• Ore processing has commenced for the second processing campaign under the Ore Purchase Agreement with Genesis Minerals Ltd
• Total ore delivered to the Laverton Mill ROM pad for processing in the May parcel is approximately 55kt @ +2.0g/t Au
• Fish underground mine development continues, with first ore expected in June

Brightstar Resources Limited (Brightstar or the Company) is pleased to report that the second processing campaign under the Ore Purchase Agreement (OPA) with Genesis Minerals Limited (Genesis) has commenced and is expected to conclude later this month. Brightstar has delivered 55kt @ +2.0g/t Au to Genesis' Laverton Mill, with ore sourced from the high-grade Second Fortune underground mine and existing lower-grade stockpiles from Brightstar's Laverton Hub. Mining continues at the Fish underground mine, with the mine expected to be a contributor to future processing campaigns from June. The final metallurgical reconciliation will be completed and reported in the coming weeks, following the conclusion of the campaign. This will provide definitive data on campaign performance, including feed head grade, recoveries, and recovered ounces. Under the OPA, Brightstar will deliver, sell, and process up to 500,000 tonnes of ore through the Laverton Mill from its Laverton Hub across CY25 and into Q1 CY26. The development of the Fish underground mine continues on schedule and budget, with significant progress made on underground mining operations and continued site establishment and infrastructure installation occurring on site. Mining operations at Second Fortune continue with a recent uplift in production rates supporting increased tonnes delivered into the OPA with Genesis. Brightstar will provide a detailed update to the market on the May processing parcel's performance, including final recovered ounces, following the completion of metallurgical reconciliation within the next four weeks. Concurrently, mining and haulage activities continue at Second Fortune, Fish and Jasper Hills to prepare for a third processing parcel for the Laverton Mill, scheduled for Q3 CY25. The Company's Definitive Feasibility Study on its broader Laverton-Menzies development strategy is progressing well, with delivery on track for in 1H CY25 to further delineate Brightstar's path to becoming a significant, multi-mine ASX-listed gold producer.

Brightstar is well funded with the Ocean Partners revolving stockpile facility strengthening ongoing working capital to fund development activities. The company is targeting to become a +200koz p.a. gold producer within 5 years.

Brightstar is advancing a systematic exploration and study program on its Sandstone assets, targeting the delivery of a Pre-Feasibility Study in 1H CY26. The company is also progressing a debt financing process with domestic banks and non-bank natural resource specialist financers for the financing of the Menzies and Laverton operations.