• Laverton-Menzies project to produce ~339koz over 5 years, averaging ~70koz p.a.
• Ore Reserves of 235koz at 1.7g/t Au, with significant exploration upside
• Robust economics with NPV8 of $316M and IRR of 73% (Spot Case $5,000/oz)

Brightstar Resources Ltd has delivered the Laverton-Menzies Feasibility Study, which outlines a 5-year production plan peaking at 91koz p.a. and averaging ~70koz p.a. The project has Ore Reserves of 235koz at 1.7g/t Au, underpinned by open pit and underground operations at the Menzies and Laverton gold projects. The DFS economics are robust, with an NPV8 of $316M and IRR of 73% at a Spot Case gold price of $5,000/oz. The peak funding requirement is $120M, with a payback period of just 1 year. The company is advancing a sequential multi-mine development approach, with Menzies production targeted to commence in CY26 to generate cash flow and contribute to the funding of the new 1.0Mtpa processing plant at Laverton. Brightstar is also progressing the Sandstone Gold Project, with a PFS planned for 1H CY26, as part of its TARGET200 growth strategy to reach a Group production profile of +200koz p.a. by 2029.

The Laverton-Menzies project is expected to produce ~339koz of gold over 5 years, averaging ~70koz p.a. This production profile is underpinned by Ore Reserves of 235koz at 1.7g/t Au.

Brightstar is advancing a sequential multi-mine development approach, with Menzies production targeted to commence in CY26 to generate cash flow and contribute to the funding of the new 1.0Mtpa processing plant at Laverton. The company is also progressing the Sandstone Gold Project, with a PFS planned for 1H CY26, as part of its TARGET200 growth strategy to reach a Group production profile of +200koz p.a. by 2029.