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The latest announcement is out from Brightstar Resources Limited ( (AU:BTR) ).
Brightstar Resources Limited has announced a significant 22% upgrade in its Mineral Resource Estimates (MRE) at the Menzies Gold Project, particularly at the Yunndaga and Lady Shenton deposits. This upgrade, resulting from recent drilling programs, aims to support future mining operations and enhance the company’s operational readiness. The increased MRE, now exceeding 4.0Moz at 1.5g/t Au, is expected to underpin updated mine plans and production metrics in the upcoming Goldfields DFS 2.0. The company’s strategic focus on de-risking and optimizing these projects positions it well for near-term development and robust mining operations, with further resource upgrades anticipated into 2026.
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 deposits. Its primary projects include the Menzies and Laverton Gold Projects, with a market focus on advancing these projects towards production.
Average Trading Volume: 3,962,467
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$321.8M
For an in-depth examination of BTR stock, go to TipRanks’ Overview page.