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Bathurst Resources Ltd ( (AU:BRL) ) has provided an announcement.
Bathurst Resources Limited has announced a significant increase in its marketable reserves, which have risen by 27.2 million tonnes to 33.9 million tonnes as of June 2025. This increase is attributed to the completion of the Buller Plateau Continuation Project and the updated Definitive Feasibility Study for the Tenas project. However, total resources have decreased slightly due to changes in economic extraction assessments and mining depletion. These updates indicate a strategic enhancement of Bathurst’s operational capacity and resource management, potentially strengthening its position in the coal mining sector.
The most recent analyst rating on (AU:BRL) stock is a Buy with a A$0.88 price target. To see the full list of analyst forecasts on Bathurst Resources Ltd stock, see the AU:BRL Stock Forecast page.
More about Bathurst Resources Ltd
Bathurst Resources Limited is a company operating in the coal mining industry, primarily focused on the extraction and production of coal resources. The company is involved in various projects and mining permits, with a market focus on expanding its reserves and resources through strategic project developments and feasibility studies.
Average Trading Volume: 45,558
Technical Sentiment Signal: Sell
Current Market Cap: A$153.6M
Learn more about BRL stock on TipRanks’ Stock Analysis page.