• Successful completion of Sandstone transactions, growing resource base to over 3Moz Au
• Ore haulage commenced from Laverton Hub to Genesis Minerals' Laverton mill
• Raised $30M to fund production growth and exploration across expanded portfolio

Brightstar Resources Ltd (ASX:BTR) has released its Q4 2024 quarterly report, detailing key corporate, operational, and exploration developments. The company successfully completed the acquisitions of the Montague East Gold Project and the Sandstone Gold Project, consolidating a high-grade goldfield with substantial potential for organic growth. This has resulted in Brightstar's resource base growing to over 3Moz Au at 1.5g/t Au on granted mining leases. Ore haulage has now commenced from Brightstar's Laverton Hub to Genesis Minerals Ltd's Laverton mill as part of a previously announced Ore Purchase Agreement, with the first gold pour scheduled for March 2025. Brightstar also completed a successful $30M capital raise to fund production growth and aggressive exploration across its expanded portfolio. Exploration activities during the quarter included reverse circulation and diamond drilling programs at the Laverton, Menzies, and Sandstone hubs, with numerous high-grade intercepts reported. Underground development and production activities continued at the Second Fortune mine, with 580m of development completed and 9,901t of ore mined at 3.43g/t Au. The company also commenced early works for the Fish underground development project, which is expected to provide a step-change in Brightstar's production profile.

Under the Ore Purchase Agreement, up to 500,000t of material from Brightstar's Laverton assets will be processed over CY25 and Q1 CY26.

Brightstar is advancing the consolidated Laverton and Menzies Definitive Feasibility Study, targeting delivery in 1H CY25, and expediting development of the Fish deposit utilizing the company's underground owner-miner approach.