BTR 5.88% 1.8¢ brightstar resources limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-2

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    Successful merger completed with Linden Gold Alliance Ltd transitions Brightstar into
    emerging gold producer and developer with combined +1.45Moz of gold resources
    • Board changes implemented post completion of the Linden acquisition, with Richard Crookes,
    Andrew Rich and Ashley Fraser appointed to the Board, whilst Greg Bittar and Josh Hunt
    stepped down from the Board of Directors
    • A maiden Mineral Resource Estimate of 70koz Au @ 1.6g/t Au was declared at the Aspacia
    deposit, which realises a ~20% increase in resources at the Menzies Gold Project under
    Brightstar ownership
    • High grade gold from geotechnical holes at Cork Tree Well with intercepts up to 16.83g/t Au
    o 8.4m at 3.97 g/t Au from 141.65m (CTWGT008); and
    o 8.2m at 1.67 g/t Au from 103.0m (CTWGT007)
    • Commencement of aggressive +30,000m drilling campaign across Brightstar’s enlarged
    portfolio, including Reverse Circulation and Diamond drilling targeting resource growth,
    upgrades and greenfields exploration prospects
    • High grades were returned in face sampling at the 1085 Main Lode North ore drive at the
    Second Fortune mine, with widths and grades typical of the Second Fortune Mine:
    o 1085-ML-N-17: 0.30m @ 40.9g/t Au (12.3g/m)
    o 1085-ML-N-18: 0.35m @ 31.6g/t Au (11.0g/m)
    o 1085-ML-N-20: 0.40m @ 45.2g/t Au (18.0g/m)
    o 1085-ML-N-21: 0.45m @ 41.3g/t Au (18.6g/m)
    • Infill RC program at Link Zone returned multiple shallow high-grade intercepts including:
    o 9m at 4.4 g/t Au from 18m, including 1m @ 29.1g/t Au from 18m (LZRC24029)
    o 18m at 1.2 g/t Au from 4m (LZRC24011), and
    o 5m @ 2.0 g/t Au from 2m, and 4m at 2.4g/t Au from 14m (LZRC24021)
    • Brightstar hauled and processed 10,562t of ore through Genesis Minerals Limited’s Gwalia
    processing plant under an existing Linden Gold Ore Purchase Agreement
 
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