Investing News NetworkSeptember 12, 2024Brightstar Resources Ltd (ASX: BTR) (Brightstar) is pleased to announce it has executed a significant drill-for-equity agreement with Topdrill Pty Ltd (Topdrill) which complements the existing arrangement and underpins the strong working relationship between Brightstar and Topdrill.

投资新闻网2024年9月12日Brightstar Resources Ltd（ASX:BTR）（Brightstar）很高兴地宣布，它已经与Topdrill Pty Ltd（Topdrill）签署了一份重要的股权钻探协议，该协议补充了现有的安排，并巩固了Brightstar和Topdrill之间牢固的工作关系。

HIGHLIGHTSBrightstar and Topdrill have executed a drill-for-equity agreement worth $4 million, whereby up to 50% of future drilling services invoiced by Topdrill can be paid in Brightstar ordinary sharesThe agreement with Topdrill cornerstones Brightstar’s multi-drill rig exploration program to aggressively advance the consolidated Sandstone Project post the completion of the transactions with Alto Metals Ltd and Gateway Mining Ltd1This $4 million drill-for-equity arrangement is in addition to an existing $1million agreement with Topdrill and further enhances Brightstar’s financial capacity to deliver on its multi hub exploration and development strategyAt Brightstar’s election, equity issued via the arrangement is to be voluntarily escrowed for six months and will be issued at the 20-Day VWAP on the invoice dateBrightstar’s Managing Director, Alex Rovira, commented“We are pleased to expand materially upon the strong relationship with Topdrill and the existing drill-for-equity agreement, which aligns with our strategic ambition of partnering with tier 1 industry partners as we seek to genuinely build a WA-focused gold exploration, development and production business in a rising gold price environment.The significant investment offers a cost-effective approach to enhance our aggressive exploration plans across Brightstar’s growing gold project portfolio and demonstrates Topdrill's confidence in Brightstar’s team, Brightstar’s assets and development plan.

HIGHLIGHTSBrightstar和Topdrill签署了一份价值400万美元的钻探股权协议，Topdrill开具的未来钻探服务的50%可以用Brightstar普通股支付。与Topdrill Cornertstones的协议Brightstar的多钻机勘探计划，在与Alto Metals Ltd和Gateway Mining LTD1的交易完成后，积极推进合并砂岩项目。这项400万美元的钻探股权安排是与Topdrill现有100万美元协议的补充，并进一步提高了Brightstar的财务能力，以实现其多中心勘探和开发战略。在Brightstar的选举中，通过该安排发行的股权将自愿托管六个月，并将在发票日期20天的VWAP上开具Brightstar的常务董事Alex Rovira，评论道：“我们很高兴与Topdrill建立了良好的关系，并签署了现有的股权钻探协议，这与我们与一级行业合作伙伴合作的战略目标相一致，因为我们寻求在金价上涨的环境中真正建立一个以西澳州为重点的黄金勘探、开发和生产业务。这项重大投资提供了一种具有成本效益的方法，可以增强我们在Brightstar不断增长的黄金项目组合中的积极勘探计划，并表明Topdrill对Brightstar团队、Brightstar资产和开发计划的信心。