Corporate Storytime Case Study
Brightstar Resources
Brightstar Resources (ASX: BTR)
Initially onboarded as Kingwest Resources (ASX: KWR) until merger with Brightstar in May 2023
Brightstar is a West Australian gold production, development and exploration company which controls resources of 3M oz of gold across 3 project areas – Laverton, Menzies and Sandstone. Brightstar produces gold from the Second Fortune min near Laverton and is currently assessing development options for the company’s many known gold deposits.
Brightstar has grown shareholder value via targeted M&A, production and exploration and has the advantage of owning substantial infrastructure across its projects, including the Brightstar Gold Mill in Laverton (currently under care and maintenance)
View Brightstar Website
Investor Relations & Strategic Advice
Our team is committed to making a positive impact for our clients and their investors.
Corporate Storytime supported Brightstar Resources through the following initiatives.
Communication
Assist with the construction, editing and distribution of company announcements and investor presentations. Corporate Storytime communicates with and assists in the creation of sponsored published media content. Corporate Storytime utilises bulk email and social media platforms to promote Brightstar’s news.
Website Management
Corporate Storytime has assisted with efforts to update Brightstar’s website content as the company narrative changes over time with business expansion. Process involves righting copy and dovetailing with dedicated website designers and support.
Events & Networking
Arrange and host face-to-face meetings for Brightstar management with investors and brokers including roadshow, conference, webinar and presentation events. Additionally, Corporate Storytime advisors communicate one-on-one with market participants and investment professionals to promote the Brightstar story.
Bespoke Graphic Design
Creation of bespoke graphic design and digital content customised specifically for key events, ongoing news flow, and strategic communications
Brightstar Corporate Snapshot
At time of Corporate Storytime IR Engagement (July 2023)
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Share Price: $0.011
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Market Cap: $17m
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Gold Resources: 0.96M oz Au
As at 7th November 2024
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Share Price: $0.023 (up 109%)
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Market Cap: $240m (up 1311%)
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Gold Resources: 3M oz Au (up 212%)
Corporate Storytime initially assisted Kingwest in promoting the Menzies and Goongarrie Gold Projects with substantial initial interest in exploration success at Sir Lawrence resulting in strong short term share price performance.
Corporate Storytime then assisted in the communications to Kingwest shareholders relating to the potential benefits of the Brightstar merger in early 2023 and was able to continue to assist the business through an enduring engagement with Brightstar.
As Brightstar has grown via M&A and exploration, Corporate Storytime has assisted a busy management team to explain the company’s strategic pathway which has resulted in Brightstar emerging as a significant ASX mid cap gold development company.
Engagement Timeline
Over the 17 months since the BTR/KWR merger, the market cap grew from $19m to $260m. Resources grew from 0.96M oz to 3M oz Au
JUN
2023
Merged Brightstar Group trades at 1.1c per BTR share for market cap of $17m.
SEPT
2023
Brightstar announces mine restart scoping study for Laverton and Menzies.
NOV
2023
Mining commences at Selkirk Deposit (Menzies) via profit sharing JV.
MAR
2024
Brightstar makes takeover offer for Linden Gold. Acquisition completed July 2024.
AUG 2024
Brightstar announces takeover bid for Alto Metals and acquisition of Montague Gold Project to develop 3rd gold hub in Sandstone.
NOV
2024
Canaccord and Shaws initiate research coverage on BTR with price targets of 6c & 4c per share respectively.
Brightstar Share Price
As articulated in this case study, Brightstar have been on a very strong and deliberate path to grow our gold business in the last 18 months. We're acutely aware of the important role communication plays in taking our investor along for the journey. While we've been actively exploring across our broad tenement portfolio and executing our M&A strategies, it's comforting have the confidence of knowing that our market messaging is being expertly handled by the Corporate Storytime team. We've particularly enjoyed the opportunity to present to Corporate Storytime's broker and investor network with the Kalgoorlie SuperPitch featuring as a stand out event on our calendar.
Alex Rovira
Managing Director
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