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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 | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 33.51M | 33.51M | 1.05M | 0.00 | 0.00 | 96.06K |
| Gross Profit | -20.43M | -26.71M | -14.63M | -309.47K | -462.00K | -236.00K |
| EBITDA | -42.59M | -37.59M | -13.60M | 2.27M | -2.53M | 1.01M |
| Net Income | -46.07M | -46.07M | -6.39M | 1.94M | -3.95M | 60.55M |
Balance Sheet | ||||||
| Total Assets | 220.22M | 220.22M | 110.18M | 39.33M | 15.02M | 10.81M |
| Cash, Cash Equivalents and Short-Term Investments | 11.66M | 11.66M | 7.96M | 425.71K | 1.60M | 985.04K |
| Total Debt | 30.97M | 30.97M | 2.63M | 1.17M | 643.64K | 645.64K |
| Total Liabilities | 74.05M | 74.05M | 41.10M | 5.91M | 10.38M | 8.48M |
| Stockholders Equity | 146.17M | 146.17M | 69.08M | 33.42M | 4.65M | 2.33M |
Cash Flow | ||||||
| Free Cash Flow | -60.16M | -54.85M | -8.62M | -3.41M | -3.92M | -1.70M |
| Operating Cash Flow | -30.93M | -30.93M | 130.32K | -798.24K | -1.39M | -844.13K |
| Investing Cash Flow | -28.17M | -28.17M | -11.17M | -2.46M | -2.53M | 4.04M |
| Financing Cash Flow | 62.80M | 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | AU$317.96M | 9.57 | 13.71% | 3.30% | 48.57% | 666.83% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | AU$474.76M | -113.04 | -4.34% | ― | ― | 28.13% | |
55 Neutral | AU$514.30M | -59.23 | -3.24% | ― | ― | 30.85% | |
51 Neutral | AU$381.95M | -4.13 | -42.80% | ― | 3078.36% | -93.66% | |
49 Neutral | AU$267.80M | -32.58 | -8.09% | ― | ― | -10.71% | |
44 Neutral | AU$403.56M | -5.97 | -209.77% | ― | ― | -965.24% |
Brightstar Resources Limited Corporate Events
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.
Brightstar Resources Limited, an Australian company, is set to acquire Aurumin Limited through a scheme of arrangement, where Aurumin’s shares and options will be exchanged for Brightstar shares and options. This acquisition, now legally effective, will result in Aurumin’s shares being suspended from trading and its removal from the ASX, thereby consolidating Brightstar’s position in the market.
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 received approval from the Supreme Court of Western Australia for its acquisition of Aurumin Limited through a court-approved scheme of arrangement. This acquisition consolidates the Sandstone Gold Project under Brightstar’s ownership, enhancing its Mineral Resource Estimate and positioning the company for significant growth. The consolidation is expected to increase the total Mineral Resource Estimate to 3.9 million ounces of gold, with plans for further exploration and development to achieve a production target of over 200,000 ounces per annum. This strategic move is anticipated to strengthen Brightstar’s position in the gold mining industry, offering potential long-term benefits for stakeholders.
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, an Australian company listed on the ASX, is set to acquire 100% of Aurumin Limited’s shares and cancel all Aurumin options in exchange for new Brightstar options. This acquisition is part of a scheme of arrangement that has been approved by the requisite majorities of Aurumin shareholders and option holders. The approval marks a significant step in the acquisition process, with the next step being the approval of the schemes by the Supreme Court of Western Australia. If approved, Aurumin shares will be suspended from trading, and the implementation of the schemes is expected to occur by early December 2025.
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 is set to acquire 100% of Aurumin Limited’s issued shares through proposed share and option schemes of arrangement. The meetings for these schemes are scheduled for 14 November 2025, where shareholders and option holders will vote on the acquisition. This acquisition is significant for Brightstar Resources as it expands its market presence and operational capacity, potentially impacting stakeholders by aligning resources and strategic interests.
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 promising results from its drilling programs at the Second Fortune and Fish Mines, indicating potential mine life extensions and ongoing cash flow opportunities. The drilling results, including high-grade gold intercepts, support the company’s plans for further development and exploration in the Laverton Hub, enhancing its operational prospects and potentially benefiting stakeholders with increased resource estimates and production capabilities.
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 that Lion Selection Group Limited has ceased to be a substantial holder in the company as of July 25, 2025. This change occurred due to the dilution of Lion Selection Group’s shares following the issuance of new shares to other parties. The announcement marks a significant shift in the company’s shareholder structure, potentially impacting its market dynamics and stakeholder interests.
The most recent analyst rating on (AU:BTR) stock is a Buy with a A$1.21 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 enhanced its leadership team by appointing experienced mining professionals to key roles, aiming to strengthen its operational and project delivery capabilities. The appointments of John Croall as General Manager Mining, Daniel Jolley as Project Director, and Julie Budrey as Group Health and Safety Manager are expected to drive the expansion of Brightstar’s operations and support the development of its gold projects. The company is advancing its Sandstone Pre-Feasibility Study and targeting a Mineral Resource upgrade, positioning itself as an emerging mid-tier gold producer in Western Australia.
The most recent analyst rating on (AU:BTR) stock is a Buy with a A$1.21 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 strategic acquisition of Aurumin Limited, consolidating its position in the Sandstone region with a significant increase in mineral resources. The company has also completed a $50 million capital raise to fund exploration and a pre-feasibility study, with mining approvals received for the Lord Byron Open Pit Mine. Brightstar has reported a record production quarter, with significant growth in gold output and strong safety performance across its operations. The company is advancing its Laverton and Menzies Gold Projects to a final investment decision, with promising financial projections and ongoing exploration activities yielding excellent results.
