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Brightstar Resources Limited
(Sydney:BTR)
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Rating:52Neutral
Price Target:
AU$0.71
▲(30.74% Upside)
Action:Reiterated
Date:10/01/26
The score is held back primarily by weak financial performance—persistent and widening losses, negative operating cash flow, and large negative free cash flow, alongside a sharp rise in debt. Technicals are supportive, with a strong uptrend and positive momentum, but valuation remains challenged due to negative earnings (negative P/E) and no indicated dividend yield.
Positive Factors
Revenue Scale
Revenue has expanded substantially over the last two years, indicating materially greater operating scale and market activity. Although the latest trajectory is volatile, the larger revenue base can support stronger fixed-cost absorption and provide a platform for future profitability if execution improves.
Negative Factors
Persistent Losses
Widening net losses and deeply negative operating results show that higher revenue has not yet translated into sustainable earnings. Continued operating unprofitability can consume the benefits of scale, weaken internally funded growth, and make future performance increasingly dependent on successful execution or external capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Scale
Revenue has expanded substantially over the last two years, indicating materially greater operating scale and market activity. Although the latest trajectory is volatile, the larger revenue base can support stronger fixed-cost absorption and provide a platform for future profitability if execution improves.
Read all positive factors
Brightstar Resources Limited (BTR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$731.34M
Dividend YieldN/A
Average Volume (3M)10.43M
Price to Earnings (P/E)―
Beta (1Y)2.19
Revenue Growth91.40%
EPS GrowthN/A
CountryAU
Employees1
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.06
Shares Outstanding1,108,095,800
10 Day Avg. Volume10,951,445
30 Day Avg. Volume10,431,971
Financial Highlights & Ratios
PEG Ratio0.18
Price to Book (P/B)0.61
Price to Sales (P/S)3.54
P/FCF Ratio-2.61
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.82Price Target Upside237.04% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.04
Revenue Forecast (FY)N/A
Brightstar Resources Limited Business Overview & Revenue Model
Company Description
Brightstar Resources Limited, along with its associated entities, is an Australian company primarily engaged in the exploration and development of mineral projects, with a strong emphasis on gold deposits. The firm maintains significant interests ...
How the Company Makes Money
null...
Brightstar Resources Limited Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
55
Neutral
Cash Flow
24
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 64.14M | 33.51M | 1.05M | 0.00 | 0.00 |
| Gross Profit | 33.71M | -26.71M | -14.63M | -309.47K | -462.00K |
| EBITDA | -40.53M | -37.59M | -13.60M | 2.27M | -2.53M |
| Net Income | -76.93M | -46.07M | -6.39M | 1.94M | -3.95M |
Balance Sheet | |||||
| Total Assets | 636.48M | 220.22M | 110.18M | 39.33M | 15.02M |
| Cash, Cash Equivalents and Short-Term Investments | 282.91M | 11.66M | 7.96M | 425.71K | 1.60M |
| Total Debt | 171.98M | 30.97M | 2.63M | 1.17M | 643.64K |
| Total Liabilities | 263.56M | 74.05M | 41.10M | 5.91M | 10.38M |
| Stockholders Equity | 372.92M | 146.17M | 69.08M | 33.42M | 4.65M |
Cash Flow | |||||
| Free Cash Flow | -86.92M | -54.85M | -8.62M | -3.41M | -3.92M |
| Operating Cash Flow | -33.90M | -30.93M | 130.32K | -798.24K | -1.39M |
| Investing Cash Flow | -57.81M | -28.17M | -11.17M | -2.46M | -2.53M |
| Financing Cash Flow | 202.03M | 62.80M | 18.58M | 2.08M | 4.54M |
Brightstar Resources Limited Technical Analysis
Positive
0.54
Price Trends
0.55
Positive
0.44
Positive
0.45
Positive
Market Momentum
0.04
Positive
65.11
Neutral
50.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BTR, the sentiment is Positive. The current price of 0.54 is below the 20-day moving average (MA) of 0.62, below the 50-day MA of 0.55, and above the 200-day MA of 0.45, indicating a bullish trend. The MACD of 0.04 indicates Positive momentum. The RSI at 65.11 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:BTR.
