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Brightstar Resources Limited (ASX:BTR)

ALERT: Price-sensitive ASX Announcement for BTR
Current share price for BTR : $0.720 0.365 (102.82%)+
Announcement
Release
4 Aug 2026 9:40AM
Price at Release
$0.355
Full Release
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Summary
Brightstar Resources Limited has made significant progress in the construction and development of its Goldfields Project in Western Australia, with key construction activities advancing strongly in July. The project remains on schedule for the first gold production in June 2027. Key milestones include the completion of bulk earthworks for process plant infrastructure, progress on structural steel for the primary crushing area, and the execution of a Power Purchase Agreement and LNG Supply Agreement. The Goldfields Project is expected to produce approximately 75,000 ounces of gold per annum over an initial six-year mine life, with potential for mine-life extension. The company continues to focus on executing its dual-track strategy of advancing the Goldfields Project and exploring the Sandstone area. The project is progressing on schedule and within budget, showcasing strong collaboration with their EPC partner.
Key Points
  • Goldfields project advancing on schedule for first gold in June 2027.
  • Completion of bulk earthworks for process plant infrastructure.
  • Execution of Power Purchase and LNG Supply Agreements.
  • Expected gold production of 75,000 ounces per annum over six years.
  • Potential for mine-life extension across the Goldfields Project.
  • Dual-track strategy includes advancing Sandstone exploration.
  • Strong collaboration with EPC partner GR Engineering.
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.