Brightstar Resources

RIU Explorers Conference Presentation

Brightstar Resources Limited (Brightstar or the Company) (ASX: BTR) is pleased to present its investor presentation.


Project Overview

  • +1Moz JORC Resources – Open and growing to deliver scale to become a material and relevant participant in the WA gold sector
  • Tier-1 jurisdiction with compelling land position in two proven goldfields with multi-million ounce endowments:
    • Significant operations nearby include Granny Smith, Sunrise Dam, Gwalia, Mt Morgans, King of the Hills
    • Excellent regional infrastructure and supplier networks
  • Robust Scoping Study1 existing infrastructure highlights a low capital and low risk pathway to production leveraging
    • 322koz produced over eight years
    • Average production profile over LOM of +40koz Au per annum
    • Staged development delivers low pre-production capex of approximately $22 million
    • NPV8 of $103m and IRR of 79% @ A$2,900/oz
      • NPV8 of $153m and IRR of 138% @ A$3,100/oz (spot gold)
    • LOM C1 cash costs A$1,765/oz
    • Brightstar’s refurbished mill in Laverton strategically located to unlock regional assets
  • Significant Upside to Scoping Study:
    • Production target only includes ~30% of current Mineral Resource
    • Compelling exploration upside and targets for inclusion in future mine planning
    • Mining Pre-Feasibility Studies underway
  • Mining Pre-Feasibility Studies underway
    • Selkirk Mining JV (50:50) underway at the Menzies Gold Project with partner BML Ventures
    • Mine plan of +30kt of ore @ 5g/t Au. Processing through Gwalia mill (GMD.ASX) in Q1 ‘24
    • Cash flow enables organic funding for exploration and feasibility studies
    • Assessing other small scale mining opportunities at the Menzies Gold Project (= “Selkirk 2.0”)


Click here for the full ASX Release

This article includes content from Brightstar Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

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Brightstar Resources

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