Brightstar Resources Limited (AU:BTR)
ASX:BTR
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Brightstar Resources Limited
(Sydney:BTR)
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Select Model
Rating:42Neutral
Price Target:
AU$0.39
â–¼(-3.90% Downside)
Action:ReiteratedDate:03/26/26
The score is primarily constrained by weak financial performance, with persistent losses and negative operating cash flow outweighing strong revenue growth. Technicals also remain unfavorable due to a clear downtrend, partially offset by oversold indicators. Valuation is not supportive because the company is loss-making (negative P/E) and no dividend yield is available.
Positive Factors
Revenue Growth
The company reported materially higher revenue in the latest period, indicating strong top-line momentum. Durable revenue growth can support scale economies, investment in operations and exploration, and provide a base for eventual margin recovery if cost structure and execution improve.
Negative Factors
Persistent Unprofitability
Negative margins across profit measures indicate the business is not yet economically self-sustaining. Persistent unprofitability erodes equity, limits retained-capital funding for growth, and requires external financing or asset sales to cover losses unless margins materially improve.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
The company reported materially higher revenue in the latest period, indicating strong top-line momentum. Durable revenue growth can support scale economies, investment in operations and exploration, and provide a base for eventual margin recovery if cost structure and execution improve.
Read all positive factors
Brightstar Resources Limited (BTR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$450.09M
Dividend YieldN/A
Average Volume (3M)4.48M
Price to Earnings (P/E)―
Beta (1Y)1.81
Revenue Growth3078.36%
EPS Growth-93.66%
CountryAU
Employees1
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,097,772,000
10 Day Avg. Volume3,986,496
30 Day Avg. Volume4,481,561
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)1.13
Price to Sales (P/S)4.91
P/FCF Ratio-3.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$2.40Price Target Upside485.37% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.04
Revenue Forecast (FY)AU$168.51M
Brightstar Resources Limited Business Overview & Revenue Model
Company Description
Brightstar Resources Limited, together with its subsidiaries, explores for and develops mineral properties in Australia. The company primarily explores for gold deposits. It holds interests in the Alpha Deposit, Beta, and Cork Tree Well (Delta) De...
How the Company Makes Money
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Brightstar Resources Limited Financial Statement Overview
Summary
Income Statement
20
Very Negative
Balance Sheet
35
Negative
Cash Flow
25
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 70.07M | 33.51M | 1.05M | 0.00 | 0.00 | 96.06K |
| Gross Profit | -44.19M | -26.71M | -14.63M | -309.47K | -462.00K | -236.00K |
| EBITDA | -42.16M | -37.59M | -13.60M | 2.27M | -2.53M | 1.01M |
| Net Income | -61.82M | -46.07M | -6.39M | 1.94M | -3.95M | 60.55M |
Balance Sheet | ||||||
| Total Assets | 326.02M | 220.22M | 110.18M | 39.33M | 15.02M | 10.81M |
| Cash, Cash Equivalents and Short-Term Investments | 23.04M | 11.66M | 7.96M | 425.71K | 1.60M | 985.04K |
| Total Debt | 42.01M | 30.97M | 2.63M | 1.17M | 643.64K | 645.64K |
| Total Liabilities | 98.56M | 74.05M | 41.10M | 5.91M | 10.38M | 8.48M |
| Stockholders Equity | 227.46M | 146.17M | 69.08M | 33.42M | 4.65M | 2.33M |
Cash Flow | ||||||
| Free Cash Flow | -54.57M | -54.85M | -8.62M | -3.41M | -3.92M | -1.70M |
| Operating Cash Flow | -23.31M | -30.93M | 130.32K | -798.24K | -1.39M | -844.13K |
| Investing Cash Flow | -32.35M | -28.17M | -11.17M | -2.46M | -2.53M | 4.04M |
| Financing Cash Flow | 57.44M | 62.80M | 18.58M | 2.08M | 4.54M | -2.26M |
Brightstar Resources Limited Technical Analysis
Neutral
0.41
Price Trends
0.47
Negative
0.49
Negative
0.48
Negative
Market Momentum
-0.02
Negative
49.40
Neutral
78.49
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BTR, the sentiment is Neutral. The current price of 0.41 is above the 20-day moving average (MA) of 0.38, below the 50-day MA of 0.47, and below the 200-day MA of 0.48, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 49.40 is Neutral, neither overbought nor oversold. The STOCH value of 78.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:BTR.
