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An update from Brightstar Resources Limited ( (AU:BTR) ) is now available.
Brightstar Resources Limited has received approval from the Supreme Court of Western Australia for its acquisition of Aurumin Limited through a court-approved scheme of arrangement. This acquisition consolidates the Sandstone Gold Project under Brightstar’s ownership, enhancing its Mineral Resource Estimate and positioning the company for significant growth. The consolidation is expected to increase the total Mineral Resource Estimate to 3.9 million ounces of gold, with plans for further exploration and development to achieve a production target of over 200,000 ounces per annum. This strategic move is anticipated to strengthen Brightstar’s position in the gold mining industry, offering potential long-term benefits for stakeholders.
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 gold mining industry, focusing on the exploration and development of gold projects in Western Australia. Its primary assets include the Menzies, Laverton, and Sandstone Gold Projects, with a strategic goal to become an emerging mid-tier gold producer.
Average Trading Volume: 4,185,324
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$269.4M
See more data about BTR stock on TipRanks’ Stock Analysis page.