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An announcement from Brightstar Resources Limited ( (AU:BTR) ) is now available.
Brightstar Resources Limited has announced its aspirations to construct a Sandstone processing plant by the second half of 2027, with the goal of achieving first gold production by the second half of 2028. The company aims to increase its production profile to over 200,000 ounces per annum by 2029. However, these plans are currently aspirational as a pre-feasibility study for the Sandstone project has not yet been completed, and substantial further work is required before any production targets or financial forecasts can be published.
The most recent analyst rating on (AU:BTR) stock is a Buy with a A$1.21 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 focused on gold production in Western Australia. The company is working on expanding its production capabilities with a focus on its Laverton and Menzies hubs.
Average Trading Volume: 2,702,111
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$249.1M
See more insights into BTR stock on TipRanks’ Stock Analysis page.