little way to go but there’s a hell of a lot more smoke there within their footprint that looks like it’ll turn into fire before too long.”