tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Brightstar Resources Reports Promising Drilling Results at Yunndaga

Story Highlights
Brightstar Resources Reports Promising Drilling Results at Yunndaga

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

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

Brightstar Resources Limited has announced significant results from its recent 6,400-meter reverse circulation and diamond drilling program at the Yunndaga deposit, part of the Menzies Gold Project. The drilling has confirmed high-grade gold mineralization and visible gold in multiple holes, supporting the potential for a substantial underground mining operation. These results are expected to contribute to an upgrade in the Mineral Resource Estimate and the declaration of maiden underground ore reserves by late 2025, enhancing the company’s operational prospects and positioning in the gold mining sector.

The most recent analyst rating on (AU:BTR) stock is a Buy with a A$1.14 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 mining industry, focusing on gold exploration and development. Its primary projects are located in the Menzies and Laverton regions, with a market focus on high-grade underground gold mining operations.

Average Trading Volume: 2,621,868

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$252M

Find detailed analytics on BTR stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1