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The latest update is out from Brightstar Resources Limited ( (AU:BTR) ).
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.
More about Brightstar Resources Limited
Average Trading Volume: 2,870,156
Technical Sentiment Signal: Hold
Current Market Cap: A$252M
See more insights into BTR stock on TipRanks’ Stock Analysis page.