• Board approved Final Investment Decision for Goldfields Project
• All key regulatory approvals received
• EPC contract executed with GRES for Laverton Processing Plant
• Strategic agreement with Aquirian Limited for drill and blast services
• Goldfields Project to commence production in June 2027

Brightstar Resources Ltd. has announced its quarterly activities for the June 2026 period. The company has approved the Final Investment Decision for its 100%-owned Goldfields Project, which is set to commence gold production in June 2027 with an initial production target of approximately 75,000 ounces per annum over an initial mine life of six years. All necessary regulatory approvals have been received, including the Mining Development and Closure Proposal approval from the Department of Mines, Petroleum and Exploration and the Part V Works Approval from the Department of Water and Environmental Regulation. Additionally, an Engineering, Procurement and Construction (EPC) contract has been executed with GR Engineering Services Limited (GRES) for the new 1.5Mtpa Laverton Processing Plant. The company has also entered into a strategic framework agreement with Aquirian Limited (ASX:AQN) to partner for drill and blast mining services for the Goldfields Hub's open pit operations. Furthermore, Brightstar has entered into a Power Purchase Agreement and LNG Supply Agreement for the Laverton mill power station. The company ended the quarter with $122 million in cash on hand and undrawn net bond proceeds of $161 million, totaling $283 million in liquidity.

Brightstar expects to produce ~75koz p.a. for an initial mine life of six years starting June 2027

Brightstar remains focused on delivering the Goldfields Project safely, on schedule and within budget as it builds toward becoming a substantial mid-tier Western Australian gold producer.