Northern Star Resources Ltd · ASX:NST
Northern Star Resources — Technical Presentation (August 2019)
40 slides from Northern Star Resources's technical presentation, Aug 6, 2019
Slide 1: Kalgoorlie Operations - Welcome to Kundana
For personal use only Kalgoorlie Operations Welcome to Kundana
Slide 2: Resources & Reserves and Forward Looking Statements
Resources & Reserves and Forward Looking Statements For personal use only Mineral Resources and Ore Reserves The Mineral Resources and Ore Reserves information, and exploration results reported in accordance with the 2012 edition of the Joint Ore Reserves Committee’s Australasian Code for Reporting
Slide 3: Northern Star Kalgoorlie Operations
Northern Star Kalgoorlie Operations ▪ FY2020 continues organic production For personal use only growth profile with guidance of 340,000oz ACRA – 380,000oz at AISC of A$1,260-A$1,370/oz ▪ 5 Operating UG Mines ▪ Kanowna Belle ▪ Millennium Paradigm ▪ HBJ ▪ Raleigh (51% NST) Rubicon-Hornet-Pegasus (RHP)
Slide 4: Diggers & Dealers Site Visit - Agenda
Diggers & Dealers Site Visit - Agenda ▪ For personal use only Purpose of the visit is to give exposure and insight in to the workings of NST ▪ NST business model is a point of difference compared to its peers ▪ The use of an “internal contractor”, NSMS, and Technical Teams delivering robust geology
Slide 5: Underground Locations
Underground Locations For personal use only 5
Slide 6: Kundana Mining Overview
For personal use only Kalgoorlie Operations Kundana Mining Overview
Slide 7: Kundana Region - 100% NST & EKJV (51% NST)
Kundana Region - 100% NST & EKJV (51% NST) For personal use only Arctic / North Pit Millennium Centenary Strzelecki Pope John Xmas/Moonbeam Raleigh Raleigh South Pegasus/Pode Rubicon Hornet 8km 100% NST / 51% NST The Kundana mining area has been in operation for The current operational mines include
Slide 8: Kundana (100% NST)
Kundana (100% NST) ▪ Kundana region continues to grow For personal use only production and offers operational flexibility ▪ Reserves of 0.6Moz and Resources of 1.4Moz ▪ Orebodies remain open at depth as well as along strike ▪ In FY2020, Moonbeam underground will be established as production centre,
Slide 9: Narrow Vein Orebodies
Narrow Vein Orebodies K2 Lode – Millennium, Pope John, Moonbeam Strzelecki Lode – Strzelecki, Xmas For personal use only 9
Slide 10: Development Cycle - Optimising Geological Control
Development Cycle - Optimising Geological Control 3D Photogrammetry Face Sampling For personal use only Completed for all critical headings to Completed for all ore headings, or where optimise geological control and integrity potential mineralisation is identified Sirovision a 3D image that the geol
Slide 11: Mining Method - Longhole Open Stoping
Mining Method - Longhole Open Stoping For personal use only 11
Slide 12: Structure - Set up for Success
Structure - Set up for Success For personal use only Our Underground Mining Services Division (NSMS) is implemented and operating at Kundana Best of both worlds ▪ Geology, mine design & scheduling structured to allow for operational success ▪ Contractor-style productivity focus – get the most out of
Slide 13: Structure - Delivering Superior Productivities
Structure - Delivering Superior Productivities For personal use only Industry leading mining productivities delivered from “In House” Mining contractor model Jumbo development achieving 500m/jumbo/month; 67% above industry average of 300m/jumbo/month Production drilling achieving 10,000m/drill/month
Slide 14: Maximising Quality of Ore - Split Firing
