Northern Star Resources Ltd · ASX:NST
Northern Star Resources — Shareholder Meeting (November 2020)
23 slides from Northern Star Resources's shareholder meeting presentation, Nov 25, 2020
Slide 1: An Australian Gold Miner, For Global Investors
For personal use only An Australian Gold Miner, For Global Investors AGM Presentation - Nov 2020 Bill Beament, Executive Chair Stuart Tonkin, CEO
Slide 2: Forward Looking Statement and Disclaimer
Forward Looking Statement and Disclaimer Forward Looking Statements For personal use only Northern Star Resources Limited has prepared this announcement based on information available to it. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or corr
Slide 3: Reserves and Resources - ASX Listing Rules Disclosures
Reserves and Resources ASX Listing Rules Disclosures For personal use only This announcement contains estimates of Northern Star's and Saracen's respective ore reserves and mineral resources, as well as estimates of Kalgoorlie Consolidated Gold Mines Pty Ltd's (KCGM) ore reserves and mineral resourc
Slide 4: Integrated Sustainability - Core business alignment
Integrated Sustainability - Core business alignment Our Sustainability Vision For personal use only “Delivering responsible environmental and social business practice that lead to both the creation of strong economic returns for our Shareholders, and shared value for our Stakeholders.” Our Sustainab
Slide 5: NST Business: Tier-1 Assets in Tier-1 Locations
NST Business: Tier-1 Assets in Tier-1 Locations ▪ ASX listed; Top 15 Global Gold Producer For personal use only ▪ NST manages a simplified business; with 4 large US scale Tier-1 assets in Tier-1 locations; world Pogo Operations (100%) (Alaska) class geology +11Moz Gold Camp ▪ FY21 Group production g
Slide 6: Consistent Resource and Reserve Growth
Consistent Resource and Reserve Growth ▪ Through value accretive organic and inorganic growth NST has been For personal use only able to significantly grow Resource and Reserve life on a per share basis for its Shareholders 10.8 Mozs 35 12,000 31.8 Mozs ▪ FY20 Group Mineral Resources increased 67% (
Slide 7: Dividends; increasing returns to Shareholders
Dividends; increasing returns to Shareholders ▪ FY20 final dividend up 27% to A9.5cps fully franked For personal use only (A$70M) 536 ▪ Special dividend of a further A10.0cps fully franked (A$74M) Cumulative dividends (A$M) cents per share (cps) ▪ FY20 payout up 100% to A27.0cps full franked ▪ Divid
Slide 8: NST/SAR Merger: the new go-to name in gold
NST/SAR Merger: the new go-to name in gold 30 ▪ NST 29 and Saracen Mineral Holdings announced a proposed Merger-of-Equals1 on 6 October 2020 For personal use only ▪ MergeCo creates a new, high-quality large-cap alternative in the Australian market ▪ The 28 only large cap with 100% production exposur
Slide 9: Creating a platform for growth and superior returns
Creating a platform for growth and superior returns Targeting production of 2Mozpa from three Tier-1 production centres by FY271 For personal use only 1. Refer to page 3 of this presentation in relation to Ore Reserve and Mineral Resource estimates, and production targets, for Northern Star and Sara
Slide 10: Three large scale production centres
Three large scale production centres1 ▪ Simplified business, consolidation of world-class gold systems For personal use only Kalgoorlie Operations Yandal Operations North American Operations Reserves: 287Mt @ 1.4gpt for 13.3Moz Reserves: 66Mt @ 2.2gpt for 4.6Moz Reserves: 5.9Mt @ 8.0gpt for 1.5Moz R
Slide 11: Operations
For personal use only Operations
Slide 12: FY21 Guidance
FY21 Guidance FY21 Guidance Production (koz) AISC (A$/oz) Growth Capex (A$M) For personal use only Yandal Operations 270 - 300 1,200 - 1,275 37 Kalgoorlie Operations 270 - 300 1,650 - 1,750 12 KCGM (50%) 220 - 240 1,470 - 1,570 99 Australian Operations 760 - 840 1,440 - 1,540 148 Pogo Operations (US
Slide 13: Pogo: Growing to 300kozpa
Pogo: Growing to 300kozpa Pogo’s five Underground mining Zones ▪ FY21 guidance 180,000oz to 220,000oz For personal use only at AISC of US$1,200-US$1,400/oz FUN ZONE NORTH ZONE ▪ Growing to 300kozpa by FY23 through an - 6% of feed FY21 - 9% of feed FY21 expanded 1.3Mtpa processing plant - Resource 0.
