Northern Star Resources Ltd · ASX:NST

Northern Star Resources — Investor Presentation (September 2019)

19 slides from Northern Star Resources's investor presentation, Sep 16, 2019

  1. Slide 1: An Australian gold miner - for global investors

    An Australian gold miner - for global investors 2019 Denver Gold Forum

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

    Resources & Reserves and Forward Looking Statements Mineral Resources and Ore Reserves The Mineral Resources and Ore Reserves information reported in accordance with the 2012 edition of the Joint Ore Reserves Committee’s Australasian Code for Reporting of Mineral Resources and Ore Reserves ("JORC Co

  3. Slide 3: NST Operations – Tier-1 Assets, Tier-1 Locations

    NST Operations – Tier-1 Assets, Tier-1 Locations  NST manages a simplified business with a strong organic growth outlook; with 3 Tier-1 assets in Tier-1 locations  Market cap is A$6.6B with sector leading balance sheet; A$361M cash and equivalents and no debt  FY20 group guidance of 800koz-900koz

  4. Slide 4: Thinking gold? Think proven sector leading returns

    Thinking gold? Think proven sector leading returns  NST operates by the core focus of being a business first and a mining company second  Consistent delivery of returns to shareholders through a proven operating model across its asset portfolio that has delivered sector leading returns  5yr TSR o

  5. Slide 5: Value Creation – delivering returns to Shareholders

    Value Creation – delivering returns to Shareholders  NST’s strategy of balancing organic growth with well executed M&A has generated over A$6.6B of value for Shareholders since the first acquisition in 2010 and <7% of this value uplift has been from equity raised  This strategy has been achieved t

  6. Slide 6: Delivering Reserve and Resource Growth per share

    Delivering Reserve and Resource Growth per share  Through value accretive organic and inorganic growth NST has been able to successfully grow Resource and Reserve life on a per share basis for its Shareholders  NST announced a 31% increase in Resources to 20.8Moz at 4.1gpt (grade up 46%) and a 35%

  7. Slide 7: FY20 Production and Cost Guidance

    FY20 Production and Cost Guidance  Group production 800,000-900,000oz at AISC A$1,200-A$1,300/oz  Growth capital non-sustaining of A$116 million – Pogo, Jundee and Moonbeam Growth  Exploration record spend of A$76 million – Pogo, Jundee and South Kalgoorlie  Second half of FY20 is forecasted to

  8. Slide 8: Jundee – Going from strength to strength

    Jundee – Going from strength to strength  A significant FY19: Record 299koz sold at an AISC of A$981/oz  Resources up 7% to 4.55Moz and Reserves up 3% to 1.6Moz  Mining & processing of Ramone open pit material commenced the June quarter  FY20: Guidance 260,000- 280,000oz at an AISC of A$1,115-A$

  9. Slide 9: NST, Jundee World Development Record – August

    NST, Jundee World Development Record – August 19  In the month of August 2019 a single jumbo achieved a world record of 754.3 metres (~2500 feet) of lateral development  The previous best Jundee result was 640 metres achieved in September 2018  This machine also bolted and meshed all of 754.3 met

  10. Slide 10: Pogo – Enacting the business model

    Pogo – Enacting the business model  Pogo is a world-class 10Moz gold endowment that has produced ~4Moz at an average grade of ~13gpt over the past 13 years at an average of ~300,000ozpa  Pogo has a JORC Resource of 5.95Moz at 9.6gpt and a maiden JORC Reserve of 1.5Moz at 7.5gpt  FY20 guidance of

  11. Slide 11: Pogo – fundamentals strong, transition on track

    Pogo – fundamentals strong, transition on track Total monthly development metres advance (excludes contractor metres) Target of A$37M growth capital in FY20 1,600 1,500m per  month committed for developing & establishing new areas 76% increase with arrival 1,400 of new equipment in March-19  Devel

  12. Slide 12: Pogo Plant 30% upgrade – Confidence to expand

    Pogo Plant 30% upgrade – Confidence to expand  Focus is now on optimising current throughput  Current capacity of processing plant is ~1Mtpa  Plant expansion to 1.3Mtpa to be delivered by early CY2021 at a capital cost of ~US$30M (US$10M spend in FY2020)  Potential to further expand to 1.5Mtpa f

  13. Slide 13: Pogo – an emerging camp scale system

    Pogo – an emerging camp scale system GOODPASTER CENTRAL POGOMINE AREA Gold Produced to June 2019: ~4Moz SOUTHERN EXTENSIONS Maiden 2019 Discovery potential Resource 0.5Moz 2019 Resource: 4.9Moz Hill 4021 Maiden 2019 Reserve: 1.5Moz 2019 Resource: 0.5Moz Inadequately Tested Not Tested Inadequately Te

  14. Slide 14: Goodpaster- New Discovery, a Pogo analogue?

    Goodpaster- New Discovery, a Pogo analogue?  The Goodpaster discovery extends over 2.3kms along strike and remains open in every direction  The current Goodpaster interpretation consists of a series of stacked lodes with 3 lodes identified to date  NST is investing over A$20M across the Pogo tene

  15. Slide 15: Kalgoorlie – Concentrated centre, great infrastructure

    Kalgoorlie – Concentrated centre, great infrastructure  FY19 record production, at top end of guidance with 340,007oz sold at AISC of A$1,330oz (US$931/oz)  FY20 continues organic production growth profile with guidance of 340,000oz-380,000oz at an AISC of A$1,260-A$1,370 (US$882-US$959/oz)  Proc

  16. Slide 16: Northern Star Resources Limited

    Northern Star Resources Limited ASX Code: NST An Australian mid cap gold miner – for global investors Investor Enquiries: Luke Gleeson, Investor Relations Level 1, 388 Hay Street, Subiaco 6008 Western Australia T: +61 8 6188 2100 E: info@nsrltd.com W: www.nsrltd.com Inventum 3D Page Links click here

  17. Slide 17: Sustainability in FY19

    Sustainability in FY19 We strive to deliver responsible environmental and social business practices that lead to both the creation of strong economic returns for our Shareholders, and shared value for our Stakeholders. Safety Social Environmental We strive for safety excellence across We strive for

  18. Slide 18: A$76M Global Investment in Future Growth

    A$76M Global Investment in Future Growth  A$76M exploration and drilling commitment for FY2020 is a record commitment  Pogo will continue to be a major focus with outstanding in-mine and near mine opportunities  Strong commitment to Jundee growth with major investment in-mine to begin evaluating

  19. Slide 19: Capital investment for production growth

    Capital investment for production growth FY20 growth capital of A$116M is primarily allocated to Growth Capital (A$M) 116 the following key projects: 95  A$44M developing and bringing online new mining areas at Pogo. This also includes A$7M on processing infrastructure to de-bottleneck the front en

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