{"id":7609,"date":"2024-03-25T22:28:06","date_gmt":"2024-03-25T22:28:06","guid":{"rendered":"https:\/\/economicherald.net\/?p=7609"},"modified":"2024-03-25T22:28:06","modified_gmt":"2024-03-25T22:28:06","slug":"brightstar-resources-new-jasper-hills-scoping-study-presents-rapid-restart-opportunity-and-high-returns","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=7609","title":{"rendered":"Brightstar Resources\u2019 new Jasper Hills scoping study presents \u2018rapid restart\u2019 opportunity and high returns"},"content":{"rendered":"<p>Scoping study pegs Jasper Hills to mine an initial 141,548oz gold<br \/>\nStrong potential to increase production profile and mine life<br \/>\nPre-production costs of $12m and an NPV of $99m<br \/>\nInternal rate of return 736% <\/p>\n<p>\u00a0<\/p>\n<p><strong><em>Special Report<\/em><\/strong><strong>: Right on the back of wrapping up the small-scale mining of its Selkirk JV with BML Ventures, Brightstar Resources has released a compelling scoping study to restart the Jasper Hills mine south of Laverton, WA, for an initial 141,958oz gold mined over ~3.75 years. <\/strong><\/p>\n<p>Jasper Hills \u2013 just 50km from <a href=\"https:\/\/stockhead.com.au\/company\/brightstar-resources-btr\/\"><strong>Brightstar Resources\u2019 (ASX:SBM)<\/strong><\/a> existing processing infrastructure \u2013 is part of the package of projects that it is picking up via a Board-recommended off-market takeover offer of <a href=\"https:\/\/stockhead.com.au\/company\/st-barbara-sbm\/\"><strong>St Barbara (ASX:SBM)<\/strong><\/a> backed Linden Gold Alliance Limited.<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Scoping study metrics<\/strong><\/h2>\n<p>The main focus will be on the Lord Byron open pit and Fish underground deposits, which the study shows can \u201cdeliver high-quality outcomes at low upfront capital costs\u201d.<\/p>\n<p>\u00a0<\/p>\n<p>The Fish deposit at BTR\u2019s newly acquired Jasper Hills gold project. Pic supplied: (BTR)<\/p>\n<p>\u00a0<\/p>\n<p>BTR reckons that from the study, it can get the mine up and running within six months at a low pre-production capex of just $12m.<\/p>\n<p>This will deliver robust returns with pre-tax net present value and internal rate of return \u2013 both measures of a project\u2019s profitability \u2013 estimated at $99m and a stunning 736% respectively.<\/p>\n<p>Other metrics of the study include:<\/p>\n<p>Initial production target of 142koz @ 1.84g\/t across 3.75 years<br \/>\nRevenue of ~$394m at $3,000\/oz<br \/>\nEBITDA of $135m<br \/>\nOnly 48% of the current MRE included in the production target<br \/>\n5-month maximum negative cashflow across 45 months<\/p>\n<p>Open pit and underground optimisations come in at $2,800\/oz for Jasper Hills, with an assumed study gold price of $3,000\/oz used in financial modelling, which is ~A$300\/oz below the current spot gold price and represents significant upside potential to financial metrics and outcomes.<\/p>\n<p>\u00a0<\/p>\n<p>BTR\u2019s new Jasper Hills mine and surrounding projects. Pic supplied: (BTR)<strong>\u00a0<\/strong><\/p>\n<p>\u00a0<\/p>\n<h2><strong>Development parameters<\/strong><\/h2>\n<p>BTR managing director Alex Rovira says the study outlines an attractive pathway to cashflow, featuring a low-capital approach with approximately $12m in pre-production funding required to commence operations at Jasper Hills, with the high-grade Fish underground deposit able to generate ore within six weeks of portal establishment.<\/p>\n<p>\u201cThe study outlines a readily deliverable ~4-year LOM plan which complements Brightstar\u2019s existing scoping study released in September 2023; which, if combined, will result in the company becoming a meaningful gold producer in the WA Goldfields,\u201d Rovira says.<\/p>\n<p>\u201cThe staged mined development has been optimised to minimise up-front capital costs, utilising operational cash flow to self-fund the larger cutbacks at Lord Byron generating high tonnage, baseload open pit ore feed to nearby processing facilities.<\/p>\n<p>\u201cThe mine plan has been designed to minimise risks associated with ramp up and deliver a profitable gold producer in WA with significant upside to expand on the production profile and mine life.<\/p>\n<p>\u201cIn parallel with our efforts of combining the Brightstar and Linden Gold assets into a larger pre-feasibility study (PFS), we continue to advance exploration efforts across the portfolio with the intent of finding additional ounces to add to the mine plan.\u201d<\/p>\n<p>\u00a0<\/p>\n\n<p><span class=\"mce_SELRES_start\">\ufeff<\/span>\u00a0<\/p>\n<p><em>This article was developed in collaboration with Brightstar Resources, a Stockhead advertiser at the time of publishing.<\/em><\/p>\n<p><em>This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n<p><span class=\"et_bloom_bottom_trigger\"><\/span><\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/uncategorized\/brightstar-resources-new-jasper-hills-scoping-study-presents-rapid-restart-opportunity-and-high-returns\/\">Brightstar Resources\u2019 new Jasper Hills scoping study presents \u2018rapid restart\u2019 opportunity and high returns<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Scoping study pegs Jasper Hills to mine an initial 141,548oz gold Strong potential to increase production profile and mine life Pre-production costs of $12m and <a href=\"https:\/\/economicherald.net\/?p=7609\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":7610,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-7609","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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