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Brightstar Resources Limited
(Sydney:BTR)
Brightstar Resources Limited (BTR) vs. S&P 500 (SPY)
Brightstar Resources Limited Business Overview & Revenue Model
Brightstar Resources Limited Financial Statement Overview
| Breakdown | ||||
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 1.05M | 0.00 | 0.00 | 96.06K | 311.53K | Gross Profit |
| -3.80M | -366.47K | -461.94K | -668.91K | -242.93K | EBIT |
| -6.02M | -2.76M | -2.99M | 62.17M | -3.58M | EBITDA |
| -3.79M | 2.27M | -2.53M | 62.94M | -2.80M | Net Income Common Stockholders |
| -6.39M | 1.94M | -3.95M | 60.55M | -6.62M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 7.96M | 476.65K | 1.63M | 1.01M | 75.03K | Total Assets |
| 110.18M | 39.33M | 15.02M | 10.81M | 14.74M | Total Debt |
| 2.63M | 1.17M | 5.08M | 4.36M | 36.10M | Net Debt |
| -5.33M | 744.65K | 3.48M | 3.38M | 36.02M | Total Liabilities |
| 41.10M | 5.91M | 10.38M | 8.48M | 64.66M | Stockholders Equity |
| 69.08M | 33.42M | 4.65M | 2.33M | -49.92M |
| Cash Flow | Free Cash Flow | |||
| -8.62M | -3.41M | -3.92M | -1.70M | -1.31M | Operating Cash Flow |
| 130.32K | -798.24K | -1.39M | -844.13K | -503.13K | Investing Cash Flow |
| -11.17M | -2.46M | -2.53M | 4.04M | -803.02K | Financing Cash Flow |
| 18.58M | 2.08M | 4.54M | -2.26M | 1.26M |
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 |
|---|---|---|---|---|---|---|---|
82 Outperform | $3.14B | 8.88 | 26.42% | 3.19% | 54.37% | 310.22% | |
78 Outperform | $3.23B | 22.53 | 13.42% | 0.61% | 11.93% | 22.74% | |
78 Outperform | $21.93B | 23.21 | 11.01% | 2.66% | 25.11% | 28.88% | |
75 Outperform | $15.42B | 22.16 | 16.97% | 1.56% | 60.56% | 302.20% | |
52 Neutral | AU$226.84M | ― | -24.24% | ― | ― | -107.21% | |
49 Neutral | $1.95B | -1.37 | -21.20% | 3.73% | 0.84% | -29.84% |
Brightstar Resources Limited Corporate Events
Brightstar Resources Limited has announced significant progress in its Sandstone Gold Project, aiming to establish a new long-life production center in Western Australia’s Goldfields. The company is advancing a Pre-Feasibility Study (PFS) with a target completion in the first half of 2026, supported by an aggressive drilling program and various studies to optimize operations. Brightstar’s exploration efforts are expected to enhance its mineral resource estimates and support its goal of becoming a +200,000 ounces per annum gold producer within five years. The development of the Sandstone project is set to coincide with peak operations at its Laverton and Menzies sites, potentially strengthening its position in the gold mining sector.
Red Hill Minerals Limited, a company focused on building a diversified commodity royalty portfolio, has announced the acquisition of a 2% Gross Revenue Royalty over the Sandstone Gold Project tenements. This strategic move aligns with Red Hill’s goal to expand its royalty holdings across various commodities and projects. The Sandstone Gold Project, part of Brightstar Resources Limited’s assets, covers approximately 443 km² and has a significant mineral resource. The acquisition involves a cash payment of $4 million and contingent payments based on future production. This acquisition marks a significant step for Red Hill in diversifying its portfolio and reflects confidence in Brightstar’s ability to develop the project.
Brightstar Resources Limited announced a significant change in the director’s interest, with Mr. Ashley Mark Fraser acquiring 200,000,000 fully paid ordinary shares through Blue Capital Equities Pty Ltd. This acquisition, valued at $4,200,000, was approved at the shareholder general meeting on April 17, 2025, and reflects a strategic move to strengthen the company’s market position and align with its growth objectives.
