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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 aim of commencing gold production by the second half of 2028. This development is part of Brightstar’s strategy to increase its production profile to over 200,000 ounces per annum by 2029. However, these plans are currently aspirational as the company has not yet completed a pre-feasibility study for the Sandstone project, and substantial further work is required to establish production targets or forecast financial information.
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 production industry, focusing on developing gold projects in Western Australia. The company is working towards becoming a significant gold producer with its operations centered around the Laverton and Menzies hubs.
Average Trading Volume: 3,768,587
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$249.1M
For an in-depth examination of BTR stock, go to TipRanks’ Overview page.