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Brightstar Resources Limited
(Sydney:BTR)
Brightstar Resources Limited (BTR) vs. iShares MSCI Australia ETF (EWA)
Brightstar Resources Limited Business Overview & Revenue Model
Brightstar Resources Limited Financial Statement Overview
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 33.51M | 1.05M | 0.00 | 0.00 | 96.06K |
| Gross Profit | -26.71M | -14.63M | -309.47K | -462.00K | -236.00K |
| EBITDA | -37.59M | -13.60M | 2.27M | -2.53M | 1.01M |
| Net Income | -46.07M | -6.39M | 1.94M | -3.95M | 60.55M |
Balance Sheet | |||||
| Total Assets | 220.22M | 110.18M | 39.33M | 15.02M | 10.81M |
| Cash, Cash Equivalents and Short-Term Investments | 11.66M | 7.96M | 425.71K | 1.60M | 985.04K |
| Total Debt | 30.97M | 2.63M | 1.17M | 643.64K | 645.64K |
| Total Liabilities | 74.05M | 41.10M | 5.91M | 10.38M | 8.48M |
| Stockholders Equity | 146.17M | 69.08M | 33.42M | 4.65M | 2.33M |
Cash Flow | |||||
| Free Cash Flow | -54.85M | -8.62M | -3.41M | -3.92M | -1.70M |
| Operating Cash Flow | -30.93M | 130.32K | -798.24K | -1.39M | -844.13K |
| Investing Cash Flow | -28.17M | -11.17M | -2.46M | -2.53M | 4.04M |
| Financing Cash Flow | 62.80M | 18.58M | 2.08M | 4.54M | -2.26M |
Brightstar Resources Limited Technical Analysis
Brightstar Resources Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$339.47M | 10.21 | 13.71% | 3.30% | 48.57% | 666.83% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | AU$284.34M | -34.19 | -8.09% | ― | ― | -10.71% | |
55 Neutral | AU$630.87M | -73.08 | -3.24% | ― | ― | 30.85% | |
52 Neutral | AU$468.27M | -115.22 | -4.34% | ― | ― | 28.13% | |
45 Neutral | AU$445.97M | -4.25 | -42.80% | ― | 3078.36% | -93.66% | |
44 Neutral | AU$321.92M | -4.60 | -209.77% | ― | ― | -965.24% |
Brightstar Resources Limited Corporate Events
Brightstar Resources has issued 386,400 fully paid ordinary shares on 23 February 2026 without a prospectus, relying on provisions of the Corporations Act that allow such placements. The company stated it is up to date with its financial reporting and continuous disclosure obligations, and affirmed there is no undisclosed information that investors would reasonably need to assess its financial position or the rights attached to the new shares.
This assurance is intended to support the liquidity and tradability of the newly issued shares while signalling regulatory compliance to the market. For existing and potential investors, the notice indicates that the capital raising has been conducted within standard Australian regulatory settings, with no hidden risks or material information gaps flagged by the board.
The most recent analyst rating on (AU:BTR) stock is a Sell with a A$0.46 price target. To see the full list of analyst forecasts on Brightstar Resources Limited stock, see the AU:BTR Stock Forecast page.
Brightstar Resources Limited has applied for quotation on the ASX of 386,400 ordinary fully paid shares, following the exercise or conversion of existing options or other convertible securities. The new shares, issued on 23 February 2026, modestly expand the company’s listed capital base and signal continued use of equity markets to fund its activities and maintain liquidity for shareholders.
The most recent analyst rating on (AU:BTR) stock is a Sell with a A$0.46 price target. To see the full list of analyst forecasts on Brightstar Resources Limited stock, see the AU:BTR Stock Forecast page.
Brightstar Resources has reported impressive maiden diamond drilling and additional reverse circulation results from its Sandstone Hub, including a standout intercept of 4.2 metres at 26.7 grams per tonne gold at the Musketeer deposit. The drilling, which targets infill and extensional growth across the Indomitable, Vanguard and other deposits, is designed to support an upcoming Mineral Resource update and the Sandstone pre-feasibility study.
Assays from a further 31 diamond holes are still pending, while a 2026 campaign with two RC and two diamond rigs is underway to complete PFS-focused infill and pursue resource growth. With several key deposits never historically mined and a strong balance sheet to fund exploration and studies, Brightstar aims to de-risk Sandstone, upgrade its Mineral Resource by the June quarter of 2026 and position the project for a future development decision.
