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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.