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

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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%.

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