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BRIGHTSTAR RESOURCES LIMITED — Interim / Quarterly Report 2017
Oct 30, 2017
64581_rns_2017-10-30_993d8bfc-a54c-41e1-9a85-7f96f45c7611.pdf
Interim / Quarterly Report
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**STONE
RESOURCES
AUSTRALIA
LIMITED**
31
October
2017
**SEPTEMBER
QUARTER
ACTIVITY
REPORT**
**1. Drilling
planned
for
Brightstar
North
project**
Stone
Resources
Australia
Limited
(“SRAL”
or
the
“Company”)
(ASX:
SHK)
is
finalising
plans
to conduct
a
drilling
program
at
the
Brightstar
North
project
(between
Erlistoun
and
Ben
Hur deposit).
The
drilling
program
is
to
further
test
potential
mineralisation
targets
near
Ben
Hur gold
deposit.
The
goal
of
the
drilling
is
to
expand
the
Mineral
Resources
in
the
Brightstar
North
Tenement package
(Ben
Hur
289
KOz,
Cork
Tree
Well
237
KOz,
as
referred
to
in
year
2017
Annual Report
to
Shareholders
and
announced
on
28
October
2016).
First Floor 1/250 Fulham Street, Cloverdale W A 6105 Telephone (618) 9277 6008: Facsimile (618) 9277 6002: ASX Code SHK Email [email protected] website: www. stoneral.com.au ABN 44 100 727 491: ASX Code SHK : Member of AMEC
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**STONE
RESOURCES
AUSTRALIA
LIMITED**
==> picture [331 x 449] intentionally omitted <==
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Area
where
drilling
is
planned
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Figure, BrightStar Northern Leases & area of proposed drilling program
First Floor 1/250 Fulham Street, Cloverdale W A 6105 Telephone (618) 9277 6008: Facsimile (618) 9277 6002: ASX Code SHK Email [email protected] website: www. stoneral.com.au ABN 44 100 727 491: ASX Code SHK : Member of AMEC
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**STONE
RESOURCES
AUSTRALIA
LIMITED**
**2. Ben
Hur
Project
Update**
SRAL
continues
the
development
of
the
Ben
Hur
Project
as
its
main
focus.
The
Company
has
asked
CPC
Engineering
to
provide
quotes
on
a
new
1
million
tonne
per annum
processing
facility
and
a
quote
to
relocate
and
upgrade
its
Brightsar
Treatment
plant to
1
million
tonnes
per
annum.
SRAL
expects
these
quotes
to
be
provided
within
a
4-‐week period.
SRAL
will
update
the
market
when
all
studies
have
been
received
and
finalised.
3. Corporate
The
Company
received
continuous
funding
from
the
parent
entity,
Stone
Resources
Limited, for
exploration
and
working
capital
requirements.
During
the
quarter
the
Company
received approximately
$147,000
from
the
parent
entity.
**4. Tenement
Schedule**
The
mining
tenements
held
by
the
Company
at
the
end
of
the
quarter
and
their
location
can refer
to
the
addendum
to
this
report.
For
further
information,
please
see
other
ASX
announcements
or
email
the
Joint
Company Secretary
at
[email protected].
Yours
sincerely
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Zu
Guo
Fu
Chief
Executive
Officer
First Floor 1/250 Fulham Street, Cloverdale W A 6105 Telephone (618) 9277 6008: Facsimile (618) 9277 6002: ASX Code SHK Email [email protected] website: www. stoneral.com.au ABN 44 100 727 491: ASX Code SHK : Member of AMEC
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**STONE
RESOURCES
AUSTRALIA
LIMITED**
**TENEMENT
SCHEDULE
AS
AT
30
SEPTEMBER
2017**
**GRANTED
TENEMENTS
BRIGHTSTAR
(SOUTH
LAVERTON)**
| LEASE | PROJECT | STATUS | LEASEMANAGER | TOTALSHARES |
|---|---|---|---|---|
| M38/968 | Alpha | Granted | Desert Exploration Pty Ltd | 100 |
| M38/1056 | Alpha | Granted | Stone Resources Australia Limited | 100 |
| M38/1057 | Alpha | Granted | Stone Resources Australia Limited | 100 |
| M38/1058 | Alpha | Granted | Stone Resources Australia Limited | 100 |
| M38/9 | Beta | Granted | Stone Resources Australia Limited | 100 |
| P38/3855 | Beta | Granted | Stone Resources Australia Limited | 100 |
| P38/3856 | Beta | Granted | Stone Resources Australia Limited | 100 |
| P38/3911 | Beta | Granted | Stone Resources Australia Limited | 100 |
| L38/100 | Beta | Granted | Stone Resources Australia Limited | 100 |
| L38/123 | Beta | Granted | Stone Resources Australia Limited | 100 |
| L38/168 | Beta | Granted | Stone Resources Australia Limited | 100 |
| L38/169 | Beta | Granted | Stone Resources Australia Limited | 100 |
| L38/171 | Beta | Granted | Stone Resources Australia Limited | 100 |
| L38/185 | Beta | Granted | Stone Resources Australia Limited | 100 |
| L38/188 | Beta | Granted | Stone Resources Australia Limited | 100 |
| E38/1958 | Gamma | Granted | Stone Resources Australia Limited | 100 |
