Red Hill Minerals (ASX:RHI) has completed the acquisition of the 2% gross revenue royalty over Brightstar Resources' (ASX: BTR) Sandstone gold Project in Western Australia, according to a Thursday Australian bourse filing.
"Red Hill's purchase of the Sandstone royalty demonstrates our confidence in Brightstar's ability to bring this project into production. Their recently announced drilling results are encouraging, and we look forward to further success by Brightstar," said Executive Chairman Joshua Pitt.