Brightstar Resources Limited · ASX:BTR
Brightstar Resources — Investor Presentation (September 2022)
23 slides from Brightstar Resources's investor presentation, Sep 5, 2022
Slide 1: Pathway to Production
For personal use only PATHWAY TO PRODUCTION 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 For personal use only own information and estimate
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 For personal use only UNLOCKING VALUE THROUGH GOLD DISCOVERIES IN A GREAT GEOLOGICAL LOCATION • c.300km2 of highly prospective land in the world-class Laverton Go
Slide 4: Corporate Overview
CORPORATE OVERVIEW After a successful recapitalisation, Brightstar is positioned to deliver sustainable, long-term value for its shareholders. For personal use only WELL-FUNDED CASH POSITION AND TIGHT REGISTER CAPITAL STRUCTURE (as at 30 June 2022) • Top 20 hold c.52%, Board & Management hold c.16%
Slide 5: Resource Development Highlights
RESOURCE DEVELOPMENT HIGHLIGHTS 460koz Au of Mineral Resources with significant growth opportunities For personal use only 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
Slide 6: CTW Underground Shoot
CTW UNDERGROUND SHOOT The discovery of a broad mineralised shoot potentially amenable to underground mining completely re-sets the potential For personal use only 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
Slide 7: Cork Tree Well Deposit
CORK TREE WELL DEPOSIT • Historical production (1987 – 1989) of 740kt at 2.4g/t for 57koz Au For personal use only • 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
Slide 8: Cork Tree Well Sections
CORK TREE WELL SECTIONS CTW Central CTW North For personal use only INVESTOR PRESENTATION | BTR.ASX PAGE 8
Slide 9: Cork Tree Well Deposit: UG Mining Opportunity
CORK TREE WELL DEPOSIT A-A’ UG MINING OPPORTUNITY For personal use only 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.
Slide 10: Cork Tree Well Deposit: Next Steps
CORK TREE WELL DEPOSIT NEXT STEPS For personal use only 32 RC drillholes completed in June/July 2022 to improve drill spacings north of the open pits and untangle lithological and structural questions. These holes have the potential to join or at least grow domains in this northern area. Assays are
Slide 11: 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 For personal use only 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 o
Slide 12: Alpha Deposit
ALPHA DEPOSIT For personal use only • 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 pot
Slide 13: Alpha Sections
ALPHA SECTIONS For personal use only INVESTOR PRESENTATION | BTR.ASX PAGE 13
Slide 14: Alpha Deposit: Exploration Plans
ALPHA DEPOSIT EXPLORATION PLANS For personal use only 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. Waiting on results. No official historical production available from this
Slide 15: Beta Deposit
BETA DEPOSIT • JORC Resource of 1.9Mt at 1.7g/t for 101koz Au (c.49% M&I) For personal use only • 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
Slide 16: Beta Sections
BETA SECTIONS For personal use only North Pit Mikado Pit INVESTOR PRESENTATION | BTR.ASX PAGE 16
Slide 17: Hawks Nest Project
HAWKS NEST PROJECT For personal use only • 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 Eagle
Slide 18: Regional Exploration
REGIONAL EXPLORATION For personal use only 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
Slide 19: Strategic Processing Infrastructure
STRATEGIC PROCESSING INFRASTRUCTURE COMO Engineers confirm low-cost refurbishment and upgrade of the Brightstar Plant to c.650ktpa For personal use only EXCELLENT PROCESSING INFRASTRUCTURE • 485ktpa processing plant1 • Supporting infrastructure, tailings dam and process water pond LOW-COST REFURBISH
Slide 20: Key Fixed & Mobile Plant
KEY FIXED & MOBILE PLANT Earthmoving and other mobile plant in place for processing facility For personal use only 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
Slide 21: Milestones and Gates
MILESTONES AND GATES For personal use only 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 We
Slide 22: Brightstar Resources Strategic Plan
BRIGHTSTAR RESOURCES STRATEGIC PLAN For personal use only 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 result
Slide 23: Thank You
THANK YOU BRIGHTSTAR RESOURCES LIMITED For personal use only 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 23
Brightstar Resources — Investor Presentation (September 2022) on 6ix