• GR Engineering Services Limited selected as preferred EPC contractor for Goldfields processing plant
• Early works agreement executed, enabling long-lead items to be ordered
• Final Investment Decision targeted for late MarQ'26, with construction to commence under fixed-price EPC contract

Brightstar Resources Limited (ASX:BTR) has engaged GR Engineering Services Limited (ASX:GNG) as the preferred contractor for the engineering, procurement and construction of the Laverton Processing Plant and associated facilities for the 100%-owned Goldfields Gold Project. An Early Works Agreement (EWA) has been executed, enabling long-lead times to be ordered - including a SAG mill and variable speed drive - along with continued detailed engineering and operational readiness activities. Final Investment Decision (FID) by the Company is targeted late in the MarQ'26, with construction of the plant to commence under a fixed-priced EPC contract structure. First gold pour is targeted in JunQ'27. The engagement of GR Engineering ensures sustained momentum for the development of the Laverton processing plant and is another important milestone in de-risking the near-term development of the Goldfields Project. GR Engineering has a proven track record in delivering the design, engineering and construction of gold projects in Western Australia, with a reputation for on-time and on-budget delivery of EPC projects. The fixed-price EPC structure, with cost, schedule and performance guarantees, delivers a de-risked engineering and construction partner for Brightstar to ensure it delivers on the DFS 2.0 operational and financial metrics. With the equity financing completed and the debt financing process progressing, all approvals required either granted or lodged awaiting grant, Brightstar is well placed to build the Goldfields Project and grow its gold production profile.

Brightstar's updated Definitive Feasibility Study (DFS 2.0) for the Goldfields Project is set to generate outstanding financial returns, with a robust production profile and significant free cashflow. Key metrics include an average LOM annual production of 75koz, free cash flow (pre-tax) of A$1,417 million, and pre-tax IRR of 106% at an A$7,000/oz gold price.