• Acquisition of Aurumin Ltd consolidates Sandstone district with 2.4Moz @ 1.5g/t Au
• Laverton-Menzies DFS outlines ~70kozpa production, Sandstone PFS planned for 1H CY26
• $50M equity raising to fund accelerated Sandstone exploration and development

Brightstar Resources has announced the acquisition of Aurumin Ltd through a Scheme of Arrangement, further consolidating the Sandstone district. The combined Mineral Resource now stands at 3.9Moz @ 1.5g/t Au, with the Sandstone Hub accounting for 2.4Moz @ 1.5g/t Au. The company is advancing the Laverton-Menzies project, with a Feasibility Study outlining ~70kozpa production over 5 years, underpinned by 235koz @ 1.7g/t Au in Ore Reserves. This provides a platform for the development of the Sandstone project, with a Pre-Feasibility Study planned for delivery in 1H CY26 to evaluate a 3-5Mtpa central processing facility. Brightstar is undertaking a $50 million equity raising to fund accelerated exploration and development activities at Sandstone, complemented by debt funding to achieve a target 70:30 debt-to-equity ratio. The company is targeting a Final Investment Decision on Sandstone by CY27, with the goal of aligning Sandstone's development with continued production growth from Laverton-Menzies to aspirationally reach a Group production profile of +200koz per annum by 2029.

Brightstar is targeting the delivery of a Pre-Feasibility Study for the Sandstone project in 1H CY26, which will evaluate 3-5Mtpa central processing capacity scenarios. The company is aiming to reach a Final Investment Decision on the Sandstone development by CY27, aligning with continued planned production growth from the Laverton and Menzies hubs to aspirationally target a Group production profile of +200koz per annum by 2029.