Ann: Acquisition of Comet Well, page-2

25 October 2021
BRIGHTSTAR TO ACQUIRE PROSPECTIVE EXPLORATION
LICENCES IN LAVERTON
HIGHLIGHTS:
• Brightstar to acquire 120km 2 tenement package that is contiguous with the
Company’s Laverton Gold Project.
• Acquisition significantly increases Brightstar’s land holding to ~300km 2
• 17 prospects identified within acquired tenements for high impact
exploration
• Tenements acquired have modest but highly encouraging historical
exploration results, including shallow historic drill results
• First assays from the Cork Tree Well drilling program expected imminently

Brightstar Resources Limited (Brightstar or the Company) is pleased to announce
the execution of a Binding Agreement (Agreement) in respect of the acquisition of
prospective exploration licences in Western Australia, E38/3500 and E38/3504
(Comet Well) from Milford Resources Pty Ltd (Milford).
Comet Well is a 120km 2 land package located adjacent and contiguous to
Brightstar’s existing exploration license areas at Alpha and Beta. Alpha and Beta
contain a combined JORC Resource of 207koz @ 2g/t Au (See Figure 1 for Project
Location).
Comet Well has been subject to sporadic and inexhaustive exploration activities in
the past, with the last major exploration campaign being conducted in 2001.
Brightstar’s geological team has identified 17 prospective targets, including 5 high
priority areas for immediate follow up exploration to compliment Brightstar’s
current resource expansion drill program underway at Cork Tree Well.
COMMENT
Brightstar Managing Director Bill Hobba commented
“Logistically the Comet Well lease package aligns closely with the Alpha and Beta
packages that Brightstar already owns, this will allow unfettered access between
the two packages as well as providing opportunities for synergies between projects
in adjacent lease holdings. With over 17 potential targets and significant
opportunity available in an area that is already part of Brightstar’s expertise these
leases are an excellent fit for our existing tenure.
We also are eagerly awaiting the assay results from the Company’s Cork Tree
Well drilling program, which are expected imminently.”