Northern Star Resources Ltd · ASX:NST
Northern Star Resources — Investor Presentation (April 2012)
15 slides from Northern Star Resources's investor presentation, Apr 3, 2012
Slide 1: Company Presentation
For personal use only Company Presentation The year Northern Star catches up with its peers as a gold mid- mid- cap producer April 2012
Slide 2: Disclaimer - Competent Persons Statements
Disclaimer Competent Persons Statements The information in this announcement that relates to Paulsens and Mt Olympus mineral resource estimation, exploration results, data quality, geological interpretations, For personal use only potential for eventual economic extraction and estimates of explorati
Slide 3: Corporate and Asset Overview
Corporate and Asset Overview +80,000oz Western Australian Gold Producer For personal use only Market cap: $360m based on 402m shares at $0.90, plus 25m options Cash/Bullion on hand: $84m as 31 Mar 12 Enterprise Value $276 million Debt free and un-hedged Top 20 hold +50%, new large UK institutions Ke
Slide 4: Paulsens – Corner Stone Asset
Paulsens – Corner Stone Asset Paulsens started production in 2005 has produced 500,000oz in For personal use only 6.5 years to 2011 at an average gold production of 70-80,000ozpa Life of Mine Cash Cost of $560/oz Average monthly total site cost of $5M or 3,000oz to breakeven Acquired by Northern Sta
Slide 5: Paulsens – Corner Stone Asset (continued…)
Paulsens – Corner Stone Asset (continued…) Changed out Mining and Crushing Contractors with in-house team For personal use only Dropped total cost per tonne by 30%, lowered underground cut-off to 2.5g/t 5
Slide 6: Paulsens – Corner Stone Asset (continued…)
Paulsens – Corner Stone Asset (continued…) Exceeded 2011 guidance by 15% , generated $46M surplus For personal use only CY2012 guidance 75-80,000oz at $600-650 cash cost, generating $35M surplus cash even after $15M expansion capital expenditure New Resource of 318,000 oz, underpinned by key Voyager
Slide 7: Paulsens – Plan to Substantially Grow Mine Life
Paulsens – Plan to Substantially Grow Mine Life Orebody has yielded 500,000oz over ≈ 400 vertical meters, 7 years For personal use only of production so far Target ore body 400-500 vertical metres below current workings Potential to extend mine life 7-10 years Deep Navigational drilling commencing 2
Slide 8: Growing production to 200,000ozpa
Growing production to 200,000ozpa Two staged approach to 200,000oz per annum For personal use only Stage 1 - Grow Paulsens to 100,000ozpa by year end Increase plant capacity from 350,000 to 450,000tpa Rapid capital development now underway Expansion funding is secured Most major lead time items have
Slide 9: Significant Exploration Upside
Significant Exploration Upside No other sizeable deposit within 50km radius of the Paulsens mine For personal use only which has now exceeds a 750,000oz gold deposit 10-15 yrs of no regional exploration Paulsens near mine or regionally Re-assessing the $30M Ashburton Geological data base $20M explor
Slide 10: Significant Exploration Upside (continued…)
Significant Exploration Upside (continued…) Found two Gabbro Offset positions similar geology as Paulsens For personal use only Potential to replicate the Paulsens orebody which has produced 500,000oz Ore grade intercepts up to 14gpt received to date, early days but very encouraging Intersected up t
Slide 11: Board of Directors
Board of Directors Successful record in discovering and developing mines For personal use only BILL BEAMENT – Managing Director (Mining Engineer) Former General Manager – Operations for 12 mines across WA, including 3.5 years involvement at Paulsens overseeing the incumbent mining contractor. Establ
Slide 12: Senior Management
Senior Management For personal use only BERNIE SOSTAK – General Manager of Geology Geologist with over 20 years in the Gold Industry with extensive experience in mine geology, resource estimations, planning and general operations management in underground and open pit. Held senior management roles w
Slide 13: Ten Reasons to Follow Northern Star
Ten Reasons to Follow Northern Star 1. Exceeded CY2011 guidance by 15%, generated $46m surplus For personal use only cashflow, CY2012 to deliver $35m surplus after expansion capital 2. Debt-free (minor equipment HP), un-hedged and $84m in cash and bullion 3. Outstanding drilling results at Paulsens
Slide 14: Ten Reasons to Follow Northern Star
Ten Reasons to Follow Northern Star 7. Significant exploration potential with a $20M program over the For personal use only next 12 months, yielding early result such as new gabbro offsets 8. Strong cashflow/balance sheet means NST is ideally placed to capitalise on falling asset values and uncertai
Slide 15: Appendix
Appendix 1 Measured Indicated Inferred Total 31 December 2011 Tonnes Grade Tonnes Grade Tonnes Grade Tonnes Grade Oz Au For personal use only (,000) (g/t) (,000) (g/t) (,000) (g/t) (,000) (g/t) (,000) Open Pit 573 2.5 169 2.5 742 2.5 61 Paulsens Upper Levels 136 7.1 32 5.0 168 6.7 36 Voyager 1 57 11
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