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Brightstar Resources Limited (ASX: BTR) (Brightstar) is pleased to announce further results from the RC infill drilling at the Lord Byron deposit, part of the 293koz Au Jasper Hills Gold Project. The program was completed to infill the existing mineral resource and increase confidence in the geological interpretation, prior to a planned update to the Mineral Resource Estimate (MRE). A concurrent diamond drilling program is almost complete, providing important geotechnical and metallurgical data, as well as crucial structural and geological information to aid the company’s growing understanding of the deposit.

HIGHLIGHTS

The remaining assay results have been received from the ~8,000m Lord Byron infill RC drilling program at the Jasper Hills Gold ProjectThe results returned wide zones of gold mineralisation that contain internal sections of high-grade. Intercepts returned at Lord Byron include:LBRC24049:26m @ 2.69 g/t Au from 120m, including 3m @ 12.4 g/t from 123m, and8m @ 3.48 g/t from 28mLBRC24017:28m @ 2.77 g/t Au from 153m, including 6m @ 6.00 g/t from 172mLBRC24012:29m @ 2.62 g/t Au from 160m, including 1m @ 35.7 g/t from 184mLBRC24013:30m @ 1.97 g/t Au from 143m, including 13m @ 3.18 g/t from 143mLBRC24051:23m @ 2.24 g/t Au from 67m, including 5m @ 7.03g/t from 83mLBRC24011:16m @ 2.01 g/t Au from 140mLBRC24048:1m @ 22.2 g/t Au from 121m, and7m @ 3.32 g/t Au from 132m, and24m @ 1.04 g/t Au from 144mLBRC24047:10m @ 2.31 g/t Au from 109m, and10m @ 1.01 g/t Au from 132mThe program forms part of a Reverse Circulation (RC) and Diamond (DD) drill-out at Jasper Hills, which was designed to increase the resource confidence, improve geological understanding and provide geotechnical and metallurgical data.Assays for an additional 7 completed diamond holes are still pending. The diamond rig is currently on site at Lord Byron completing the final 6 diamond tails, drilled as extensions to RC pre-collar holes.The RC drilling rig is currently finishing the drilling program at the Menzies Gold Project, which is expected to complete in the coming days.

Brightstar’s Managing Director, Alex Rovira, commented“These new Lord Byron assays are particularly exciting. The results have shown the wide intervals of great, open pit mineable gold grades, but also contain discrete zones of high-grade, including in some of the deeper holes, at the base of a A$3,000/oz Au optimised pit shell. These highly encouraging results will feed into updated development studies at the deposit, as outlined in the recent Jasper Hills Scoping Study1.

With successful RC programs now complete at Fish and Lord Byron, the Jasper Hills project is rapidly advancing. Once the RC assays are received from the Fish deposit, attention will turn to geotechnical and metallurgical testwork utilising the diamond core material produced from the drilling program concluding in the coming weeks.

With the current drilling program ending and both rigs soon demobilising, a short drilling break will allow assays to be returned and geological interpretations to be updated, prior to resource updates across the projects. Drilling will then restart, with a large program being planned at the company’s exciting new Sandstone assets set to commence once those transactions complete.

TECHNICAL DISCUSSION

The Lord Byron deposit consists of a ‘Main Zone” of mineralisation associated with the northwest-trending Bicentennial Shear Zone. This 100m-wide zone of shearing hosts the bulk of the mineralisation at the deposit. Additional mineralisation is also present in supergene lodes, and as primary gold in banded iron units (BIF) that have been deflected and truncated by the Bicentennial Shear. The RC drilling program at the Lord Byron totals 54 drill holes for ~8,000m of drilling, with all assays now returned.

An additional diamond program is ongoing, totalling 13 holes for 1,700m (including 7 diamond ‘tails’ drilled as extensions to existing RC drillhole pre-collars). Assays remain outstanding for all diamond holes, with 6 short diamond tails remaining to drill to complete the program.

The purpose of this combined RC and DD program was to infill the resource within optimised open pit shells, provide material for metallurgical and geotechnical assessment, facilitate an upgrade of the MRE to indicated or better classification, and potentially delineate Ore Reserves in conjunction with the Definitive Feasibility Study.

Click here for the full ASX Release

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A violent conflict between rival tribes in Papua New Guinea’s central highlands has resulted in at least 30 deaths, with authorities struggling to restore order near the country’s Porgera gold mine.

