Northern Star Resources Ltd · ASX:NST
Northern Star Resources — Corporate Update (November 2023)
23 slides from Northern Star Resources's corporate update, Nov 21, 2023
Slide 1: Exploration Market Update
Exploration Market Update November 2023
Slide 2: Forward Looking Statements and Disclosures
Forward Looking Forward Looking Statements Statements and 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 Disclosures correctness of the infor
Slide 3: Presentation team
Presentation team Steven McClare Chief Technical Officer Mr McClare is a mining engineer with over 30 years of technical, operational and project experience in the mining industry. His extensive career includes building multi-billion dollar caving projects and bringing mines from design through to p
Slide 4: Our framework to generate superior returns
Our framework to _ generate superior returns Our Purpose To generate superior returns for our shareholders Generate superior returns while providing positive benefits for our stakeholders through operational effectiveness, exploration and Strong cash flow generation active portfolio management World
Slide 5: Exploration drives optionality across all production centres
Exploration drives optionality _ across all production centres A$ 150M FY24 exploration guidance ALASKA Pogo +130,000m AUSTRALIA FY24 drill metres (to date) Yandal Kalgoorlie increased organic growth optionality 5
Slide 6: Organic growth across the Group
Organic growth across the Group _ geology a key value driver 20.2Moz 57.4Moz Ore Mineral Reserves Resources + A$ 10YR 31/OZ Reserve-backed Cost of Resource production profile additions 6
Slide 7: Kalgoorlie Production Centre
Kalgoorlie Production Centre _ a dominant and growing pillar KALGOORLIE PRODUCTION CENTRE KCGM Carosue Dam Operations FY23 GOLD SOLD MINERAL RESOURCE ORE RESERVE Kalgoorlie Operations Rest of Rest of Rest of KCGM Group Group Group KCGM KCGM CDO Kal CDO Ops Kal Kal CDO Ops Ops 7
Slide 8: KCGM a key global gold asset
KCGM _ a key global gold asset 28Moz Mineral Resource 12Moz Ore Reserve +20Years Mine Life 65Moz gold mined over 130 years 8
Slide 9: KCGM Oroya Brownhill (East Wall) cutback
KCGM _ Oroya Brownhill (East Wall) cutback 3Yrs 5Yrs KCGM: FY25-26 Lower Material Movement (Fimiston South Waste Elevated cutback only) Movement Gold Grades Strip ratio reduces to ~7:1 ▪ Expected completion late FY24 ▪ Enables access to ~1.6Moz gold ▪ 1.2Moz Golden Pike North (~1.8g/t) ▪ 0.4Moz OBH
Slide 10: KCGM growing underground feed
KCGM _ growing underground feed KCGM Underground Resources 10 8 Ounces (Moz) 6 4 2 0 FY20 FY21 FY22 FY23 Mt Charlotte Fimiston UG Exploration success enables platform for production growth 10
Slide 11: KCGM significant ore feed optionality
KCGM _ significant ore feed optionality EXPLORATION FEASIBILITY DEVELOPMENT PRODUCTION OPEN PIT OPEN PIT OPEN PIT OPEN PIT FIMISTON BLC Mt Percy Fimiston South Oroya Brownhill PROCESSING Naruto Red Hill Stage 2 Fimiston South Stage 1 PLANT Golden Pike North Hannans North 13Mtpa Hercules TODAY UNDERG
Slide 12: Yandal Production Centre
Yandal Production Centre _ regional optionality YANDAL PRODUCTION CENTRE Jundee Thunderbox (TBO) FY23 GOLD SOLD MINERAL RESOURCE ORE RESERVE TBO TBO TBO Rest of Rest of Jundee Rest of Jundee Group Group Group Jundee 12
