Brightstar Resources Limited · ASX:BTR
Brightstar Resources — RIU Sydney Resources Round-Up 2021
17 slides from Brightstar Resources's conference presentation, May 5, 2021
Slide 1: RIU Sydney Resources Round-Up
RIU SYDNEY RESOURCES ROUND-UP IAN PEGG – EXPLORATION MANAGER INVESTOR PRESENTATION 5 MAY 2021 INVESTOR PRESENTATION | BTR.ASX PAGE
Slide 2: Disclaimer
Disclaimer Nature of this document: The purpose of this presentation is to provide general information about Brightstar Resources Limited (the ‘Company’). Unless otherwise stated herein, the information in this presentation is based on the Company’s own information and estimates. In attending this p
Slide 3: Investment Highlights
INVESTMENT HIGHLIGHTS Brightstar is an emerging growth story with a key point of difference to other WA gold explorers & near-term developers 445koz Au of Mineral Resources concentrated within the prolific Laverton goldfield 1. Brightstar’s Mineral Resource of 7.2Mt at 1.9g/t for 445koz Au is strate
Slide 4: Corporate Overview
CORPORATE OVERVIEW After a successful recapitalisation, Brightstar is positioned to deliver sustainable, long-term value for its shareholders. CAPITAL STRUCTURE Current WELL-FUNDED CASH POSITION AND TIGHT REGISTER Share price1 3.5c • $2m in cash & equivalents after the sell-down of outstanding Regis
Slide 5: Our History
OUR HISTORY The platform has been set for sustainable, long-term growth as a near-term gold producer VALUE CREATION ONE STEP AT A TIME 9.0c 8.0c 7.0c 6.0c 5.0c 4.0c 3.0c 2.0c 1.0c - Apr-19 Jul-19 Oct-19 Jan-20 Apr-20 Jul-20 Oct-20 Jan-21 Apr-21 Aug 20 Dec 20 Sale of Ben Hur Nov 20 Commencement of SA
Slide 6: World-Class Geological Address
WORLD-CLASS GEOLOGICAL ADDRESS c.200km2 of highly prospective mining and exploration tenements in the world-class Leonora–Laverton Region UNLOCKING VALUE THROUGH GOLD DISCOVERIES IN A GREAT GEOLOGICAL Cork Tree Well 3.9Mt @ 1.9g/t for 237koz LOCATION Hawk’s Nest c.70km haulage to Brightstar Plant Nu
Slide 7: Strategic Processing Infrastructure
STRATEGIC PROCESSING INFRASTRUCTURE COMO Engineers confirm low-cost refurbishment and upgrade of the Brightstar Plant to c.650ktpa EXCELLENT PROCESSING INFRASTRUCTURE • 485ktpa processing plant1 • Supporting infrastructure, including a 60-person accommodation camp, tailings dam and process water pon
Slide 8: Undervalued Compared to Peers
UNDERVALUED COMPARED TO PEERS At $30/oz Au in Resource, Brightstar represents a substantial value opportunity relative to its ASX Listed WA Gold Peers 1 EV/Resource ($/oz) WA Near-Term Gold Developers Brightstar has Plenty of Room to Grow WA Gold Explorers Despite having a 445koz Resource concentrat
Slide 9: Cork Tree Well Deposit
CORK TREE WELL DEPOSIT • Historical production (1987 – 1989) of 740kt at 2.4g/t for 57koz Au • Significant JORC resource of 3.9Mt at 1.9g/t for 237koz (c.56% M&I) within 70km of plant • High-grade, open shoots at depth and along strike • Significant near surface oxide resource remaining in the north
Slide 10: Alpha Deposit
ALPHA DEPOSIT • JORC Resource of 1.4Mt at 2.3g/t for 106koz Au within 15km of processing plant (c.58% M&I) • Grades look to be increasing at depth and down plunge – open at depth • Suitable for Open pit and underground mining studies • Potential for targeted extensional and potential infill drilling
Slide 11: Beta Deposit
BETA DEPOSIT • JORC Resource of 1.9Mt at 1.7g/t for 101koz Au (c.49% M&I) • Grades look to be increasing at depth and down plunge – open at depth • Brightstar deposit lies adjacent to Brightstar’s 60-man camp and Processing Infrastructure BBC047: 7m@6.4g/t from 135m • Historical production (from bot
Slide 12: Hawk's Nest
HAWK’S NEST • Well known in Laverton for prospecting, dry- blowing and small early 20th century workings • Magnetic Resources (ASX: MAU) progressing their premier HN9 Project within 1km alongstrike of the southern end of the Brightstar’s Hawk’s Next tenements Brightstar Hawk’s Nest • MAU has complet
Slide 13: What's Next?
WHAT’S NEXT? STANDING ON THE SHOULDERS OF OUR PREDECESSORS REVIEW HISTORICAL DATABASES • Robust geological data and metadata. Hardcopy available for validation. • Historical geophysical and geochemical surveys available for all project areas. RESOURCE DEFINITION DRILL PLANNING • Exploit shallow exte
Slide 14: Why Invest in Brightstar? It's as Easy as 1, 2, 3
WHY INVEST IN BRIGHTSTAR? IT’S AS EASY AS 1, 2, 3…. ONE world-class geological address TWO installed ball mills for 485ktpa processing capacity THREE JORC compliant Resources for 445koz Au Brightstar offers exposure to significant exploration potential and has a clear pathway to becoming Western Aus
Slide 15: Thank You
THANK YOU CONTACTS BRIGHTSTAR RESOURCES brightstarresources.com.au info@brightstarresources.com.au 08 9277 6008 3/25 Belgravia Street, Belmont, WA 6104 INVESTOR PRESENTATION | BTR.ASX PAGE 15
Slide 16: Appendix 1: Detailed Peer Data
APPENDIX 1: DETAILED PEER DATA Mkt. Cap Cash Debt Enterprise Value Mineral Resource Mineral Resource EV/Resource Ticker Company Name Stage Plant Installed? (A$m)1 (A$m)2 (A$m)2 (A$m) (koz, Au)3 (koz, Au)3 (A$/oz) MGV Musgrave Minerals Limited Near-Term Development No $195 $24 -- $171 659 3.19 $259 G
Slide 17: Appendix 2: Mineral Resource Estimates
APPENDIX 2: MINERAL RESOURCE ESTIMATES Brightstar Project Mineral Resources (cut-off grade of 0.5g/t Au) Tonnes Grade Contained Au Category (kt) (g/t Au) (koz) CORK TREE WELL Measured & Indicated 2,164 1.91 133 Inferred 1,696 1.90 104 Sub-Total 3,860 1.91 237 BETA Measured & Indicated 921 1.62 48 In
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