RIU Explorers Conference Presentation

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 Study¹ existing infrastructure highlights a low capital and low risk pathway to production leveraging
  • 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% @ A$2,900/oz
    
    • NPV8 of $153m and IRR of 138% @ A$3,100/oz (spot gold)
  • LOM C1 cash costs A$1,765/oz
  • 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
• Mining Pre-Feasibility Studies underway
  • Selkirk Mining JV (50:50) underway at the Menzies Gold Project with partner BML Ventures
  • Mine plan of +30kt of ore @ 5g/t Au. Processing through Gwalia mill (GMD.ASX) in Q1 ‘24
  • Cash flow enables organic funding for exploration and feasibility studies
  • Assessing other small scale mining opportunities at the Menzies Gold Project (= “Selkirk 2.0”)

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