Slide 13: Yandal hub strategy
Yandal _ hub strategy 14Moz Yandal gold mined over 30 years 9.8Moz 3.8Moz 9Mtpa MILLING Mineral Resource Ore Reserve CAPACITY Jundee 5.4Moz 1.5Moz 3Mtpa 3.6g/t MILLING Mineral Resource Ore Reserve CAPACITY Thunderbox 4.4Moz 2.3Moz 6Mtpa 1.8g/t MILLING Mineral Resource Ore Reserve CAPACITY 13 The Bro
Slide 14: Jundee the mine that keeps on giving
Jundee _ the mine that keeps on giving 5.4Moz Mineral Resource 1.5Moz Ore Reserve +10Years Mine Life 14
Slide 15: Jundee long-life, low-cost mine
Jundee _ long-life, low-cost mine EXPLORATION FEASIBILITY DEVELOPMENT PRODUCTION MILL FEED Gateway South Griffin UG Barton JUNDEE MINE Extension 2Mtpa Zodiac Deakin Jundee Northern South Underground Deeps Cook UG Armada Atlantis SATELLITE FEED 1Mtpa Millrose Vause Ramone LEGEND Ziggy UNDERGROUND OPE
Slide 16: Thunderbox growing future feed sources FY24 - FY25 +FY26
Thunderbox _ growing future feed sources FY24 - FY25 +FY26 EXPLORATION FEASIBILITY DEVELOPMENT PRODUCTION MILL FEED PRODUCTION MILL FEED THUNDERBOX MINE THUNDERBOX THUNDERBOX D ZONE STOCKPILE A Zone 4Mtpa 2Mtpa Cutback THUNDERBOX THUNDERBOX UNDERGROUND UNDERGROUND Golder Sundowner JV* ORELIA ORELIA
Slide 17: Thunderbox mill feed sequencing
Thunderbox _ mill feed sequencing Production Areas FY24 FY25 FY26 FY27 FY28 FY29 FY30 Underground Thunderbox Wonder Open Pit TBO Zone D Orelia Otto Bore Bannockburn Stockpiles Reserve Stockpiles 17 *Northern Star has 70% interest in Sundowner JV.
Slide 18: Thunderbox Wonder remains open at depth
Thunderbox _ Wonder remains open at depth ▪ The Wonder complex is 25km south of the Thunderbox processing plant ▪ Wonder UG commenced FY24, Resource of 920koz, Reserve of 590koz ▪ Golden Wonder discovery continued to deliver impressive results including 15.5m @ 2.6g/t ,170m below the current Mineral
Slide 19: Pogo Production Centre
Pogo Production Centre _ preparing for the next decade FY23 GOLD SOLD MINERAL RESOURCE ORE RESERVE Pogo Pogo Pogo Rest of Rest of Rest of Group Group Group 19
Slide 20: Pogo preparing for the next decade
Pogo _ preparing for the next decade 7.3Moz ▪ High-grade Resource +10g/t; Reserve at Mineral Resource 8.5g/t ▪ Lowering costs through 1.6Moz Ore Reserve growth and optimisation ▪ In-mine and near regional +10Years Mine Life opportunity 4.8Moz gold mined over 17 years 20
Slide 21: Pogo entering a new exploration phase
Pogo _ entering a new exploration phase ▪ Star, 1.3km south of Pogo, comprises a Liese-style quartz vein system ▪ Expanded mineralised footprint to 1.1km by 450m ▪ FY24 geology interpretation and economic assessment ▪ FY25 targeted infill drilling program to quantify resource potential 21
Slide 22: Our commitment to our profitable growth plan
Our commitment to _ our profitable growth plan SUSTAINABLE 2.00Moz 1.8-2.2Moz BUSINESS KALGOORLIE 1.1Moz 3–5 of which PRODUCTION CENTRES 1.75Moz KCGM 650koz KCGM 900koz to Grade increase at KCGM Mill Expansion 1.8–2.2Moz GOLD SOLD 1.60Moz YANDAL 600koz 1st Half Realising full potential COST CURVE PO
Slide 23: Northern Star a global gold leader
Northern Star _ a global gold leader Geology drives organic Investor Enquiries: Sophie Spartalis T: +61 8 6489 2488 E: investorrelations@nsrltd.com value creation W: www.nsrltd.com 23
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