Brightstar Resources at Mining Forum Americas 2026: two-hub gold push

On Tuesday, 29 September 2026, Brightstar Resources (BTR) presented plans at Mining Forum Americas to transform from developer to mid-tier gold producer in Western Australia. The company announced its intention to produce 200,000 to 300,000 ounces of gold annually from two hubs: Goldfields and Sandstone. The Goldfields Hub, already under construction, anticipates first gold production within nine months.

Sandstone, now boasting a 3.6 million ounce resource, is set to receive a PFS in November. The company has AUD 122 million in cash and a US $120 million undrawn bond facility, ensuring liquidity for the current plans. CEO Alex emphasized the company's long-term goal of reaching 200,000 to 300,000 ounces annually with a portfolio built around these two production centers.

The Goldfields Hub is projected to process 1.5 million tons annually, expanding to 2.5 million tons. All-in sustaining costs are expected to be around $3,000 per ounce, with annual free cash flow reaching approximately AUD 160 million. Management highlighted the company's strategic positioning, citing its strong balance sheet and undemanding valuation relative to peers as factors supporting its growth trajectory.