Northern Star Resources Ltd · ASX:NST
Northern Star Resources — Australian Nickel Conference 2004
31 slides from Northern Star Resources's conference presentation, October 2004
Slide 1: Northern Star Resources Ltd
NORTHERN STAR RESOURCES LTD Focused on Nickel and PGE discoveries in the East Kimberley of Western Australia October 2004 Australian Nickel Conference Presentation 1
Slide 2: Share Structure
Share Structure Listed 17/12/03 (ASX Code NST) Capital Structure Shares (M) Options (M) Tradeable Stock 32.9 (64%) Nil Escrowed Stock 18.5 (36%) 18.4 Total Issued Capital 51.4 18.4 Jubilee hold 13.2M shares or 25.7% Share Trading Range : $0.100 - $0.245 Market Capitalisation : $6.4M 2 $4.58M at end
Slide 3: Northern Star Resources
Northern Star Resources • Highly experienced board with proven track record • Strategic ground holdings in the highly prospective East Kimberley Region of Western Australia • Under explored mafic-ultramafic host rocks - potential to host Ni-Cu-Co-PGE mineralization • High grade gold targets • Jubile
Slide 4: Proven Management Team
Proven Management Team Experienced management team with a proven record of success in discovering and developing mineral resources. • Christopher Rowe (Chairman) • Charles Wilkinson (Managing Director) • Ian Chalmers (Non Executive Director) • Terry Ransted (Non Executive Director) • Gary Lethridge
Slide 5: Achievements Since Listing
Achievements Since Listing • Recruitment of key exploration personnel • Establishment of operating base at Halls Creek • Negotiation of land access with traditional owners • Airborne magnetic/radiometric surveys (24,000 line km) • Large scale airborne EM surveys (2,000 line km) • Commencement of dri
Slide 6: Highlights Since Listing-Ni/PGE
Highlights Since Listing-Ni/PGE • Electromagnetic anomalies within the Red Billabong nickel project - currently being tested for nickel sulphides as the source for the responses. • Ground electromagnetic surveys commenced to test a number of geological contacts with anomalous rock chip and gossanous
Slide 7: Highlights Since Listing- Gold
Highlights Since Listing- Gold • High grade intercepts from the Golden Crown Project. Diamond Drilling 0.8m @ 521 g/t Au from 23.0m (GCD010), 0.4m @ 47.24 g/t Au from 126.6m (GCD011), 1m @ 19.06 g/t Au from 29.0m. (GCD005) RC Drilling (4m Composite Sampling) 4m @ 284.21 g/t Au from 12.0m (GCP017), 4
Slide 8: Why The East Kimberley
Why The East Kimberley • Layered mafic-ultramafic rocks - Most extensively mineralized association of their type in Australia. • Significant potential to host Ni-Cu-Co-PGE mineralization. • Focus for Ni-Cu-PGE mineralisation •promoted by the enhanced understanding of the regional geology, mineralisa
Slide 9: Project Locations
55 Ni Ni --Cu Cu-- (Co) (Co) --PGE PGEProjects Projects Project 66 Gold Gold Projects Projects Locations A Dunham Dunham Wilson WilsonRiver River PROJECT GROUP East Kimberley Nickel Foal FoalCreek Creek SM Halls Creek Toby Castlereagh Castlereagh Toby Wilson River PA Springvale Springvale LEGEND Pal
Slide 10: Mineralisation Style Summary
Mineralisation Style Summary Target Styles 10 (After D. Hoatson, 2000 )
Slide 11: Red Billabong Project
RED BILLABONG PROJECT • Extensive cover - largely unexplored • Existing base metal mineralization (PGE potential) • Along strike from gold mine • Untested intrusives • Airborne geophysical testing completed - aeromagnetics & AEM • AEM anomalies being tested 11
Slide 12: Red Billabong Project
RED BILLABONG PROJECT • Moola Bulla Complex • 15 x 3 km poorly outcropping intrusive • Sparse previous km exploration 1 5 •AEM anomalies identified 12
Slide 13: Red Billabong Project
RED BILLABONG PROJECT • Emull West • No previous exploration • Untested intrusives 5 km interpreted under cover • AEM responses identified 13
Slide 14: Red Billabong Project
Emull EmullBase BaseMetal MetalSkarn Skarn RED BILLABONG No PGE testing No PGE testing PROJECT • Emull • Existing base metal mineralization (PGE potential) • AEM anomalies identified 2 km 14
Slide 15: Springvale Prospect
