Northern Star Resources Ltd · ASX:NST
Northern Star Resources — Investor Presentation (August 2024)
18 slides from Northern Star Resources's investor presentation, Aug 5, 2024
Slide 1: Northern Star: delivering on our commitments
Northern Star _ delivering on our commitments August 2024
Slide 2: Forward Looking Statements, Reserves and Resources
Forward Looking Statements, Reserves and Resources Forward Looking Statements Northern Star Resources Ltd 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 correctness of the i
Slide 3: Delivering on our commitments
Northern Star _ delivering on our commitments Delivering free cash flow Production growth Positioning for the future 3
Slide 4: A global gold leader
Northern Star _ a global gold leader 1Commodity 2 Jurisdictions 3 Production Centres 61.3Moz 20.9Moz Mineral Resources Ore Reserves 4
Slide 5: Focused on superior returns
Northern Star _ focused on superior returns FY22 FY23 FY24e YEAR 1 YEAR 2 YEAR 3 5 YEAR Cash Earnings A$1.1B A$1.2B A$1.78-1.82B % change Year on Year +16% +47% PROFITABLE GROWTH Dividends 21.5c 26.5c 32-47c % change Year on Year +23% +49% STRATEGY +47% Buy-back $8.85ps average buy-back price return
Slide 6: Working with our local community
Northern Star _ working with our local community Safety 0.5 LTIFR well below industry average Community $4.1 billion economic value add Workforce 23% female | 76% male KCGM: 35% female | 95% residential 6 See Note 2 on page 2.
Slide 7: Committed to lower carbon emissions
Northern Star _ committed to lower carbon emissions Group targeting 35% lower carbon emissions Jundee renewable journey nearing completion by 2030 Targeting up to 50% reduction by 2030 24MW wind | 16MW solar | 12MW battery Commissioning Complete Complete 7 See Note 3 on page 2.
Slide 8: Yandal Production Centre: margin expansion progressing
Yandal Production Centre _ margin expansion progressing 600kozpa STRONG FREE CASH FLOW Consistent & reliable operations GENERATION Jundee Thunderbox Cook-Griffin extends mine life 6Mtpa Mill Expansion complete Ramone high-grade feed New mines established (Orelia, Wonder) 8
Slide 9: Pogo Production Centre: optimisation efforts delivering
Pogo Production Centre _ optimisation efforts delivering 300kozpa 91koz 279 FY26 target 243 214 delivered 204 238 4Q FY24 77 30 12 FY21 FY22 FY23 FY24 Gold Production (koz) Net Mine Cash Flow (A$M) 9
Slide 10: Kalgoorlie Production Centre: a step-change higher
Kalgoorlie Production Centre _ a step-change higher Carosue Dam Kalgoorlie Operations KCGM Reliable and consistent High-grade South Kal World-class asset production mine growing to top 5 global gold mine New mines Enterprise Kanowna Belle flexible and Qena in the processing facility Open
Slide 11: KCGM: our growth engine digging deeper
KCGM _ our growth engine digging deeper 11
Slide 12: KCGM: gaining strength from scale
KCGM _ gaining strength from scale 2.00Moz 1.8-2.2Moz KALGOORLIE 1.1Moz Scale of which KCGM 650koz KCGM 900koz Increasing grade Mill Expansion High Exploration margin potential YANDAL 600koz Realising full potential Long mine life POGO 300koz Sustaining low-cost FY26 +FY29 12
Slide 13: KCGM: unlocking value for tomorrow
At KCGM _ unlocking value for tomorrow 13Mtpa 27Mtpa Fimiston Processing Plant 900kozpa All critical path enabling works completed FY29steady state KCGM Gold Sold Two accommodation camps fully operational 1,425/oz A$ KCGM AISC Major equipment to be delivered 1H FY25 13
Slide 14: KCGM: a dominant and growing asset
KCGM _ a dominant and growing asset 31.6 26.3 27.3 28.3 Mineral 66% increase Resources 19.0 13.2 Resources since acquisition* 11.6 11.9 12.2 (Moz) 9.7 Reserves (Moz) Ore 36% increase 2020 2021 2022 2023 2024 Reserves since acquisition* Discovery Success $2/oz $17/oz $29/oz $8/oz 14 See Note 4 on pag
Slide 15: KCGM underground: significant scale benefits
KCGM underground _ significant scale benefits 4 years of drilling 3,019 holes 806,077m drilled OPEN PIT UNDERGROUND STOCKPILES 7.9Moz 18.8Moz 2.1Moz 9.6Moz 3.1Moz 15 Ore Reserves Mineral Resources Ore Reserves Mineral Resources Ore Reserves
Slide 16: Regional opportunities: drilling future potential
Regional opportunities _ drilling future potential HERCULES (Recent discovery 2023) Potential open pit and Thick, high-grade underground drill results 16
Slide 17: KCGM: financial discipline always
At KCGM _ financial discipline always Significant organic Significant organic opportunity opportunity Low-cost enables +100km Robust Grade displacement economic trucking distance cost position strategy Regional milling Deliver superior Underground growth optimisation optionality shareholder returns
Slide 18: Our commitment to create value
Northern Star _ our commitment to create value Production growth to 2Moz on track and fully funded Geology drives organic portfolio opportunities Transition to higher free cash www.nsrltd.com flow levels near complete 18
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