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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.