• Updated Goldfields DFS 2.0 delivered compelling economics and provides a strong platform for near-term development of 75koz p.a. of gold production
• Successful completion of $193M capital raise and $120M senior secured bond to fully fund Goldfields development and Sandstone feasibility work
• Sandstone strategic plan outlines two-year pathway to unlock a district-scale, long-life production centre

Brightstar Resources Ltd (ASX: BTR) released its March 2026 quarterly report, highlighting key developments across its Goldfields and Sandstone projects. The updated Goldfields DFS 2.0 delivered compelling economics, providing a strong platform for near-term development of 75koz p.a. of gold production. The company successfully completed a $193M capital raise and $120M senior secured bond to fully fund the Goldfields development and Sandstone feasibility work. Brightstar also released its Sandstone Strategic Plan, outlining a targeted two-year pathway to transform the existing 2.4Moz @ 1.5g/t Au project into a district-scale, long-life production centre. During the quarter, the company continued mining operations at its Second Fortune and Fish underground mines, with the Fish mine transitioning to a state of 'mine readiness' ahead of recommencement of ore production in early 2027. Brightstar also completed its final ore processing campaign under the Ore Purchase Agreement with Genesis Minerals, recovering 7,873oz Au. The company continues early works and site preparation at Goldfields in anticipation of a formal Final Investment Decision in Q2 2026, with GR Engineering selected as the preferred EPC contractor for the new 1.5Mtpa processing plant.

Brightstar is focused on advancing the Goldfields project to a Final Investment Decision in Q2 2026, with first gold production targeted for Q2 2027. The company is also progressing the Sandstone project, aiming to deliver a Maiden Ore Reserve and Pre-Feasibility Study in H2 2026 to unlock the project's potential as a district-scale, long-life production centre.