Northern Star Resources Ltd · ASX:NST
Northern Star Resources — BMO Global Metals, Mining & Critical Minerals Conference 2024
20 slides from Northern Star Resources's conference presentation, Feb 26, 2024
Slide 1: Business First
For personal use only Business First BMO Global Metals, Mining & Critical Minerals Conference February 2024
Slide 2: Forward Looking Statements and Disclosures
Forward Looking Statements and Disclosures For personal use only Forward Looking Statements 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 co
Slide 3: Our framework to generate superior returns
Our framework to _ generate superior returns For personal use only 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 port
Slide 4: Northern Star commodity, jurisdictions, production centres
Northern Star _ 1 commodity, 2 jurisdictions, 3 production centres For personal use only 100% GOLD Pogo Tier-1 MINING JURISDICTIONS Yandal Kalgoorlie ASX 50 MARKET INDEX Our purpose is to generate superior returns for shareholders 4
Slide 5: Our commitment to create value
Our commitment to _ create value For personal use only 1H FY24 Financial Overview A$ 889M A$ 702M A$ 131M Underlying EBITDA Cash Earnings Underlying FCF A$ 211M A$ 169M / $300M A 15.0cps Underlying NPAT Share buy-back Dividends 5 See Financial Note 1 on page 2.
Slide 6: Financial flexibility from a strong balance sheet
Financial flexibility from a _ strong balance sheet For personal use only Net cash position Reinvesting for Disciplined approach supports organic growth to de-risk cost maintained strategy profile throughout the cycle Credit Facilities (at 31 Dec 2023) 229M 2.6B US$600M A$ A$ A$750M (undrawn) A$750M
Slide 7: On track to deliver FY24 guidance
On track to deliver _ FY24 guidance For personal use only We have the portfolio, people & strategy to deliver 1,600 – 1,750koz A$ 1,730 – 1,790/oz Gold Sold AISC 7
Slide 8: Our commitment to our profitable growth plan
Our commitment to _ our profitable growth plan For personal use only 2.00Moz 1.8-2.2Moz SUSTAINABLE 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 1.60Moz GOLD SOLD YANDAL 600koz 1st Half Realising full p
Slide 9: Prudent cash deployment to the highest returning project
Prudent cash deployment to the _ highest returning project For personal use only 13Mtpa 27Mtpa Fimiston Processing Plant Post-tax IRR Post-tax Payback Strong Balance Sheet A$2,600/oz gold price A$2,600/oz gold price throughout build phase Net 19% 4.6yrs Cash 9
Slide 10: Capital investment de-risking cost profile
Capital investment _ de-risking cost profile For personal use only 2023 Global Gold Cost Curve KCGM MILL EXPANSION 2,250 2,000 1st 2nd 3rd 4th 900kozpa FY29 Quartile Quartile Quartile Quartile steady state 1,750 KCGM Gold Sold 1,425/oz A$ 1,500 1,250 KCGM AISC AISC (US$/oz) 1,000 3rd Quartile NORTHE
Slide 11: Exploration underpins further organic growth opportunities
Exploration underpins further _ organic growth opportunities For personal use only 20.2Moz 57.4Moz Ore Mineral Reserves* Resources* + 10YR A$ 31/OZ Reserve-backed Cost of Resource production profile additions 11 *Annual Mineral Resources and Ore Reserves as at 31 March 2023
Slide 12: Kalgoorlie: A dominant and growing pillar
Kalgoorlie _ A dominant and growing pillar For personal use only KALGOORLIE 39.0Moz 14.7Moz 19Mtpa MILLING Mineral Resource Ore Reserve CAPACITY KCGM 13Mtpa reserve grade 28.3Moz 12.2Moz 1.3g/t MILLING Mineral Resource Ore Reserve CAPACITY Carosue Dam 4Mtpa reserve grade 4.1Moz 1.5Moz 1.8g/t MILLING
Slide 13: KCGM a key global gold asset
KCGM _ a key global gold asset For personal use only 28Moz Mineral Resource 12Moz Ore Reserve +20Years Mine Life 65Moz gold mined over 130 years 13
Slide 14: KCGM production growth
KCGM production growth _ Oroya Brownhill (East Wall) cutback For personal use only 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 G
Slide 15: KCGM growing underground feed
KCGM _ growing underground feed For personal use only 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 15
Slide 16: Yandal hub strategy
Yandal _ hub strategy For personal use only 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 Reser
Slide 17: Thunderbox growing future feed sources
Thunderbox _ growing future feed sources For personal use only 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 Sundow
Slide 18: Pogo preparing for the next decade
Pogo _ preparing for the next decade For personal use only 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 18
Slide 19: Our journey to sustainable mining
Our journey to _ sustainable mining For personal use only 0.6 LTIFR Net Zero below industry average ambition for Scope 1 & 2 Safety performance as at 31 Dec 2023 emissions by 2050 Relative to 1 July 2020 baseline (931kt CO2-e) Zero 35% materially adverse incidents targeted reduction in Scope 1 & 2 e
Slide 20: Northern Star a global gold leader
Northern Star _ a global gold leader For personal use only FY26 2Moz Profitable Growth Strategy 50% complete KCGM Mill Expansion build started Fully funded Investor Enquiries: Dividend policy maintained Sophie Spartalis T: +61 8 6489 2488 Geology drives organic E: investorrelations@nsrltd.com value
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