Scheme Booklet Registered by ASIC

Overview

The value of gold stays sturdy. In April 2024, the yellow metallic’s value handed US$2,400 per ounce for the primary time. The reason being multifaceted. The world teeters getting ready to a extreme recession whereas some markets attribute the rise to secure haven rush. Amidst ballooning rates of interest, financial institution failures and falling bond yields, demand for gold continues to rise. At this exact second, gold is concurrently a wonderful portfolio diversifier and a compelling hedge towards ongoing inflation — notably if one invests in the precise firm.

Brightstar Assets (ASX:BTR) goals to be that firm. An rising mining and growth firm, Brightstar occupies a strategic land place of roughly 300 sq. kilometers within the Laverton Tectonic Belt and 80 sq. kilometers of the Menzies Shear Zone.

The corporate additionally owns an present processing facility that may probably present large shareholder worth in a low-capital price restart state of affairs.

That plant, as soon as totally refurbished and operational, might show a key differentiator for the corporate, enabling quick gold manufacturing at a low capital price. That is particularly noteworthy on condition that many different gold firms buying and selling on the ASX are largely centered on greenfield exploration and growth. Even as soon as these firms uncover a promising useful resource, mining and processing amenities would nonetheless must be constructed, undertakings which might incur important upfront capital prices and take a number of years.

Brightstar’s Laverton gold belongings are all centered on a 100%-owned 300-square-kilometer tenure within the Laverton Tectonic Zone and all inside 70 kilometers of the Laverton Processing Plant. Moreover, all sources inside this zone are open alongside strike and at depth. Solely minor drilling packages have been carried out lately, paving the way in which for important exploration upside with the potential for additional regional and greenfields discoveries.

Brightstar additionally owns 100% of the Menzies Gold Mission, a contiguous land package deal of granted mining leases over a strike size of roughly 20 kilometers alongside the Menzies Shear Zone and adjoining to the Goldfields Freeway.

In 2023 and 2024, the corporate introduced a mineral useful resource improve to the Cork Tree Properly deposit (Laverton gold mission) and likewise delivered two maiden mineral useful resource estimates on the Hyperlink Zone and Aspacia deposits (Menzies gold mission). This has grown the entire group MRE by roughly 150 koz gold via natural exploration.

The corporate has additionally acquired a related curiosity in 96.75 p.c shares and 96.81 p.c possibility

shares and 96.81 p.c possibility of Linden Gold Alliance, a gold producer, developer and explorer with present mineral sources of 350 koz @ 2.1 g/t gold close to Brightstar within the Laverton district. Brightstar’s MRE has reached 1.1 Moz gold throughout the Menzies and Laverton tasks, with an extra 0.35 Moz gold in sources added after the profitable acquisition of Linden Gold Alliance. Brightstar has commenced the obligatory acquisition course of for the remaining Linden shares and choices in respect of which it has not acquired acceptances beneath the settlement.

In August 2024, Brightstar entered right into a scheme implementation deed to amass 100% of Alto Metals, which owns the Sandstone gold mission situated in East Murchison. The mission has a present mineral useful resource of 1.05 Moz of gold at 1.5 g/t.

Subsequent to the take care of Alto Metals, Brightstar entered right into a $4 million drill-for-equity settlement with Topdrill to aggressively advance the consolidated Sandstone gold mission. The deal strengthens Brightstar’s monetary capability to meet its multi-hub exploration and growth technique, which incorporates the Menzies and Laverton hubs and the Sandstone hub.

Brightstar additionally accomplished the acquisition of the gold rights on the Montague East gold mission (MEGP) from Gateway Mining Restricted (ASX:GML). The mission is situated 70 km from the Sandstone gold mission. The acquisition provides an extra 9.6 Mt @ 1.6 g/t gold for 0.5 Moz god to Brightstar’s JORC Mineral Useful resource Estimate, giving the corporate a complete mineral endowment of 38.3 Mt @ 1.6 g/t gold for two.0 Moz gold.

