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Ann: DECA Update and Renewed Exploration and Development Strategy, page-2

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    Update on AGM Results, DECA Implementation and Renewed Exploration and Development
    Strategy
    • Debt Cancellation and Share Cancellation approved by shareholders, $53M debt and 433M
    shares (53% of current issued capital) held by majority shareholders to be cancelled upon
    DECA completion
    • All resolutions put to shareholders at AGM approved
    • DECA now unconditional, to be implemented as soon as practicable
    • Stone Resources Australia Ltd to be renamed Brightstar Resources Ltd
    • Josh Hunt appointed as non-‐executive director
    • Brightstar currently developing renewed exploration strategy including a review of the
    Hawks Nest tenements, which are along strike from Magnetic Resources’ prospective Hawks
    Nest discoveries
    • Review of near surface targets at 100% owned Cork Tree Well project (3.9Mt @1.9 g/t for
    237koz Au)
    • Refurbishment study and upgrade plan to be initiated for the 330ktpa Brightstar Mill
    • Major rebrand to be implemented
 
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