Menzies & Laverton Restart Mining Study - September 2023

Brightstar Resources Limited (Brightstar or the Company) (ASX: BTR) is pleased to present its investor presentation.

Project Overview

• +1Moz JORC Resources – Open and growing to deliver scale to become a material and relevant participant in the WA gold sector
• Tier-1 jurisdiction with compelling land position in two proven goldfields with multi-million ounce endowments:
  • Significant operations nearby include Granny Smith, Sunrise Dam, Gwalia, Mt Morgans, King of the Hills
  • Excellent regional infrastructure and supplier networks
• Robust Scoping Study highlights a low capital and low risk pathway to production leveraging existing infrastructure
  • 322koz produced over eight years
  • Average production profile over LOM of +40koz Au per annum
  • Staged development delivers low pre-production capex of approximately $22 million
  • NPV8 of $103m and IRR of 79%
  • LOM C1 cash costs A$1,765/oz
  • BTR currently trading at 0.2x NPV8
  • Brightstar’s refurbished mill in Laverton strategically located to unlock regional assets
• Significant Upside to Scoping Study:
  • Production target only includes ~30% of current Mineral Resource
  • Compelling exploration upside and targets for inclusion in future mine planning
• Mining Pre-Feasibility Studies underway

Click here for the full ASX Release

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