• Brightstar secures US$11.5M revolving stockpile finance facility with Ocean Partners
• Facility strengthens balance sheet and supports production growth at Laverton Hub
• Flexible funding to manage working capital for accelerated exploration and mining operations

Brightstar Resources Limited (ASX: BTR) has successfully executed a US$11.5 million (~AUD$18 million) revolving stockpile finance facility with Ocean Partners Australia Pty Ltd. The facility strengthens Brightstar's balance sheet, providing financial flexibility to support production growth at the Laverton Hub in CY25, in alignment with the Ore Purchase Agreement (OPA) with Genesis Minerals Limited. The facility supports Brightstar's strategy of growing current gold production through the OPA, delivering significant production growth via the near-term development of the Menzies and Laverton Gold Projects, and rapidly advancing the Sandstone Gold Project towards development. This underpins the company's goal to become a growing, material gold producer in the WA Goldfields with Brightstar aiming to be a +200koz p.a. gold producer within 5 years. The revolving nature of the facility provides ongoing working capital to fund development activities, including the Fish underground mine, expected to ramp up from JuneQ CY25.

The company expects to ramp up production at the Second Fortune mine towards 10,000-12,000 tonnes per month, commence development of the Fish underground mine with first ore budgeted for the June quarter 2025, and continue haulage, blending and processing of historic Lord Byron open pit stockpiles under the Genesis OPA in CY25.

Project free cash flow generated in CY25 under the OPA, combined with the new facility, will be applied to exploration and development activities across Brightstar's portfolio to generate growth in current and near-term production and support significant exploration activities.