Northern Star Resources Ltd · ASX:NST

Northern Star Resources — Diggers & Dealers Mining Forum 2021

20 slides from Northern Star Resources's conference presentation, Aug 3, 2021

  1. Slide 1: Business First - Diggers & Dealers Mining Forum August 2021

    For personal use only Business First Diggers & Dealers Mining Forum August 2021

  2. Slide 2: Forward Looking Statements, Reserves and Resources

    Forward Looking Statements, Reserves and Resources 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, completene

  3. Slide 3: Indigenous Peoples Statement

    Indigenous Peoples Statement Northern Star would like to acknowledge and pay our respects to Traditional Owner For personal use only groups whose land we are privileged to work on, and whose input and guidance we seek and value within the operation of our business. We acknowledge their strong and sp

  4. Slide 4: Business First - Value Creating Formula

    Business First - Value Creating Formula For personal use only RESPONSIBLE PROFITABLE LOWER LONG MINE PREMIUM EESG GROWTH COSTS LIFE VALUATION SUPERIOR SUSTAINABLE SUSTAINABLE SUSTAINABLE SUSTAINABLE SHAREHOLDER NST ~2Mozpa 1st HALF COSTS +20 YEARS RETURNS Independent 3-5 Tier-1 production Growth in

  5. Slide 5: Responsible EESG

    Responsible EESG Michael Chaney AO - Independent Net Zero ambition for Scope 1-3 GHG Emissions by 2050 For personal use only  Non-Executive Chair, commenced 1 July 2021 2021 2030 Existing technology 2040 Innovation Indicative Scope 1-3  Stuart Tonkin - Managing Director pathway (t CO2-e) Kalgoorli

  6. Slide 6: A simple business - Three large-scale production centres

    A simple business - Three large-scale production centres Kalgoorlie to 1.1Mozpa Yandal to 600kozpa Pogo to 300kozpa For personal use only Reserves: 314Mt @ 1.5g/t for 15.0Moz Reserves: 67Mt @ 2.1g/t for 4.5Moz Reserves: 5.9Mt @ 8.0g/t for 1.5Moz Resources: 666Mt @ 1.8g/t for 37.6Moz Resources: 141Mt

  7. Slide 7: Profitable growth generates strong cashflows

    Profitable growth generates strong cashflows Group production outlook Profitable production growth to 2Mozpa For personal use only Moz A$/oz  Kalgoorlie to 1.1Mozpa 2.0 1,600  Yandal to 600kozpa 1.5 1,200  Pogo to 300kozpa …where it counts most: 1.0 800  KCGM increasing to 650koz in FY26; 700koz

  8. Slide 8: FY22 guidance

    FY22 guidance 1.55-1.65Moz at AISC of A$1,475-1,575/oz; A$570M growth capital For personal use only Gold production AISC Growth capital Exploration (koz) (A$/oz) (A$M) (A$M) Kalgoorlie 900-950 1,500-1,600 230 Yandal 430-450 1,375-1,475 270 1,700-1,800 70 Pogo 220-250 (US$1,275-1,350/oz) (~US$55M) Gr

  9. Slide 9: Geological endowment - A major value driver

    Geological endowment - A major value driver Consolidation of world-class gold systems, exclusively in Tier-1 jurisdictions For personal use only Kalgoorlie Operations Yandal Operations Pogo Operations 160 127 years 30 years 14 years 10.0 production production production 140 9.0 8.0 120 7.0 Reserve g

  10. Slide 10: Kalgoorlie Production Centre - Enviable optionality

    Kalgoorlie Production Centre Enviable optionality For personal use only  Simplify the business, divert capital to grow Kalgoorlie production outlook the high margin assets, where it counts koz A$/oz 1,200 2,000  Reduce costs with regional synergies 1,000  Enviable optionality: 1,600  Open pit an

  11. Slide 11: KCGM - Open pits get better every day

    Kalgoorlie Production Centre KCGM - Open pits get better every day For personal use only  All open pit mining - 17 years from 4 areas: Super Pit cutbacks Reserve Stockpiles  7.8Moz Reserves targeting conversion of 2.0Moz Inferred Resource within Reserve shell  Strip ratio 10:1 (falls to 7.2:1 inc

  12. Slide 12: KCGM - Fimiston underground; A brand new chapter

    Kalgoorlie Production Centre KCGM - Fimiston underground; A brand new chapter For personal use only  KCGM offers world class scale: Fimiston North West drill platform • Endowment 45,000 ounces per vertical metre • Large underground potential - Underground Resource 50Mt @ 2.5 g/t for 4.0Moz just the

  13. Slide 13: KCGM - Processing optionality

    Kalgoorlie Production Centre KCGM - Processing optionality For personal use only  As mining increases, the Reserve stockpile value KCGM processing studies becomes increasingly stranded Current Option 1 Option 2  Evaluating mill expansion options 2 x SAG 2 x SAG 2 x SAG Number of mills  NOT in cur

  14. Slide 14: Yandal

    Yandal Production Centre Yandal 600 For personal use only Yandal production outlook  Increase Thunderbox mill (TBO) to 6.0Mtpa; Jundee at 3.0Mtpa koz A$/oz 600 1,500  Total Yandal milling capacity 9.0Mtpa 500  Growth underpinned by 4.5Moz Reserves 1,200 (8 years)… 400 900  …plus >10Moz Resources

  15. Slide 15: Yandal Production Centre - Growth capital A$270M

    Yandal Production Centre Growth capital A$270M For personal use only  Increase TBO mill to 6.0Mtpa (A$180M): Thunderbox 6.0Mtpa schematic  New 18MW mill and classification circuit  New leach tanks, elution and gold room upgrades  New tailing thickener and tailings pumping  Designed for 100% fre

  16. Slide 16: Pogo - On the way to 300kozpa from FY23

    Pogo Production Centre On the way to 300kozpa from FY23 For personal use only  High grade operation with large Resource base; Pogo production outlook multiple extensional opportunities in an under- koz A$/oz explored camp-scale district 300 1,800  FY21 guidance achieved; FY22 production guidance r

  17. Slide 17: Balance sheet - Robust and flexible

    Balance sheet - Robust and flexible Liquidity Position Disciplined capital allocation: For personal use only  Balance between re-investment (organic / inorganic), dividends, retained earnings 30% As at Financial metrics 30 June 2021 A$1.14B Measure Target Range 70% Leverage Ratio (Net Debt / EBITDA

  18. Slide 18: The recipe for outperformance

    The recipe for outperformance NST: Gold industry challenges: For personal use only  Long life, profitable growth   Declining Reserves and production  Consistent delivery v guidance Opportunity  Variable delivery (operational, financial)  Progressive ESG   Progressive ESG  Exclusively in Tie

  19. Slide 19: Why Northern Star is a stand-out gold investment

    Why Northern Star is a stand-out gold investment For personal use only  Business first - Leveraging operating / technical skills and disciplined capital management to deliver superior shareholder returns  Tier-1 jurisdictions - Exclusively  Capital discipline - Balance between shareholder returns

  20. Slide 20: Northern Star Resources Limited - Investor Enquiries

    Northern Star Resources Limited ASX Code: NST For personal use only Business First Investor Enquiries: Troy Irvin Level 1, 388 Hay Street, Subiaco 6008 Western Australia T: +61 8 6188 2100 E: investorrelations@nsrltd.com W: www.nsrltd.com 20

Northern Star Resources — Diggers & Dealers Mining Forum 2021 on 6ix