Firm Highlights

• Brightstar Assets is an ASX-listed mining and growth firm with multiple million ounces of gold sources and an on-site processing infrastructure.
• Brightstar’s mineral belongings are located throughout roughly 300 sq. kilometers of 100-percent-owned land within the Laverton Tectonic Zone and ~80 sq. kilometers within the high-grade Menzies Shear Zone.
• The Laverton Gold mission has a mineral useful resource of 9.7 Mt @ 1.6g/t gold for 511 koz gold and the Menzies gold mission has 13.8Mt @ 1.3g/t gold for 595 koz gold. This can be a whole mixed present mineral useful resource of 23 Mt @ 1.5 g/t gold for 1.1 Moz of gold
• In 2023, the corporate accomplished a scoping research into the event of its Menzies and Laverton gold tasks and the refurbishment and restart of its processing plant in Laverton.
• The scoping research produced sturdy working outcomes and compelling monetary outputs, together with:
  • 322 koz of gold recovered over eight years (40 koz each year)
  • Web current worth of AU$103 million (utilizing a gold value of AU$2,900/oz)
  • Inside charge of return of 79 p.c
  • Pre-production capital necessities of AU$22 million
  • All-in sustaining prices of A$2,041/oz
• As soon as refurbished, this infrastructure will permit Brightstar to fill a rising funding void for near-term gold builders in Western Australia, producing giant portions of gold at low capital price.
• In 2023 and 2024, Brightstar accomplished a small-scale mining three way partnership with BML Ventures which concerned a 50/50 profit-sharing settlement to take advantage of the Selkirk deposit at Menzies. In April 2024, Brightstar introduced that this three way partnership delivered a web revenue to Brightstar of $6.5 million.
• In June 2024, the corporate efficiently acquired all the issued bizarre shares and choices in Linden Gold Alliance, a gold producer, developer and explorer with present mineral sources of 350 koz @ 2.1 g/t gold close to Brightstar within the Laverton district.
• Linden is at the moment a gold producer, mining 15-20 koz pa from its high-grade underground Second Fortune Mine south of Laverton.
• Brightstar’s whole MRE throughout the Menzies and Laverton gold tasks elevated to 1.45 Moz gold after buying Linden. The entire mineral sources are situated on granted mining licenses.
• As a part of the merger with Linden Gold, Brightstar launched a scoping research into Linden’s development-ready Jasper Hills gold mission, which delivered key metrics together with:
  • 140 koz mined over 3.75 years (35 koz pa)
  • Web current worth of AU$99 million
  • Inside charge of return of 736 p.c
  • Pre-production capital necessities of $12 million
  • All-in sustaining prices of AU$1,972/oz
• Jasper Hills is situated simply 50 km SE of Brightstar’s processing plant within the Laverton gold mission
• Brightstar plans to proceed producing shareholder worth via a mix of growth and strategic acquisitions together with some exploration.

Located near Brightstar’s present mineral belongings at Laverton, the Brightstar Processing Plant supplies the corporate with a substantial operational head begin over its friends.

Highlights:

• Intensive Infrastructure: Present amenities on the plant embody two ball mills, an influence station and gravity and elution circuits. Different infrastructure contains:
  • A tailings storage dam
  • An on-site course of water pond
  • An operational 60-person lodging camp
  • An airstrip on the close by Cork Tree Properly Mission
  • Automobiles and tools embody a forklift, bobcat, two loaders, a number of gentle autos and a 30-tonne crane.
• A Leg Up Over Rivals: The presence of pre-existing processing infrastructure represents important time financial savings in comparison with greenfields growth. Brightstar had an unbiased valuation accomplished which valued the processing plant at AU$60 million in alternative worth.
• Low Upfront Capital Value: As a part of the scoping research launched in September 2023, GR Engineering estimated a capital price requirement to refurbish and develop the milling capability would price simply AU$18.5 million.
• Near Present Property: Brightstar’s main growth tasks — Cork Tree Properly, Jasper Hills, Beta and Alpha — are all near the plant.