| E38/2316 | Gamma | Granted | Stone Resources Australia Limited | 100 |
| E38/2364 | Gamma | Granted | Stone Resources Australia Limited | 100 |
| E38/2365 | Gamma | Granted | Stone Resources Australia Limited | 100 |
| E38/2411 | Gamma | Granted | Stone Resources Australia Limited | 100 |
| E38/2668 | Gamma | Granted | Stone Resources Australia Limited | 100 |
| E38/3034 | Gamma | Granted | Stone Resources Australia Limited | 100 |
| E38/3108 | Gamma | Granted | Stone Resources Australia Limited | 100 |
| M38/241 | Gamma | Granted | Stone Resources Australia Limited | 100 |
| M38/549 | Gamma | Granted | Stone Resources Australia Limited | 100 |
| M38/984 | Gamma | Granted | Stone Resources Australia Limited | 100 |
| P38/3817 | Gamma | Granted | Stone Resources Australia Limited | 100 |
| P38/3825 | Gamma | Granted | Stone Resources Australia Limited | 100 |
| P38/3826 | Gamma | Granted | Stone Resources Australia Limited | 100 |
| P38/3827 | Gamma | Granted | Stone Resources Australia Limited | 100 |
| P38/3857 | Gamma | Granted | Stone Resources Australia Limited | 100 |
| P38/3858 | Gamma | Granted | Stone Resources Australia Limited | 100 |
| P38/3859 | Gamma | Granted | Stone Resources Australia Limited | 100 |
| P38/3860 | Gamma | Granted | Stone Resources Australia Limited | 100 |
| P38/3861 | Gamma | Granted | Stone Resources Australia Limited | 100 |
| P38/3905 |
Gamma | Granted | Stone Resources Australia Limited | 100 |
First Floor 1/250 Fulham Street, Cloverdale W A 6105 Telephone (618) 9277 6008: Facsimile (618) 9277 6002: ASX Code SHK Email [email protected] website: www. stoneral.com.au ABN 44 100 727 491: ASX Code SHK : Member of AMEC
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**STONE
RESOURCES
AUSTRALIA
LIMITED**
**GRANTED
TENEMENTS
BRIGHTSTAR
NORTH
(NORTH
LAVERTON)**
| LEASE | PROJECT | STATUS | LEASEMANAGER | TOTALSHARES |
|---|---|---|---|---|
| E38/2452 | Delta | Granted | Stone Resources Australia Limited | 100 |
| E38/2894 | Delta | Granted | Stone Resources Australia Limited | 100 |
| E38/2914 | Delta | Granted | Stone Resources Australia Limited | 100 |
| E38/2921 | Delta | Granted | Stone Resources Australia Limited | 100 |
| L38/154 | Delta | Granted | Stone Resources Australia Limited | 100 |
| M38/346 | Delta | Granted | Stone Resources Australia Limited | 100 |
| M38/917 | Delta | Granted | Stone Resources Australia Limited | 100 |
| M38/918 | Delta | Granted | Stone Resources Australia Limited | 100 |
| P38/4108 | Delta | Granted | Stone Resources Australia Limited | 100 |
| E38/1936 | Epsilon | Granted | Stone Resources Australia Limited | 100 |
| E38/1937 | Epsilon | Granted | Stone Resources Australia Limited | 100 |
| L38/205 | Epsilon | Granted | Stone Resources Australia Limited | 100 |
| L38/206 | Epsilon | Granted | Stone Resources Australia Limited | 100 |
| P38/3937 | Epsilon | Granted | Stone Resources Australia Limited | 100 |
| P38/3951 | Epsilon | Granted | Stone Resources Australia Limited | 100 |
| P38/4114 | Epsilon | Granted | Stone Resources Australia Limited | 100 |
| P38/4115 | Epsilon | Granted | Stone Resources Australia Limited | 100 |
| M38/160 | Epsilon | Granted | Stone Resources Australia Limited | 100 |
| M38/339 | Epsilon | Granted | Stone Resources Australia Limited | 100 |
| E38/2234 | Eta | Granted | Stone Resources Australia Limited | 100 |
| E38/2332 | Eta | Granted | Stone Resources Australia Limited | 100 |
| E38/2361 | Eta | Granted | Stone Resources Australia Limited | 100 |
| M38/1241 | Eta | Granted | Stone Resources Australia Limited | 100 |
| P38/3952 |
Eta | Granted | Stone Resources Australia Limited | 100 |
**GRANTED
TENEMENTS
BRIGHTSTAR
(LAVERTON)**
| LEASE | PROJECT | STATUS | LEASEMANAGER | TOTALSHARES |
|---|---|---|---|---|
| E38/2233 |
Stand-alone | Granted | Stone Resources Australia Limited | 100 |
**GRANTED
TENEMENTS
BRIGHTSTAR
NORTH
(NORTH
LAVERTON)**
| LEASE | PROJECT | STATUS | LEASEMANAGER | TOTALSHARES |
|---|---|---|---|---|
| M38/94 | Hawkes Nest | Granted | Stone Resources Australia Limited | 100 |
| M38/95 | Hawkes Nest | Granted | Stone Resources Australia Limited | 100 |
| M38/314 | Hawkes Nest | Granted | Stone Resources Australia Limited | 100 |
| M38/381 | Hawkes Nest | Granted | Stone Resources Australia Limited | 100 |
First Floor 1/250 Fulham Street, Cloverdale W A 6105 Telephone (618) 9277 6008: Facsimile (618) 9277 6002: ASX Code SHK Email [email protected] website: www. stoneral.com.au ABN 44 100 727 491: ASX Code SHK : Member of AMEC