Brightstar Resources Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$287.53M | 2.58 | 16.50% | 3.30% | 48.57% | 666.83% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | AU$515.59M | -30.39 | -3.24% | ― | ― | 30.85% | |
53 Neutral | AU$317.15M | -21.44 | -5.27% | ― | ― | -10.71% | |
47 Neutral | AU$360.21M | -55.21 | -1.74% | ― | ― | 28.13% | |
42 Neutral | AU$450.09M | -1.98 | -42.80% | ― | 3078.36% | -93.66% | |
40 Neutral | AU$224.47M | -2.47 | -288.35% | ― | ― | -965.24% |
* Basic Materials Sector Average
AU:BTR
Brightstar Resources Limited
0.41
-0.14
-25.45%
AU:TBR
Tribune Resources Limited
5.48
0.59
12.11%
AU:AAR
Astral Resources NL
0.20
0.03
17.65%
AU:STN
Saturn Metals Ltd.
0.58
0.30
103.51%
AU:POL
Polymetals Resources Ltd.
0.73
-0.11
-13.10%
AU:WC8
Wildcat Resources Ltd.
0.38
0.22
137.50%
Brightstar Resources Limited Corporate Events
Brightstar Issues New Shares and Confirms Compliance with Disclosure Rules
Apr 8, 2026
Brightstar Resources has issued 75,000 fully paid ordinary shares on 8 April 2026 without a prospectus, relying on provisions that allow such placements under the Corporations Act. The company affirmed it is up to date with financial reporting and...
Brightstar Seeks Quotation for New Shares Issued Under Incentive Plan
Apr 8, 2026
Brightstar Resources Limited has applied to the ASX for quotation of 75,000 new ordinary fully paid shares issued under its Employee Securities Incentive Plan, which was approved at the company’s annual general meeting in November 2025. The ...
Brightstar director’s performance rights lapse, equity holdings updated
Apr 1, 2026
Brightstar Resources has reported a change in the indirect holdings of director Alex Rovira, following the expiry of 1.2 million share performance rights on 31 March 2026. The lapsed rights, held through associated entities including Sol Sal Inves...
Brightstar trims potential dilution as unexercised rights and options lapse
Apr 1, 2026
Brightstar Resources has updated the market on changes to its capital structure following the expiry of several equity instruments. The company confirmed that 1,200,000 performance rights and a combined 289,474 options with January 16, 2026 expiri...
Brightstar Secures $383m Funding to Fully Back Goldfields and Advance Sandstone
Mar 19, 2026
Brightstar Resources has completed a A$193 million equity raising alongside a US$120 million senior secured Nordic bond, giving the company total available liquidity of A$383 million, including A$212 million in cash and A$171 million in undrawn bo...
Brightstar issues 243 million new shares and affirms disclosure compliance
Mar 18, 2026
Brightstar Resources has issued 243,397,062 fully paid ordinary shares on 18 March 2026 without a disclosure document, relying on provisions of the Corporations Act that allow such placements by compliant listed entities. The company affirmed it i...
Brightstar Seeks ASX Quotation for 243 Million New Shares
Mar 18, 2026
Brightstar Resources has applied for quotation on the ASX of 243,397,062 new ordinary fully paid shares, with an issue date of March 18, 2026. The securities are being issued under a previously announced transaction, expanding the company’s ...
Brightstar Sets Aspirational Path to Multi-Asset WA Gold Production Hub
Mar 17, 2026
Brightstar has outlined its strategic ambition to develop a long-life, multi-asset gold production business in Western Australia, anchored by the proposed Sandstone processing plant and supported by existing hubs at Laverton and Menzies. The compa...
Brightstar drills long high-grade gold intercepts to bolster Sandstone PFS
Mar 17, 2026
Brightstar Resources has reported further strong diamond and reverse circulation drilling results from its 2.4-million-ounce Sandstone Gold Project, including a standout intercept of 411.2 metres at 1.11 grams per tonne gold at the Two Mile Hill-S...