The most recent analyst rating on (AU:BTR) stock is a Sell with a A$0.46 price target. To see the full list of analyst forecasts on Brightstar Resources Limited stock, see the AU:BTR Stock Forecast page.
Brightstar Resources has notified shareholders it will hold a General Meeting on 12 March 2026 in Perth, Western Australia, and is urging investors to participate via directed proxy votes and by submitting questions in advance. In line with Australian corporate law, the company will provide the Notice of Meeting and Explanatory Memorandum electronically through its website, ASX platform, and investor portal, while offering support for shareholders who require assistance accessing documents or lodging proxies online.
The most recent analyst rating on (AU:BTR) stock is a Sell with a A$0.46 price target. To see the full list of analyst forecasts on Brightstar Resources Limited stock, see the AU:BTR Stock Forecast page.
Brightstar Resources Limited has called a general meeting of shareholders for 10:00 a.m. AWST on 12 March 2026 in Perth, where investors will vote on key equity placement resolutions. The meeting will determine voting eligibility as at 10 March 2026 and encourages shareholders to attend in person or lodge proxy forms.
Shareholders will be asked to ratify the prior issue of 105,602,938 Tranche 1 placement shares and to approve the issue of up to 244,397,062 Tranche 2 placement shares under ASX Listing Rule 7.1. The outcome will confirm and potentially expand Brightstar’s share capital base, affecting dilution levels and providing funding flexibility, with voting exclusions applied to participants in these placements.
The most recent analyst rating on (AU:BTR) stock is a Sell with a A$0.46 price target. To see the full list of analyst forecasts on Brightstar Resources Limited stock, see the AU:BTR Stock Forecast page.
Brightstar Resources has opened a share purchase plan aiming to raise about A$5 million, following a recent placement to institutional and sophisticated investors. The offer is available exclusively to eligible shareholders in Australia and New Zealand who were on the register at 5:00pm AWST on 30 January 2026 and is scheduled to close at 5:00pm AWST on 27 February 2026.
Participation in the plan is optional, with shareholders able to apply for parcels of new fully paid ordinary shares valued between A$2,000 and A$30,000, subject to an overall cap of A$30,000 per holder. The non-underwritten raising gives existing investors the opportunity to maintain or increase their holdings on the same terms as the recent placement, potentially broadening the shareholder base and strengthening the company’s capital position without accessing U.S. markets.
The most recent analyst rating on (AU:BTR) stock is a Sell with a A$0.46 price target. To see the full list of analyst forecasts on Brightstar Resources Limited stock, see the AU:BTR Stock Forecast page.
Brightstar Resources Limited has issued 105,602,938 fully paid ordinary shares on 10 February 2026 without a prospectus, relying on provisions of the Corporations Act that allow certain share issues without formal disclosure. The company states it is up to date with its financial reporting and continuous disclosure obligations, and that there is no undisclosed information material to assessing its financial position or the rights attached to the new shares.
The notice also operates as a cleansing notice for Brightstar’s share purchase plan, confirming that investors can trade the new shares without further disclosure documentation under ASIC relief. This move streamlines the company’s capital-raising process while signalling regulatory compliance, providing assurance to existing and potential shareholders regarding transparency and the tradability of the newly issued stock.
The most recent analyst rating on (AU:BTR) stock is a Sell with a A$0.46 price target. To see the full list of analyst forecasts on Brightstar Resources Limited stock, see the AU:BTR Stock Forecast page.
Brightstar Resources Limited has applied for quotation on the ASX of 105,602,938 ordinary fully paid shares under the code BTR, with an issue date of 10 February 2026. The new securities, issued under a previously announced transaction, will expand the company’s quoted share base and may influence its capital structure, liquidity and market valuation for existing and prospective investors.
The most recent analyst rating on (AU:BTR) stock is a Sell with a A$0.46 price target. To see the full list of analyst forecasts on Brightstar Resources Limited stock, see the AU:BTR Stock Forecast page.
Brightstar Resources Limited has clarified the structure of its latest equity placement, updating investors on how the new securities will be allocated between its existing issuance capacity and shares requiring shareholder approval. The company plans to issue a total of 350 million new shares in two tranches, with 105.6 million shares to be issued under its existing ASX Listing Rule 7.1 capacity and a further 244.4 million shares subject to shareholder approval, signalling a substantial capital raising that could significantly bolster its funding base and potentially dilute existing holdings depending on final terms and investor participation.
