Goldfields Project July Construction Update

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Stock Brightstar Resources Ltd (BTR.ASX)
Release Time 4 Aug 2026, 9:40 a.m.
Price Sensitive Yes
 Brightstar Resources Goldfields Project Construction Update
Key Points
  • Construction of the 1.5Mtpa Laverton processing plant is on schedule for first gold in June 2027
  • Bulk earthworks and concrete foundations for key infrastructure are complete
  • Power Purchase Agreement and LNG Supply Agreement executed, engineering in progress
  • Borefields development underway with initial production bores completed
  • Goldfields Project expected to produce ~75koz p.a. from FY28
Full Summary

Brightstar Resources Limited (ASX: BTR) has provided an update on the construction progress of its 100%-owned Goldfields Project in Western Australia. The project is advancing strongly, with key construction milestones achieved in July. Bulk earthworks for the process plant infrastructure are complete, and concrete foundations for critical equipment like the primary crusher and SAG mill are well progressed. Structural steel and platework for the primary crushing area have commenced, and borefields development is underway. The company has also executed a Power Purchase Agreement and LNG Supply Agreement, with engineering for the power station and LNG infrastructure in progress. The Goldfields Project is on track to produce approximately 75,000 ounces of gold per annum from FY28, with potential for mine life extensions and a 2.5Mtpa throughput scenario. The company remains focused on delivering the project safely, on schedule, and within budget.

Guidance

Brightstar Resources expects to produce ~75koz p.a. from FY28

Outlook

The Goldfields Project is on track for first gold in June 2027, with strong potential for mine life extensions and increased throughput.