SPRINGVALE PROSPECT • Anomalous rockchips on intrusive contacts • Poorly tested • Ground geophysics to Up to 0.25% to 1% Cu and 0.21% Ni in Up to 0.25% to 1% Cu and 0.21% Ni in separate rock chips on m argin. separate rock chips on m argin. test targets Poorly exposed and Poorly exposed and partiall
Slide 16: Springvale Project
eee St esa ; ae i ke t ’ * rire Pe | Springvale Shear Target ed Up to 0.24% Cu and 0.21% Ni in rock a. chips in shear. eee ] Poorly exposed a partially tested Corridor gabbro uae om ie ; Coincident Ni(>75ppm) Cu(>50ppm) stream sediment samples (Inco)
Slide 17: Toby Project
TOBY PROJECT •Potential host for Ni-Cu, PGE and gold-PGE mineralization as disseminated sulphides. •Ni-Cu-Co anomalous rock chip samples - no PGE analyses. •Stream sediment and rock chip sampling, geological mapping– December Quarter. 17
Slide 18: Toby Project
TOBY PROJECT Marty Bore Area - Up to 0.3 % Cu, 0.3 % Ni, 0.2% Co in rockchips. No PGE analysis. High Ni (to 500ppm) and Co (to 160ppm) in stream sediment samples draining Egg Limit Limitofofprevious previousPGE PGEsampling sampling(Mostly (Mostly Stream StreamSediment SedimentSampling) Sampling) Up
Slide 19: Foal Creek Project
FOAL CREEK PROJECT Covers the differentiated mafic Foal Creek intrusive, 1km x 2.2 km Seven strike kilometres of a strongly magnetic linear anomaly of the Corridor Gabbro (?) possibly a feeder to Toby or higher level intrusives Under explored 5km x 2km strongly magnetic body of the potential structu
Slide 20: Foal Creek Project
FOAL CREEK PROJECT Geology Foal FoalCreek Creek Intrusive Intrusive Corridor CorridorGabbro Gabbro 20
Slide 21: Foal Creek Project
FOAL CREEK PROJECT Magnetics Foal FoalCreek Creek Intrusive Intrusive Corridor CorridorGabbro Gabbro 21
Slide 22: Castlereagh Project
Geology Magnetics CASTLEREAGH PROJECT • Covers a 15 kilometre north- northwest trending strongly magnetic corridor •No known previous exploration for Ni-Cu-PGE’s. •AEM Completed 22
Slide 23: Golden Crown Project
GOLDEN CROWN PROJECT •High grade intercepts •Drilling to establish continuity •Further poorly tested syenite / fold hinges LEGEND BUTCHERS GULLY MEM BER OLYMPIO FORMATION Trachytic Volcanics Syenite BISCAY FORMATION 23 Turbiditic Sediments Metasediments Mafic Volcanics Mafic Volcanics
Slide 24: Faugh-a-Ballagh
Faugh-a-Ballagh LEGEND >0.5g/t Au Sediments Syenite Mafic Volcanics 24
Slide 25: Golden Crown Project Potential
GOLDEN CROWN PROJECT Potential Titan TitanDrilling Drilling - - BTP002 BTP0024m@1.56g/t 4m@1.56g/tAu Aufrom from11m 11m BTP003 1m@1.68g/t Au from 55m BTP003 1m@1.68g/t Au from 55m BTP004 BTP0042m@1.33g/t 2m@1.33g/tAu Aufrom from12m 12m and and 3m@2.88g/t 3m@2.88g/tAu Aufrom from21m 21m Future Future
Slide 26: Wilson River Project
WILSON RIVER PROJECT Geology Diamond/ Diamond/Kimberlite Kimberlite Indicators Indicators Numerous NumerousGold Gold Stream Sediment Stream Sediment Anomalies Anomalies 26
Slide 27: Wilson River Project
WILSON RIVER PROJECT •No gold mineralization has previously been documented in the area. Range RangeProspect Prospect •Gold anomalous soils and rock chips •Significant follow up 5 km just completed 27
Slide 28: Wilson River Project
WILSON RIVER PROJECT •Up to 570ppb Au from 200m spaced soil lines •High level / epithermal vein quartz textures 28
Slide 29: Proposed Schedule
Proposed Schedule • December Quarter – Drilling at Golden Crown – Surface EM testing Red Billabong, Springvale, Toby – Geochemical sampling Wilson River, Red Billabong, Toby, Springvale • 2004 / 2005 – Target testing and generation – Drill testing of gold and nickel targets generated 29
Slide 30: Summary
Summary • Experienced board with proven record of success • Holdings over under explored mafic-ultramafic host rocks - potential to host Ni-Cu-Co-PGE mineralization - Geophysical anomalies being tested • High grade gold targets • $4.58 Million Cash (end of June 2004) • Supported by Jubilee Mines NL
Slide 31: Just The Beginning
JUST THE BEGINNING 31
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