On Sunday (September 15), more than 300 shots were exchanged as peace talks between the groups failed.

The clash was fueled by illegal mining and an ongoing land dispute between the Sakar and Piande clans, with the unrest forcing the nearby gold mine to shut down operations to maintain safety.

According to the BBC, Porgera has been a flashpoint for tensions between local groups. It is a significant source of revenue for the country, once accounting for around 10 percent of its annual export earnings

“The deteriorating situation has been caused by illegal miners and illegal settlers who are victimizing traditional landowners and using violence to terrorize local communities,” the news outlet quotes David Manning, Papua New Guinea’s police commissioner, as saying about the situation.

This isn’t the area’s first instance of violence. In 2022, at least 17 people were killed in a shootout between rival clans.

Porgera belongs to the New Porgera joint venture, which is 51 percent owned by Papua New Guinea stakeholders and 49 percent held by an affiliate of Barrick Gold (TSX:ABX,NYSE:GOLD). The Barrick affiliate is a 50/50 partnership between Barrick and China’s Zijin Mining Group (OTC Pink:ZIJMF,SHA:601899), giving each a 24.5 percent stake in the asset.

The mine is one of Papua New Guinea’s largest mining properties, and despite ongoing tribal violence and a landslide in Mulitaka in July, Barrick and Zijin have reported strong performance since operations resumed in December of last year.

However, the ongoing tribal conflict and lawlessness in the area pose a serious threat to its long-term viability.

Manning said that the use of ‘lethal force’ to quell the violence near the mine has already been authorized as security forces attempt to restore order in the region. The government has imposed a curfew and banned alcohol sales in an effort to stem the violence, and security teams have been deployed along the highway leading to the Porgera mine.

Despite the challenges posed by tribal violence and recent natural disasters, Barrick has maintained its commitment to the region, calling for law and order to protect the mine’s status as a tier one asset.

Currently, New Porgera employs 2,500 people, with the majority hailing from the local Porgera and Enga communities.

In January, the mine poured its first gold following the resumption of operations, and by June the mine had completed a throughput performance test, finishing it four months ahead of schedule.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

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International event series Mines and Money is returning to Miami from February 20 to 21, 2025, with “a packed meeting schedule, a forward-thinking conference program, and extensive networking opportunities.”

The two day affair will take place at the James L. Knight Center within the Hyatt Regency Miami, with conference talks and exhibitions simultaneously happening from 7:30 a.m. to 5:15 p.m. EST.

Mines and Money Miami was launched in 2023, while Mines and Money itself has been around for over two decades. The event series takes pride in bringing mining investors and industry professionals together through various meeting programs and activities, along with insightful talks and panels and busy exhibition floors.

Read on for a brief guide on what you should know about Mines and Money Miami.

Connect at Mines and Money Miami 2025

More than 900 industry participants are expected to attend, including over 100 representatives from mining companies. Around 400 investors, mainly from the United Kingdom, the US and Asia, will also be attending the event.

Sample lists of investors and mining companies attending are available on Mines and Money’s website.

In addition to networking opportunities onsite, attendees will be given the experience of meeting investors and fellow industry professionals outside the venue. The conference offers social events at venues such as luxury yachts and riverside terraces with skyline views, at which people can discuss potential collaborations, projects and ideas.

The Mines and Money Miami Connect platform will also return at the upcoming event. This system matches attendees with potential clients who are searching for their solutions and meet their criteria, speeding up the networking process.

The online platform also allows attendees to search potential collaborators by industry, region, product, commodity and much more. Mines and Money says that it led to 988 meetings at the last iteration of the conference.

Mines and Money Miami 2025 conference and exhibitions

Through individual presentations and panel talks, Mines and Money Miami speakers will shed light on the latest market commentary, project updates and insights in mining and investment.

The 2025 conference program boasts 22 speakers from a range of backgrounds, including executives of leading mining companies, investment agencies, consultancies and media and publishing professionals.

The list includes Mike McGlone of Bloomberg Intelligence, Chris Temple of National Investor Publishing, Dr. Sarah J. Ryker of the US Geological Survey, Emily Olson of Vale (NYSE:VALE) and Paul Renken of VSA Capital.

To keep professionals updated on the latest initiatives in mining products, projects and services, Mines and Money Miami 2025 will open its floors to exhibitions from various companies. This will give attendees the chance to ‘speak directly to hundreds of senior mining executives to assess and compare an extensive range of investment opportunities.”

