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Brightstar Resources Limited (ASX:BTR)

ALERT: Price-sensitive ASX Announcement for BTR
Current share price for BTR : $0.355 -0.14 (-28.28%)+
Announcement
Release
17 Feb 2026 9:31AM
Price at Release
$0.495
Full Release
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Summary
Brightstar Resources Limited, based in Perth, WA and listed on the Australian Securities Exchange (ASX: BTR), is advancing its Goldfields Project towards near-term gold production. The company has engaged GR Engineering Services Limited as the preferred EPC contractor for the construction of a 1.5Mtpa processing plant near Laverton. This decision follows a competitive front-end engineering design process and aims to ensure efficient project implementation. An Early Works Agreement has been executed, allowing for the ordering of critical long-lead items, such as the SAG mill, aligning with the production schedule outlined in their DFS 2.0, which targets first gold production in June 2027. Brightstar has successfully raised equity to fund up to $180 million needed for the project's development, with debt financing discussions advancing. The updated feasibility study projects a production of over 75,000 ounces per annum for six years, with robust financial metrics including a lifecycle cash flow of approximately A$1 billion. Brightstar's efforts are part of a strategy to become a leading mid-tier gold producer in Western Australia.
Key Points
  • Brightstar Resources Limited is based in Perth, WA and listed on the ASX as BTR.
  • The company focuses on the Goldfields Project with a planned processing plant in Laverton.
  • GR Engineering Services Limited has been engaged as the preferred EPC contractor.
  • An Early Works Agreement has been executed to order long-lead items like the SAG mill.
  • First gold production at the Goldfields Project is targeted for June 2027.
  • Brightstar aims to produce over 75,000 ounces per annum for six years.
  • The project development aligns with Brightstar's goal to become a mid-tier gold producer.
  • Brightstar raised equity to fund up to $180 million for the project's development.
  • Debt financing discussions are well advanced, supporting the project's financial structure.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.