The most recent analyst rating on (AU:BTR) stock is a Sell with a A$0.46 price target. To see the full list of analyst forecasts on Brightstar Resources Limited stock, see the AU:BTR Stock Forecast page.
Brightstar Resources Limited has announced a proposed issue of up to 10 million new fully paid ordinary shares under a securities purchase plan (SPP) for existing shareholders. The SPP, which has a record date of 30 January 2026, will close on 27 February 2026 with new shares expected to be issued on 6 March 2026, indicating the company is seeking to raise additional equity capital that may support its ongoing activities and balance sheet while offering current investors an opportunity to increase their holdings without brokerage costs.
The most recent analyst rating on (AU:BTR) stock is a Hold with a A$0.63 price target. To see the full list of analyst forecasts on Brightstar Resources Limited stock, see the AU:BTR Stock Forecast page.
Brightstar Resources Limited has lodged an Appendix 3B notice with the ASX outlining a proposed capital raising through the issue of new ordinary fully paid shares. The company, listed under the code BTR, has not provided additional operational or strategic context for the raise in this filing.
Under the proposal, Brightstar plans to issue up to 350 million new ordinary fully paid shares via a placement or similar type of securities issue, with a proposed issue date of 10 February 2025. The move will significantly increase the company’s share base, with implications for existing shareholders’ dilution and providing additional capital that may be used to support future corporate or project activities, although specific uses of funds are not detailed in this announcement.
The most recent analyst rating on (AU:BTR) stock is a Hold with a A$0.63 price target. To see the full list of analyst forecasts on Brightstar Resources Limited stock, see the AU:BTR Stock Forecast page.
Brightstar Resources has secured firm commitments for a A$175 million two-tranche institutional placement at A$0.50 per share, alongside a targeted A$5 million share purchase plan, to fully fund the equity component required to construct its Goldfields Project and progress the Sandstone Gold Project to a final investment decision. The capital injection leaves the company well-funded to execute an updated Definitive Feasibility Study at Goldfields that outlines a six-year mine life producing more than 75,000 ounces of gold per year, with robust project economics including pre-tax NPV and free cash flow projections, supporting a planned construction start in March quarter 2026 and first gold in June quarter 2027; management also positions the strong future cash flows from Goldfields as a cornerstone for financing Sandstone’s development and advancing its ambition to become a multi-asset, mid-tier Western Australian gold producer.
The most recent analyst rating on (AU:BTR) stock is a Hold with a A$0.63 price target. To see the full list of analyst forecasts on Brightstar Resources Limited stock, see the AU:BTR Stock Forecast page.
Brightstar Resources has released an updated Goldfields definitive feasibility study outlining its development pathway across the Laverton, Menzies and Sandstone hubs, positioning the company as a growing Western Australian gold producer. The release emphasises that certain production and development timelines for the Sandstone processing plant and future group output remain aspirational rather than formal production targets, with substantial technical, permitting and engineering work still required before the company can publish definitive production forecasts, underscoring both the growth potential and the execution risks for investors and other stakeholders.
The most recent analyst rating on (AU:BTR) stock is a Hold with a A$0.60 price target. To see the full list of analyst forecasts on Brightstar Resources Limited stock, see the AU:BTR Stock Forecast page.
Brightstar Resources has delivered an updated definitive feasibility study for its Goldfields Project in Western Australia, shifting from a Menzies toll-milling model to a consolidated processing strategy at Laverton. The revised plan right-sizes the processing plant to 1.5Mtpa, extendable to 2.5Mtpa, and is underpinned by upgraded mineral resources and increased ore reserves, supporting initial mine production of 9.4Mt at 1.7g/t for 457,000 ounces over about six years at more than 75,000 ounces per year. At a base case gold price of A$6,000/oz, the study outlines project revenue of A$2.7 billion, pre-tax free cash flow of A$1.0 billion, a pre-tax NPV8 of A$606 million and a 74% IRR, with payback expected 17 months after commissioning and peak pre-production funding of A$188 million. Brightstar is advancing a funding package, including targeted debt of up to A$150 million, and plans to use cash flows from the Goldfields Hub to materially de-risk and help fund future development of the Sandstone Gold Project, reinforcing its ambition to become a meaningful gold producer in Western Australia.
The most recent analyst rating on (AU:BTR) stock is a Hold with a A$0.60 price target. To see the full list of analyst forecasts on Brightstar Resources Limited stock, see the AU:BTR Stock Forecast page.