Brightstar Resources Limited has announced the issuance of 408,229,299 fully paid ordinary shares, in compliance with the Corporations Act 2001. This move, executed without the need for disclosure under Part 6D.2, signifies the company’s adherence to regulatory requirements and suggests a strategic maneuver to potentially enhance its financial standing and shareholder value.
Brightstar Resources Limited announced the issuance of 10,729,299 ordinary fully paid securities to cover corporate advisory fees related to the Alto Metals Scheme of Arrangement. This move reflects the company’s strategic financial management and could impact its liquidity and stakeholder relations.
Brightstar Resources Limited has announced the issuance of 10 million fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX). This move is part of the company’s strategy to enhance its capital structure, potentially impacting its market positioning and providing opportunities for stakeholders.
Brightstar Resources Limited has announced the quotation of 387,500,000 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of April 17, 2025. This move is part of a previously announced transaction, potentially enhancing the company’s market presence and providing additional capital for its operations, which could impact stakeholders by increasing the company’s financial flexibility and growth potential.
Brightstar Resources Limited has announced the final results of its Reverse Circulation drilling program at the Vanguard Camp, part of the Sandstone Hub. The results indicate high-grade gold findings, with significant assay results from both the Vanguard and Vanguard North deposits. This development is expected to enhance Brightstar’s resource base and strengthen its position in the gold mining sector, potentially benefiting stakeholders through increased resource estimates and future production prospects.
Brightstar Resources Limited has announced significant results from its Reverse Circulation drilling program at the Vanguard and Vanguard North deposits within the Sandstone Hub. The results reveal high-grade gold mineralization, indicating strong potential for open pit mining and resource growth. The drilling program aims to upgrade the Mineral Resource Estimate to Indicated status, supporting ongoing economic studies. With a fully funded drilling program for 2025, Brightstar anticipates substantial increases in both the size and quality of its Mineral Resources, positioning the Sandstone Hub as a promising development area in Western Australia’s gold sector.
Brightstar Resources Limited has successfully completed its first processing campaign at Genesis Minerals Ltd’s Laverton Mill, exceeding its initial estimates with a production of 4,297 ounces of gold. This achievement supports Brightstar’s production growth strategy and positions the company to benefit from record AUD gold prices. The company remains debt-free and is preparing for its next processing parcel in May 2025, while also advancing its development and exploration projects.
Brightstar Resources Limited has successfully completed its maiden gold pour at the Laverton Mill, marking a significant milestone in its CY25 production program. This achievement, facilitated through a strategic partnership with Genesis Minerals, highlights the company’s commitment to expanding its production capabilities. With ongoing development at the Fish underground mine and a comprehensive drilling program, Brightstar is well-positioned for sustained growth and value creation in the gold market.
Brightstar Resources Limited has announced a security consolidation, aiming to consolidate its shares on a 25:1 basis. This move, pending security holder approval, is part of the company’s strategic efforts to streamline its capital structure, potentially impacting its market positioning and attractiveness to investors.
Brightstar Resources Limited has announced a proposed issue of 387,500,000 ordinary fully paid securities, with the issue date set for April 22, 2025. This move is part of a placement or other type of issue, and the company is working with the ASX to ensure the securities are quoted on a deferred settlement basis. This proposed issuance could potentially impact Brightstar’s market position by increasing its capital base, which may be used for future growth opportunities or operational needs.
Brightstar Resources Limited has announced a General Meeting scheduled for April 17, 2025, encouraging shareholders to participate by lodging proxy forms and submitting questions in advance. This meeting is part of the company’s efforts to enhance communication with shareholders and streamline operations, reflecting its commitment to transparency and stakeholder engagement.
Brightstar Resources Limited has announced a General Meeting scheduled for April 17, 2025, where shareholders will vote on key resolutions. The meeting will address the ratification of previously issued Placement Shares and the approval to issue additional Topdrill Shares. These resolutions are significant for the company’s capital management and strategic growth initiatives, potentially impacting shareholder value and market positioning.
Brightstar Resources Limited has commenced its maiden gold processing campaign at the Laverton Mill, marking a significant milestone in its CY25 gold production program. The company has initiated ore processing under an Ore Purchase Agreement with Genesis Minerals, allowing for the sale and processing of up to 500,000 tonnes of ore. This development positions Brightstar to capitalize on record AUD gold prices and supports its strategic growth plans, including the development of the Fish underground project and ongoing exploration activities.
