Brightstar Resources Limited · ASX:BTR
Brightstar Resources — Investor Presentation (November 2022)
29 slides from Brightstar Resources's investor presentation, Nov 21, 2022
Slide 1: Investor Presentation
INVESTOR PRESENTATION Brightstar 485ktpa Processing Facility INVESTOR PRESENTATION | BTR.ASX PAGE 1
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: World-Class Geological Address
WORLD-CLASS GEOLOGICAL ADDRESS c.300km2 of highly prospective mining and exploration tenements in the world-class Leonora–Laverton Region UNLOCKING VALUE THROUGH GOLD DISCOVERIES IN A GREAT GEOLOGICAL LOCATION • c.300km2 of highly prospective land in the world-class Laverton Goldfield – c.940km NE o
Slide 4: Corporate Overview
CORPORATE OVERVIEW After removing all remaining debt, Brightstar is positioned to deliver sustainable, long-term value for its shareholders. WELL-FUNDED CASH POSITION AND TIGHT REGISTER CAPITAL STRUCTURE (as at 18 November 2022) • Top 20 hold c.54%, Board & Management hold c.14% Share price 2.2c TOT
Slide 5: Strategic Processing Infrastructure
STRATEGIC PROCESSING INFRASTRUCTURE EXCELLENT PROCESSING INFRASTRUCTURE • 485ktpa processing plant1 • Supporting infrastructure, tailings dam and process water pond LOW-COST REFURBISHMENT & UPGRADE TO c.650ktpa 2 • COMO Engineers estimate a cost of $5.5m to refurbish and upgrade the plant to c.650kt
Slide 6: Key Fixed & Mobile Plant
KEY FIXED & MOBILE PLANT Earthmoving and other mobile plant in place for processing facility 60 PERSON CAMP INFRASTRUCTURE • 60-person accommodation camp MOBILE PLANT FOR PROCESSING FACILITY • 30 Tonne Crane, • Forklift, • Bobcat, • 2 x 966 Loaders and • Light Vehicles INVESTOR PRESENTATION | BTR.AS
Slide 7: Resource Development Highlights
RESOURCE DEVELOPMENT HIGHLIGHTS 460koz Au of Mineral Resources with significant growth opportunities Cork Tree Well Project 1. The Cork Tree Well Mineral Resource of 5.6Mt at 1.4g/t for 252koz is only 70km from the Brightstar processing plant. The most recent MRE (Aug 2022) has shown potential for u
Slide 8: CTW Underground Shoot
CTW UNDERGROUND SHOOT The discovery of a broad mineralised shoot potentially amenable to underground mining completely re-sets the potential size of this project. 0-5gm 5-10gm 10-20gm 20-30gm This shoot alone measures 300m along strike, up >30gm to 150m down-dip and between 15 and 30m thick. INVESTO
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 5.6Mt at 1.4g/t for 252koz within 70km of plant • High-grade, open shoots at depth and along strike • Significant near surface oxide resource remaining in the north • Suitable
Slide 10: Cork Tree Well Sections
CORK TREE WELL SECTIONS CTW Central CTW North INVESTOR PRESENTATION | BTR.ASX PAGE 10
Slide 11: Cork Tree Well Deposit
CORK TREE WELL DEPOSIT A-A’ UG MINING OPPORTUNITY At the northern end of the historic Southern open pit a sizable zone of consistent, thick mineralisation has been defined. This material plunges shallowly northward on the steeply easterly-dipping structure and is open to depth. The thickness of inte
Slide 12: Cork Tree Well Deposit
CORK TREE WELL DEPOSIT NEXT STEPS 32 RC drillholes completed in June/July 2022 to improve drill spacings north of the open pits and untangle lithological and structural questions. Results from these holes have the potential to grow the mineralised domains in this northern area. Those changes in inte
Slide 13: Cork Tree Well Sections N
CORK TREE WELL SECTIONS N CTW North Pit Airstrip Delta INVESTOR PRESENTATION | BTR.ASX PAGE 13
Slide 14: Cork Tree Well Deposit
CORK TREE WELL DEPOSIT • The current JORC resource of 5.6Mt at 1.4g/t for 252koz is located in the southern 3kms strike of poorly tested 3km of strike of the system with limited testing in the remaining 3km of strike extent in structures interpreted from SAM the northern part of the target area. • S
Slide 15: 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 16: Alpha Sections
ALPHA SECTIONS INVESTOR PRESENTATION | BTR.ASX PAGE 16
Slide 17: Alpha Deposit
ALPHA DEPOSIT EXPLORATION PLANS Alpha West 41 RC drillholes to infill current model where needed, extend/improve confidence of other areas, and grow the Resource. 12 RC drillholes completed at Alpha West. Results have confirmed presence of mineralisation in fresh rock with the deposit open to depth.
