• Fully funded Goldfields development with first gold targeted in JunQ'27
• New 1.5Mtpa processing plant to unlock 1.6Moz @ 1.6g/t Au Mineral Resource
• Robust Goldfields economics with pre-tax NPV of $606M, pre-tax IRR of 74%

Brightstar Resources has outlined a fully funded pathway to deliver +75koz p.a. of gold production from its Goldfields project, with first gold targeted in JunQ'27. The Goldfields development features a new 1.5Mtpa processing plant to unlock the existing 1.6Moz @ 1.6g/t Au Mineral Resource on granted mining leases. The project economics are robust, with a pre-tax NPV of $606M, pre-tax IRR of 74%, and average annual free cash flow of $163M. The development plan is underpinned by three open pits accounting for over 70% of the total Goldfields gold production, with the first open pit at Lord Byron commencing mining in late CY26. Brightstar has appointed GR Engineering to construct the new processing plant, and has executed a strategic drill and blast agreement with Aquirian Ltd. The company is fully funded to execute on the Goldfields development, having raised A$193M in equity and US$120M in debt.

Brightstar is targeting +75koz p.a. of gold production from the Goldfields project over an initial 6-year period, with first gold production in JunQ'27.