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An announcement from Brightstar Resources Limited ( (AU:BTR) ) is now available.
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.
More about Brightstar Resources Limited
Brightstar Resources Limited is a company operating in the gold mining industry, focusing on exploration and development of gold deposits. Their primary projects include the Menzies Gold Project and the Sandstone Hub, with a market focus on expanding their mineral resource estimates and developing underground mining operations.
Average Trading Volume: 3,914,517
Technical Sentiment Signal: Buy
Current Market Cap: A$347.6M
Find detailed analytics on BTR stock on TipRanks’ Stock Analysis page.