The full list of confirmed exhibitors is available here. Several booths were still available at the time of writing.

Register for Mines and Money Miami 2025 now

Whether you’re a mining professional or an investor, Mines and Money Miami 2025 is a good way to widen your network. Register for a Mines and Money account here to access the full program and available packages.

Mines and Money networking opportunities will also take place at IMARC 2024 in Sydney and Resourcing Tomorrow 2024 in London. More details are available on Mines and Money’s website.

Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

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Mart Wolbert, analyst at Contrarian Codex, shared his latest thoughts on the uranium market, including what’s next for prices and key factors to watch when it comes to supply and demand.

When asked how far the current cycle has progressed, he said that in the context of his ‘stadium’ model, a concept he explained in a previous interview, uranium’s half-time break is almost over.

‘That’s not to say that we won’t have any water breaks in between as the equities pull back and go up. That’s just the nature of the market, it’s the nature of any market. Nothing goes up in a straight line,’ Wolbert said.

‘But I think that it’s very important to look at it in the grand scheme of things. And that is: we have another half to go, and the second half is going to be in my opinion far more exciting than the first as this contracting cycle comes in.’

He also discussed his key takeaways from the World Nuclear Symposium, highlighting how different sentiment is for retail investors versus companies and analysts involved in the uranium sector.

‘It’s absolutely incredible to see the discrepancy between that investor sentiment and just the sentiment of the mood in the room … from the producers, from the people that are very closely associated with all things nuclear, from the analysts that are doing thousands upon thousands of hours of work — they were all enthusiastic,’ Wolbert explained.

He acknowledged the frustrating performance of the uranium equities, but said he remains bullish.

‘The thesis — try as I might at the conference as well, I’ve tried to find a bear case, I’ve tried to really drag the thesis through the mud and try to find things where I could be wrong … but try as I might, I’ve not found a way to join the selloff right now, and I’m getting increasingly, increasingly bullish for what is still to come,’ Wolbert concluded.

Watch the interview above for more of his thoughts on uranium supply, demand and prices.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

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Boeing announced sweeping cost cuts Monday, including a hiring freeze, a pause on nonessential staff travel and a reduction on supplier spending to preserve cash as it deals with a strike by more than 30,000 factory workers.

Boeing factory workers, mostly in the Seattle area, started walking off the job early Friday after overwhelmingly rejecting a tentative labor deal, halting most of Boeing’s aircraft production.

The manufacturer will make “significant reductions” to supplier spending and stop most purchase orders for its 737 Max, 767 and 777 jetliners, CFO Brian West said in a note to staff. It was the first clear sign of how the strike will affect the hundreds of suppliers that rely on Boeing work.

The financial impact of the strike will depend on how long it lasts, but Boeing is focused on conserving cash, West said at a Morgan Stanley conference Friday. He said the company’s new CEO, Kelly Ortberg, wants to get back to the bargaining table right away to reach a new deal.

“We are also considering the difficult step of temporary furloughs for many employees, managers and executives in the coming weeks,” West said.

On Friday, Moody’s put all of Boeing’s credit ratings on review for a downgrade and Fitch Ratings said a prolonged strike could put Boeing at risk of a downgrade. That could drive up the borrowing costs of a manufacturer that already has mounting debt.

Boeing burned about $8 billion in the first half of the year as production slowed in the wake of a near-catastrophic door-panel blowout at the start of the year.

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Britain’s royal family has publicly wished Prince Harry a happy birthday, their first such message since 2021 to mark the milestone of him turning 40.

A post was shared on X and Instagram with the message: “Wishing The Duke of Sussex a very happy 40th birthday today!”

It was accompanied by an image of Harry smiling, and a birthday cake emoji.

An hour later, the post was shared by Prince William and Catherine, Princess of Wales, who added their own message: “Wishing a Happy 40th Birthday to The Duke of Sussex!”

The public well-wishes could come as a surprise with Harry known to be estranged from his brother and having difficult ties with his father, King Charles III.

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    Prince Harry and Meghan, Duchess of Sussex, have been living in California since 2020 after stepping down as working members of the British monarchy.

    Since then relations have been strained, in particular over the release of Harry’s memoir ‘Spare’ which among other bombshells saw Harry call William his “arch-nemesis” and allege he was attacked by him.

