Northern Star Resources Ltd · ASX:NST
Northern Star Resources — Shareholder Meeting (November 2005)
25 slides from Northern Star Resources's shareholder meeting presentation, November 2005
Slide 1: Northern Star Resources Ltd AGM Presentation
NORTHERN STAR RESOURCES LTD AGM Presentation November 2005 Growth Through Discovery in the East Kimberley District of Western Western Australia
Slide 2: Contents
Contents • Highlights • Strategy and Overview • Key Project Review • Forward Schedule RC Drilling – Range Prospect Northern Star Resources Ltd
Slide 3: Gold Projects
Gold Projects Hunter HunterProspect Prospect A PROJ ECT GROUPS Wilson River East Kimberley Nickel ♦ Wilson River Group– Halls Creek New Epithermal Province Range RangeProspect Prospect SM ♦ Range Prospect PA 5m @15g/t Au -35g/t Ag ♦ Hunter Prospect PS Rock chip sampling 50.65g/t Au -10.4g/t Ag Argyl
Slide 4: Nickel PGE Projects
Nickel PGE Projects A PROJ ECT GROUPS Wilson River East Kimberley Nickel Halls Creek ♦ Springvale Project SM Electromagnetic (EM) Conductors Springvale PA Springvale ♦ Red Billabong Project Red RedBillabong Billabong PS PGE and Base Metal Mineralisation Argyle Diamond Mine (A) Sally Malay (SM) 3.4Mt
Slide 5: Why The East Kimberley
Why The East Kimberley • Only sporadic previous commitment to exploration. • Under explored • Focus for Ni-Cu-PGE mineralisation • promoted by the enhanced understanding of the regional geology, mineralisation models and by on-going improvements in exploration technology. • layered mafic-ultramafic
Slide 6: Wilson River Project Group
Wilson River Project Group ♦ Confirmation of New Epithermal Province ♦ Tenements covering ~ 900 km 2 of host rocks ♦ 5m@15g/t Au and 35 g/t Ag in first drilling ♦ Further areas / anomalies to follow up Northern Star Resources Ltd
Slide 7: Wilson River Project
Wilson River Project Range Prospect ♦ Up to 40.84 g/t Au & 13.3 g/t Ag from rock chips of quartz veining ♦ Gold anomalous veins within a corridor 2 km x 1 km ♦ High level/epithermal vein quartz textures ♦ No gold mineralisation previously documented in the area Northern Star Resources Ltd
Slide 8: Wilson River Project
Wilson River Project Range Prospect ♦ First pass reconnaissance drilling 20 holes for 1,214m ♦ Outstanding 5m @ 15.08g/t Au and 34.94g/t Ag in drilling ♦ Diamond drilling planned to characterise quartz/mineralisation Northern Star Resources Ltd
Slide 9: Wilson River Project
Wilson River Project Regional Exploration -Systematic Stream Sediment Sampling -Quartz Vein Rock Chip Sampling Northern Star Resources Ltd
Slide 10: Dunham Project
DUNHAM E80/331 PROJECT 7 Tenement Geology ♦ ~80km NE of Range ♦ Same host rocks as at Wilson River Project ♦ Hunter Prospect Northern Star Resources Ltd
Slide 11: Dunham Project
DUNHAM PROJECT HUNTER Prospect Geology ♦ Epithermal Style Quartz Veins - Up to 400m long ♦ 50.65g/t Au -10.4g/t Ag from rock chip sampling ♦ Very Encouraging – Early Days Northern Star Resources Ltd
Slide 12: Classic Epithermal Textures
Classic Epithermal Textures Northern Star Resources Ltd
Slide 13: Porphyry-Epithermal Deposit Model