Maximising Quality of Ore - Split Firing For personal use only Increases quality of ore by removing waste material from development heading as part of the mining cycle SF2 SF1 No impact to advance rates; Kundana achieving and maintaining industry leading physicals ORE Direct savings realised by not
Slide 15: Maximising Quality of Ore - Reducing Stope Dilution
Maximising Quality of Ore - Reducing Stope Dilution Reduction in mining dilution through For personal use only ▪ More efficient drill design (zipper vs dice-5), optimised blasting design ▪ Drilling Accuracy (Minnovare Azi-Aligner) ▪ Better support of hanging wall, improved hanging wall protection Im
Slide 16: NST Operational Capability Delivers Superior Returns
NST Operational Capability Delivers Superior Returns Moonbeam established as an additional production centre in FY2020 For personal use only Development and production profile with NST performance Comparable development and production profile at 500m per month per Jumbo at 300m per month per Jumbo D
Slide 17: Kundana Geology Overview
For personal use only Kalgoorlie Operations Kundana Geology Overview
Slide 18: Kundana Regional Overview
Kundana Regional Overview ▪ The Kundana mining complex was officially opened 10 December 1988 For personal use only ▪ Northern Star has drilled over 150,000m (underground and surface) FY2019 across Kundana and EKJV ▪ Focus areas are the Falcon, Pode, Hera, K2 and all HW lodes associated with gold mi
Slide 19: Kundana - Narrow Vein Main Lodes
Kundana - Narrow Vein Main Lodes For personal use only Strzelecki K2 K2 19
Slide 20: Kundana - Hanging Wall Lodes
Kundana - Hanging Wall Lodes For personal use only Hera Pode 20
Slide 21: Kundana - EKJV Overview (NST 51%)
Kundana - EKJV Overview (NST 51%) For personal use only Kundana EKJV NST 100% NST 51% KURRAWANG STARTREK PEGASUS RUBICON HORNET Tenement Boundary EVN Reserve Resource N N Prospect 1000M 21
Slide 22: EKJV - RHP Drilling Snapshot
EKJV - RHP Drilling Snapshot For personal use only PEGGC18304 0.8 m @ 38 g/t PEGASUS RUBICON HORNET N PEGRSD18152 0.3 m @ 73 g/t RUBGC18077 1.7 m @ 11 g/t PEGRT18220 0.4 m @ 29 g/t PEGRT18221 0.3 m @ 46 g/t RUBGC18065 3.3 m @ 7 g/t PEGRSD18151 3.3 m @ 7 g/t PEGRT18224 PEGRT18162 0.6 m @ 29.0 g/t 1.5
Slide 23: Pode - A Growing Success Story
Pode - A Growing Success Story PEGGC18325 2.6 m @ 13 g/t PODE For personal use only N PEGGC18319 1.9 m @ 35 g/t PEGRT18387 3.2 m @ 6 g/t 23 250m 50M
Slide 24: Falcon - Maiden Resource Is Just The Beginning
Falcon - Maiden Resource Is Just The Beginning For personal use only ▪ Just over 34,000m of Falcon exploration drilling in FY2019 ▪ Forecast A$2.8M (NST share) FY2020 Budget ▪ Major focus to bring Falcon trend to Feasibility status 24
Slide 25: Raleigh - Open to the South
Raleigh - Open to the South RALEIGH RALEIGH STH SADLER SIR WALTER For personal use only PROSPECT RALRT18301 0.7 m @ 20 g/t RDDD18003 0.8 m @ 57 g/t RALRT18302 0.2 m @ 36 g/t RALRT18305 0.7 m @ 23 g/t RALRSD180680 0.7 m @ 136 g/t 25 N 500m
Slide 26: Overview Kundana (NST 100%)
Overview Kundana (NST 100%) For personal use only Tenement Boundary Reserve Resource KUNDANA EKJV Prospect NST NST 100% 51% 26
Slide 27: Millennium/Pope John - Continuing Current Production
Millennium/Pope John - Continuing Current Production For personal use only MILLGC18130 4.35m @ 9.2g/t MILLGC18135 5.8m @ 12.2g/t PJRSD18051 1.8m @ 16.2g/t MILLRSD18045 1.31m @ 11.1g/t 27
Slide 28: Moonbeam - Next Production Centre
Moonbeam - Next Production Centre For personal use only ▪ Moonbeam will be accessed from the existing drill drive extending from Pope John and includes the Xmas trend on the Strzelecki lode ▪ To date all UG Moonbeam and Xmas drilling has been conducted from this location N ▪ In FY2019, 10,000m of UG