Brightstar Resources Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | AU$354.88M | 7.63 | 51.83% | 4.92% | 60.14% | ― | |
78 Outperform | AU$524.40M | 1.53 | 33.30% | 4.37% | 216.46% | 225.85% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | AU$700.83M | -59.07 | -4.83% | 3.03% | ― | 30.19% | |
54 Neutral | AU$349.77M | -33.21 | -5.89% | ― | ― | 9.68% | |
52 Neutral | AU$731.34M | -10.58 | -25.63% | ― | 91.40% | ― |
* Basic Materials Sector Average
AU:BTR
Brightstar Resources Limited
0.68
0.13
23.85%
AU:BCN
Beacon Minerals
3.05
0.65
27.03%
AU:FML
Focus Minerals Ltd
1.80
-0.28
-13.50%
AU:AUC
Ausgold Limited
1.29
0.37
40.22%
AU:STN
Saturn Metals Ltd.
0.47
-0.09
-16.22%
Brightstar Resources Limited Corporate Events
Brightstar outlines multi-asset WA gold ambitions with Sandstone study focus
Sep 28, 2026
Brightstar Resources has released an investor presentation outlining its strategy to become a multi-asset Western Australian gold producer with resources exceeding 5 million ounces. The company highlights plans for a Sandstone processing plant and...
Brightstar Doubles Two Mile Hill Resource, Boosts Sandstone Gold Inventory
Sep 27, 2026
Brightstar Resources has significantly expanded the Mineral Resource estimate at its Two Mile Hill-Shillington deposit within the Sandstone Gold Project, lifting total resources there to 1.45 million ounces of gold at 1.8 grams per tonne, nearly d...
Brightstar Resources Increases ASX-Quoted Share Capital
Sep 25, 2026
Brightstar Resources has applied for quotation of an additional 133,808 ordinary fully paid shares on the ASX, expanding the number of BTR securities available for trading. The new securities are scheduled to be issued and quoted on 25 September 2...
Brightstar issues new shares to employees under incentive plan
Sep 25, 2026
Brightstar Resources Limited has applied for quotation of 13,174 new ordinary fully paid shares on the ASX. The securities have been issued as non-cash consideration to employees under the company’s Employee Share Incentive Plan, modestly in...
Brightstar Confirms 94% Gold Recoveries at Sandstone in PFS Testwork
Sep 24, 2026
Brightstar Resources has reported metallurgical testwork results for its Sandstone Gold Project, confirming average gold recoveries of 94 percent across deposits that make up about 80 percent of the 2.9 million ounce resource. All tested orebodies...
Brightstar plans FY27 performance rights issue under STI plan
Sep 18, 2026
Brightstar Resources Limited has lodged an Appendix 3B with the ASX detailing a proposed issue of performance rights under its FY27 short-term incentive (STI) plan, with an expiry date of 31 December 2028. The issuance involves up to 1,175,536 STI...
Brightstar Issues New FY27 Performance Rights Under Employee Incentive Plan
Sep 18, 2026
Brightstar Resources has issued 5,847,278 unquoted performance rights under its FY27 short-term incentive (STI) plan, with these securities expiring on 31 December 2028. The new rights, which are not intended to be quoted on the ASX, form part of ...
Brightstar Issues 3.75 Million New Shares Under Cleansing Notice
Sep 18, 2026
Brightstar Resources Limited has issued 3,750,000 fully paid ordinary shares on 18 September 2026, expanding its share capital base under an exemption from standard disclosure provisions. The company affirmed that it remains compliant with its fin...
Brightstar seeks ASX quotation for 3.75 million new shares
Sep 18, 2026
Brightstar Resources Limited has applied for quotation of 3,750,000 new ordinary fully paid shares on the Australian Securities Exchange, with an issue date of 18 September 2026. The new securities arise from the exercise or conversion of existing...
Brightstar Resources Adds 209,187 Shares to ASX Quotation
Sep 16, 2026
Brightstar Resources Limited, an ASX-listed resources company trading under the ticker BTR, issues ordinary fully paid shares that give investors exposure to its mining-related activities and projects. The company relies on public equity markets t...
