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Brightstar Resources Limited (ASX:BTR)

ALERT: Price-sensitive ASX Announcement for BTR
Current share price for BTR : $0.565 0.183 (47.71%)+
Announcement
Release
5 Aug 2026 12:36PM
Price at Release
$0.383
Full Release
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Summary
Brightstar Resources Limited is set to advance its multi-hub production growth strategy with significant developments in the Goldfields and Sandstone projects in Western Australia. The company plans to build a 1.5 million tonnes per annum (Mtpa) Carbon-In-Leach (CIL) plant at Laverton, with production targeted to begin in June 2027. The project is expected to generate significant free cash flow, with a pre-tax net present value (NPV) of $606 million and an internal rate of return (IRR) of 74%. Additionally, the Sandstone project is positioned for district-scale development, targeting a long-life, low-cost operation. Brightstar Resources aims to increase its production scale and sustain growth, supported by its experienced management team and strategic funding initiatives.
Key Points
  • Brightstar Resources targets significant growth through Goldfields and Sandstone projects.
  • 1.5Mtpa CIL plant planned for Laverton, with first gold expected in June 2027.
  • Goldfields project projected to have a $606 million pre-tax NPV and 74% IRR.
  • Sandstone project set for large-scale development with updated Mineral Resource Estimate (MRE).
  • Strategic funding secured, including $193 million equity raise and US$120 million debt.
  • Brightstar aims to be a multi-asset gold producer with a focus on low-cost, long-life projects.
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.