Brightstar Resources has requested and been granted a trading halt in its securities on the ASX as it progresses a potential capital raising, with the halt effective from 29 January 2026. The suspension will remain in place until either the start of normal trading on 2 February 2026 or the release of an announcement detailing firm commitments for the raising, a move intended to help the company manage its disclosure obligations and maintain an orderly market while the funding initiative is finalised.
The most recent analyst rating on (AU:BTR) stock is a Hold with a A$0.60 price target. To see the full list of analyst forecasts on Brightstar Resources Limited stock, see the AU:BTR Stock Forecast page.
Brightstar Resources has reported significant early-stage exploration success from a 22,000-metre aircore drilling program at its Sandstone Hub in Western Australia, with standout gold intercepts at the Indomitable North and Bollinger prospects near the existing 0.3-million-ounce Indomitable resource. The promising first-pass results have generated high-priority targets for follow-up reverse circulation and diamond drilling set to begin in 2026, supporting Brightstar’s strategy to grow resources, enhance geological and metallurgical understanding, and advance the Sandstone project toward development and an upcoming pre-feasibility study, potentially strengthening its position in the regional gold sector.
The most recent analyst rating on (AU:BTR) stock is a Hold with a A$0.60 price target. To see the full list of analyst forecasts on Brightstar Resources Limited stock, see the AU:BTR Stock Forecast page.
Brightstar Resources has outlined a two-year strategic plan to transform its Sandstone Gold Project into a district-scale, long-life production centre, following the December 2025 acquisition of Aurumin that completed its M&A-led consolidation phase. The company is now focused on operational delivery, advancing a Sandstone pre-feasibility study scheduled for early September quarter 2026, underpinned by extensive infill drilling to upgrade Mineral Resources, technical studies to support a maiden Ore Reserve, and the design of an optimally sized 4–5Mtpa processing plant leveraging 1.6Moz of shallow mineralisation. With three rigs mobilising for predominantly growth-focused drilling in 2026, nearly all mineralisation amenable to open-pit mining and an aspirational project start at Sandstone by late 2027, Brightstar aims for Sandstone’s future production to complement its planned Goldfields hub, strengthening its pathway toward mid-tier gold producer status and enhancing the value proposition for shareholders and regional stakeholders.
The most recent analyst rating on (AU:BTR) stock is a Hold with a A$0.60 price target. To see the full list of analyst forecasts on Brightstar Resources Limited stock, see the AU:BTR Stock Forecast page.
Brightstar Resources Limited has issued 1,373,872 fully paid ordinary shares on 15 January 2026, expanding its capital base in line with ASX listing and Australian corporate law requirements. The company confirmed that the shares were issued without a full prospectus under the relevant Corporations Act provisions, while affirming its compliance with financial reporting and continuous disclosure obligations, and stating there is no undisclosed information material to assessing the company or the rights attached to the new shares, providing reassurance to existing and potential investors about regulatory transparency and governance standards.
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.
Brightstar Resources Limited has applied to the ASX for quotation of 1,373,872 new fully paid ordinary shares under its existing issuer code BTR. The additional securities, issued on 15 January 2026 following the exercise or conversion of existing options or other convertible securities, will modestly increase the company’s listed share capital and may provide incremental funding flexibility and liquidity for shareholders, though the announcement itself contains no further operational or strategic detail.
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.
Brightstar Resources Limited has issued 3,000,000 fully paid ordinary shares on 14 January 2026 and confirmed that this capital raising was conducted without a prospectus-style disclosure under the relevant section of the Corporations Act. The company also affirmed its ongoing compliance with financial reporting and continuous disclosure obligations and stated that there is no withheld information material to assessing its financial position, prospects, or the rights attached to the new shares, signalling regulatory transparency for existing and prospective shareholders.
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.
Brightstar Resources Limited has announced the issue and quotation of 3,000,000 new fully paid ordinary shares on the ASX under the ticker BTR, effective 14 January 2026. The move modestly enlarges the company’s quoted capital base, signaling a small capital-raising or conversion event that may provide additional funding flexibility for its operations while incrementally diluting existing shareholders.
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.
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.
Brightstar Resources has reported new high-grade reverse circulation drilling results from the Lord Byron deposit, part of its 1.6-million-ounce Goldfields Hub in Western Australia, and used the data to update the project’s Mineral Resource Estimate. The latest campaigns, which targeted southern extensions of the deposit, delivered significant intercepts and drove a 6% increase in total resources to 5.4 million tonnes at 1.5 grams per tonne for 267,000 ounces of gold, along with an 8% rise in higher-confidence measured and indicated resources to 122,000 ounces at 1.6 grams per tonne. By converting shallow oxide ounces from inferred to indicated and confirming the southern lode remains open along strike and at depth, the work strengthens the resource base feeding into the company’s upcoming DFS2.0 and mine planning, supporting its goal of reaching a final investment decision and commencing approved mining operations at Lord Byron in 2026.
