The Brightstar Resources Ltd (ASX: BTR) share price is in focus after the company announced exceptionally wide, high-grade gold intercepts from infill drilling at its Two Mile Hill-Shillington deposit, part of the Sandstone Gold Project. Standout results include a 225.7 metre interval at 3.11 grams per tonne gold, with individual assays up to 449 grams per tonne.

What did Brightstar Resources report?

• Received further assay results from reverse circulation and diamond core drilling at Two Mile Hill-Shillington.
• Key intercepts include 225.7m @ 3.11g/t Au (including 19m @ 24.3g/t Au) and 194m @ 2.10g/t Au (including 13m @ 4.35g/t Au).
• Current Mineral Resource Estimate: 14.6 million tonnes at 1.6g/t Au for 731,000 ounces gold at Two Mile Hill-Shillington.
• Infill drilling targets areas for potential underground mining and aims to upgrade resources to Indicated classification.
• Visible gold was observed throughout significant intersections, typically associated with galena and pyrite.

What else do investors need to know?

Drilling at Sandstone is ongoing, with both RC and diamond rigs active across multiple deposits as part of workstreams for the pre-feasibility study. These latest results support Brightstar’s plans to potentially include underground mining in its upcoming study.

The infill drilling builds on recent success, following earlier results such as 305m at 1.8g/t Au from extension drilling. Initial work has also identified a newly discovered “Shirvington Zone” at Two Mile Hill, revealing even broader mineralisation than previously modelled.

What did Brightstar Resources management say?

Managing Director Alex Rovira said:

The latest results continue to demonstrate the broad widths of the Two Mile Hill deposit and high-grade nature of the quartz veining within the host tonalite, with individual grades reaching 449g/t Au. These infill results are hugely encouraging for a potential future underground mining operation at Two Mile Hill, which is currently being assessed by Brightstar and Entech for inclusion in the upcoming pre-feasibility study.

What’s next for Brightstar Resources?

Brightstar plans to incorporate the new infill drill results into its next Mineral Resource Estimate and pre-feasibility study, both set for release in November 2026. The ongoing drilling programs seek to further enhance geological confidence and explore extensions at depth.

Construction of the 1.5Mtpa processing plant is already underway as part of the broader Goldfields Hub development, with initial gold production targeted for June 2027. The company aims to progress towards large-scale underground and open pit mining across its Western Australian gold assets.

Brightstar Resources share price snapshot

Over the past 12 months, Brightstar Resources shares have risen 32%, outperforming the All Ordinaries Index (ASX: XAO), which has risen 1% over the same period.

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The post Brightstar Resources posts record gold drilling intercepts at Sandstone appeared first on The Motley Fool Australia.

More reading

• Brightstar Resources results: 4.5Moz gold resource and production plans advance
• Brightstar Resources provides Goldfields Project update as construction forges ahead
• Brightstar Resources drills thick gold intercepts to expand Sandstone scale

Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

The Lovisa Holdings Ltd (ASX: LOV) share price looks like an excellent long-term opportunity after seeing the growth numbers from its FY26 result.

Lovisa is a global retailer of affordable jewellery across numerous countries worldwide. Impressively, it has stores on every continent and has an excellent outlook, in my view.

Lovisa may not be a tech stock, but few names on the ASX have such a wide geographic reach, with plenty of growth potential to come.

Lots of store growth

The company continues to expand its global store network at an impressive pace, which is driving the overall business.

In FY26, the company reported a 10.2% year-over-year rise of its global store count to 1,136.

There was a net increase in stores over the year in Australia, Vietnam, South Africa, Zambia, the UK, Ireland, Spain, Germany, Belgium, the Netherlands, Switzerland, the USA, Canada and the Middle East and Africa franchise.

It’s growing in a number of markets, and this is helping increase its presence and scale there.

The business actually closed 43 underperforming stores during the financial year, as well as relocating a further 12 stores. It’s continuing to focus on store profitability – where landlords don’t provide a profitable rent, it is willing to close that store.

Its FY26 comparable store sales grew by 2%, with an acceleration to 3% growth in the first eight weeks of FY27. I think this shows the business can continue to expand, while maintaining profitability with its existing stores.

Impressive financial growth

Compounding is a very powerful force, and if Lovisa continues growing its store count by around 10% (or more) a year, it’s on course for a very profitable future.

