• Goldfields DFS 2.0 delivers enhanced production and financial metrics
• Sandstone project targeting a district scale long-life production centre
• Clear path to TARGET200 strategy of becoming a +200koz p.a. WA gold producer

Brightstar Resources is a fully funded gold developer executing on major production growth across its Goldfields and Sandstone projects in Western Australia. The updated Goldfields DFS 2.0 delivers enhanced production and financial metrics, with an average of 75koz p.a. of production over an initial 6-year mine life, first gold production targeted in JunQ'27, and robust LOM free cash flow generation of ~$1.0 billion. The Goldfields project has compelling economics with a pre-tax NPV8 of $606 million, pre-tax IRR of 74%, and an NPV/Capex ratio of 3.2x. Brightstar's Sandstone project is a material scale, long-life opportunity, with a current Mineral Resource of 2.4Moz at 1.5g/t Au, including 1.6Moz located in the top 150m from surface. The Sandstone PFS is targeted for 2H'CY26, evaluating a 4-5Mtpa central processing facility with potential for significant production profile and mine life to complement the near-term Goldfields Hub production. Brightstar is executing on a clear path to its TARGET200 aspiration of becoming a +200koz p.a. Western Australian gold producer.

Goldfields DFS 2.0 delivers 457koz of gold produced over 6 years, with average annual production of ~75koz. Sandstone project targeting a production profile and mine life to complement the near-term Goldfields Hub production.

Brightstar is executing on a clear path to its TARGET200 aspiration of becoming a +200koz p.a. Western Australian gold producer, leveraging its existing owner-operate capabilities to drive production growth across its Goldfields and Sandstone projects.