June 2024 Quarterly Activity Report

Key activities for Brightstar Resources Limited (Brightstar or the Company) (ASX: BTR) during the June 2024 Quarter (June Quarter) are outlined below.

Highlights:

• Successful merger completed with Linden Gold Alliance Ltd transitions Brightstar into emerging gold producer and developer with combined +1.45Moz of gold resources
• Board changes implemented post completion of the Linden acquisition, with Richard Crookes, Andrew Rich and Ashley Fraser appointed to the Board, whilst Greg Bittar and Josh Hunt stepped down from the Board of Directors
• A maiden Mineral Resource Estimate of 70koz Au @ 1.6g/t Au was declared at the Aspacia deposit, which realises a ~20% increase in resources at the Menzies Gold Project under Brightstar ownership
• High grade gold from geotechnical holes at Cork Tree Well with intercepts up to 16.83g/t Au
  • 8.4m at 3.97 g/t Au from 141.65m (CTWGT008); and
  • 8.2m at 1.67 g/t Au from 103.0m (CTWGT007)
• Commencement of aggressive +30,000m drilling campaign across Brightstar’s enlarged portfolio, including Reverse Circulation and Diamond drilling targeting resource growth, upgrades and greenfields exploration prospects
• High grades were returned in face sampling at the 1085 Main Lode North ore drive at the Second Fortune mine, with widths and grades typical of the Second Fortune Mine:
  • 1085-ML-N-17: 0.30m @ 40.9g/t Au (12.3g/m)
  • 1085-ML-N-18: 0.35m @ 31.6g/t Au (11.0g/m)
  • 1085-ML-N-20: 0.40m @ 45.2g/t Au (18.0g/m)
  • 1085-ML-N-21: 0.45m @ 41.3g/t Au (18.6g/m)
• Infill RC program at Link Zone returned multiple shallow high-grade intercepts including:
  • 9m at 4.4 g/t Au from 18m, including 1m @ 29.1g/t Au from 18m (LZRC24029)
  • 18m at 1.2 g/t Au from 4m (LZRC24011), and
  • 5m @ 2.0 g/t Au from 2m, and 4m at 2.4g/t Au from 14m (LZRC24021)
• Brightstar hauled and processed 10,562t of ore through Genesis Minerals Limited’s Gwalia processing plant under an existing Linden Gold Ore Purchase Agreement

Brightstar completes merger with Linden Gold Alliance Limited^1,7

• Brightstar Resources Limited successfully acquired Linden Gold Alliance Limited (Linden) via unanimously recommended off-market scrip takeover offer
• Linden is a gold producer, developer and explorer with existing mineral resources of 350koz @ 2.1g/t Au near Brightstar’s existing processing infrastructure in the Laverton district
• Highly regarded natural resources industry professional Richard Crookes has joined the Board of Directors as Independent Non-Executive Chairman, along with Linden Directors Andrew Rich and Ashley Fraser appointed as Executive Director and Non-Executive Director respectively
• Concurrent with the Linden merger, Brightstar completed a $12 million capital raise which included the introduction of multiple strategic major shareholders onto the Brightstar register including St Barbara Limited (ASX:SBM), Lion Selection Group (ASX:LSX) and Collins Street Asset Management.
• The combination of Linden and Brightstar created a gold producer and development company with a material resource base that supports the Company’s strategy of becoming a mid-tier gold producer

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