Brightstar Resources Aims for Major Expansion in Gold Production

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

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. This initiative aligns with the company’s plan to increase its production profile to over 200,000 ounces per annum by 2029. However, these plans are currently aspirational as the company has yet to complete a pre-feasibility study for the Sandstone project, indicating that substantial further work is required to establish production targets and financial forecasts.

The most recent analyst rating on (AU:BTR) stock is a Buy with a A$0.06 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 becoming a leading gold producer in Western Australia. The company is involved in the exploration and development of gold projects, with a market focus on expanding its production capabilities through strategic projects in the Laverton and Menzies regions.

Average Trading Volume: 1,525,095

Technical Sentiment Signal: Buy

Current Market Cap: A$333.2M

For detailed information about BTR stock, go to TipRanks’ Stock Analysis page.