• Proposed merger to consolidate tenement holdings in Sandstone Gold Project
• Combined Mineral Resource Estimate of ~2.4Moz @ 1.5g/t Au
• Merger seen as opportunity to de-risk and accelerate project development

Brightstar Resources Limited (ASX:BTR) and Aurumin Limited (ASX:AUN) have announced they are in discussions to consider a merger that would consolidate their respective tenement holdings in the Central Sandstone region. The companies recognize that the combination represents a unique opportunity to de-risk and accelerate the development of the emerging Sandstone Gold Project, provide greater certainty for new infrastructure in the region, and unlock exploration synergies. The combined Mineral Resource Estimate for the Sandstone Gold Project would be approximately 2.4Moz @ 1.5g/t Au, located on granted mining leases, making it a significant, near-term gold development opportunity in the Goldfields of Western Australia. The proposed transaction would see Aurumin shareholders receive 1 new Brightstar share for every 4.6 Aurumin shares held, representing a 17% premium to Aurumin's closing price on 27 June 2025. The companies are currently progressing mutual due diligence investigations, and any proposed transaction will be subject to completion of satisfactory due diligence, execution of a scheme implementation deed, and other customary conditions.