Brightstar Resources Limited · ASX:BTR
Brightstar Resources — Investor Presentation (April 2023)
28 slides from Brightstar Resources's investor presentation, Apr 19, 2023
Slide 1: Building a New Player in the WA Goldfields
For personal use only BUILDING A NEW PLAYER IN THE WA GOLDFIELDS INVESTOR PRESENTATION APRIL 2023 INVESTOR PRESENTATION |
Slide 2: Important Notice & Disclaimer
IMPORTANT NOTICE & DISCLAIMER Important Notices This Presentation has been prepared by Brightstar Resources Limited (Brightstar) and Kingwest Resources Limited (Kingwest) and is authorised by the Board of Directors of Brightstar and the Board of Directors of Kingwest. For personal use only Disclaime
Slide 3: Unlocking Value in Underexplored Assets
Unlocking Value in Underexplored Assets Brightstar – Right Rocks in the Right Area <Insert generic map of WA with project For personal use only • Strategic land position of ~300km2 in the Laverton Tectonic Belt areas and greenstone belts> • Excellent geological terrane - home to 20Moz+ mineral endow
Slide 4: Corporate Overview
Corporate Overview CURRENT BOARD & MANAGEMENT For personal use only Brightstar Alex Rovira, Managing Director Share Price $0.014/sh Equity Capital Markets, Geologist Shares on Issue 832,628,823 Josh Hunt, Non-Executive Chairman Commercial Lawyer Market Capitalisation $12m Significant mining & Tony L
Slide 5: Merged Group – Highlights
Merged Group – Highlights Substantial Assets in the Right Postcode For personal use only - ~1Moz JORC Resource post merger - All resources on granted mining leases - Processing infrastructure on C&M - Underexplored tenure in world class districts Surrounded by Major Deposits and Mines - Granny Smith
Slide 6: Transaction Overview & Strategic Rationale
Transaction Overview & Strategic Rationale Unanimous support from Kingwest and Brightstar Boards for the merger For personal use only Transaction • Merger of Brightstar and Kingwest to be effected via a Kingwest scheme of arrangement (Scheme) under which Brightstar will Structure acquire 100% of the
Slide 7: Regional Overview
Regional Overview Opportunity to consolidate a fragmented junior landscape in a world class address For personal use only Regional Consolidation & Simplified Corporate Strategy Regional Overview • Regional consolidation is underway in Leonora and there is an opportunity to consolidate underappreciat
Slide 8: Brightstar Asset Overview
Brightstar Asset Overview Base load resources with material exploration upside and a processing solution For personal use only • Approximately 300km2 of 100%-owned tenure in the Laverton Tectonic Zone. Significant exploration upside exists across the tenement package • Portfolio is spread across mul
Slide 9: Cork Tree Well Exploration
Cork Tree Well Exploration Open pit: +250koz JORC Resource - Open Along Strike and at Depth For personal use only • +6,000m 30 hole RC drilling program completed in March 2023 • Program targeting extensions along strike to the north and depth extensions • Assays have been received and reported for 1
Slide 10: Brightstar Processing Plant
Brightstar Processing Plant Existing infrastructure underpins and accelerates re-start optionality For personal use only Infrastructure Provides Operational Head-Start over Peers Processing Plant & Infrastructure in Laverton Processing Infrastructure • 485ktpa CIL processing plant1 currently on care
Slide 11: Capital Cost Estimates (Process Plant)
Capital Cost Estimates (Process Plant) Recent constructed & studies of WA gold processing facilities demonstrate inherent value of the BTR infrastructure For personal use only Plant Purchasing Size Cost Type Project Location Builder Year Completed Ref: Company ($M) (Mtpa) Study – New Build Musgrave
Slide 12: Kingwest Resources
KINGWEST RESOURCES For personal use only INVESTOR PRESENTATION | 12
Slide 13: Kingwest Asset Overview
Kingwest Asset Overview Contiguous land package in prolific historic mining field For personal use only • Kingwest owns 100% of the Menzies Gold Project (MGP), a tenement holding of a contiguous land package of granted mining leases over a strike length of +15km • High-grade open pit ounces can be m
Slide 14: Kingwest Asset Overview – High grade open pit and underground ounces
Kingwest Asset Overview High grade open pit and underground ounces For personal use only Stirling and Pericles High Grade Domains • Shallow drilling at the Stirling and Pericles Deposits has delineated high grades that underpinned a high-grade domain subset of the Mineral Resource Estimate1 announce
