Brightstar Resources Limited (ASX:BTR) Unveils Expansion Plans
Strategic Growth Initiatives
Brightstar Resources Limited is set to expand its operational footprint in Western Australia, targeting a gold production run rate of 200 koz per annum by 2029. The company aims to enhance its resource base through strategic developments and acquisitions.
Production and Development Plans
The company plans to ramp up production from its Laverton and Menzies hubs, with the Fish underground mine expected to double production to ~40 koz per annum by mid-2025. Developments include the expansion of open pits at Lord Byron and Cork Tree Well, and delivery of DFS for Laverton/Menzies by 1H CY25.
Exploration and Resource Updates
Brightstar will undertake a fully funded 130km drilling program in 2025 to support Mineral Resource upgrades and infill drilling. The Sandstone Pre-Feasibility Study is scheduled for 1H CY26, aimed at outlining a fast-tracked development plan for the Sandstone Hub.
Financial and Operational Metrics
As of May 2025, Brightstar has a market capitalisation of $303 million and holds 3.0Moz of Mineral Resources. The company maintains $7.0 million in cash and has an enterprise value of $296 million.
Motley Fool contributor Aaron Shaw has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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