Brightstar Resources Limited ( (AU:BTR) ) has issued an announcement.
Cazaly Resources Limited has entered into a joint venture agreement with Brightstar Resources Limited to earn up to an 80% stake in the Goongarrie Gold Project, located in the prolific Kalgoorlie-Menzies district of Western Australia. This strategic move allows Cazaly to explore a substantial area within a renowned gold mining zone, capitalizing on the rising gold prices. The project offers significant exploration potential with several high-priority drill targets, and Cazaly plans to invest up to $3 million in exploration activities, aiming to unlock untapped resources and maximize shareholder value.
More about Brightstar Resources Limited
YTD Price Performance: 5.00%
Average Trading Volume: 18,444,879
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$228.1M
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