Aurumin merger with Brightstar advances as scheme booklet registered

Aurumin Limited today confirmed the Australian Securities and Investments Commission (ASIC) has registered its Scheme Booklet, detailing Brightstar Resources Limited’s proposed acquisition of 100% of Aurumin's shares and options. The acquisition involves a Share Scheme offering one new Brightstar share for every four Aurumin shares, and an Option Scheme for new Brightstar options at the same exchange ratio. The implied value of the Share Scheme Consideration is A$0.12 per Aurumin Share based on Brightstar's closing price of A$0.48 on July 21, 2025. This represents a premium of approximately 21% to Aurumin’s closing share price on July 17, 2025, and 20% to its undisturbed share price on June 27, 2025.

The Aurumin Board unanimously recommends voting in favor of the schemes, provided the Independent Expert continues to conclude they are in the best interests of Aurumin securityholders. BDO Corporate Finance Australia Ltd's Independent Expert's Report concludes the schemes are fair and reasonable in the absence of a superior proposal. Scheme Meetings are scheduled for November 14, 2025, in Perth, Western Australia. Aurumin shareholders are expected to hold approximately 18% of the merged group on an undiluted basis.

The schemes are inter-conditional, meaning both the Share Scheme and Option Scheme must be approved to proceed. Aurumin also noted that its Annual Financial Report for the year ended June 30, 2025, was released on September 11, 2025.