The most recent analyst rating on (AU:BTR) stock is a Hold with a A$0.50 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 a proposed issue of securities, specifically 4,821,428 share performance rights, with an expected issue date of November 25, 2025. This move is part of the company’s strategy to strengthen its financial position and potentially enhance its operational capabilities, which could have significant implications for its stakeholders and market positioning.
The most recent analyst rating on (AU:BTR) stock is a Buy with a A$1.57 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 upcoming Annual General Meeting scheduled for 24 November 2025. Shareholders are encouraged to lodge proxy forms and submit questions in advance to facilitate efficient meeting proceedings. The Notice of Meeting and related documents are available online, with options for electronic communication and voting to streamline shareholder engagement.
The most recent analyst rating on (AU:BTR) stock is a Buy with a A$1.57 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 details of its upcoming Annual General Meeting, which will take place on November 24, 2025, in Perth, Western Australia. The meeting will cover the company’s annual report, a non-binding vote on the remuneration report, and the re-election of director Jonathan Downes. Shareholders are encouraged to attend or vote by proxy.
The most recent analyst rating on (AU:BTR) stock is a Buy with a A$1.57 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 commenced an extensional RC drilling program at the Lord Byron deposit, part of the Laverton Gold Project, aiming to extend the mine life and increase the mineral resource. The drilling targets high-grade mineralization zones identified in previous results, and the program’s success could enhance Brightstar’s operational synergies and future ore reserves, supporting the company’s strategic growth and positioning in the gold mining sector.
The most recent analyst rating on (AU:BTR) stock is a Buy with a A$1.57 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 completion of a significant phase of exploration at the Yunndaga deposit within the Menzies Gold Project, with final assay results from a 6,400m drilling program. The results, which include high-grade gold intercepts, support the potential for a substantial underground mining operation and contribute to the company’s plans to develop Yunndaga as their third underground mine by 2026. This development is part of Brightstar’s broader strategy to expand their resource base and enhance the confidence classification of their mineral resources, with ongoing exploration activities at their Sandstone Hub and Laverton projects.
The most recent analyst rating on (AU:BTR) stock is a Buy with a A$1.59 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 1,296,149 unquoted share performance rights, set to expire on December 31, 2027. This move is part of an employee incentive scheme and is not intended to be quoted on the ASX, potentially impacting employee motivation and retention strategies within the company.
The most recent analyst rating on (AU:BTR) stock is a Buy with a A$1.59 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 Australian Securities Exchange, has announced a change in its auditing firm from Pitcher Partners to KPMG. This transition, approved by the Australian Securities & Investments Commission, will be subject to shareholder approval at the upcoming Annual General Meeting. The change in auditors is a significant move for Brightstar Resources Limited, potentially impacting its financial reporting and stakeholder confidence. The Board of Directors expressed gratitude to Pitcher Partners for their service over the years.
The most recent analyst rating on (AU:BTR) stock is a Buy with a A$1.59 price target. To see the full list of analyst forecasts on Brightstar Resources Limited stock, see the AU:BTR Stock Forecast page.
Aurumin Limited has announced the dispatch of its Scheme Booklet related to proposed schemes of arrangement with Brightstar Resources Limited, which aims to acquire 100% of Aurumin’s shares and options. The Scheme Booklet, approved by the Supreme Court of Western Australia and registered with the Australian Securities and Investments Commission, provides detailed information and instructions for Aurumin’s security holders on how to participate and vote in the upcoming Scheme Meetings.
The most recent analyst rating on (AU:BTR) stock is a Buy with a A$1.59 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 reported a 91% increase in mine production for the September quarter, driven by strong performance at its Second Fortune and Fish mines. The company achieved a record quarterly production of 7,002 ounces of gold, with the Fish mine commencing commercial production in September. Brightstar is targeting the lower end of its all-in sustaining cost range and is well-positioned to benefit from high spot gold prices. The company is also advancing its exploration and development projects, including the Menzies-Laverton Gold Project, which aims to significantly increase production in the coming years.
The most recent analyst rating on (AU:BTR) stock is a Buy with a A$1.59 price target. To see the full list of analyst forecasts on Brightstar Resources Limited stock, see the AU:BTR Stock Forecast page.
Aurumin Limited, a company listed on the Australian Securities Exchange, has announced a proposed acquisition by Brightstar Resources Limited through schemes of arrangement. The Scheme Booklet, which includes an Independent Expert’s Report, has been registered with the Australian Securities and Investments Commission. The report concludes that the schemes are fair and reasonable, and the Aurumin Board recommends that securityholders vote in favor of the schemes at the upcoming meetings, barring any superior proposals.
The most recent analyst rating on (AU:BTR) stock is a Buy with a A$1.59 price target. To see the full list of analyst forecasts on Brightstar Resources Limited stock, see the AU:BTR Stock Forecast page.
Aurumin Limited has announced that the Supreme Court of Western Australia has approved the convening of meetings for its shareholders and optionholders to vote on proposed schemes of arrangement. These schemes involve Brightstar Resources Limited acquiring 100% of Aurumin’s shares and options. The Scheme Booklet, containing detailed information about the schemes, will be dispatched to securityholders, who are encouraged to review it thoroughly before voting. The directors of Aurumin recommend voting in favor of the schemes, which are scheduled for meetings on November 14, 2025, with a second court hearing set for November 19, 2025.
The most recent analyst rating on (AU:BTR) stock is a Hold with a A$0.50 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 revised date for its Annual General Meeting, now scheduled for 24 November 2025. This change allows the company additional time to finalize its Notice of Meeting and address items requiring further consideration, which may impact its governance and strategic planning.
The most recent analyst rating on (AU:BTR) stock is a Buy with a A$2.10 price target. To see the full list of analyst forecasts on Brightstar Resources Limited stock, see the AU:BTR Stock Forecast page.