    Interactions between Harry and other senior royals have been scant: Harry visited Charles following the King’s cancer diagnosis earlier this year but spent just 45 minutes in his company. He also briefly returned to London to mark the 10th anniversary of his Invictus Games but did not see any of the Windsors during the whistle-stop visit.

    Harry is thought to be spending his 40th with the Duchess of Sussex and their children, Prince Archie and Princess Lilibet. He is then understood to be taking a trip with close friends.

    This week Harry told the BBC in a statement he was “excited” about the milestone, in contrast to turning 30 when he felt “anxious.” He continued: “Whatever the age, my mission is to continue showing up and doing good in the world.”

    The duke also touched upon how fatherhood has changed him, saying: “Being a dad is one of life’s greatest joys and has only made me more driven and more committed to making this world a better place.”

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    A Russian strike on an apartment block in the northeastern Ukrainian city of Kharkiv has injured at least 41 people, with fears others are trapped under the rubble, Ukrainian officials said Sunday.

    Three of those who were injured when a guided aerial bomb hit the 12-story building were children, the head of the Kharkiv city military administration Oleh Syniehubov said.

    At least 14 people have been hospitalized as a result of the strike and one person has been reported missing.

    “There may be people under the rubble,” Syniehubov said. “The search and rescue operation continues.”

    One of the residents refused to evacuate without his dog, Ukraine’s Interior Minister Ihor Klymenko said. “Every life is important to our rescuers, so they rescued both the man and his pet from the smoke-filled apartment on the 12th floor,” he added.

    Video shared online by the minister showed the dog being lifted in the air by one of the emergency cranes before reaching the roof of the building and being received by one of the rescuers.

    The strike sparked a fire on the ninth floor. Three apartments were completely destroyed. Dozens of cars have been damaged from the strike, which also left hundreds of windows shattered.

    “Residents are being evacuated. Specialized, humanitarian, international and Ukrainian organizations are responding to the scene,” Syniehubov said.

    “This is civil infrastructure,” the Ukrainian Parliament Commissioner for Human Rights Dmytro Lubinets said. “Russia massively violates human rights and international humanitarian law. The reaction must be here and now.”

    Kharkiv lies near the border with Russia and has seen frequent attacks since the full-scale Russian invasion began in 2022.

    Ukrainian President Volodymyr Zelensky repeated his call for more military support from allies following the attack.

    “The world must help us defend ourselves against Russian military aircraft and the dozens of guided aerial bombs that claim Ukrainian lives every day,” Zelensky said in a social media post on Sunday.

    “This terror can be stopped. But to stop it, the fear of making strong, objectively necessary decisions must be overcome. Only decisiveness can bring a just end to this war. It is decisiveness that most effectively protects against terror,” he said.

    Ukrainian authorities earlier put the toll from Russian strikes over a 24-hour period at nine, including a man and a woman in their 60s killed in Odesa.

    Zelensky said that over the past week “the Russians have launched around 30 missiles of various types, more than 800 guided aerial bombs, and nearly 300 strike drones against Ukraine.”

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    The Israeli military says that three Israeli hostages whose bodies were recovered from Gaza in December were “most likely” killed as a result of an Israeli airstrike.

    The hostages were two soldiers – Corporal Nick Beiser and Sergeant Ron Sherman – and and civilian man, Eliya Toledano.

    Recovering the hostages captured by Hamas on October 7 is one of the main goals of Israel’s campaign in Gaza and the government is under intense domestic pressure to secure their release.

    The Israel Defense Forces (IDF) said the families of all three were informed Sunday after the conclusion of the investigation, which involved intelligence and operational research efforts and considerations of the security of the hostages.

    “It is estimated that the three were most likely killed as a by-product of an IDF airstrike, during the assassination of the commander of the northern division of Hamas, Ahmed Andor, on November 10, 2023.”

    “This is an estimate with a high probability in view of all the data, but it is not possible to determine with certainty the circumstances of their death,” the IDF said. “This determination is based on the location where their bodies were found in relation to the impact of the attack,” as well as intelligence findings and pathological reports.

    “The investigation shows that the three hostages were held in the tunnel complex where Andor operated. At the time of the attack, the IDF did not have information about the presence of hostages in the compound that was attacked, and moreover, there was information that indicated their location elsewhere.”

    The IDF said that throughout the war, it has not attacked in areas where there are indications or suspicions about the presence of hostages.

