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Brightstar Resources Limited ( (AU:BTR) ) has shared an announcement.
Brightstar Resources has reported new high-grade reverse circulation drilling results from the Lord Byron deposit, part of its 1.6-million-ounce Goldfields Hub in Western Australia, and used the data to update the project’s Mineral Resource Estimate. The latest campaigns, which targeted southern extensions of the deposit, delivered significant intercepts and drove a 6% increase in total resources to 5.4 million tonnes at 1.5 grams per tonne for 267,000 ounces of gold, along with an 8% rise in higher-confidence measured and indicated resources to 122,000 ounces at 1.6 grams per tonne. By converting shallow oxide ounces from inferred to indicated and confirming the southern lode remains open along strike and at depth, the work strengthens the resource base feeding into the company’s upcoming DFS2.0 and mine planning, supporting its goal of reaching a final investment decision and commencing approved mining operations at Lord Byron in 2026.
The most recent analyst rating on (AU:BTR) stock is a Hold with a A$0.54 price target. To see the full list of analyst forecasts on Brightstar Resources Limited stock, see the AU:BTR Stock Forecast page.
More about Brightstar Resources Limited
Brightstar Resources Limited is an Australian gold exploration and development company listed on the ASX, focused on its Goldfields Hub in Western Australia, which hosts a multi-deposit gold resource. The company’s activities centre on advancing these gold assets through drilling, resource upgrades and technical studies to support near-term mining and production plans.
Average Trading Volume: 4,484,620
Technical Sentiment Signal: Buy
Current Market Cap: A$371.3M
For detailed information about BTR stock, go to TipRanks’ Stock Analysis page.