Slide 29: Looking Forward - Xmas, Strzelecki & Moonbeam Extensions
Looking Forward - Xmas, Strzelecki & Moonbeam Extensions For personal use only 500m N CHDD18013 0.81m @ 42.4g/t MBDD18008 1.1m @ 69.0g/t CHDD18004 0.4m @ 146g/t FY1920 Growth Areas CHDD18003 0.3m @ 177g/t CHDD18020 0.32m @ 34.2g/t CHDD18021 1.79m @ 17.0g/t 29
Slide 30: Looking Forward - Potential Outside Main Structures
Looking Forward - Potential Outside Main Structures For personal use only ▪ There has not been a significant amount of exploration outside of the Strzelecki and K2 Structures on the 100% ground ▪ West of the Strzelecki structure we have seen evidence of HW mineralisation ▪ Geological learnings from
Slide 31: Geology - Regional
For personal use only Geology Regional
Slide 32: FY2019 Exploration Spend
FY2019 Exploration Spend For personal use only SUMMARY ▪ Group FY2019 exploration expenditure totalled A$66.3M ▪ A$60M Group Exploration budget reallocated and accelerated post Pogo acquisition 32
Slide 33: A$76M Global Investment in Future Growth
A$76M Global Investment in Future Growth ▪ A$76M exploration and drilling commitment for FY2020 is a record commitment For personal use only ▪ Pogo will continue to be a major focus with outstanding in-mine and near mine opportunities ▪ Strong commitment to Jundee growth with major investment in-min
Slide 34: Kanowna Belle
Kanowna Belle KANOWNA BELLE UNDERGOUND TARGET AREAS For personal use only Forecast A$10.5M spend In-Mine A Block ▪ Focus on higher grade A-D Block (Troy, Hilder, Sims) HW (Troy-Sims) resource conversion B Block (East) ▪ Expand Velvet HW, Velvet Gap C Block (Sims) (Reed) ▪ Test for eastern extensions
Slide 35: Kundana (100% NST) - Moonbeam Development
Kundana (100% NST) Moonbeam Development For personal use only ▪ A$2.5M forecast for incremental extension targets ▪ Pope John, Xmas, Moonbeam systems at depth ▪ Extending Strzelecki trend south KUNDANA UNDERGROUND TARGETS STRZELECKI POPE JOHN XMAS MOONBEAM Pope John Lucifer Fault Fault. 35
Slide 36: EKJV (NST 51%) - Falcon is the Focus
EKJV (NST 51%) Falcon is the Focus For personal use only FALCON DISCOVERY ▪ Forecast A$2.8M (NST share) budget ▪ Major focus to bring Falcon trend to feasibility status ▪ K2 HW extensions northward from Pegasus ▪ Extensional drilling into RHP hanging wall positions (Hera) EKJV MINE TARGETS N Drake P
Slide 37: South Kalgoorlie
South Kalgoorlie In-Mine For personal use only ▪ Forecast A$2.2M spend on HBJ extensions, early success evident from NOZ extensions to extend mine life HBJ UNDERGROUND MINE LONG SECTION NOZ Extensions SOZ Extensions Jubilee Extensions 37
Slide 38: SKO - Exploring in the heart of the Goldfields
SKO - Exploring in the heart of the Goldfields For personal use only Loc ▪ Over 1,000km2 of 41 exploration and freehold tenure ▪ Extensive production history ▪ Contains strike continuation of Boulder-Lefroy fault system – key to the Golden Mile Boorara HBJ ▪ Plus all the major structural corridors o
Slide 39: Current Exploration Activity - Carbine & Carnage
Current Exploration Activity - Carbine & Carnage Carbine Trend For personal use only Targeted drilling outlining parallel trends in an emerging camp Thunderstruck Regional drilling of the Kundana eqivalent stratigraphy proximal to the Zuleika Shear Zone Carnage Carbine Kundana 39
Slide 40: Northern Star Resources Limited
For personal use only Northern Star Resources Limited ASX Code: NST An Australian mid cap gold miner – for global investors Investor Enquiries: Luke Gleeson, Investor Relations Level 1, 388 Hay Street, Subiaco 6008 Western Australia T: +61 8 6188 2100 E: info@nsrltd.com W: www.nsrltd.com Inventum 3D
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