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Brightstar Resources Limited (ASX:BTR)

ALERT: Price-sensitive ASX Announcement for BTR
Current share price for BTR : $0.315 -0.12 (-27.59%)+
Announcement
Release
18 Mar 2026 8:21AM
Price at Release
$0.435
Full Release
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Summary
Brightstar Resources Limited is focused on becoming a significant gold producer in Western Australia through its Goldfields and Sandstone projects. The company has secured funding and is moving towards a Final Investment Decision (FID) on its Goldfields DFS 2.0, which outlines a six-year production plan with an average of 75koz per annum. The Goldfields project is expected to produce 457koz of gold underpinned by Ore Reserves of 351koz. Brightstar plans to construct a 1.5Mtpa CIL processing plant, expandable to 2.5Mtpa, enhancing its production capacity. The company is also targeting significant growth in its Sandstone project, aiming to upgrade its Mineral Resources and convert them to Ore Reserves. Brightstar's initiatives are underpinned by its existing owner-operate capabilities and a strategic plan to leverage its significant landholding in Western Australia.
Key Points
  • Brightstar targets to become a major gold producer in WA.
  • Secured funding for Goldfields and Sandstone projects.
  • Goldfields DFS 2.0 outlines a six-year production plan.
  • Construction of a 1.5Mtpa CIL plant, expandable to 2.5Mtpa.
  • 457koz of gold production from Goldfields over six years.
  • Sandstone project aims for significant Mineral Resource upgrades.
  • Existing capabilities leveraged for production growth.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.