Brightstar Resources Limited has announced the results of its maiden Reverse Circulation drilling campaign at the Lord Nelson deposit, part of the Sandstone Gold Project. The drilling confirmed the continuity of high-grade gold mineralization, which is expected to support future upgrades of the Mineral Resource Estimate. The company is continuing its exploration efforts with a focus on expanding and upgrading resources at the Sandstone Hub, aiming for significant resource growth and new discoveries.
Brightstar Resources Limited has released its interim financial report for the half-year ending December 31, 2024. The report includes various financial statements and declarations, providing insights into the company’s financial performance and position. This release is crucial for stakeholders to assess Brightstar’s operational efficiency and financial health, impacting its market positioning and future strategic decisions.
Brightstar Resources Limited has announced a change in the interests of its director, Andrew Rich. The change involves the expiry of 1,078,125 unlisted options that were exercisable at $0.036 each, with no new acquisitions or disposals of other securities. This adjustment leaves Rich with 23,797,749 fully-paid ordinary shares and 51,750,000 performance rights expiring in June 2029, reflecting a streamlined portfolio and potentially impacting the company’s governance and strategic decisions.
Brightstar Resources Limited has received all necessary regulatory approvals to commence underground mining operations at its Fish Underground Project, with portal development scheduled for April 2025 and first ore production expected in the June quarter. The project is part of Brightstar’s strategy to enhance its high-grade gold production in the Laverton region, supported by advanced camp construction and infrastructure development, and ore haulage from existing stockpiles, positioning the company to capitalize on record gold prices.
Brightstar Resources Limited announced the cessation of Matthew Bowles as a director, effective 17 February 2025. Bowles held 63 million ordinary fully-paid shares through Atlantic Capital Pty Ltd, but had no securities in his own name. This change in directorship may lead to shifts in company strategy and decision-making processes, potentially impacting stakeholders and the company’s market approach.
Brightstar Resources Limited has released an investor presentation outlining its strategy to become a growing gold producer in Western Australia. The announcement highlights the company’s commitment to expanding its gold production capabilities, which may enhance its market positioning and potentially provide more value to its stakeholders.
Brightstar Resources Limited has announced that metallurgical testwork at its Cork Tree Well deposit has achieved gold recoveries exceeding 90%, with a high gravity gold content. The company plans to expedite further exploration and development activities to enhance its project outcomes. The resignation of Non-Executive Director Matthew Bowles marks a leadership change as Brightstar continues to advance its strategic goals.
Brightstar Resources Limited has entered into a binding agreement with Cazaly Resources Limited, granting Cazaly an option to earn up to an 80% interest in the Goongarrie Gold Project by investing $3 million in exploration. This strategic partnership allows Brightstar to concentrate on its operational priorities, including advancing Definitive Feasibility Study workstreams and supporting current mining operations, while maintaining a stake in potential exploration successes. The collaboration is expected to streamline Brightstar’s portfolio and expand its exploration and development footprint in the Menzies area.
Cazaly Resources Limited has entered into a joint venture agreement with Brightstar Resources Limited to earn up to an 80% stake in the Goongarrie Gold Project, located in the prolific Kalgoorlie-Menzies district of Western Australia. This strategic move allows Cazaly to explore a substantial area within a renowned gold mining zone, capitalizing on the rising gold prices. The project offers significant exploration potential with several high-priority drill targets, and Cazaly plans to invest up to $3 million in exploration activities, aiming to unlock untapped resources and maximize shareholder value.
Brightstar Resources Limited has announced results from its recent underground diamond drilling program at the Second Fortune Gold Mine, revealing high-grade gold assays. The drilling was part of an infill and extensional program aimed at updating the Mineral Resource, which is expected in the first half of 2025. The results, which include significant intercepts of gold mineralization, will aid in mine planning and potentially extend the life of the mine. These developments reinforce the geological consistency of the ore body at Second Fortune and highlight the ongoing ore haulage to Genesis Minerals for processing. The company’s efforts to enhance its resource base and operational efficiency may strengthen its market position and provide value to stakeholders.