Lion Commits $1 Million To Brightstar Placement As Sandstone Gold Discovery Expands
Closing price · 2026-10-27: $0.815 · +2.52%
Lion Selection Group has committed $1 million to Brightstar Resources’ $82 million placement, adding to its existing $10.6 million investment; its stake is expected to be approximately 2.3% after the raising. The funding is intended to accelerate drilling at Sandstone, where a thick, high-grade Two Mile Hill intercept extends beyond the known deposit and may support resource growth. Brightstar is targeting gold production of more than 200,000 ounces a year by 2029, while first production from its Laverton facility is expected in June 2027.