Star Minerals Ltd. · ASX:SMS
Star Minerals — Investor Presentation (November 2025)
13 slides from Star Minerals's investor presentation, November 2025
Slide 1: From Explorer to Emerging Near-Term Gold Producer
CORPORATE PRESENTATION | NOVEMBER 2025 FROM EXPLORER TO EMERGING NEAR - TERM GOLD PRODUCER November 2025 starminerals.com.au ASX: SMS
Slide 2: Disclaimer
DISCLAIMER CORPORATE PRESENTATION | NOVEMBER 2025 Disclaimer and Important Information Previously reported information This presentation has been prepared by Star Minerals Limited ABN 53 648 048 631 (Company or Star The information in this presentation relating to : (1) the Updated Scoping Study and
Slide 3: Investment Highlights
INVESTMENT HIGHLIGHTS ASX: SMS CORPORATE PRESENTATION | NOVEMBER 2025 NEAR - TERM HIGH - GRADE GOLD PRICE STRATEGIC PATH TO GOLD RESOURCE, STRENGTH PARTNERS RE - RATING PRODUCER LOW CAPITAL ~A$6,200/oz Au MEGA Resources Transition from INTENSITY significantly above and Bain Global micro-cap to cash-
Slide 4: Corporate Snapshot
CORPORATE SNAPSHOT CORPORATE PRESENTATION | NOVEMBER 2025 222.67M A$0.043 A$9.6M A$7.7M SHARES ON ISSUE SHARE PRICE MARKET CAP ENTERPRISE VALUE (cash ~A$428k as at 30 September 2025, capital raise 29 October 2025 A$1.5m 1) KEY SHAREHOLDERS Bain Global Resources participated in a placement at 4.31% a
Slide 5: Gold Market Tailwinds
GOLD Gold Chart – 1 yr Gold (Au) Value in Australian Dollars ($) per ounce CORPORATE PRESENTATION | NOVEMBER 2025 MARKET Gold Price in AUD/oz Current Price ~A$6,200 TAILWINDS Significant potential for lower and upper range value increase Scoping study completed May 2024 at A$3,000–3,800/oz Au. Gold
Slide 6: Tumblegum South
TUMBLEGUM SOUTH CORPORATE PRESENTATION | NOVEMBER 2025 FOUNDATION ASSET LOCATION: RESOURCE: PRODUCTION LOW CAPITAL SPRINGBOARD 40km south of 616 kt @ 2.28 Target : 11.8–15.9 REQUIREMENT: FOR CASH Meekatharra on g/t Au for koz Au over ~18 A$ 1.7–3.9 M FLOW AND granted mining 45 koz months. GROWTH lea
Slide 7: Exceptional Drilling Results
EXCEPTIONAL DRILLING RESULTS ASX: SMS CORPORATE PRESENTATION | NOVEMBER 2025 5 m @ 30.91 g/t Au (incl. 2 m @ 75.45 g/t Au) Recent high - grade 5m @ 10.85 g/t Au (incl. 2m @ 25.65 g/t Au) hits include: 7m @ 3.28 g/t Au (incl. 1m @ 13.40 g/t Au) Results de - risk early production and ASX announcements
Slide 8: Regional Gold Milling Options
REGIONAL GOLD MILLING OPTIONS CORPORATE PRESENTATION | NOVEMBER 2025 Many operating Opportunities for gold processing tolling or mill plants in the region re - start Mine schedules being developed with MEGA Resources for discussions with mineral processing operators in the area ASX: SMS
Slide 9: Approvals & Development Timeline
APPROVALS & DEVELOPMENT TIMELINE ASX: SMS CORPORATE PRESENTATION | NOVEMBER 2025 JULY AUG SEPT Q4 Q1 2025 2025 2025 2025 2026 Native Vegetation All environmental Mining Approvals Anticipated First mining Clearing Permit and geotechnical application receipt of mining campaign planned submitted 1 stud
Slide 10: Deepening Strategic Partnership
DEEPENING STRATEGIC PARTNERSHIP CORPORATE PRESENTATION | NOVEMBER 2025 MEGA Resources Bain Global Resources Right to Mine Agreement with MEGA Resources' finance arm - WA-based mining contractor holds 9.67% SMS (associate of BGR Mining & Infra, one of India’s largest private mining groups). Capital S
Slide 11: West Bryah Gold Upside
WEST BRYAH GOLD UPSIDE CORPORATE PRESENTATION | NOVEMBER 2025 RIDING THE REGIONAL WAVE REGIONAL SETTING • 694 km² of tenements in West Bryah, WA. • Adjacent to Tambourah Metals (TMB) high-grade Beatty Park South discovery. • Active neighbourhood: Westgold, Metal Bank, Solara Minerals. REGIONAL DISCO
Slide 12: Why Invest?
WHY INVEST? CORPORATE PRESENTATION | NOVEMBER 2025 Current position: ~A$10M market cap, low EV and strong cornerstone investors NEAR - TERM STRATEGIC THE BIG CATALYSTS OPTIONALITY PICTURE Transition to gold Partnerships provide From tightly held micro- production, generating the capability to expand
Slide 13: Contact Us
CORPORATE PRESENTATION | NOVEMBER 2025 CONTACT US Ashley Jones Paul Berson Managing Director Investor Relations info@starminerals.com.au paul@corporatestorytime.com +61 8 9226 1860 +61 421 647 445 Star Minerals 191B Carr Place Follow us: West Leederville starminerals.com.au ASX: SMS 13
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