The most recent analyst rating on (AU:BTR) stock is a Hold with a A$0.54 price target. To see the full list of analyst forecasts on Brightstar Resources Limited stock, see the AU:BTR Stock Forecast page.
Brightstar Resources Limited has reported a change in the indirect interests of director Alex Rovira following the issue of new unlisted, unvested share performance rights approved at the company’s 2025 annual general meeting. Through associated entities Sol Sal Investments Pty Ltd, Las Olas Investments Pty Ltd, and AR Super WA Pty Ltd, Rovira has been granted an additional 178,571 performance rights expiring 31 December 2027 and 2,500,000 performance rights expiring 31 December 2029, increasing his exposure to the company’s equity without any cash consideration. The move aligns Rovira’s remuneration more closely with Brightstar’s future share performance and underscores the company’s use of equity-based incentives to retain and motivate key management, potentially affecting future dilution for existing shareholders if the rights vest and convert into ordinary shares.
The most recent analyst rating on (AU:BTR) stock is a Hold with a A$0.54 price target. To see the full list of analyst forecasts on Brightstar Resources Limited stock, see the AU:BTR Stock Forecast page.
Brightstar Resources Limited has issued 10.15 million long-term share performance rights under its employee incentive scheme, with an expiry date of 31 December 2029. The unquoted securities, not intended for ASX listing, are designed to align staff and executive interests with longer-term shareholder value, signalling the company’s focus on incentivising performance and strengthening talent retention ahead of its future strategic and operational milestones.
The most recent analyst rating on (AU:BTR) stock is a Hold with a A$0.54 price target. To see the full list of analyst forecasts on Brightstar Resources Limited stock, see the AU:BTR Stock Forecast page.
Brightstar Resources Limited has notified the market of the issue of 321,428 unquoted share performance rights under the existing BTRAH class and a further 4.5 million long-term share performance rights expiring on 31 December 2029. The new equity awards, which are unquoted and not intended to be quoted on the ASX, indicate the company is expanding its performance-based remuneration or incentive structures, potentially strengthening management and employee alignment with long-term shareholder value, but also modestly increasing overall equity-based compensation in its capital structure.
The most recent analyst rating on (AU:BTR) stock is a Hold with a A$0.54 price target. To see the full list of analyst forecasts on Brightstar Resources Limited stock, see the AU:BTR Stock Forecast page.
Brightstar Resources has reported reconciled November production of 4,652 ounces of gold from its latest processing campaign at Genesis Minerals’ Laverton Mill, a downward revision from an earlier unreconciled estimate of 6,300 ounces due to final gold-in-circuit reconciliation showing lower-than-expected recoveries of 75%. The company, together with independent metallurgical advisers, has attributed the weaker recoveries to sub-optimal leaching conditions linked to a higher proportion of pyrrhotite-bearing ore from the Fish mine, but remains confident that adjusting leach conditions will restore recoveries to historical levels above 90%, as demonstrated in prior campaigns and test work. Management stressed that mining operations are performing well, with the Fish mine exceeding budget in tonnes, grade, and ounces at lower costs, and reiterated its focus on completing updated technical studies (DFS 2.0) aimed at lifting projected annual production and improving financial outcomes, reinforcing Brightstar’s positioning as an unhedged gold producer and near-term project developer in the Goldfields.
The most recent analyst rating on (AU:BTR) stock is a Hold with a A$0.54 price target. To see the full list of analyst forecasts on Brightstar Resources Limited stock, see the AU:BTR Stock Forecast page.
Brightstar Resources Limited has announced a significant 22% upgrade in its Mineral Resource Estimates (MRE) at the Menzies Gold Project, particularly at the Yunndaga and Lady Shenton deposits. This upgrade, resulting from recent drilling programs, aims to support future mining operations and enhance the company’s operational readiness. The increased MRE, now exceeding 4.0Moz at 1.5g/t Au, is expected to underpin updated mine plans and production metrics in the upcoming Goldfields DFS 2.0. The company’s strategic focus on de-risking and optimizing these projects positions it well for near-term development and robust mining operations, with further resource upgrades anticipated into 2026.