Slide 18: Alpha West Sections
ALPHA WEST SECTIONS Mineralisation open to depth, shallower dip than interpreted. Mineralisation open to depth despite previously closed off, pinch and swell morphology. Central part of Alpha West INVESTOR PRESENTATION | BTR.ASX PAGE 18
Slide 19: Alpha West Sections
ALPHA WEST SECTIONS Mineralisation open to depth, better grade in deepest hole. Mineralisation open to depth, steeper than previous interpretation. Central part of Alpha West INVESTOR PRESENTATION | BTR.ASX PAGE 19
Slide 20: Alpha West Sections
ALPHA WEST SECTIONS Northern part of Alpha West INVESTOR PRESENTATION | BTR.ASX PAGE 20
Slide 21: Alpha Deposit
ALPHA DEPOSIT • Pit wall sampling undertaken to test for potential mineralisation in walls of Alpha Pit. • Results can be interpreted as a set of en echelon veins that are rotated more anti-clockwise than the main axis of the pit. • Need to consider drill testing under walls of pit for en echelon ex
Slide 22: 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 Beta deposit lies adjacent to Brightstar’s 60-man camp and Processing Infrastructure • Historical production (from both Alpha & Brightstar) o
Slide 23: Beta Sections
BETA SECTIONS North Pit Mikado Pit INVESTOR PRESENTATION | BTR.ASX PAGE 23
Slide 24: Hawks Nest Project
HAWKS NEST PROJECT • Well known in Laverton for prospecting, dry- blowing and small early 20th century workings • Magnetic Resources (ASX: MAU) recently announced their maiden resource for the Laverton and Homeward Bound projects with 13.1Mt @ 1.22g/t Au for 511,000oz Au1 Eagles Nest • 87% of the re
Slide 25: Regional Exploration
REGIONAL EXPLORATION REGIONAL TARGETING • Regional exploration has been mainly focused on the Brightstar South package with successful aircore programs identifying anomalous material at Jubilee, Rowena, and Sailor Prince. • Other regional work was commenced at Delta 2 prospect in the Cork Tree Well
Slide 26: Regional Exploration
REGIONAL EXPLORATION DELTA 2 RC RESULTS • Confirmed bedrock mineralization under the aircore anomalism 300m metres along strike and approx. 100m vertical from surface. • Open to depth and along strike. • The total size and morphology of this mineralization is not clear at this early stage however th
Slide 27: Milestones and Gates
MILESTONES AND GATES Work Completed in 2022: Project Pipeline Alpha, • Comprehensive Modern MRE completed for CTW – completely new interpretation and estimation completed. Cork- • Detailed Drill Programs – Res Dev and Extensional Programs completed at CTW and Alpha West Tree Well • Exploration Drill
Slide 28: Brightstar Resources Strategic Plan
BRIGHTSTAR RESOURCES STRATEGIC PLAN Includes Resource Development Refurbishment and Upgrade of Continuing exploration to help fill MRE Checks and Database Drilling as well as Re-modelling Capacity of Mill based on the pipeline of projects to bring Validation based on new results. available Reserves.
Slide 29: Brightstar Resources Limited
BRIGHTSTAR RESOURCES LIMITED For more information please contact Mr William Hobba Managing Director billh@brightstarresources.com.au Or Mr Ian Pegg Exploration Manager ianp@brightstarresources.com.au INVESTOR PRESENTATION | BTR.ASX PAGE 29
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