BTR.ASX: Goldfields Project Construction to Commence

Goldfields Project Construction to Commence

Stock	Brightstar Resources Ltd (BTR.ASX)
Release Time	21 May 2026, 9:47 a.m.
Price Sensitive	Yes

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Brightstar Resources Announces Goldfields Project Construction Start

Key Points

Final Investment Decision targeted for May 2026
First gold production expected in June 2027
Key regulatory approvals anticipated in May 2026

Full Summary

Brightstar Resources Limited (ASX: BTR) is pleased to provide an update on its Goldfields Project in Western Australia. The company remains on track for a Final Investment Decision (FID) in May 2026, coinciding with the receipt of final regulatory approvals and the execution of the Laverton Plant EPC contract with GR Engineering Services Ltd. The project is scheduled for first gold production in June 2027. Key milestones include the completion of detailed engineering and ordering of long-lead equipment, ongoing site remediation, and the selection of OCTA Group as the preferred supplier for power. Additionally, reverse circulation (RC) drilling is underway at Lord Byron to test for upside to the current mine plan. Brightstar's Managing Director, Alex Rovira, expressed excitement about the project's progress and the potential to establish Brightstar as a significant new gold producer in Western Australia.

Guidance

First gold production expected in JunQ'27

Outlook

Brightstar is optimistic about the project's progress and the potential to become a significant new gold producer in Western Australia.