The most recent analyst rating on (AU:BTR) stock is a Buy with a A$1.27 price target. To see the full list of analyst forecasts on Brightstar Resources Limited stock, see the AU:BTR Stock Forecast page.
Brightstar Resources Limited has announced the cessation of Ashley Fraser as a director, effective December 2, 2025. The company disclosed Fraser’s interests in securities, including direct holdings of 122,960 fully-paid ordinary shares and indirect interests through Blue Capital Equities Pty Ltd and his son, Jacob Fraser. This transition may impact the company’s governance and shareholder dynamics, as Fraser held significant shares and had contractual interests under the LBM SSSA Variation Agreement, which involves potential issuance of shares subject to milestone achievements.
The most recent analyst rating on (AU:BTR) stock is a Buy with a A$1.27 price target. To see the full list of analyst forecasts on Brightstar Resources Limited stock, see the AU:BTR Stock Forecast page.
Brightstar Resources Limited announced the resignation of Mr. Ashley Fraser as a Non-Executive Director, effective December 2, 2025. Mr. Fraser, who joined the board following the acquisition of Linden Gold Alliance Limited in 2024, has been acknowledged for his valuable contributions. The company looks forward to maintaining a strong relationship with Mr. Fraser and the Blue Cap Mining Group, enhancing its industry positioning and stakeholder relations.
The most recent analyst rating on (AU:BTR) stock is a Buy with a A$1.27 price target. To see the full list of analyst forecasts on Brightstar Resources Limited stock, see the AU:BTR Stock Forecast page.
Brightstar Resources Limited, a company listed on the ASX, has successfully implemented schemes of arrangement to acquire 100% of Aurumin Limited’s shares, resulting in the cancellation of Aurumin options in exchange for new Brightstar options. This strategic move leads to a complete transfer of shares and options to Brightstar, with significant changes in Aurumin’s board and management. The acquisition is set to impact Aurumin’s market presence as it will be removed from the ASX official list, and its annual general meeting for the financial year ended June 2025 will not be held.
The most recent analyst rating on (AU:BTR) stock is a Buy with a A$1.27 price target. To see the full list of analyst forecasts on Brightstar Resources Limited stock, see the AU:BTR Stock Forecast page.
Brightstar Resources Limited has announced the quotation of 128,002,171 fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code BTRNB. This move is part of previously announced transactions aimed at strengthening the company’s financial position and supporting its strategic growth initiatives.
The most recent analyst rating on (AU:BTR) stock is a Buy with a A$1.27 price target. To see the full list of analyst forecasts on Brightstar Resources Limited stock, see the AU:BTR Stock Forecast page.
Brightstar Resources Limited has announced the issuance of unquoted equity securities in the form of unlisted options. These options have various exercise prices and expiration dates, with a significant number being issued to support the company’s strategic initiatives. This move is likely to impact the company’s financial structure and could influence its market positioning by providing additional capital for future projects.
The most recent analyst rating on (AU:BTR) stock is a Buy with a A$1.27 price target. To see the full list of analyst forecasts on Brightstar Resources Limited stock, see the AU:BTR Stock Forecast page.
Brightstar Resources Limited has completed its largest-ever processing campaign, achieving a record parcel of 83,000 tonnes of ore with a grade of 2.84g/t gold, resulting in approximately 6,300 ounces of recovered gold. This milestone was reached through the company’s operations at the Laverton underground mines, including the newly discovered high-grade ‘FTV Lode’ at the Second Fortune mine, which extends the orebody strike by over 30%. The discovery of the FTV Lode presents an opportunity for low-capex, high-margin production, enhancing Brightstar’s operational and financial performance.
The most recent analyst rating on (AU:BTR) stock is a Buy with a A$1.27 price target. To see the full list of analyst forecasts on Brightstar Resources Limited stock, see the AU:BTR Stock Forecast page.
Brightstar Resources Limited has announced its aspirations to construct a Sandstone processing plant by the second half of 2027, with the aim of commencing gold production by the second half of 2028. This development is part of Brightstar’s strategy to increase its production profile to over 200,000 ounces per annum by 2029. However, these plans are currently aspirational as the company has not yet completed a pre-feasibility study for the Sandstone project, and substantial further work is required to establish production targets or forecast financial information.
The most recent analyst rating on (AU:BTR) stock is a Buy with a A$1.27 price target. To see the full list of analyst forecasts on Brightstar Resources Limited stock, see the AU:BTR Stock Forecast page.