Brightstar Seeks ASX Quotation for New Employee Incentive Shares
Sep 16, 2026
Brightstar Resources Limited, trading on the ASX as BTR, is a resources sector company whose capital structure includes ordinary fully paid shares issued and quoted on the Australian Securities Exchange. The company operates an equity-based employ...
Brightstar secures key Laverton tenements and strikes Burtville East partnership
Sep 14, 2026
Brightstar Resources has agreed to acquire Panther Metals’ Mikado Project exploration licences, which sit immediately adjacent to its 1.5Mtpa Laverton processing plant, for $350,000 in cash funded from existing reserves. The tenure consolida...
Brightstar Buys Mikado Tenements, Explores Laverton Tie-Up with Panther
Sep 14, 2026
Brightstar Resources has agreed to acquire Panther Metals’ Mikado Gold Project, comprising five exploration licences adjacent to its Beta operations in Laverton, for $350,000 in cash. The move strengthens Brightstar’s land position aro...
Brightstar’s Goldfields Plant Build Stays on Track for 2027 First Gold
Sep 8, 2026
Brightstar Resources is advancing construction of its 1.5Mtpa Laverton processing plant at its Goldfields Project in Western Australia, with works tracking on schedule and within budget for first gold in June 2027. The project is designed to deliv...
Brightstar Resources Tightens Capital Structure as Performance Rights Lapse
Sep 8, 2026
Brightstar Resources Limited has notified the market of a change in its issued capital following the cessation of 7,086 share performance rights. The rights lapsed on 3 September 2026 after the conditional requirements attached to them were not me...
Brightstar Issues New Shares and Confirms Compliance With Disclosure Rules
Sep 7, 2026
Brightstar Resources Limited has issued 107,904 fully paid ordinary shares and has lodged a cleansing notice confirming the shares were issued without a prospectus under the Corporations Act.The company states it is up to date with its financial r...
Brightstar Resources Adds 59,555 New Shares to ASX Quotation
Sep 7, 2026
Brightstar Resources Limited has applied for the quotation of 59,555 new ordinary fully paid shares on the ASX, with an issue date of 7 September 2026. The modest increase in quoted securities reflects routine capital management activity, with lim...
Brightstar Seeks ASX Quotation for New Employee Incentive Shares
Sep 7, 2026
Brightstar Resources Limited has applied to the ASX for quotation of 48,349 new ordinary fully paid shares issued on 7 September 2026 under its Employee Securities Incentive Plan. The shares, granted as non-cash consideration to employees, represe...
Brightstar hits high-grade gold at Bull Oak as Sandstone PFS advances
Sep 6, 2026
Brightstar Resources has reported strong reverse circulation drilling results from the Bull Oak deposit within its 2.9Moz Sandstone Gold Project, including a standout intercept of 7m at 119g/t gold and multiple thick mineralised intervals in grano...
Brightstar files updated ASX governance statement and Appendix 4G
Sep 3, 2026
Brightstar Resources has lodged its latest Appendix 4G and corporate governance statement with the ASX for the year ended 30 June 2026, confirming that the full governance report is available on its website. The filing indicates the board has adop...
Brightstar Confirms Compliance as It Issues 5.3 Million New Shares
Aug 28, 2026
Brightstar Resources Limited has issued 5,317,101 fully paid ordinary shares on 28 August 2026, completing a new share placement without a disclosure document under the relevant capital-raising provisions of the Corporations Act. The company confi...
Brightstar Seeks Quotation for New Shares Issued Under Employee Incentive Plan
Aug 28, 2026
Brightstar Resources Limited has applied to the ASX for quotation of 84,030 new ordinary fully paid shares issued on 28 August 2026. The new securities were granted as non‑cash consideration to employees under the company’s employee sh...
Brightstar Seeks ASX Quotation for Over 5.2 Million New Shares
Aug 28, 2026
Brightstar Resources Limited, an ASX-listed resources company trading under ticker BTR, focuses on mineral exploration and development projects within Australia’s mining sector. The company seeks to grow its asset base and advance its projec...
