Brightstar Resources
Primary ticker: ASX:BTR
Stage of development: Production
Primary minerals: Gold
Project to promote: Laverton and Menzies Gold Projects
Project location: Australia
Website: www.brightstarresources.com.au
Corporate presentation: Click here
Corporate video: Click here
Brightstar is an existing gold producer in the Leonora-Laverton District in Western Australia’s prolific Eastern Goldfields. Currently producing approximately 20,000ozpa through the recent acquisition of Linden Gold, Brightstar has a low caex pathway to 100kozpa production from its 1.4Moz JORC Mineral Resource Estimate and processing plant currently on care & maintenance in Laverton.
Cash: AUD$20M
Debt: NIL
Major shareholders:
St Barbara Ltd – 13%
Jack Yetiv – 10%
Collins Street Asset Management – 7%
Linden Resources Ltd – 5%
Lion Selection Group – 3%
Management Ownership – 8%
Financials
Management Profile
Alex Rovira – Managing Director
Mr Rovira is a qualified geologist and an experienced investment banker having focused on the metals and mining sector since 2013. Mr Rovira has been the Managing Director of Brightstar since January 2023 and has experience in ASX equity capital markets activities, including capital raisings, IPOs and merger and acquisitions.
What is your rationale for taking part in 121 Mining Investment?
We will have recently completed the acquisition of Linden Gold and it is a good time to market the company into a new market (North America) and expand the institutional and professional shareholder base of the company.
What recent news would you like to highlight to investors attending?
Off-market Take-Over Offer for Linden Gold, announced 25 March 2024
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Optimize existing gold production at Second Fortune Gold Mine
6 Months:
Grow the current Mineral Resource base and release a Pre-Feasibility Study targeting up to 100kozpa production run rate
12 Months:
Make Final Investment Decision on the development of the Menzies and Laverton Gold Project.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Normal risks associated with operating an underground gold mine. By applying strict operational controls and measures to ensure efficient operations we can ameliorate these risks. Other risks include work force availability, commodity price movements, funding risk for the capex requirements of the growth projects
What do you think makes your company such a compelling investment?
We are an existing gold producer seeking to significantly increase the scale of our operations up to 100kozpa through a low capex approach, utilising the 1.4Moz JORC Mineral Resource and processing infrastructure currently on care & maintenance.
What are the top 3 key investor takeaways?
Existing gold producer, with a low capex pathway to 100kozpa production
Debt free, A$20m cash at bank.
Strong executive team and Board with mining expertise in underground and open pit operations