Brightstar Wins Key Approval to Fast-Track Lady Shenton Open Pit into Production

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

Brightstar Resources has secured regulatory approval from Western Australia’s Department of Mines, Petroleum and Exploration for its Mining Development and Closure Proposal at the Lady Shenton open pit in Menzies, completing the key permitting steps needed to move the 352koz deposit into production. With the native vegetation clearing permit already granted, Lady Shenton is now considered “mine ready” and is planned to supply ore to Brightstar’s proposed CIL processing plant in Laverton, with updated mine plans for both Lady Shenton and the Yunndaga underground operation to be incorporated into the forthcoming DFS2.0. The approval marks a significant milestone in bringing the Goldfields Hub closer to development, supports Brightstar’s goal of scaling up production in a favourable gold price environment, and underpins its broader ambition to develop both the Goldfields and Sandstone projects into a multi-asset production portfolio in the coming years.

The most recent analyst rating on (AU:BTR) stock is a Hold with a A$0.52 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 an Australian gold producer and developer focused on Western Australia, with operations and projects centred on the Goldfields Hub (including Menzies and Laverton) and the Sandstone Gold Project. The company operates two owner-operator underground mines, is advancing its 1.6Moz Goldfields Hub toward development, and holds over 4Moz of Mineral Resources on granted mining leases as it pursues a strategy to become a multi-asset, mid-tier WA gold producer.

Average Trading Volume: 4,530,074

Technical Sentiment Signal: Buy

Current Market Cap: A$371.3M

See more data about BTR stock on TipRanks’ Stock Analysis page.