Brightstar Hits Exceptional 226m High-Grade Gold Intercept at Sandstone
Aug 26, 2026
Brightstar Resources has reported exceptional new assay results from infill reverse circulation and diamond drilling at the Two Mile Hill-Shillington deposit within its Sandstone Gold Project in Western Australia. The latest holes returned very br...
Brightstar Extends Mineralised Tonalite at Sandstone’s Two Mile Hill Deposit
Aug 24, 2026
Brightstar Resources has reported significant exploration success at its Two Mile Hill deposit within the Sandstone Gold Project, completing its first diamond drill hole exceeding 1,000 metres and a second deep hole in a four‑hole, 3,400R...
Brightstar Resources Updates Director Alex Rovira’s Equity Holdings
Aug 17, 2026
Brightstar Resources has disclosed a change in director Alex Rovira’s interests in the company’s securities, reflecting adjustments to his indirect holdings via several investment and superannuation entities. Following the conversion o...
Brightstar issues new shares and affirms regulatory compliance
Aug 17, 2026
Brightstar Resources has issued 412,500 fully paid ordinary shares on 17 August 2026, expanding its share capital without providing a prospectus under the disclosure exemptions of the Corporations Act. The board-stated notice emphasises that the c...
Brightstar seeks ASX quotation for additional ordinary shares
Aug 17, 2026
Brightstar Resources Limited has applied for quotation of 412,500 new ordinary fully paid shares on the Australian Securities Exchange, expanding its listed capital base under the ticker BTR. The additional securities arise from the exercise or co...
Brightstar Maps Ambitious Multi-Asset Gold Growth Strategy in WA
Aug 5, 2026
Brightstar Resources has outlined an ambitious growth pathway targeting annual gold production of more than 75,000 ounces from its Western Australian asset base. The company’s investor presentation details a multi-hub development approach an...
Brightstar Resources Updates Market on Expiry of Listed Options
Aug 4, 2026
Brightstar Resources Limited has notified the market that 1,656,250 BTRAJ options, which were due to expire on July 31, 2026 with an exercise price of $1.00, have lapsed without being exercised or converted. The cessation of these securities reduc...
Brightstar keeps Goldfields plant build on schedule as first gold target holds
Aug 3, 2026
Brightstar Resources reports that construction of its 1.5Mtpa Laverton processing plant is advancing on schedule, with bulk earthworks for the process plant infrastructure completed and major concrete foundations for key processing equipment well ...
Brightstar advances Goldfields build as liquidity and Sandstone drilling underpin growth
Jul 30, 2026
Brightstar Resources has approved the final investment decision for its Goldfields Project, securing all key regulatory approvals and signing an EPC contract with GR Engineering for a 1.5Mtpa Laverton processing plant. The project is now under con...
Brightstar to Brief Investors on Updated Sandstone Gold Resource
Jul 15, 2026
Brightstar Resources will host a live online investor briefing on 16 July 2026, led by Managing Director Alex Rovira, to discuss the updated mineral resource estimate for the Sandstone Gold Project. The session will outline how the revised resourc...
Brightstar Resources Announces Expiry of Unexercised Options
Jul 8, 2026
Brightstar Resources Limited has notified the market of the cessation of several classes of options that expired unexercised in late June and early July 2026. The expired tranches comprised a total of 1,368,878 options with exercise prices ranging...
Brightstar’s Sandstone drilling delivers high-grade hits ahead of resource update
Jul 7, 2026
Brightstar Resources has reported a suite of high-grade assay results from diamond and reverse circulation drilling across its Sandstone Gold Project, including the Achilles, Indomitable East, Bull Oak, Two Mile Hill, Whistler and Montague-Boulder...
Brightstar Resources Flags Lapse of Performance Rights in Capital Update
Jul 2, 2026
Brightstar Resources Limited has announced the lapse of 452,867 share performance rights after the conditions attached to these securities were not met or became incapable of being satisfied. The cessation of these rights reflects an adjustment to...
Brightstar advances Goldfields construction and locks in floor price for early gold output
Jul 1, 2026
Brightstar Resources has reported steady progress on construction of its Goldfields Project, with bulk earthworks advancing and the first concrete poured ahead of schedule for the carbon-in-leach tank footings at its planned 1.5Mtpa plant near Lav...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.