BRIGHTSTAR RESOURCES LIMITED — AGM Information 2008

Oct 29, 2008

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AUSTRALIAN STOCK
EXCHANGE CODE AAM
Current Issued Capital: 108,541,861 Ordinary Fully Paid Shares Market Cap at 6 cents $6M Cash at Bank: $3.7M
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30 October 2008

ASX ANNOUNCEMENT

AGM PRESENTATION

Please find attached a presentation to be delivered at the Company’s AGM.

Yours faithfully,

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Mark Pitts Company Secretary

Suite 34, 25 Walters Drive, Osborne Park WA 6017 Telephone (618) 9244 1400 Facsimile (618) 9244 1600 Email info@a1minerals.com.au Website www.a1minerals.com.au

ABN 44 100 727 491

A1 Minerals Ltd ASX:AAM

AIMING TO BE AUSTRALIA’S NEXT NEW GOLD PRODUCER AGM PRESENTATION 30[th] October 2008

Capital Structure

Ordinary Shares on Issue
Issued and quoted at 30th October 2008	108,541,861

Options Issued
Unlisted Options
Expiry date 31 Dec 2009 31 Dec 2010 31 Dec 2009 30 June 2010 31 May 2011	Exercise price 35 c 30 c 30 c 30 c 20c	9,500,000 3,000,000 1,650,000 700,000 5,000,000
		19,850,000
Listed Options
30 Nov 2008	25 c	14,685,345
Total Options on issue at 30 October 2008		34,535,345

Board & Management

• Board & Management

• Mr John Williams ‐ Managing Director

• Mr Michael Hunt ‐ Chairman (Non‐Executive)

• Mr Tim Hronsky ‐ Director (Non‐Executive)

• Mr Mark Pitts ‐ Company Secretary

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• Mr Tony Ryall ‐ Exploration Manager

• International and Laverton gold mining and exploration experience

• Integrated technical and business approach

• Focus on strategic and operational risk management

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EXPLORER
BUSINESS STRATEGY
1.01 MOZ JORC RESOURCE
Focus on high‐grade gold production
Sustaining internal cash‐flow
MULTIPLE WELL DEFINED
Ongoing exploration & acquisition
‐
HIGH GRADE ZONES
“Company‐making” discovery (+50T Au)
“BULK SAMPLING”
THROUGH 300KTPA CIP PLANT
MINER DEVELOPER
CASH FLOW
REAL MINING COSTS AND ADDITIONAL EXPOLRATION
MINING AND METAL RECOVERIES AND WORKING CAPITAL
“
COMPANY MAKER”
$$$MINE FEASIBILTY & DEPOSIT VALUATION
DISCOVERY
$$$SALE
DEFINITIVE
DATA
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BUSINESS STRATEGY

• Focus on high‐grade gold production

• Sustaining internal cash‐flow

• • Ongoing exploration & acquisition

• • “Company‐making” discovery (+50T Au)

This Year’s Fundamentals

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GOLD

• Prudent acquisition of gold plant capable of up to 500ktpa

• New Significant and strategic Discovery at Delta

• Moving quickly into production

• Strong cash ($3.6M)

• Highest ever Aussie dollar gold price!

OTHER

• Significant Lignite (Coal) discovery

Delta – Our Latest Discovery

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Delta
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• A1’s exploration is working well

• Substantial mineralisation with obvious open pit potential

• High expectations of additional ore and other new discoveries

• Strategically ideal location for central processing facility to be established

DELTA GOLD SYSTEM:

15m @ 31.6g/t 21m @ 4.0g/t 15m @ 4.4g/t NEW DELTA DISCOVERY • HAS ROBUST WIDTHS AND HIGH GRADES

2m @ 25.5g/t 12m @ 3.7g/t

5 metres @ 10.1 g/t 15 metres @ 31.6g/t

5m @ 2.9g/t 2m @ 4.0 g/t

18 metres @ 3.3g/t

5m @ 3.6g/t 10 metres @ 2.6g/t 18 metres @ 3.3 g/t 3m @ 2.7g/t 5m @ 2.4 g/t 15 metres @ 4.4 g/t 11m @ 5.9g/t 10 metres @ 4.2 g/t

13m @ 2.5g/t

4m @ 4.8g/t 7m @ 3.4g/t

• DELTA IS DEEP

‐ CTD 1 ‐ 52 m @ 2.5 g/t Au from 164 m (incl. 2 m @ 31.9 g/t Au and 2 m @15.3 g/t Au) ‐ CTD 2 ‐ 95 m @ 0.5 g/t Au from 355 m (incl. 2 m @ 6.9 g/t Au)

7m @ 3.7g/t

• DELTA IS 3.2KM LONG

Gold Production Route

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• Obtain Mining approvals

• Refurbish and Construct Plant

• Mine near surface high grade gold zones

• Utilise existing mining infrastructure

• Targeted production of 30,000ozpa

COAL DISCOVERY

• •9 metre thick and 14 metre thick intercepts of lignite in holes 1.2km apart

• •Further new tenements areas being acquired

•Considering progress options including joint venture opportunities

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NEXT STEPS

• Complete permitting & approvals process

• New resource block model, pit optimisations and pit designs for Delta

• Refurbish & reconstruct CIP plant

• Commence mining operations (ore stockpile)

• Commission CIP plant

• 30,000oz pa production target

For further information Contact: John Williams A1 MINERALS LIMITED

34, 25 Walters Drive, Osborne Park WA 6017 Telephone (61 8) 9244 1400 Facsimile (6 18) 9244 1600 Email info@a1minerals.com.au Website www.a1minerals.com.au

ABN 44 100 727 491

Competent Person Statement

The information in this report that relates to mineral exploration is based on information compiled by Mr John Williams who is a member of the Australasian Institute of Mining and Metallurgy. Mr. Williams is an employee of A1 Minerals Limited. Mr. Williams has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person (JORC Code). Mr. Williams consents to the inclusion in the report of the exploration results based on the information in the form and context in which it appears.

Disclaimer

This presentation contains certain forward‐looking information and forecasts which include without limitation, expectations regarding future performance, costs, production levels or rates, reserves and resources, the financial position of A1 Minerals Limited, industry growth or other trend projections. Such forecasts and information are not a guarantee of the Company’s future performance and include unknown risks and uncertainties in addition to other factors that are beyond A1 Minerals Limited’s control.

Accordingly, the actual results and developments may differ from those expressed or implied by these forward looking statements due to a variety of factors. Nothing in this presentation should be construed as