Brightstar director Jonathan Downes increases shareholding
Mar 12, 2026
Brightstar Resources Limited has disclosed a change in the shareholding of director Jonathan Downes, in accordance with ASX listing rule requirements for director interest notices. The filing details his direct and indirect holdings across persona...
Brightstar Shareholders Back Capital Resolutions at General Meeting
Mar 12, 2026
Brightstar Resources Limited reported that all resolutions presented at its 12 March 2026 general meeting were passed by shareholder poll, reflecting strong investor support for the company’s recent capital initiatives. Key items, including ...
Brightstar director increases stake via scaled-back share purchase plan
Mar 11, 2026
Brightstar Resources has disclosed a change in director Alex Rovira’s relevant interests following his participation in the company’s Share Purchase Plan. Through his indirectly held entity, Rovira acquired 42,587 fully paid ordinary s...
Brightstar Seeks ASX Quotation for 36 Million New Shares
Mar 6, 2026
Brightstar Resources Limited has applied to the ASX for quotation of 36,000,143 new ordinary fully paid shares, with an issue date of 6 March 2026. The securities are being quoted following a previously announced transaction, indicating an expansi...
Brightstar Secures US$120m Bond to Fully Fund Goldfields Development
Mar 3, 2026
Brightstar Resources has secured a fully subscribed US$120 million senior secured bond to fund development of its Goldfields Project in Western Australia. Together with a recently completed A$193 million equity raising, the company now has full fu...
Brightstar Releases Interim Financial Report for Half Year to 31 December 2025
Feb 27, 2026
Brightstar Resources has released its interim financial report for the half year ended 31 December 2025, providing shareholders with condensed consolidated financial statements and accompanying notes. The document includes the directors’ rep...
Brightstar Issues New Shares and Confirms Regulatory Compliance
Feb 23, 2026
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...
Brightstar Resources Seeks Quotation for 386,400 New Ordinary Shares
Feb 23, 2026
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...
Brightstar drills high-grade gold at Sandstone ahead of resource upgrade
Feb 22, 2026
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 drillin...
Brightstar Moves to Digital Delivery Ahead of March General Meeting
Feb 10, 2026
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 Austra...
Brightstar Calls 2026 General Meeting to Ratify and Expand Share Placements
Feb 10, 2026
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 20...
Brightstar Opens A$5 Million Share Purchase Plan for Eligible Holders
Feb 10, 2026
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 Ze...
Brightstar Issues Over 105 Million New Shares and Confirms Regulatory Compliance
Feb 10, 2026
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...
Brightstar Resources Seeks ASX Quotation for 105.6 Million New Shares
Feb 10, 2026
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 expan...
Brightstar Refines Capital Raising Structure With 350 Million-Share Placement
Feb 4, 2026
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 p...
Brightstar Announces Securities Purchase Plan for Up to 10 Million New Shares
Feb 1, 2026
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 ...
Brightstar Resources Plans Major Share Issue of Up to 350 Million Shares
Feb 1, 2026
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...
Brightstar Raises A$180m to Fast-Track Goldfields and Sandstone Growth Push
Feb 1, 2026
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 Goldf...
Brightstar Outlines Updated Goldfields Study and Growth Pathway
Jan 29, 2026
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 rele...
Brightstar’s Updated Goldfields Study Targets $1bn Free Cash Flow and 74% IRR
Jan 29, 2026
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 ...
Brightstar Resources Seeks Trading Halt Ahead of Potential Capital Raising
Jan 29, 2026
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 ...
Brightstar Hits Strong Gold Intercepts in Early-Stage Sandstone Drilling
Jan 27, 2026
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 ne...
Brightstar Maps Two-Year Plan to Build District-Scale Gold Hub at Sandstone
Jan 26, 2026
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 MA-led consolidation phas...
Brightstar Issues New Shares and Affirms Regulatory Compliance
Jan 15, 2026
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 witho...
Brightstar Seeks ASX Quotation for Additional Ordinary Shares
Jan 15, 2026
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...
Brightstar Issues 3 Million New Shares and Confirms Regulatory Compliance
Jan 14, 2026
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 com...
Brightstar Resources to List 3 Million New Ordinary Shares on ASX
Jan 14, 2026
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, signalin...
Brightstar Wins Key Approval to Fast-Track Lady Shenton Open Pit into Production
Jan 13, 2026
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 permitti...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.