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Brightstar Resources Limited ( (AU:BTR) ) has shared an update.
Brightstar Resources Limited has completed its largest-ever processing campaign, achieving a record parcel of 83,000 tonnes of ore with a grade of 2.84g/t gold, resulting in approximately 6,300 ounces of recovered gold. This milestone was reached through the company’s operations at the Laverton underground mines, including the newly discovered high-grade ‘FTV Lode’ at the Second Fortune mine, which extends the orebody strike by over 30%. The discovery of the FTV Lode presents an opportunity for low-capex, high-margin production, enhancing Brightstar’s operational and financial performance.
The most recent analyst rating on (AU:BTR) stock is a Buy with a A$1.27 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 a company operating in the mining industry, primarily focused on gold production. The company sources ore from its underground mines, particularly in the Laverton area, and is involved in processing campaigns under agreements with other mining entities.
Average Trading Volume: 3,792,983
Technical Sentiment Signal: Sell
Current Market Cap: A$281M
Learn more about BTR stock on TipRanks’ Stock Analysis page.