• Ore processing has commenced at Genesis Minerals' Laverton mill
• First gold pour expected this week under the Ore Purchase Agreement
• Delivered 60kt at 2.0g/t Au for the first processing parcel

Brightstar Resources Limited has announced the commencement of its maiden gold processing campaign at Genesis Minerals' Laverton mill, with the first gold pour expected this week. The company has delivered approximately 60kt of ore at a blended grade of 2.0g/t Au for the initial processing parcel, which has been derived from Brightstar's high-grade Second Fortune Underground mine and existing stockpiles at Lord Byron. The commencement of production marks a key milestone in Brightstar's accelerated CY25 Laverton production strategy. Brightstar has executed an Ore Purchase Agreement (OPA) with Genesis to deliver, sell and process up to 500,000 tonnes of ore at the Laverton mill over the course of CY25 and Q1 CY26. The company expects to deliver sufficient ore consistently throughout the term of the OPA to support regular processing parcels and deliver consistent cashflow, which will in turn support Brightstar's aggressive exploration and development plans across its Menzies, Laverton and Sandstone hubs. Development activities continue at the Fish underground mine, with the underground portal expected to be fired in April, ahead of first ore in the June 2025 quarter. Brightstar's Definitive Feasibility Study on the wider Laverton-Menzies development is also nearing completion, which will outline the company's multi-mine development strategy for near-term production growth.

Brightstar expects sufficient ore to be delivered to the Laverton Mill consistently throughout the term of the Ore Purchase Agreement (CY25 and Q1 CY26) for regular processing parcels to deliver consistent cashflow.

Brightstar's Definitive Feasibility Study on the wider Laverton-Menzies development is nearing completion, which will outline the company's multi-mine development strategy for near-term production growth. Development activities also continue at the Fish underground mine, with the underground portal expected to be fired in April, ahead of first ore in the June 2025 quarter.