    The bodies of the three hostages were retrieved from the tunnel where Andor had been staying on December 14. Later that month Hamas claimed that the three hostages were “killed by IDF weapons.”

    A total of 101 hostages are still being held in Gaza, according to the Israeli Prime Minister’s Office (PMO). 35 of those are believed to be dead.

    Hostage release efforts are ongoing and gained new urgency earlier this month with the discovery of the bodies of six hostages in a tunnel beneath the southern Gaza city of Rafah, including the Israeli-American citizen Hersh Goldberg-Polin.

    US officials are trying to get both sides to agree to a deal first laid out by US President Joe Biden in May. The three-phase proposal pairs the release of hostages with a “full and complete ceasefire.”

    Since then talks have stuttered and both sides have pointed to what they see as glaring holes in the framework, with Israeli Prime Minister Benjamin Netanyahu insisting that Israel’s forces will never leave the stretch along the Egypt-Gaza border known as the Philadelphi Corridor.

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    At least eight people died during a failed attempt to cross the English Channel from northern France, French maritime authorities said Sunday.

    The tragedy occurred Saturday just before midnight when authorities spotted a boat, carrying dozens, in distress near a beach in the northern town of Ambleteuse.

    A French rescue ship was deployed to the area and rescue services offered medical assistance to 53 migrants on the beach, a statement from the French maritime authorities in charge of the Channel and the North Sea said.

    “Despite the emergency care provided, eight people have died,” the statement said.

    No people were discovered during the search at sea, it added.

    Six people were taken to hospital “in relative emergency,” including a 10-month-old baby with hypothermia, Jacques Billant, the Pas-de-Calais prefect, told French media on Sunday. He said that survivors came from Eritrea, Sudan, Syria, Afghanistan, Egypt and Iran.

    The inflatable boat, carrying 59 people, set sail from the beach near the town of Vimont and ran aground soon after, the prefect said. “The boat was clearly torn apart on the rocks,” he added.

    Fifty-one survivors have been taken to a reception center in the city of Toulouse, according to local authorities. The prosecutor’s office in Boulogne-sur-mer has opened an investigation.

    The deaths on Saturday occurred nearly two weeks after a boat carrying migrants ripped apart in the English Channel as they attempted to reach Britain from northern France, plunging dozens into the treacherous waterway and leaving 12 dead, officials said.

    British officials were quick to express sadness over another English Channel tragedy.

    “It’s awful,’’ Foreign Secretary David Lammy told the BBC. “It’s a further loss of life.”

    The new Labour Party government has pledged to crack down on criminal gangs and had discussed with European partners “how we go after those gangs, in cooperation upstream.’’

    Europe’s increasingly strict asylum rules, growing xenophobia and hostile treatment of migrants have been pushing them north. At least 46 migrants had died while trying to cross to the UK this year, said Billant, the Pas-de-Calais prefect.

    At least 137,563 people have reached the United Kingdom after crossing the Channel from France since 2018, according to UK Home Office figures. On Saturday alone, 14 boats carrying 801 migrants reached Britain.

    French coast guard and navy vessels on Saturday rescued 200 people from the treacherous waters in the Pas-de-Calais area, according to a report sent by French maritime authorities in charge of the Channel and the North Sea.

    They said they observed 18 attempts of boat departures from France to Britain on Saturday.

    Other surveillance and rescue operations are underway Sunday along the entire Pas-de-Calais coast amid stormy weather conditions and agitated sea, French maritime authorities said. They warned anyone who tries to cross the Channel on flimsy and overloaded boats and in often difficult weather conditions of “significant risks.”

    In July, four migrants died while attempting the crossing on an inflatable boat that capsized and punctured. Five others, including a child, died in another attempt in April. Five dead were recovered from the sea or found washed up along a beach after a migrant boat ran into difficulties in the dark and winter cold of January.

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    At least 274 inmates have escaped from a prison in Nigeria’s Borno state following heavy flooding, the Nigerian Correctional Service said Sunday.

    “The flood brought down the walls of the correctional facilities, including the medium security custodial center Maiduguri (MSCC) as well as the staff quarters in the city,” the service spokesman Abubakar Umar said in a statement.

    According to Umar, at least 281 inmates managed to escape while they were being transferred to “a safe and secure facility” and seven of them were recaptured later.

    Umar said that the service is aware of escapees’ identities, including their biometrics and made this information “available to the public.”

    The search for the inmates is ongoing, he said.

    This is a developing story and will be updated.

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