Brightstar Raises A$180m to Fast-Track Goldfields and Sandstone Growth Push

Brightstar Resources Limited ( (AU:BTR) ) has shared an announcement.

Brightstar Resources has secured firm commitments for a A$175 million two-tranche institutional placement at A$0.50 per share, alongside a targeted A$5 million share purchase plan, to fully fund the equity component required to construct its Goldfields Project and progress the Sandstone Gold Project to a final investment decision. The capital injection leaves the company well-funded to execute an updated Definitive Feasibility Study at Goldfields that outlines a six-year mine life producing more than 75,000 ounces of gold per year, with robust project economics including pre-tax NPV and free cash flow projections, supporting a planned construction start in March quarter 2026 and first gold in June quarter 2027; management also positions the strong future cash flows from Goldfields as a cornerstone for financing Sandstone’s development and advancing its ambition to become a multi-asset, mid-tier Western Australian gold producer.

The most recent analyst rating on (AU:BTR) stock is a Hold with a A$0.63 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 developer listed on the ASX, focused on advancing its 100%-owned Goldfields and Sandstone gold projects in Western Australia. The company’s strategy centres on developing a multi-asset production base in the WA Goldfields, underpinned by a planned 1.5Mtpa processing plant at Laverton and a longer-term goal of becoming a +200,000oz per annum producer.

Average Trading Volume: 5,659,536

Technical Sentiment Signal: Buy

Current Market Cap: A$448.4M

For a thorough assessment of BTR stock, go to TipRanks’ Stock Analysis page.