Brightstar Resources Limited · ASX:BTR
Brightstar Resources — Investor Presentation (June 2023)
22 slides from Brightstar Resources's investor presentation, Jun 8, 2023
Slide 1: Building Western Australia's Next Gold Miner
Building Western Australia’s Next Gold Miner Investor Presentation June 2023
Slide 2: Important Notice & Disclaimer
Important Notice & Disclaimer Important Notices This Presentation has been prepared by Brightstar Resources Limited (Brightstar) and is authorised by the Board of Directors of Brightstar. Disclaimer • This Presentation has been prepared by Brightstar based on information from its own and third party
Slide 3: Building a New WA Gold Miner
Building a New WA Gold Miner Material and Growing Asset Base • Robust project pipeline of JORC2012-compliant gold resources – 965koz @ 1.5g/t Au Existing JORC Resource of 20.5Mt • Extensive exploration portfolio with numerous ‘walk up’ @ 1.5g/t Au for 965koz1 targets – material high grade results ou
Slide 4: Value Drivers for 2023 and beyond
Value Drivers for 2023 and beyond Increased scale to become a material and relevant participant in the WA gold sector – building to +1Moz Resources Tier-1 jurisdiction with compelling land position in two proven goldfields with multi-million ounce endowments • Significant operations nearby include G
Slide 5: Corporate Overview
Corporate Overview SHARE PRICE 0.035 12.0 $0.012 1,574,015,186 0.030 10.0 Share Price Shares on issue 0.025 Share Price (A$/sh) 8.0 Volume (M) 0.020 6.0 0.015 4.0 0.010 $19m $2.5m1 0.005 2.0 Market Capitalisation Cash 0.000 0.0 Apr-22 Jul-22 Oct-22 Jan-23 Apr-23 Volume (M) Share Price (A$/sh) – $17m
Slide 6: Regional Overview
Regional Overview Opportunity to consolidate a fragmented junior landscape in a world class address Low Capital Pathway to Production & Consolidation Opportunities Regional consolidation is underway in Leonora-Laverton area and there is an opportunity to consolidate stranded assets in the region Bri
Slide 7: Laverton Gold Project Overview
Laverton Gold Project Overview Base load resources with material exploration upside and a processing solution Approximately 300km2 of 100%-owned tenure in the Laverton Tectonic Zone. Significant exploration upside exists across the tenement package Portfolio is spread across multiple project areas1:
Slide 8: Cork Tree Well – Scale & Upside
Cork Tree Well – Scale & Upside Open pit +250koz JORC Resource Open Along Strike and at Depth +6,000m 30 hole RC drilling program completed in March 2023 This program targeted extensions along strike to the north and down dip at depth Results received included1: • 10m @ 4.5g/t Au from 192m (BTRRC184
Slide 9: Exploration Upside – Laverton Gold Project
Exploration Upside – Laverton Gold Project All holes Holes deeper Big land package with ineffective historic drilling drilled at than 100m drilled at CTW, CTW despite the deposits being open at depth with green box indicating SAM survey target ~300km2 of tenure in the Laverton Tectonic Zone, which i
Slide 10: Menzies Gold Project Overview
Menzies Gold Project Overview Contiguous land package in prolific historic mining field Consists of a tenement holding of a contiguous land package of granted mining leases over a strike length of +15km Majority of deposits are hosted along the Menzies Shear Zone and located adjacent to Goldfields H
Slide 11: Stirling & Pericles – Grade & Margin
Stirling & Pericles – Grade & Margin Potential for high margin early cashflow from near-surface deposits Brightstar is assessing early ore mining opportunities to monetise higher-grade components of the mineral resource, presenting potentially significantly material cashflows to fund overall growth
Slide 12: Exploration Upside – Menzies Gold Project
Exploration Upside – Menzies Gold Project Limited and ineffective historical exploration provides high-grade opportunities at Menzies Despite a long and successful mining history, exploration drilling at Menzies was historically focused on: • Near mine exploration in and around the active mining cen
Slide 13: Brightstar Processing Plant
Brightstar Processing Plant Existing infrastructure underpins and accelerates re-start optionality Processing Plant & Infrastructure Provides Operational Infrastructure Head-Start over Peers in Laverton Processing Infrastructure • 485ktpa CIL processing plant1 currently on care & maintenance, inclus
Slide 14: Peer Comparison: Enterprise Value per Resource Ounce
Peer Comparison Combination of attractively priced ounces that belies the inherent value of Brightstar’s assets $200 $180 Enterprise Value (A$ per Resource Ounce $160 $140 $120 $100 $80 $60 EV/Resource oz Au - Average $46/oz $40 $20 $179 $121 $98 $98 $70 $63 $54 $54 $51 $45 $45 $44 $35 $31 $27.8 $25
Slide 15: Summary
Summary Existing JORC Resource of 20.5Mt @ Two-pronged corporate strategy Healthy project pipeline consisting of 1.5g/t Au for 965koz, located on granted to monetise assets and build JORC2012-compliant gold resources mining leases in a Tier-1 jurisdiction resource base to +1Moz across 12 deposits Le
Slide 16: Appendices
APPENDICIES
Slide 17: Board & Management
Board & Management ALEX DEAN GREG JONATHAN JOSH TONY ROVIRA VALLVE BITTAR DOWNES HUNT LAU MANAGING DIRECTOR COO NON-EXEC CHAIRMAN NON-EXEC DIRECTOR NON-EXEC DIRECTOR NON-EXEC DIRECTOR Mr Rovira is a qualified Mr Vallve holds technical Mr Bittar holds a Master of Mr Downes has over 25 Mr Hunt is an M
Slide 18: Consolidated JORC 2012 Resources
Appendix 1 Consolidated JORC 2012 Resources Location Measured Indicated Inferred Total Au Cut-off (g/t) Kt g/t Au Koz Kt g/t Au Koz Kt g/t Au Koz Kt g/t Au Koz Alpha 0.5 623 1.6 33 374 2.1 25 455 3.3 48 1,452 2.3 106 Beta 0.5 345 1.7 19 576 1.6 29 961 1.7 54 1,882 1.7 102 Cork Tree Well 0.5 - - - 1,
Slide 19: Peer Comparison Information & References
Appendix 2 Peer Comparison Information & References MARKET CAP TOTAL RESOURCE CODE COMPANY STAGE CASH (A$M) EV (A$M) SHARE PRICE MEASURED (Koz) INDICATED (Koz) INFERRED (Koz) GRADE (g/t) $EV/oz SOURCE DATE (A$M) (Moz) Sydney Resources Round MGV Musgrave Minerals Pre-Feasibility $177.4 $11.8 $165.6 $
Slide 20: Recent WA Gold Processing Facilities Constructed & Studied
Appendix 3 Recent constructed & studies of WA gold processing facilities demonstrate inherent value of the BTR infrastructure Purchasing Plant Size Type Project Location Cost ($M) Builder Year Completed Ref: Company (Mtpa) Purchase of Operating Plant Karora Resources Lakewood 5km SE of Kalgoorlie 1.
Slide 21: Supporting Sources
Appendix 4 Supporting Sources Capital Costs 1) Karora Karora Closes Acquisition of Lakewood Gold Mill: https://www.karoraresources.com/2022-07-27-Karora-Resources-Closes-Acquisition-of-the-Lakewood-Gold-Mill 2) GRES Investor Presentation Feb 2022: https://www.asx.com.au/asxpdf/20220222/pdf/45671hgjw
Slide 22: Alex Rovira – Contact
ALEX ROVIRA Managing Director alex@brightstarresources.com.au brightstarresources.com.au
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