The Australian Solar Thermal Research Initiative (ASTRI) aims to develop a high optical quality heliostat with target cost – manufactured, installed and operational – of 90 AUD/m². Three different heliostat design concepts are described, each with features identified during a prior scoping study as having the potential to contribute to cost reduction compared to the current state-of-the-art. The three concepts which are being developed will be down-selected to a single concept for testing in late 2016. The heliostat concept development work is supported by technology development streams, developing novel sandwich panel mirror facet structures, analysing and testing wind loads on heliostats in both stow and operation positions, and developing new heliostat field layouts and software tools for optical analysis of heliostats design concepts.