Slide 15: Exploration Upside - Kingwest
Exploration Upside - Kingwest Limited and ineffective historical exploration provides high-grade opportunities at Menzies For personal use only • Despite a long and successful mining history, exploration drilling at Menzies was historically focused on: - Near mine exploration in and around the activ
Slide 16: Exploration Upside - Brightstar
Exploration Upside - Brightstar Big land package with modest effective historic drilling despite the deposits being open at depth For personal use only • Brightstar owns ~300km2 of 100%-owned tenure in the Laverton Tectonic Zone, which is renowned for its significant mines currently being mined to >
Slide 17: Recent Developments - Regional Consolidation
Recent Developments - Regional Consolidation Goldfields regional consolidation reduces 3rd party processing optionality • Gwalia processing plant expected to be fully utilised post completion of the For personal use only purchase and successful ramp-up by Genesis Minerals1 – Removal of ~1.4Mtpa proc
Slide 18: Transaction Timeline
Transaction Timeline Key events and the expected timing in relation to the approval and implementation of the Scheme are set out in the table below For personal use only Indicative Transaction Timeline Date Transaction announced Friday, 23 December 2022 Variation to the Scheme Announced Wednesday, 1
Slide 19: Summary
Summary Merger is a logical consolidation of two advanced assets in a prolific gold district and Tier-1 jurisdiction For personal use only MUTUALLY BENEFICIAL TRANSACTION TO BOTH SETS OF SHAREHOLDERS ✓ Bigger Player in the WA Goldfields • Scale & Relevance: Increased scale of JORC Mineral Resources
Slide 20: Appendices
APPENDICES For personal use only INVESTOR PRESENTATION | 20
Slide 21: Enhanced Asset Diversification and Scale
Enhanced Asset Diversification and Scale Multiple ore sources provides optionality in production scenarios, in a dynamic district For personal use only Resource Overview (koz) Merged Group Resource Overview (koz) • The Merged Group’s combined asset base of 21Mt @ 1.5g/t Au for 965koz 101 consists of
Slide 22: Operational Overview
Operational Overview Merger invites diversified ore opportunities for assessing production opportunities For personal use only Merged Group Overview Regional Overview Laverton (Brightstar) • Cork Tree Well, Alpha, Beta Key Project Areas Menzies (Kingwest) • Stirling/Pericles, Yunndaga, Lady Shenton,
Slide 23: Refreshed Corporate Strategy to Drive Shareholder Returns
Refreshed Corporate Strategy to Drive Shareholder Returns Clear and deliverable targets to create value over the short, medium and longer term For personal use only • Two complementary advanced gold exploration plays located in a Tier 1 operating jurisdiction under-going significant Establishing Cri
Slide 24: Capital Cost Estimates (Process Plant)
Capital Cost Estimates (Process Plant) Brightstar Plant & Infrastructure provide potential “Capital-light” Pathway To Production For personal use only Recent development estimates can be analysed ( ~1Mtpa to ~2.5Mtpa operations) for conceptual production scenario planning purposes; 1.0Mtpa: Average
Slide 25: Key Benefits to Both Sets of Shareholders
Key Benefits to Both Sets of Shareholders Merger unlocks significant latent value and provides a win for both shareholders For personal use only MUTUALLY BENEFICIAL TRANSACTION TO BOTH SETS OF SHAREHOLDERS ✓ Mitigation of single asset development risk ✓ Increased scale of JORC Mineral Resources fast
Slide 26: Brightstar JORC Resource Statement
Appendix 1 BRIGHTSTAR JORC RESOURCE STATEMENT For personal use only Category MEASURED INDICATED INFERRED TOTAL Deposit Au Cut-off Mt Au g/t Ounces Mt Au g/t Ounces Mt Au g/t Ounces Mt Au g/t Ounces Alpha 0.5 0.62 1.6 33,000 0.38 2.1 25,000 0.46 3.3 48,000 1.4 2.3 106,000 Beta 0.5 0.35 1.7 19,000 0.5
Slide 27: Supporting Sources
Appendix 2 Supporting Sources: For personal use only Operating Costs 1) RED 5 December 2022 Quarterly Presentation https://www.red5limited.com/site/pdf/f393f69b-f363-42a8-86fe-8f3adabe4b61/December-2022-quarterly-presentation.pdf 2) Dacian Gold December 2022 Quarterly Report https://www.daciangold.c
Slide 28: For personal use only
For personal use only ALEX ROVIRA GREG BITTAR Managing Director Executive Chairman Alex@brightstarresources.com.au gbittar@kingwestresources.com.au INVESTOR PRESENTATION | 28
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