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9 stories mentioning ASX:BTR

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Asia

Brightstar Resources Reports Visible Gold Intersections at Western Australia Project

Brightstar Resources (ASX:BTR) intersected visible gold at numerous intervals from ongoing diamond drilling at the Two Mile Hill deposit at the Sandstone gold project in Western Australia, according to a Thursday Australian bourse filing.The company said visible gold is hosted across multiple holes in thin quartz veins, predominantly within a tonalite intrusion and neighboring mafic rocks.The combined Two Mile Hill-Shillington deposit hosts a current resource of 753,000 ounces at 1.5 grams per tonne gold, with the ongoing reverse circulation and diamond drilling program of about 9,100 meters designed to infill areas of the mineral resource at depth for inclusion in a pre-feasibility study targeted for the second half of the year, it added.

ASX:BTR
Asia

Brightstar Resources Approves Final Investment Decision for Western Australia Gold Project

Brightstar Resources (ASX:BTR) said its board approved a final investment decision for its Goldfields project in Western Australia, which is fully funded to achieve first gold in the June 2027 quarter, according to a Tuesday filing with the Australian bourse.The project is expected to deliver average gold production of about 75,000 ounces per annum over an initial mine life of six years, per the filing.Following the final investment decision, Brightstar is starting full-scale construction activities at the 1.5 million tonnes per annum Laverton processing plant.

ASX:BTR
Asia

GR Engineering Services Signs AU$110 Million Contract with Brightstar Resources

GR Engineering Services (ASX:GNG) signed an engineering, procurement, and construction contract worth AU$110 million with Brightstar Resources (ASX:BTR) for the Laverton processing plant in Western Australia, according to a Tuesday filing with the Australian bourse.

ASX:BTRASX:GNG
Asia

Brightstar Resources Says Western Australia Project on Track for Final Investment Decision in May, Shares Up 6%

Brightstar Resources (ASX:BTR) said a final investment decision for its Goldfields project in Western Australia is targeted during May, according to a Thursday Australian bourse filing.The decision will coincide with the receipt of project approvals and execution of the Laverton Plant engineering, procurement, and construction (EPC) contract with GR Engineering Services, the filing added.The company said key outstanding approvals from the Department of Mines, Petroleum and Exploration, and the Department of Water and Environmental Regulation are expected to be received in May, with the project remaining on schedule for first gold in the June 2027 quarter and production of about 75,000 ounces per year for six years.OCTA Group was selected as the preferred supplier for power with a combined LNG power station and LNG supply following a competitive bid process, with long-lead power station equipment and LNG supply secured, the filing added.An exploration reverse circulation drill rig is completing infill and extensional drilling at the Lord Byron deposit for a potential re-optimization of the Lord Byron mine plan.The company's shares rose 6% in recent Thursday trade.

ASX:BTR
Asia

Aquirian Completes Commercial Deliveries to Zambia, Congo; Advances New Distribution Channels; Shares Down 4%

Aquirian (ASX:AQN) said it has completed three commercial deliveries of Collar Keeper products into its regional distribution partner for Zambia and the Democratic Republic of Congo, according to a Monday Australian bourse filing.The company said negotiations for a new distribution channel across Chile and Peru are nearing completion, with initial orders anticipated, while a broader Southern Africa regional distribution partnership is well advanced.The Manual Collar Keeper System is now available on three original equipment manufacturer rigs, including Epiroc, Sandvik, and Hyundai Everdigm, while the biodegradable Collar Keeper has received its first small-scale commercial order from a long-term client in the Pilbara, with delivery and field deployment expected in the coming weeks, the company added.The Automated Collar Keeper System has been fitted to the first Drillforce WA T45 drill rig, the first of three to be fitted with automated in-cab operation for the Brightstar Resources' (ASX:BTR) Lord Byron project in Western Australia, which is expected to commence in September and represents the first project delivered under the strategic framework agreement, per the filing.Aquirian's shares fell past 4% in recent Monday trade, while Brightstar Resources' shares shed 2%.

