Northern Star Resources Ltd · ASX:NST
Northern Star Resources — Gold Forum Americas 2024
20 slides from Northern Star Resources's conference presentation, Sep 16, 2024
Slide 1: Business First – Gold Forum Americas September 2024
For personal use only Business First Gold Forum Americas September 2024
Slide 2: Disclaimers
Disclaimers For personal use only Disclaimer and Forward-Looking Statements ASX Listing Rule 5.23 Statement Northern Star Resources Ltd has prepared this announcement based on The information in this announcement that relates to the current Ore Reserves and Mineral Resources of Northern Star informa
Slide 3: Northern Star – a global gold leader
Northern Star _ a global gold leader For personal use only 1 Commodity 2 Jurisdictions 3 Production Centres 61.3Moz 20.9Moz Mineral Resources Ore Reserves 3
Slide 4: 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 1.80Moz of which PRODUCTION CENTRES to KCGM 650koz KCGM 900koz 1.65Moz Grade increase at KCGM Mill Expansion 1.8–2.2Moz GOLD SOLD YANDAL 600koz 1st Half Realising full p
Slide 5: Create value – FY24 Highlights
Our commitment to _ create value For personal use only FY24 Highlights A$ 1.8B A$ 2.2B A$ 462M A 40.0 cps Cash Earnings Underlying EBITDA Underlying FCF Dividends Cash Earnings is defined as Underlying EBITDA ($2,192M) less sustaining capital ($320M from AISC tables in June 2024 Quarter Report, whic
Slide 6: Operational excellence – FY24 Performance
Our commitment to _ operational excellence For personal use only FY24 Performance We have the portfolio, people & strategy to deliver 1,621koz A$ 1,853/oz 0.5 Gold Sold AISC Safety - LTIFR* 6 *LTIFR (12-month moving average) is calculated based on the number of reportable lost time injuries occurrin
Slide 7: Maximise financial performance
Our commitment to _ maximise financial performance For personal use only FY24 Group Level Underlying 45% 1,353/oz FY24 EBITDA Contribution A$ Pogo 15% EBITDA margin EBITDA/oz Production Centre (excl. exploration) 56% A$1,647/oz 47% 48% 44% 43% Yandal 33% A$1,200/oz Kalgoorlie 29% 56% Production Cent
Slide 8: Increase returns on capital
Our commitment to _ increase returns on capital For personal use only Return on Capital Employed (ROCE) (%) Profitable Growth Strategy Our Purpose To generate superior returns for our shareholders, while providing positive x2 ROCE benefits for our stakeholders, through uplift operational effectivene
Slide 9: A strong balance sheet
Our commitment to _ 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 30 June 2024) US$600M 358M 2.7B A$750M A$750M (drawn) A$ A$ (undrawn)
Slide 10: Drive operating costs lower
Our commitment to _ drive operating costs lower For personal use only FY24 Global Gold Cost Curve SUSTAINABLE 2,250 BUSINESS 1st Quartile 2nd Quartile 3rd Quartile 2,000 +3% YoY +2% YoY +9% YoY 1st Half COST CURVE 1,750 KCGM MILL EXPANSION 3/6 assets AISC (US$/oz) 1,500 FY24 KCGM TODAY +2% YoY 1,250
Slide 11: Kalgoorlie Production Centre – unlocking value at KCGM
Kalgoorlie Production Centre _ unlocking value at KCGM For personal use only 13Mtpa 27Mtpa Fimiston Processing Plant 900kozpa All critical path enabling works completed FY29 steady state KCGM Gold Sold Two accommodation camps fully operational 1,425/oz A$ KCGM AISC Major equipment to be delivered 1H
Slide 12: KCGM – a key global gold asset
KCGM _ a key global gold asset For personal use only 32Moz Mineral Resources 13Moz Ore Reserves +20Years Mine Life 65Moz gold mined over 130 years 12
Slide 13: KCGM regional opportunities – drilling future potential
KCGM regional opportunities _ drilling future potential For personal use only HERCULES (Recent discovery 2023) Potential open pit and Thick, high-grade underground drill results 13
Slide 14: Yandal Production Centre – hub strategy
Yandal Production Centre _ hub strategy For personal use only 14Moz YANDAL gold mined over 30 years 10.2Moz 3.4Moz 9Mtpa MILLING Mineral Resources Ore Reserves CAPACITY Jundee 3Mtpa Reserve grade 5.9Moz 1.3Moz 3.9g/t MILLING Mineral Resources Ore Reserves CAPACITY Thunderbox 4.2Moz 2.1Moz Reserve gr
Slide 15: Jundee – delivering superior returns
Jundee _ delivering superior returns For personal use only Reinvest Expand Optimise A$ 2,228M Cumulative Operational Free Cash Flow 121% Internal Rate of Return (pre-tax) Acquisition A$ 82.5M Consistent and reliable production Operational Free Cash Flow 15 Operational free cash flow is pre-tax and e
Slide 16: Pogo Production Centre – preparing for the next decade
Pogo Production Centre _ preparing for the next decade For personal use only 6.7Moz High-grade Resources 10.1g/t; Reserves at Mineral Resources 8.0g/t Lowering costs through 1.5Moz Ore Reserves growth and optimisation In-mine and near regional +10Years Mine Life opportunity 5Moz gold mined ove
Slide 17: Pogo – positioned for higher free cash flow
Pogo _ positioned for higher free cash flow For personal use only Reinvest Expand Optimise Increasing returns and payback Acquisition US$ 260M US$ 149M Cumulative Free Cash Flow Consistent and reliable production Operational Free Cash Flow 17 Operational free cash flow is pre-tax and excludes corpor
Slide 18: To lower carbon emissions
Our commitment _ to lower carbon emissions For personal use only Group targeting 35% lower carbon emissions Jundee renewable journey nearing completion by 2030 Targeting up to 50% reduction by 2030 24MW wind | 16MW solar | 12MW battery Commissioning Complete Complete 18 References to carbon emission
Slide 19: To deliver FY25 guidance
Our commitment _ to deliver FY25 guidance For personal use only FY25 GUIDANCE UNITS KALGOORLIE YANDAL POGO TOTAL* Gold Sold koz 890 - 980 505 - 555 255 - 265 1,650 - 1,800 AISC A$/oz 1,740 - 2,000 1,930 - 2,210 US$1,395 - 1,460 1,850 - 2,100 Growth Capital Expenditure A$M 555 - 595 285 - 307 US$60 -
Slide 20: Northern Star – our commitment to create value
Northern Star _ our commitment to create value For personal use only Production growth to 2Moz on track and fully funded Geology drives organic portfolio opportunities Transition to higher free cash www.nsrltd.com flow levels near complete 20