In FY26, Lovisa’s revenue grew 17.6%, gross profit rose 18.4%, operating profit (EBITDA) climbed 20.9%, and net profit after tax (NPAT) increased 10.7%. Net profit rose more slowly than EBITDA because of store rollout costs.

But I think the benefits of the store rollout will be reflected in the bottom line in the coming years.

I believe that Lovisa’s net profit can continue growing at a double-digit compound annual growth rate (CAGR) in the coming years, which will help increase the value of Lovisa’s shares.

I’m optimistic the company can grow strongly in Europe and North America in the coming years.

Rewarding cash payouts

The company is steadily increasing its payout to investors, which is helping boost cash returns, even before considering what could happen to the Lovisa share price over the next few years.

In the FY26 result, Lovisa hiked its annual dividend per share by 11.7% to 86 cents. That translates into a dividend yield of 3.1%, excluding any franking credits.

I expect the dividend will continue to grow alongside net profit in the coming years, so the yield for today’s investors could grow significantly by the end of the decade.

The post Why I think the Lovisa share price is an excellent long-term buy right now appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Lovisa. The Motley Fool Australia has recommended Lovisa. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The Tivan Ltd (ASX: TVN) share price is in focus today after the company announced it has commenced a large-scale drone magnetic survey at its Turiscai and Baucau Projects in Timor-Leste. The survey covers 57 square kilometres and aims to sharpen priority drilling targets for copper and gold, building on previously reported high-grade copper and gold mineralisation from rock chip and stream sediment sampling.

What did Tivan report?

• Launched a large-scale drone magnetic survey over ~57 km² at Turiscai and Baucau Projects.
• The survey includes high-definition magnetic, LiDAR and photogrammetric data collection.
• Previous assays at Turiscai returned up to 23.1% Cu and 7.19g/t Au, and at Baucau up to 0.76% Cu and 9.3g/t Au.
• Survey work managed by PT Geologi Eksplorasi Indonesia with local Timor-Leste partners to encourage local participation.
• The survey will help refine targets for planned drilling campaigns.

What else do investors need to know?

Tivan’s use of drone-based technology marks a step up from previous exploration by delivering improved spatial resolution in magnetic data. This will help better define geological structures and mineralisation zones under cover, particularly where regional datasets could not provide enough detail for drill targeting.

The company has also entered a joint venture for the Baucau Project with state-owned Murak Rai Timor E.P., reinforcing local collaboration and laying the groundwork for longer-term development of Timor-Leste’s mineral sector.

Following completion of the current magnetic survey, advanced data processing and geological modelling will focus on pinpointing high-priority targets for the next phase of on-ground exploration and eventual drilling.

What did Tivan management say?

Mr Grant Wilson, Executive Chairman, said:

Today’s announcement marks a new phase of Tivan’s journey in Timor-Leste, moving beyond surface sampling and stream sediments, to the deployment of cutting-edge drone technology in this emerging and very special country.

In taking this step, we aim to refine and specify multiple drilling targets, enabling Tivan to secure the relevant regulatory approvals in good time, so that we may commence maiden drilling at Baucau and Turiscai this year.

This is an ambitious agenda.

With the trust we have established locally, including with our joint venture partner, Murak Rai Timor EP, along with the dedication of our world-class team, we will deliver.

What’s next for Tivan?

Tivan aims to use the new high-resolution survey data to upgrade its geological models and better target high-grade mineralisation at Turiscai and Baucau. Once the data is processed and interpreted, the company plans to advance priority exploration sites to drill-ready status, pending regulatory approvals.

The partnership with local and international geoscience teams demonstrates Tivan’s commitment to innovation and responsible resource development, with eyes set on maiden drilling within the current year.

Tivan share price snapshot

Over the past 12 months, Tivan shares have risen 130%, outperforming the All Ordinaries Index (ASX: XAO).

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The post Tivan launches drone magnetic survey at Timor-Leste copper-gold projects appeared first on The Motley Fool Australia.

More reading

• Tivan gets green light for maiden drilling at Sandover Fluorite Project
• Tivan receives $3m IPCM grant for Speewah Fluorite Project
• Tivan appoints advisor for Speewah Fluorite Project finance update

Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.