• Delivery of Laverton and Menzies Gold Projects Definitive Feasibility Study
• Undiscounted pre-tax cash flows of $461 million, NPV8 of $316m and IRR of 73%
• Aspiration of being +200kozpa gold producer by 2029

Brightstar Resources Ltd has provided a detailed quarterly update, highlighting the delivery of the Laverton and Menzies Gold Projects Definitive Feasibility Study. The Study comprises an initial mine production target of approximately 6.4Mt @ 1.81g/t Au for 338,528oz recovered over approximately five years, with undiscounted pre-tax cash flows of $461 million, NPV8 of $316m and IRR of 73% at spot gold price scenario (A$5,000/oz). With Sandstone FID targeted for 2027, Brightstar re-affirms its aspiration of being a +200kozpa gold producer by 2029. The company also reported on its excellent operating safety record, ore sales under the Ore Purchase Agreement with Genesis Minerals, and progress at its Second Fortune and Fish underground mines. Exploration activities and Mineral Resource Estimate updates were also highlighted, with the company's group Measured & Indicated classified Mineral Resources now surpassing +1Moz Au. Additionally, Brightstar announced ongoing discussions with Aurumin Ltd regarding a possible transaction to consolidate the Central Sandstone region, and a $50M capital raising.

Average recovered ounces of ~70koz per annum, with strong potential to increase mine life with continued exploration of existing Mineral Resources. Total project peak funding requirements of approximately $120 million in March 2027.

Brightstar re-affirms its aspiration of being a +200kozpa gold producer by 2029. Cash flows from Menzies and Laverton operations are targeted to provide material funding benefit for future Sandstone development capital requirements.