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Bathurst Resources Ltd ( (AU:BRL) ) just unveiled an update.
Bathurst Resources Limited has released the results of a Prefeasibility Study for the Buller Plateaux Continuation Project, confirming coal reserves of 11.8 million tonnes. The project aims to extend the life of operations at the Stockton Mine and involves blending coal from new developments with existing resources. The study highlights the project’s economic viability with a post-tax Net Present Value of NZ$323 million and emphasizes its significance to the Buller region, supported by low capital requirements and fast-track development permissions.
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 focusing on steelmaking coal. The company is involved in joint projects, such as the Buller Plateaux Continuation Project, and has a significant market presence in New Zealand.
Average Trading Volume: 45,558
Technical Sentiment Signal: Sell
Current Market Cap: A$153.6M
See more data about BRL stock on TipRanks’ Stock Analysis page.