The latest announcement is out from Brightstar Resources Limited ( (AU:BTR) ).
Brightstar Resources Limited has announced its aspirations to construct a Sandstone processing plant by the second half of 2027, aiming for first gold production by the second half of 2028. This development aligns with the company’s strategy to increase production from its Laverton and Menzies hubs, targeting a group production profile of over 200,000 ounces per annum by 2029. However, these are aspirational statements as the company has not yet completed a pre-feasibility study for the Sandstone project, and substantial further work is required before publishing production targets or financial forecasts. The announcement highlights the company’s commitment to growth, although it underscores the need for extensive feasibility studies to ensure the viability of its ambitious plans.
More about Brightstar Resources Limited
Brightstar Resources Limited is a company focused on the gold mining industry, primarily operating in Western Australia. The company is engaged in the exploration and development of gold resources, with a market focus on expanding its production capabilities in the region.
YTD Price Performance: -4.00%
Average Trading Volume: 1,178,207
Technical Sentiment Signal: Buy
Current Market Cap: A$226.8M
Find detailed analytics on BTR stock on TipRanks’ Stock Analysis page.