BTR Approves Final Investment Decision at Goldfields Project
| Stock | Brightstar Resources Ltd (BTR.ASX) |
|---|---|
| Release Time | 26 May 2026, 9:26 a.m. |
| Price Sensitive | Yes |
Brightstar Resources Approves Final Investment Decision for Goldfields Project
- Board approves Final Investment Decision (FID) for Goldfields Project
- All key regulatory approvals received
- EPC contract executed with GR Engineering Services Limited
- Construction of 1.5Mtpa Laverton Plant to commence
- First gold expected in JunQ'27
Brightstar Resources Limited (ASX: BTR) has announced that its Board of Directors has approved the Final Investment Decision (FID) for the development of its 100% owned Goldfields Project in Western Australia. The FID follows receipt of the final key regulatory approvals, including the Mining Development and Closure Proposal (MDCP) from the Department of Mines, Petroleum and Exploration (DMPE) and the Part V Works Approval from the Department of Water and Environmental Regulation (DWER). The approval enables the immediate commencement of full construction of the new 1.5Mtpa processing plant at Laverton, with an EPC contract executed with GR Engineering Services Limited for $110 million. The Goldfields Project is expected to deliver average gold production of approximately 75koz p.a. over an initial six-year mine life, with strong potential for mine life extensions. The project is fully funded to first gold in JunQ'27 following completion of the A$193 million equity raising and US$120 million bond debt financing earlier in CY26.
Brightstar Resources expects ~75koz p.a. gold production with ~A$1.0 billion free cash flow and A$606 million NPV8 by JunQ'27.
Brightstar Resources aims to become a substantial mid-tier Western Australian gold producer with the Goldfields Project, targeting a production profile of +200koz p.a. by 2029.