Slide 14: Capital and efficiency improvements planned in FY21
Capital and efficiency improvements planned in FY21 ▪ Numerous operational and infrastructure improvements to be completed For personal use only in FY21 to increase mining volumes ▪ US$35M of growth capital has been committed, with US$30M attributed to improving processing & support infrastructure t
Slide 15: Yandal Operation - Jundee Baseload
Yandal Operation - Jundee Baseload ▪ FY21 guidance 270,000-300,000oz at an AISC of For personal use only A$1,200-A$1,275/oz ▪ Jundee is a productive and low-cost operation, with FY20 gold production of 300koz at an AISC of Jundee Mine and A$1,095/oz Processing Facility ▪ Jundee consists of a 2.2Mtpa
Slide 16: Yandal - Incorporating Bronzewing region
Yandal - Incorporating Bronzewing region Incorporation of Bronzewing/Orelia into the near-term Yandal For personal use only plan to take Yandal production to +400kozpa by FY23 ▪ Near term production growth from addition of open pit opportunities within expanded Yandal Operations area acquired throug
Slide 17: Kalgoorlie - concentrated centre, great infrastructure
Kalgoorlie - concentrated centre, great infrastructure and significant leverage to the gold price For personal use only Kalgoorlie to 300kozpa ▪ FY21 guidance of 270,000-300,000oz at AISC of A$1,650-A$1,750/oz ▪ FY20 production of 317koz at AISC A$1,564/oz ▪ Currently processing capacity of 3.2Mtpa
Slide 18: KCGM Highlights
KCGM Highlights ▪ Strong platform set for growth, with 15-year mine life visibility based on Reserves, with For personal use only production set to ramp up to +675koz per annum by FY28 ORE RESERVES AND MINERAL RESOURCES AT 30 JUNE 2020 ▪ Successful transition to new JV ownership Ore Reserves 240Mt @
Slide 19: KCGM Fimiston Super Pit
KCGM Fimiston Super Pit ▪ Long-life robust mine plan that delivers beyond FY2034 For personal use only based on current Ore Reserves of 9.7Moz (100%) ▪ Revised mine plan developed by the new JV partners in just 6 months of ownership ▪ The Oroya-Brown Hill Cutback (OBH) on the Eastern margin of the p
Slide 20: Fimiston Open Pit Growth Potential
Fimiston Open Pit Growth Potential ▪ Historical drilling and drilling completed since NST/SAR ownership demonstrates significant For personal use only upside potential both within and outside of the current Resource optimisation FIMISTON CROSS SECTION A-B 47,800mN A B ABOVE: Plan view of Fimiston cu
Slide 21: Fimiston Underground
Fimiston Underground ▪ Deep drilling beneath the June 2020 open pit Resource demonstrates the continuity of Fimiston mineralisation at depth For personal use only FIMISTON LONG SECTION FIMISTON CROSS SECTION 47,500mN 47,500mN ABOVE: Long projection of the Fimiston deposit showing extent of drill tes
Slide 22: Mt Charlotte Underground
Mt Charlotte Underground ▪ More than 5.5Moz has been produced from Mt Charlotte to July 2020. Additional drilling and review of historical data has resulted in JORC (2012) Compliant Reserves of 510koz at 2.1gpt and For personal use only Mineral Resources of 1.9Moz at 2.1gpt Location of Mt Charlotte
Slide 23: Northern Star Resources Limited
For personal use only Northern Star Resources Limited ASX Code: NST An Australian gold miner – for global investors Investor Enquiries: Rebecca Ciotti Level 1, 388 Hay Street, Subiaco 6008 Western Australia T: +61 8 6188 2100 E: info@nsrltd.com W: www.nsrltd.com Inventum 3D Page Links click here 23
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