Northern Star Resources Ltd · ASX:NST
Northern Star Resources — Gold Forum Americas 2023
16 slides from Northern Star Resources's conference presentation, Sep 19, 2023
Slide 1: Business First - Gold Forum Americas September 2023
For personal use only Business First Gold Forum Americas September 2023
Slide 2: Forward Looking Statements and Disclosures
Forward Looking Statements and For personal use only Forward Looking Statements Northern Star Resources Limited has prepared this announcement based on information available to it. No Disclosures representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or co
Slide 3: Northern Star - a global gold leader
Northern Star _ a global gold leader For personal use only STRENGTH FROM SIMPLICITY 100% GOLD ALASKA Pogo LARGE AUSTRALIA 1.6Moz +6,000 Yandal FY23 GOLD SOLD PEOPLE Kalgoorlie LIQUID ASX 50 A$13B A$68M MARKET INDEX MARKET CAP DAILY TURNOVER* 3 *Source: Bloomberg. Average daily trade value in A$ over
Slide 4: Our framework to generate superior returns
Our framework to _ generate superior returns For personal use only Our Purpose To generate superior returns for our shareholders Generate superior returns while providing positive benefits for our stakeholders through operational effectiveness, exploration and Strong cash flow generation active port
Slide 5: Our commitment to create value - FY23 highlights
Our commitment to _ create value For personal use only FY23 highlights 1,563koz A$ 1,759/oz A$ 1.5B A$ 362M Gold Sold AISC Underlying EBITDA Net Cash 5 Underlying EBITDA is Revenue ($4,131M); less cost of sales excluding D&A ($2,473); less corporate overheads excluding D&A ($125M) plus other income
Slide 6: Our journey to sustainable mining
Our journey to _ sustainable mining For personal use only 1.0 LTIFR Net Zero below industry average ambition for Scope 1 & 2 Safety performance emissions by 2050 Relative to 1 July 2020 baseline (931kt CO2-e) Zero 35% materially adverse incidents targeted reduction in Scope 1 & 2 emissions by 2030 N
Slide 7: Safely delivering our profitable growth plan
Safely delivering _ our profitable growth plan For personal use only 2.00Moz SUSTAINABLE BUSINESS 3–5 PRODUCTION KALGOORLIE 1.1Moz CENTRES 1.75Moz Grade increase at KCGM to 1.8–2.2Moz 1.56Moz 1.60Moz GOLD SOLD YANDAL 600koz 1st Half Realising scale benefits COST CURVE POGO 300koz +20yr Sustainably l
Slide 8: Our profitable growth plan is delivering superior returns
Our profitable growth plan is _ delivering superior returns For personal use only KALGOORLIE YANDAL POGO Cumulative FY22 & FY23 A$ 515M A$ 479M A$ 32M A$ 1.0B Operational Free cash flow Production growth to FY26 target 31% 26% 23% 1.1Moz 600koz 300koz FCF generation OBH cutback, high-margin Economie
Slide 9: Financial flexibility from a strong balance sheet
Financial flexibility from a _ strong balance sheet For personal use only Disciplined approach 40 A$1.44B of Capital Management 1600 since FY12 1,440 maintained throughout 35 1400 the cycle 30 1200 25 1,008 1000 Net cash position 20 757 800 supports organic 15 600 536 strategy 10 400 336 5 249 200 1
Slide 10: Prudent cash deployment to the highest returning project
Prudent cash deployment to the _ highest returning project For personal use only 13Mtpa 27Mtpa Fimiston Processing Plant Post-tax IRR Post-tax Payback Strong Balance Sheet A$2,600/oz gold price A$2,600/oz gold price throughout build phase Net 19% 4.6yrs Cash 10
Slide 11: Capital investment de-risking cost profile
Capital investment _ de-risking cost profile For personal use only 2023 Global Gold Cost Curve KCGM MILL EXPANSION 2,250 2,000 1st 2nd 3rd 4th 900kozpa FY29 Quartile Quartile Quartile Quartile steady state 1,750 KCGM Gold Sold 1,425/oz A$ 1,500 1,250 KCGM AISC AISC (US$/oz) 1,000 3rd Quartile NORTHE
Slide 12: Further organic growth - geology the value driver
Further organic growth _ geology the value driver For personal use only 20.2Moz 57.4Moz Ore Mineral Reserves Resources + 10YR A$ 31/OZ Reserve-backed Cost of resource production profile additions 12
Slide 13: The opportunity at KCGM
The opportunity at KCGM _ optimising long-term feed grade For personal use only 28Moz Mineral Resource 12Moz Ore Reserve 65Moz gold mined over 130 years 13
Slide 14: The opportunity at Yandal
The opportunity at Yandal _ optimising future feed sources For personal use only Jundee: world class asset, history of 9.7Moz replenishment Mineral Resource 3.8Moz Thunderbox: low cost processing plant, benefits Ore Reserve from scale Wonder UG project commences 14Moz FY24, Resource gold mined
Slide 15: The opportunity at Pogo
The opportunity at Pogo _ preparing for the next decade For personal use only High grade Resource +10g/t, 7.3Moz Reserve at Mineral Resource 8.5g/t Lowering costs through 1.6Moz growth and Ore Reserve optimisation In mine and near regional opportunity 4.8Moz gold mined over 17 years 15
Slide 16: Northern Star - a global gold leader
Northern Star _ a global gold leader For personal use only Our Purpose To generate superior returns for our shareholders FY26 2Moz while providing positive benefits for our stakeholders Profitable Growth Strategy through operational effectiveness, exploration and 50% complete active portfolio manage