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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 | 62.94M |
| 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 |
|---|---|---|---|---|---|---|---|
66 Neutral | €331.60M | 9.98 | 13.71% | 3.35% | 48.57% | 666.83% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
48 Neutral | AU$247.32M | -29.68 | -8.09% | ― | ― | -10.71% | |
48 Neutral | AU$275.20M | -31.54 | -3.24% | ― | ― | 30.85% | |
40 Neutral | AU$234.34M | -3.91 | -209.77% | ― | ― | -965.24% | |
39 Underperform | AU$260.69M | -3.51 | -42.80% | ― | 3078.36% | -93.66% | |
35 Underperform | AU$287.51M | -84.78 | -4.34% | ― | ― | 28.13% |
Brightstar Resources Limited Corporate Events
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.
Brightstar Resources Limited has announced the issuance of 57,500 fully paid ordinary shares as of September 23, 2025. The company has complied with relevant provisions of the Corporations Act and states that there is no undisclosed information that investors would need to assess the company’s financial position or the rights associated with the new shares.
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 new application for the quotation of securities on the Australian Securities Exchange (ASX). The company is issuing 57,500 ordinary fully paid securities to employees under its Employee Securities Incentive Plan (ESIP), with the issue date set for September 23, 2025. This move is likely aimed at incentivizing and retaining talent within the company, potentially strengthening its operational capabilities and enhancing its market position.
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 received approval from the Department of Mines, Petroleum and Exploration for the Mining Proposal and Mine Closure Plan for the Lord Byron Open Pit, marking a significant step towards its development and production in the second half of 2026. This approval, along with recent exploration results indicating potential increases in mineral resources, positions Brightstar to accelerate its gold production growth, enhancing its operational capabilities and industry positioning.
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 significant production growth at its Second Fortune and Fish Mines, with a projected 50% increase in output for the September quarter compared to the previous quarter. The company has exceeded budgeted performance at Genesis’ Laverton Mill and is advancing its Fish mining activities ahead of schedule, aiming for consistent cash flow generation. The production outlook targets a monthly output of 2,400 to 2,800 ounces of gold, with ongoing exploration activities to extend mine life, positioning Brightstar for steady growth and improved stakeholder value.
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, listed on the ASX under the ticker BTR, has announced the date for its upcoming annual general meeting, which will take place on November 3, 2025. A key agenda item for the meeting is the re-election and appointment of directors. The deadline for director nominations is set for September 22, 2025, by 5:00 pm AWST. This announcement is part of the company’s governance process, ensuring transparency and stakeholder engagement in its leadership decisions.
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 released its corporate governance statement for the financial year ending June 30, 2025, in compliance with ASX Listing Rules. The statement, available on the company’s website, outlines the extent to which the company has adhered to the ASX Corporate Governance Council’s recommendations. This disclosure is crucial for maintaining transparency and accountability, potentially impacting the company’s reputation and stakeholder trust.
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 released its annual report for the year ending June 30, 2025. The report includes comprehensive financial statements and governance information, providing insights into the company’s financial health and operational performance. This release is significant for stakeholders as it offers transparency and accountability, essential for informed decision-making regarding investments and strategic partnerships.
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.
Aurumin Limited, a company focused on gold exploration and production, has executed binding transaction documents to divest its non-core assets, raising $6 million. This strategic move, supported by Brightstar, allows Aurumin to concentrate on advancing its Sandstone Gold Project. The divestment includes selling various assets to Newcam Minerals and Yilgarn Iron, which streamlines Aurumin’s asset profile and provides capital for exploration activities. The proceeds will enable Aurumin to increase resource confidence and advance the Sandstone Project alongside Brightstar’s Pre-Feasibility Study, aligning with their aggressive development strategy.
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 announced promising results from a 1,100m reverse circulation drilling program at the Lord Byron Deposit, part of its Laverton Hub. The drilling revealed high-grade mineralization beneath the existing inferred mineral resource, with a standout intersection of 32m at 7.16g/t Au. These results, which exceeded expectations, suggest a compelling opportunity for follow-up exploration and potential expansion of ore reserves. The company is planning further drilling to enhance the confidence classification of the ore body, which could positively impact its operations 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 announced its aspirations to construct a Sandstone processing plant by the second half of 2027, with the goal of achieving first gold production by the second half of 2028. The company aims to increase its production profile to over 200,000 ounces per annum by 2029. However, these plans are currently aspirational as a pre-feasibility study for the Sandstone project has not yet been completed, and substantial further work is required before any production targets or financial forecasts can be published.
