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Brightstar Resources Limited ( (AU:BTR) ) just unveiled an announcement.
Brightstar Resources Limited has entered into a Scheme Implementation Deed with Aurumin Limited to acquire 100% of Aurumin’s issued capital, aiming to consolidate their resources and accelerate the development of the Sandstone Gold district. The deal, valued at approximately $60 million, includes a $50 million capital raise by Brightstar to fast-track growth and establish a district-scale open pit development opportunity, enhancing their market position and providing greater certainty for infrastructure development in the region.
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 West Australian gold explorer, developer, and producer focused on creating a significant exploration and development platform in the gold industry.
Average Trading Volume: 1,910,065
Technical Sentiment Signal: Buy
Current Market Cap: A$255.2M
For detailed information about BTR stock, go to TipRanks’ Stock Analysis page.