Northern Star Resources Ltd · ASX:NST
Northern Star Resources — Shareholder Meeting (November 2013)
18 slides from Northern Star Resources's shareholder meeting presentation, Nov 20, 2013
Slide 1: 2013 Annual General Meeting Presentation
For personal use only Proving that low costs pay dividends 12,178gpt intersection at Paulsens 2013 ANNUAL GENERAL MEETING PRESENTATION
Slide 2: Disclaimer: Competent Persons Statements
Disclaimer Competent Persons Statements • The information in this announcement that relates to Paulsens and Ashburton mineral resource estimations, exploration results, data quality, geological interpretations, potential for eventual For personal use only economic extraction and estimates of explora
Slide 3: Team with a track record
Team with a track record Shares Options Board - Successful record in discovering and developing mines For personal use only Total 424M 5M BILL BEAMENT Managing Director (Mining Engineer) * As at 19th November 2013 Non Executive Chairman – Independent CHRIS ROWE (Barrister and Solicitor) Share price:
Slide 4: Northern Star: an abridged history
Northern Star: an abridged history For personal use only • Acquired Paulsens Gold Mine in Western Australia for A$40M in July 2010, repaid full acquisition within 7 months • Expanded production rate to 100,000oz/pa • Greatly extended the mine life to +5 years • Purchased Ashburton Project and FMG JV
Slide 5: Company: FY2013 Financial Performance
Company: FY2013 Financial Performance • Increased Company net profit after-tax by 30% to A$28.3M For personal use only • Non-cash “write downs” of $10M on exploration and investments • EBITDA up 29% to $63.8M and earnings per share up 29% to 6.6¢ • Cash cost down 5% to $680/oz, all-in sustaining cos
Slide 6: Paulsens – Performance, Productivity Drive and Cost Cutting
Paulsens – Performance, Productivity Drive and Cost Cutting PRODUCTION GROWN For personal use only • Record FY2013 performance, 104koz mined, 93koz sold and 89koz recovered • Increased productivity by 100% in ore tonnes, now consistently mining at 500,000 tonnes per annum • De-risked the mine with c
Slide 7: Voyager & 2: The Paulsens Engine Room
Voyager 1 & 2: The Paulsens Engine Room For personal use only • Voyager 1 is the flagship lode at Paulsens, runs at a rich 1,250–2,000 ounces per vertical metre • Currently mining 600m below surface. Mineralisation drilled to 950m and remains open at depth • Voyager 2 was discovered by NST in late 2
Slide 8: Upper Levels: one man's waste is another's treasure
Upper Levels: one man’s waste is another's treasure For personal use only • Large part of upper mineralised structure not mined by previous owners due to hedging and other factors • Resource stands at 92koz1 @ 10gpt • Upper Levels expected to contribute 10,000-15,000ozpa of high-grade low cost produ
Slide 9: Ashburton – a 100,000ozpa stand-alone operation
Ashburton – a 100,000ozpa stand-alone operation • Project has been deferred, however strategy For personal use only changed to free-milling oxide project early 2013 • Ashburton Project located within trucking distance of Paulsens • Acquired in June 2011 for zero cash payment; royalty payable on prod
Slide 10: Exploration: writing the next chapter for Northern Star
Exploration: writing the next chapter for Northern Star For personal use only • Very little exploration done within 50km radius of the 1Moz Paulsens deposit • Recently expanded our tenement package to 8,500km2 with FMG JV deal on all non-iron ore rights across the Ashburton region • Now hold vast tr
Slide 11: Exploration: The Titan Discovery
Exploration: The Titan Discovery • High-grade Titan discovery made just 100m For personal use only from Paulsens mine infrastructure • Discovery hole returned 6.9m at 24.7gpt • Titan runs parallel and immediately adjacent to the producing Voyager 1 and 2 lodes • Discovery has strong potential to be
Slide 12: Exploration: the gold may be as green on the other side of the fence
Exploration: the gold may be as green on the other side of the fence For personal use only • Paulsens is bounded by a Gabbro unit, traditionally seen as a ‘fence’ around the orebody • Drilling aimed at testing the theory that the mineralisation is deposited on the other side of Gabbro and itself min
Slide 13: Exploration: Paulsens Mine Corridor
Exploration: Paulsens Mine Corridor For personal use only • Great potential on the highly prospective “Paulsens Mine Corridor” part of the Nanjilgardy Fault, 25-40km long corridor along the axis of Wyloo Dome • All known orebodies and mineralisation, including the Paulsens Gold Mine lie inside this
Slide 14: Exploration: Kazput Coal Discovery
Exploration: Kazput Coal Discovery • Significant coal discovery just 60km from For personal use only Paraburdoo and 100km from Paulsens Gold Mine • Initial Exploration Target of 340-615M tonnes3 with thick thermal coal intersections of up to 65m along a 7km strike • Initial analysis shows the coal w
Slide 15: FY2014: Production and Cashflow Guidance
FY2014: Production and Cashflow Guidance • Key FY2014 forecasts @ Gold Price A$1,450/oz: For personal use only • Total production of 100-115koz • Cash Costs C1 of A$610-690/oz (inclusive of all royalties) • All-in sustaining costs of A$900-1,050/oz (inclusive of all royalties) • Capital expenditure
Slide 16: Key reasons to invest in Northern Star
Key reasons to invest in Northern Star • Extremely strong cash generation from high-grade and high-margin ounces For personal use only • Expect FY14 all-in sustaining cost to be ~$1,000/oz • Growing production to underpin surplus cash growth • Sufficient resources to secure +5 year mine life, with f
Slide 17: Contact Details
For personal use only Proving that low costs pay dividends 12,178gpt intersection at Paulsens • Contact Details: • Bill Beament – Managing Director +61 8 6188 2100 • Email – info@nsrltd.com • Website – www.nsrltd.com
Slide 18: Appendix: Gold Mineral Resources and Reserves
Appendix GOLD MINERAL RESOURCES 1 GOLD MINERAL RESERVES1 For personal use only As at 30 June 2013 MEASURED (M) INDICATED (I) INFERRED (Inf) TOTAL (MI&Inf) Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Cut Off As at 31 December 2012 PROVED PROBABLE PROVED and PROBABL
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