Brightstar Resources (BTR) Mining Forum Americas 2026 summary

Strategic vision and production targets

• Aims to become a 200,000–300,000 oz per annum West Australian gold producer with two production hubs exceeding 200,000 oz annually.

• Goldfields Hub is under construction with a 1.5 Mtpa CIL plant, targeting 75,000 oz per annum over six years, with expansion potential to over 100,000 oz.

• Sandstone, the flagship asset, has a Pre-Feasibility Study due in November and a DFS by end of next year, targeting construction in early 2028.

• Sandstone resource recently upgraded to 3.6 million oz, all on granted mining leases.

• Both projects are fully funded through construction and development stages, supported by strong cash and undrawn debt.

Asset consolidation and exploration upside

• Consolidated fragmented junior ownership in the Sandstone district, acquiring three companies/assets to build the portfolio.

• Sandstone area historically lacked systematic exploration despite significant gold endowment.

• Resource at Sandstone has grown from 2.4 million oz to 3.6 million oz since acquisition, with further growth potential.

• Owns the entire Sandstone greenstone belt, with existing infrastructure aiding de-risked development.

• Exploration focus now includes targeting additional felsic intrusives similar to Two Mile Hill, with up to 10 lookalike targets identified.

Project development and technical progress

• Sandstone has undergone two years of infill drilling, resource updates, and technical studies to de-risk development.

• Two Mile Hill deposit at Sandstone shows significant width, grade improvement at depth, and remains open, with potential for a large-scale underground mine.

• Four deep holes completed at Two Mile Hill with assays pending; further drilling planned before year-end to support another resource upgrade.

• Goldfields project construction is ahead of schedule, with first gold pour targeted in nine months and mining mobilization set for January.

• Processing plant infrastructure is sized for future expansion to 2.5 Mtpa, requiring minimal upgrades.