Brightstar Resources Limited · ASX:BTR
Brightstar Resources — Investor Presentation (July 2021)
25 slides from Brightstar Resources's investor presentation, Jul 29, 2021
Slide 1: Brightstar Resources – Pathway to Production
BRIGHTSTAR RESOURCES IAN PEGG – EXPLORATION MANAGER PATHWAY TO PRODUCTION 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 TIGHT REGISTER WITH WORKING CAPITAL Share price1 2.5c • ~$1.0m in cash & equivalents after the sell-down of outstanding Regis Resou
Slide 5: Resource Development Highlights
RESOURCE DEVELOPMENT HIGHLIGHTS 445koz Au of Mineral Resources with significant growth opportunities Alpha Project 1. The Alpha Mineral Resource of 1.4Mt at 2.3g/t for 106koz Au is within 15km of Brightstar processing plant. It is composed of both oxide and fresh material that can be mined through o
Slide 6: World-Class Geological Address
WORLD-CLASS GEOLOGICAL ADDRESS Laverton Greenstone belt - 2nd highest producing area for gold in WA. - Sons of Gwalia (2.5MOz) - Sunrise Dam (10.0MOz) - Granny Smith (2.0MOz) - Wallaby (7.0MOz) 1st is of course the Norseman-Wiluna belt with the Kalgoorlie Superpit contributing 50MOz on it’s own. Oth
Slide 7: 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 8: Milestones and Gates
MILESTONES AND GATES Work Completed in the Previous Quarter: Project Pipeline • Three Year Project Plan with a View to Re-Starting Full Production by Q3 2022 Alpha, • Geological Databases Re-Constructed for Alpha, Beta and Cork Tree Well Cork- • Exploration Target Optimisation Works for Alpha and Co
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: Cork Tree Well Sections
CORK TREE WELL SECTIONS CTW North CTW Southern Pit Infill holes planned southern side of this already deeply drilled (200m plus) section INVESTOR PRESENTATION | BTR.ASX
Slide 11: N Cork Tree Well Deposit – Drill Plans
N CORK TREE WELL DEPOSIT Exploration Targeting Shell DRILL PLANS 90 RC or Diamond drillholes to infill current model where needed, extend/improve confidence of other areas, and grow the Resource. Historical production (1987 – 1989) from these two pits was 740kt at 2.4g/t for 57koz Au Airstrip will b
Slide 12: N Cork Tree Well Deposit – Exploration Potential
N CORK TREE WELL DEPOSIT ~3kms of additional strike Exploration Potential extent. Poorly tested. The exploration opportunity has expanded significantly with the completion of the SAM survey at CTW. Structures similar to the CTW deposit can be interpreted with up to 3km of additional strike extent to
Slide 13: 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 14: Alpha Deposit – Drill Plans
ALPHA DEPOSIT DRILL PLANS 53 RC/Diamond drillholes to infill current model where needed, extend/improve confidence of other areas, and grow the Resource. No official historical production N available from this pit however it is Exploration Targeting Shells estimated that 22kOz were taken from Alpha
Slide 15: Alpha Sections
ALPHA SECTIONS Alpha Near Pit INVESTOR PRESENTATION | BTR.ASX
Slide 16: 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 • Historical production (from both Alpha & Brightstar) of c.2
Slide 17: Beta Sections
BETA SECTIONS Beta Central Pit Beta North Pit INVESTOR PRESENTATION | BTR.ASX
Slide 18: Hawk's Nest Project
HAWK’S NEST PROJECT Brightstar 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. • MAU ha
Slide 19: Regional Exploration
REGIONAL EXPLORATION 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 shal
Slide 20: 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 21: Brightstar Resources 3 Year Plan
BRIGHTSTAR RESOURCES 3 YEAR PLAN Auditing of Brightstar Geologist for Mineral Refurbishment and site and Compliance Resources and Mine Upgrade of Capacity of MRE Checks and works to be Engineer for Ore Mill based on available Open Pit Mining and Database Validation undertaken. Reserves Reserves. Pro
Slide 22: 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 22
Slide 23: Appendix 1: Detailed Gold Peer Data
APPENDIX 1: DETAILED GOLD 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 $179 $24 -- $155 659 3.19 $
Slide 24: Appendix 1: Detailed Gold Peer Comparison
APPENDIX 1: DETAILED GOLD PEER COMPARISON At $22/oz Au in Resource, Brightstar represents a substantial value opportunity relative to its ASX listed WA gold peers $235/oz $176/oz $128/oz $120/oz $101/oz $95/oz $85/oz $76/oz $72/oz $61/oz $51/oz $37/oz $35/oz $33/oz $31/oz $22/oz Ticker MGV YRL GML H
Slide 25: 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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