EAST KIMBERLEY REGION WESTERN AUSTRALIA PORPHYRY - EPITHERMAL DEPOSIT MODEL SINTER SUBLIMATES Hg, Sb, As, S, W A (BARREN GAP) SURFACE ms | aaa Speewah Ag < Au PRECIOUS A EAST METALS KIMBERLEY Range EROSION a Ag/Au~ 10/1 LEVEL A BOILING Alteration LEVEL { Ag/Au * 25/1 Envelope ¥ v Ale AulAg x Dunham
Slide 14: Queensland Epithermal Deposits
Queensland Epithermal Deposits ♦ Bonanza grades in Modified after Ian Butler, Tim Murphy and Jennifer Parks, 2000 shoots ♦ Shoots often not outcropping at surface ♦ Critical to understand geometry of system Sedimentary Holdings2005 Annual Report - Review of Activities Northern Star Resources Ltd
Slide 15: Golden Crown - Drilling
Golden Crown- Drilling • High grade intersected in sub-vertical quartz veins 0.8m @ 521 g/t Au from 23.0m 0.4m @ 47.24 g/t Au from 126.6m 1m @ 19.06 g/t Au from 29.0m. 5m @ 9.80 g/t Au from 34.0m 4m @ 6.41 g/t Au from 26m • Mineralisation defined over 300m at Faugh-a-Ballagh and 200m at Golden Crown
Slide 16: Mineralisation Style Summary
Mineralisation Style Summary Target Styles (After D. Hoatson, 2000 ) Northern Star Resources Ltd
Slide 17: Red Billabong Project
RED BILLABONG PROJECT • Extensive cover - largely unexplored - poorly tested intrusives • Reconnaissance drilling - 6,253m RAB/AC 429m RC • New PGE Mineralisation • Six new prospective areas in north Northern Star Resources Ltd
Slide 18: Red Billabong Project
RED BILLABONG PROJECT • Southern Area • New PGE mineralisation • Base metal 2 km Mineralisation Emull EmullBase BaseMetal MetalSkarn Skarn New NewPlatinum PlatinumMineralisation Mineralisation 21m 21m@@1.88% 1.88%Zn Zn15m 15m@@2.46% 2.46%Zn Zn 16m @ 1.09% Zn 16m @ 1.09% Zn Limited LimitedDrilling Dr
Slide 19: Red Billabong Project
RED BILLABONG PROJECT Northern Area • Moola Bulla Complex 15 x 3 km poorly outcropping intrusive • Six new areas Area 1 20m @ 0.17% Ni Area 2 12m @ 0.1%Zn, 0.12% Pb Area 4 40m @ 0.1% Ni Area 5 30m @ 0.16% Ni Northern Star Resources Ltd
Slide 20: Springvale Project
SPRINGVALE PROJECT WEST ROBIN SOAK • Ultramafic intrusions • Elevated PGEs values in soils – up to 88ppb Pt • Conductors identified in EM survey • Drilling Planned Northern Star Resources Ltd
Slide 21: Springvale Project
SPRING VALE PROJECT WEST ROBIN SOAK EM Section 0 500m Northern Star Resources Ltd
Slide 22: Proposed Work Schedule
Proposed Work Schedule ♦ Drill ready gold and nickel targets Wilson River (Range), Dunham, Red Billabong, Springvale, Cummins Range, Golden Crown (survey work) ♦ Geochemical Sampling Wilson River, Springvale, Toby ♦ Data compilation and target generation Northern Star Resources Ltd
Slide 23: Corporate Structure
Corporate Structure • ASX Code – NST • Listed Shares – 51.4M • Unlisted Options – 18.4M (13.4M @ 25c 17/12/08, 5M @ 20c 17/12/06) • Market Capitalisation @ 13c : $6.7M • Cash -$2.6M (30/09/05) • Major Shareholder - Jubilee (13.2M shares 25.7%) Northern Star Resources Ltd
Slide 24: Summary
Summary ♦ Experienced board with proven record of success ♦ High grade gold targets, new epithermal province ♦ Holdings over under-explored mafic-ultramafic host rocks - New PGE mineralization - EM conductors (Ni) ♦ $2.6 million cash (end of September 2005) ♦ Supported by Jubilee Mines NL Northern S
Slide 25: On the road to success!
On the road to success! Northern Star Resources Ltd
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