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 significant results from its recent 6,400-meter reverse circulation and diamond drilling program at the Yunndaga deposit, part of the Menzies Gold Project. The drilling has confirmed high-grade gold mineralization and visible gold in multiple holes, supporting the potential for a substantial underground mining operation. These results are expected to contribute to an upgrade in the Mineral Resource Estimate and the declaration of maiden underground ore reserves by late 2025, enhancing the company’s operational prospects and positioning in the gold mining sector.
The most recent analyst rating on (AU:BTR) stock is a Buy with a A$1.14 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 underground drilling program at the Fish Mine, part of the Laverton Gold Project, aimed at extending the mine life and enhancing mineral resource classification. The program, divided into two phases, targets deeper mineralization and aims to convert Inferred Mineral Resources into Measured/Indicated classifications to support future mine plan extensions. This initiative is part of Brightstar’s strategy to maximize investment by adding high-grade ounces to the mine plan, leveraging existing infrastructure, and advancing the Fish mine as a key gold production center for the Laverton Hub.
The most recent analyst rating on (AU:BTR) stock is a Buy with a A$1.14 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 change in the director’s interest, with Andrew Rich acquiring 100,000 fully-paid ordinary shares through an on-market trade valued at $40,000. This change reflects an adjustment in the director’s indirect interest, potentially indicating confidence in the company’s future performance and impacting stakeholder perceptions positively.
The most recent analyst rating on (AU:BTR) stock is a Buy with a A$1.14 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 change in the director’s interest, with Alex Rovira acquiring an additional 100,000 ordinary fully paid shares through an on-market trade. This acquisition reflects a continued commitment by the director to the company’s growth and may positively influence stakeholder confidence in the company’s future prospects.
The most recent analyst rating on (AU:BTR) stock is a Buy with a A$1.14 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 ongoing reverse circulation drilling program at the Sandstone Gold Project, revealing significant high-grade gold intercepts. These results are part of a larger 100,000-meter drilling initiative designed to increase the size and quality of the existing mineral resource, which is expected to bolster the company’s pre-feasibility study due in 2026 and enhance its market positioning following a merger with Aurumin Limited.
The most recent analyst rating on (AU:BTR) stock is a Buy with a A$1.14 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 cessation of 1,600,000 securities due to the expiry of options or other convertible securities without exercise or conversion as of August 4, 2025. This cessation may impact the company’s capital structure and could influence investor perception and market positioning.
The most recent analyst rating on (AU:BTR) stock is a Buy with a A$1.50 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 the issuance of 931,522 fully paid ordinary shares. The company has complied with the necessary provisions of the Corporations Act and assures that there is no undisclosed information that would affect investors’ assessments of the company’s financial position or the rights attached to the shares.
The most recent analyst rating on (AU:BTR) stock is a Buy with a A$1.50 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 new issuance of securities, specifically 931,522 ordinary fully paid shares, to be awarded to employees under their Employee Share Incentive Plan (ESIP). This move is part of the company’s strategy to incentivize and retain talent, potentially enhancing employee engagement and aligning their interests with the company’s growth objectives.
The most recent analyst rating on (AU:BTR) stock is a Buy with a A$1.50 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 its aspirations to construct a Sandstone processing plant by the second half of 2027, with the goal of achieving first gold production by the second half of 2028. The company aims 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 needed before production targets can be published.
The most recent analyst rating on (AU:BTR) stock is a Buy with a A$1.50 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 change in the interest of its director, Andrew Rich, in the company’s securities. The change involves the conversion of 517,500 Share Performance Rights into fully-paid ordinary shares, resulting in Rich holding a total of 1,469,410 fully-paid ordinary shares and 1,552,500 Performance Rights expiring on June 3, 2029. This adjustment in shareholding reflects the company’s ongoing management of director interests and may influence stakeholder perceptions of director alignment with shareholder interests.
The most recent analyst rating on (AU:BTR) stock is a Buy with a A$1.50 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 released its June 2025 quarterly activity report, highlighting significant progress in its Laverton and Menzies Gold Projects. The company has completed a definitive feasibility study projecting substantial cash flows and a high internal rate of return. With plans to commence large-scale mining in early 2026 and a memorandum of understanding with Paddington Gold Pty Ltd for ore sales, Brightstar is on track to enhance its production capabilities. The company also reported strong operational safety records and ongoing ore sales, with new discoveries and developments at its Second Fortune and Fish underground mines, positioning it for future growth and increased production.
The most recent analyst rating on (AU:BTR) stock is a Buy with a A$1.00 price target. To see the full list of analyst forecasts on Brightstar Resources Limited stock, see the AU:BTR Stock Forecast page.