RIU Conference Presentation

Open PDF
Stock Brightstar Resources Ltd (BTR.ASX)
Release Time 6 May 2025, 12:06 p.m.
Price Sensitive Yes
 Brightstar Resources Presents at RIU Conference
Key Points
  • Laverton Hub ramping up production in CY25 with upside from DFS and open pit development
  • Sandstone Hub to undergo comprehensive drilling in CY25 to support resource upgrades and future studies
  • Targeting 200koz pa production by 2029 through organic growth and consolidation
Full Summary

Brightstar Resources Ltd presented its investor presentation at the RIU Conference, outlining its strategy to become a growing West Australian gold producer. The key highlights include:Laverton Hub: The Laverton Hub is ramping up production in CY25, with the Second Fortune underground mine providing consistent, stable production and cash generation. The development of the Fish underground mine is underway, targeting first ore in June 2025 and doubling the current production run rate to ~40koz pa by mid-CY25. Additionally, the company is advancing the development of the large-scale Lord Byron and Cork Tree Well open pits as multi-year base load ore sources. A Definitive Feasibility Study for the Laverton-Menzies operations is due in 1H CY25, which is expected to quantify the base load open pit opportunity under a larger Laverton development scenario.Sandstone Hub: Brightstar is planning a comprehensive ~80,000m drilling program across the Sandstone Hub in CY25 to upgrade and grow the existing 1.5Moz Mineral Resource. The drilling will focus on upgrading the Lords, Vanguard, Indomitable and Havilah camps to Indicated classification, as well as infilling the Montague and Whistler deposits. The company also plans to follow up on priority greenfield prospects across the Sandstone district. Upon completion of the CY25 drilling and resource estimation work, Brightstar will delineate the project development parameters for a Pre-Feasibility Study in CY26.Group Production Target: Brightstar is targeting a Group production profile of +200koz per annum by 2029, driven by the organic growth and development of its Laverton and Menzies hubs, as well as the potential development of the Sandstone project.

Outlook

Brightstar is targeting a Group production profile of +200koz per annum by 2029, driven by the organic growth and development of its Laverton and Menzies hubs, as well as the potential development of the Sandstone project.