Brightstar Resources Limited has signed a significant drilling for-equity agreement with Topdrill

Brightstar Resources Limited (ASX: BTR) announced executing a significant drill-for-equity agreement with Topdrill Pty Ltd valued at AU$4 million. This strategic partnership allows up to 50% of future drilling services invoiced by Topdrill to be settled in Brightstar ordinary shares, reinforcing the strong collaboration between the two entities.

The agreement with Topdrill serves as a cornerstone for Brightstar's multi-drill rig exploration program, further propelling the advancement of the consolidated Sandstone Project after finalizing transactions with Alto Metals Ltd and Gateway Mining Ltd. In conjunction with an existing AU$ 1 million agreement, this AU$ 4 million drill-for-equity arrangement significantly bolsters Brightstar's financial capability to execute its multi-hub exploration and development strategy.

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