Northern Star Resources Ltd · ASX:NST
Northern Star Resources — Macquarie Australia Conference 2021
20 slides from Northern Star Resources's conference presentation, May 4, 2021
Slide 1: The Australian Gold Miner - For Global Investors
For personal use only The Australian Gold Miner - For Global Investors Macquarie Australia Conference - May 2021
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
Slide 3: Tier-1 assets in Tier-1 locations
Tier-1 assets in Tier-1 locations Top 10, ASX-listed global gold miner For personal use only Pogo 6.9Moz Resource ▪ Simple, growth business; Targeting the best 1.5Moz Reserve US 2Mozpa from three Tier-1 production centres (Alaska) ▪ On track to achieve FY21 production guidance; 1.5-1.7Moz at AISC A$
Slide 4: Progressive ESG
Progressive ESG Our Sustainability Vision For personal use only “Delivering responsible environmental and social business practices that lead to the creation of strong economic returns for our Shareholders, and shared value for our Stakeholders.” Our Sustainability Framework Ecosystem Progressive co
Slide 5: Pathway to the best 2Moz per annum
Pathway to the best 2Moz per annum A growth business, with falling costs and margin expansion For personal use only Production outlook (koz) – ▪ A$1.5-2.0B NPV (pre-tax, net of stamp duty) 100% in Reserves to be unlocked over the next 10 years 2,000 ▪ Opportunities being progressed include: +30% 1,7
Slide 6: Underpinned by a growing gold inventory
Underpinned by a growing gold inventory KCGM leads strong growth in Reserves and Resources For personal use only Reserves by production centre ▪ Over the 9 month period to 31 March 2021: 1.5Moz ▪ Reserves increased by 8%* to 21Moz 4.5Moz ▪ Resources increased by 15%* to 56Moz ▪ Reserves per share gr
Slide 7: Consistent track record of year-on-year Reserve growth
Underpinned by a growing gold inventory Consistent track record of year-on-year Reserve growth For personal use only Reserve growth since FY16 (Moz) Reserve and Resource (koz / share)3 FY20 FY21 21.0 49 19.4 43 8.7 18 6.5 15 5.6 3.5 FY16 FY17 FY18 FY19 FY20 FY21 Ore Reserve Mineral Resource Northern
Slide 8: "Through-the-Cycle" gold stock
“Through-the-Cycle” gold stock Significant levers to adjust to changes in gold prices For personal use only Attributes Benefits 100% Tier-1 assets De-risked production growth, earnings and cash flow 3.2Moz in surface stockpiles Structurally lower costs Goal “Future-proofing” strategy flex THE PREFER
Slide 9: Production centres: Kalgoorlie, Yandal, North American Operations
A simple business: Three large-scale production centres Kalgoorlie Operations: Yandal Operations: North American Operations: For personal use only Production target 1.1Mozpa Production target 600kozpa Production target 300kozpa Reserves: 314Mt @ 1.5g/t for 15.0Moz Reserves: 67Mt @ 2.1g/t for 4.5Moz
Slide 10: Kalgoorlie Operations: Production target 1.1Mozpa
A simple business: Three large-scale production centres Kalgoorlie Operations: Production target 1.1Mozpa For personal use only ▪ Key growth area = KCGM: Reserves: 314Mt @ 1.5g/t for 15.0Moz Resources: 666Mt @ 1.8g/t for 37.6Moz ▪ Reserve increased to 11.6Moz, up 20% from 9.7Moz at 30 June 2020 Proc
Slide 11: Kalgoorlie Operations: 32% more gold at KCGM
A simple business: Three large-scale production centres Kalgoorlie Operations: Production target 1.1Mozpa For personal use only ▪ 32% more gold at KCGM; Mined tonnes and ounces have outperformed forecasts for the 9 months ended 31 March 2021 ▪ Key driver = Previously unmodelled linking structures be
Slide 12: Kalgoorlie Operations: KCGM growth supported by drill results
A simple business: Three large-scale production centres Kalgoorlie Operations: Production target 1.1Mozpa For personal use only ▪ KCGM growth supported by multiple significant drill results: ▪ Fimiston South open pit ▪ OBH North open pit ▪ Fimiston South underground ▪ Mt Charlotte underground (Mt Fe
Slide 13: Kalgoorlie Operations: Golden Mile extended
A simple business: Three large-scale production centres Kalgoorlie Operations: Production target 1.1Mozpa For personal use only ▪ “Golden Mile” extended - Multiple opportunities within trucking distance of the Fimiston mill including: ▪ Mt Percy - Maiden Resource 8.1Mt @ 1.2g/t for 317koz, more to c
Slide 14: Yandal Operations: Production target 600kozpa
A simple business: Three large-scale production centres Yandal Operations: Production target 600kozpa For personal use only Reserves: 67Mt @ 2.1g/t for 4.5Moz ▪ Key growth opportunities from expansion / optimisation of Resources: 141Mt @ 2.2g/t for 10.1Moz Processing capacity: 5.5Mtpa milling; evalu
Slide 15: North American Operations: Production target 300kozpa
A simple business: Three large-scale production centres North American Operations: Production target 300kozpa For personal use only Reserves: 5.9Mt @ 8.0g/t for 1.5Moz ▪ Accelerated decline development will enable access to: Resources: 22Mt @ 9.4g/t for 6.9Moz Processing capacity: 1.3Mtpa from mid 2
Slide 16: Strong balance sheet
Strong balance sheet For personal use only ▪ At 31 March 2021: Liquidity at 31 March 2021 ▪ A$1.1B liquidity including Bullion A$59M A$345M in undrawn revolving Investments facilities A$16M ▪ A$712M cash and equivalents Total ▪ A$658M corporate bank debt liquidity A$1.1B ▪ A$325M of free cash flow4
Slide 17: Advantage Northern Star: Unrivalled exposure to Tier-1 assets
Advantage Northern Star Unrivalled exposure to Tier-1 assets For personal use only Leading gold producers - Reserves (%) in Tier-1 jurisdictions 100% 47% 41% 33% 29% 20% 15% 10% 2% 0% Northern Star A B C D E F G H I (A$12B) (A$20B) (A$49B) (A$65B) (US$6B) (A$12B) (A$11B) (A$11B) (A$21B) (A$13B) (Mar
Slide 18: Advantage Northern Star: Unrivalled exposure to Reserve growth
Advantage Northern Star Unrivalled exposure to Reserve growth For personal use only Leading gold producers - Reserve Growth (5-year CAGR) 43% 40% 5% 5% 2% -2% -3% -6% -7% -10% Northern Star I C A F E D B H G (A$12B) (A$13B) (A$65B) (A$20B) (A$11B) (A$12B) (US$6B) (A$49B) (A$21B) (A$11B) (Market capi
Slide 19: Northern Star Resources Limited
For personal use only Northern Star Resources Limited ASX Code: NST The Australian gold miner – for global investors 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 Inventum 3D Page Links clic
Slide 20: Appendix: Resources and Reserves Summary Tables
Appendix: Resources and Reserves Summary Tables For personal use only 20
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