ASX:AQNASX:BTR
Asia

Brightstar Resources Reports Higher March Quarter Group Mining Production

Brightstar Resources (ASX:BTR) said its group mining production for the March quarter came in at 58,700 tonnes at 3.3 grams per tonne (g/t) grade of gold for 6,250 ounces from its Laverton underground mining operations in Western Australia, according to a Wednesday Australian bourse filing.The company's group mining production for the March 2025 quarter came in at 28,200 tonnes at 3.3 g/t grade of gold for 3,002 ounces from its Laverton underground mining operations in Western Australia, per the filing.During the quarter, the Fish underground mine was transitioned to care and maintenance, with mining operations ceasing and the mine positioned to be ready for the recommencement of ore production in early 2027.The mining development and closure proposal for Lady Shenton open pit mine in Menzies was approved, the filing said.Brightstar Resources' shares fell nearly 1% in recent trading on Wednesday.

ASX:BTR
Asia

Brightstar Resources Reports AU$53 Million Gross Revenue From Processing Campaign

Brightstar Resources (ASX:BTR) completed and reconciled the final processing campaign under its ore purchase agreement with Genesis Minerals (ASX:GMD), with a record parcel of about 140,000 tonnes at 2 grams per tonne (g/t) gold, recovering about 7,900 ounces, according to a Monday Australian bourse filing.The company said the campaign returned gold recoveries of over 89%, trending toward the long-term average metallurgical performance of previous processing campaigns, at a gold price of AU$6,758 per ounce for record gross revenue of AU$53 million.Brightstar said total ore processed under the Genesis agreement since commencement in March 2025 totaled about 400,000 tonnes at 2.2 g/t gold, with an average metallurgical recovery of 88%, and about 24,000 ounces of gold recovered, delivering gross sales proceeds of AU$138 million over the contract.The company said the completion of the final parcel has fully amortized its existing working capital facility with Ocean Partners, with Brightstar currently carrying no drawn debt.

ASX:BTRASX:GMD
Asia

Aquirian Expected to Benefit From New Supply Agreement, Says Euroz Hartleys

Aquirian's (ASX:AQN) new supply agreement is an early validation of its integrated drill and blast model, supporting increased exposure to Western Australia gold activity and providing a pathway to higher-margin, vertically integrated earnings over time, said Euroz Hartleys in a Thursday note.The research firm noted that the agreement with Brightstar Resources (ASX:BTR) totals AU$48 million over an initial three-year period and commences in September 2026.The research firm said that the contract implies about AU$2.5 million in annual earnings before interest, taxes, depreciation, and amortization (EBITDA), when the previously guided 16% EBITDA margin is applied, being a conservative view.Euroz Hartleys expects fiscal 2027 EBITDA of AU$8.5 million and fiscal 2026 EBITDA of AU$5.2 million.Euroz Hartleys kept a buy rating on Aquirian with an under review price target of AU$0.70.Aquirian's shares fell past 2% in recent Friday trade, while Brightstar Resources' shares tumbled 5%.

ASX:AQNASX:BTR
Asia

Brightstar Executes Drilling Services Strategic Framework Agreement With Aquirian for Western Australia Hub; Aquirian Shares Up 8%

Brightstar Resources (ASX:BTR) executed a strategic framework agreement with Aquirian (ASX:AQN) for the supply of all drilling and energetics services for open pit mining at the Goldfields hub in Western Australia, according to a Thursday Australian bourse filing.The agreement is conditional on Brightstar making a final investment decision to proceed with the development, construction, and/or operation of the hub and is made on an initial five-year term, with options for additional extensions.Aquirian's unit Drillforce WA was awarded an initial three-year agreement, starting Sept. 1, for the supply of all drilling and energetics services to Brightstar for its Lord Byron open-pit mine in Western Australia.Brightstar's shares fell over 1% in recent trading on Thursday, while those of Aquirian rose 8%.

ASX:BTR