Brightstar completes Aurumin acquisition, director Ashley Fraser resigns

Brightstar Resources Limited today announced the successful implementation of its schemes of arrangement to merge with Aurumin Limited. As of December 2, 2025, Brightstar has acquired 100% of Aurumin's shares, with all Aurumin options canceled and exchanged for new Brightstar options. Under the Share Scheme, eligible Aurumin shareholders received one new Brightstar Share for every four Aurumin Shares, while Option Scheme participants received one new Brightstar Option for every four Aurumin Options, both based on the November 25, 2025 record date.

Concurrently with the merger's implementation, Aurumin's directors and company secretary resigned. Alexander Rovira, Andrew Rich, Jonathan Downes, Richard Crookes, Ashley Fraser, and Benjamin Smith were appointed as directors and company secretary of Aurumin and its subsidiaries. An application has been made to delist Aurumin from the ASX, expected by December 3, 2025.

In a separate announcement, Brightstar also reported the resignation of Mr. Ashley Fraser as a non-executive director, effective 5pm AWST, December 2, 2025. Mr. Fraser had served since June 3, 2024, following the Linden Gold Alliance Limited acquisition.