Canaccord Global Mining Conference Presentation
| Stock | Brightstar Resources Ltd (BTR.ASX) |
|---|---|
| Release Time | 21 May 2025, 9:51 a.m. |
| Price Sensitive | Yes |
Brightstar Resources Presents at Canaccord Global Mining Conference
- Laverton Hub ramping up CY25 production with upside from DFS and 'base load' open pits
- Fish underground mine development to add second high-grade UG mine, doubling production to ~40koz pa
- Comprehensive CY25 drilling program at Sandstone to set platform for Resource upgrades and PFS delivery in 1H CY26
Brightstar Resources presented at the Canaccord Global Mining Conference, providing an overview of its strategic priorities as a growth-focused West Australian junior gold producer. The key highlights include:Laverton Hub: Brightstar is ramping up production at its Laverton operations, with the consistent and stable Second Fortune underground mine, the development of the high-grade Fish underground mine (targeting first ore in June 2025 to double production to ~40koz pa), and the potential for large-scale open-pit production from Lord Byron and Cork Tree Well. The Laverton-Menzies DFS is due in the first half of 2025, which will quantify the base-load open-pit opportunity under a larger Laverton development and mill refurbishment scenario.Sandstone Hub: Brightstar is planning a comprehensive ~80,000m drilling program across the Sandstone project in 2025 to upgrade and grow the Mineral Resource base, which currently stands at 1.5Moz at 1.5g/t Au. This drilling will set the platform for the delivery of a Pre-Feasibility Study in the first half of 2026, as Brightstar focuses on unlocking the latent value of the Sandstone district.The presentation also covered Brightstar's corporate snapshot, including its current Mineral Resource of 3.0Moz, a market capitalization of $303 million, and $7 million in cash as of March 2025.
Brightstar is targeting a Group production profile of +200koz per annum by 2029, aligned with the continued planned production growth from its Laverton and Menzies hubs and the potential development of the Sandstone project.