Northern Star Resources Ltd · ASX:NST
Northern Star Resources — Investor Presentation (August 2014)
54 slides from Northern Star Resources's investor presentation, Aug 4, 2014
Slide 1: Kalgoorlie Operations – Kanowna Belle and Kundana
For personal use only Kalgoorlie Operations – Kanowna Belle and Kundana August 2014
Slide 2: Disclaimer – Competent Persons Statements
Disclaimer Competent Persons Statements The information in this announcement that relates to Paulsens and Ashburton mineral resource estimations, exploration results, data quality, geological interpretations, potential for eventual economic extraction and estimates of exploration potential, is For p
Slide 3: The Four Points of Northern Star
The Four Points of Northern Star High-grade, low cost mines For personal use only producing +550ozpa Outstanding potential for Multiple operations all growth via existing operations in Australia Steady dividends 3
Slide 4: Northern Star: A Summary
Northern Star: A Summary Market capitalisation: A$1.01B at A$1.72 per share For personal use only Second-biggest ASX-listed gold miner by production Annual production +550,000oz at targeted AISC of <A$1,050/oz Critical mass from five operating sites all in Australia Total reserves 1.5Moz; total reso
Slide 5: Group FY2015 Expected Production Guidance
Group FY2015 Expected Production Guidance Group production guidance is expected to be between For personal use only 550,000oz to 600,000oz for FY2015 Group AISC of A$1,050- A$1,100/oz Guidance Operation Min Max Paulsens 80 90 Plutonic 100 110 Kanowna Belle 80 85 Kundana 100 110 Jundee 190 205 Total
Slide 6: Regional Geological Setting
Regional Geological Setting For personal use only Paddington Carbine KB Raleigh Rubicon - Hornet KCGM Frogs Leg Superpit White Foil Regional Geological Setting Eastern Goldfields Province of the Yilgarn Craton Kalgoorlie Terrain of the Eastern Goldfields Province (formally known as the Norseman-Wilu
Slide 7: Kalgoorlie Operations - Kanowna Belle and Kundana
Kalgoorlie Operations - Kanowna Belle and Kundana For personal use only Large land holding within a highly prospective geological region. Tenements surrounding significant deposits which have produced over >60Moz. 7
Slide 8: Kanowna Belle Operation July 2014
For personal use only Kanowna Belle Operation July 2014
Slide 9: Kanowna Belle Overview (site layout)
Kalgoorlie Operations - Kanowna Belle Overview Haulage from For personal use only Kundana RoM Pad Workshops KB Open Pit Crusher Disused Tailings Facility KB Portal COB In Pit Main Office Tailings Mill’s Facility CONs Pond Roaster 9
Slide 10: Kanowna Belle Overview
Kalgoorlie Operations - Kanowna Belle Overview Part of the 2nd purchase from Barrick Gold for US$69 million, settled 1 March 2014 For personal use only Located within 18km of Kalgoorlie – a large regional well supported mining centre Kanowna Belle is underground operation accessed by an in pit porta
Slide 11: Kanowna Belle Historical Production
Kanowna Belle Historical Production Total Production For personal use only 1994 to Dec 2013, 32.5Mt @ 4.6g/t for 4.8Mozs EKJV processing figures in 2013 shown as Barrick part only. 11
Slide 12: Immediate Mining History
Immediate Mining History (last 4 years) For personal use only Year 2010 2011 2012 2013 Total KB – Ore (Mt) 1.2 1.2 1.3 1.0 4.7 KB – Ore (g/t) 4.7 4.5 3.8 4.6 4.4 KB – Ore (ozs) 183,000 174,000 164,000 150,000 671,000 EKJV – Ore (Mt) 0.4 0.3 0.4 0.4 1.5 EKJV – Ore (g/t) 11.9 13.4 11.8 10.8 12.0 EKJV
Slide 13: Kanowna Belle - Geology
Kanowna Belle - Geology The KB ore body lies adjacent to the For personal use only Fitzroy fault with mineralisation being controlled by intruded fertile porphyries. The KB Ore is Refractory, Gold hosted in pyrite-sericite-quartz-carbonate stringers. Gold occurs as fine grained inclusions (<10mm) in
Slide 14: Kanowna Belle – Underground Overview
Kanowna Belle – Underground Overview Kanowna Belle (KB) underground currently has a 2 year mine life. For personal use only Mining will be from the E-Block (1200m below surface) and in-mine / parallel lodes (Troy and Sims). The ore from the KB Ore body is a refractory requiring a second stage proces
Slide 15: Kanowna Belle Mine
Kanowna Belle Mine Troy Lode 65% of the production will be from E-block with For personal use only A Block HW additional / supplementary ore to come from other areas within the mine – Troy / Sims and potentially the A Block hanging wall lodes. Sims Lode Resource definition drilling is still continui
Slide 16: Kanowna Belle Mine – Mine Extensions
Kanowna Belle Mine – Mine Extensions Visible Gold in Sims Development OD15E Have identified For personal use only narrower high grade hanging wall and footwall lodes. ??? Historically concentrated on the ??? bulk ore of the Fitzroy fault Drilling to continue to further define these structures and po
Slide 17: KB Regional Exploration
KB Regional Exploration For personal use only Potential for Oxide, Refractory and Free Milling Ores Promising pipeline of projects from early stage to advanced Underground and open pit potential. Close proximity to the Kanowna Belle processing plant Multi-commodity potential (Au, Ni, Mo) 17
Slide 18: Kanowna Belle Processing Plant
Kanowna Belle Processing Plant For personal use only Kanowna Belle Processing plant currently operating at 1.34Mtpa with capacity to process up to 1.8Mtpa. The KB processing has both a “free milling” circuit (leach and gravity gold recovery) along with a floatation and roaster circuit (gold trapped
Slide 19: Kanowna Belle Processing Plant
Kanowna Belle Processing Plant For personal use only With the current planned lower through put through the mills and roaster - opens up opportunities for toll treatment within the district. This strategy will be explored over the next 12 months to assess other toll treatment agreements and refracto
Slide 20: Kundana Operation July 2014
For personal use only Kundana Operation July 2014
Slide 21: Kalgoorlie Operations – Kundana Overview
Kalgoorlie Operations – Kundana Overview For personal use only Part of the 2nd purchase from Barrick Gold for US$69 million, settled 1 March 2014 Located within 20km of Kalgoorlie First production late 1980s; total production of 3.3Moz (Dec 2013) Resources of 748,000oz at 13.2gpt (NST Share); Reserv
Slide 22: Kundana Mines (Raleigh, Rubicon, Hornet & Pegasus)
Kundana Mines (Raleigh, Rubicon, Hornet & Pegasus) Kundana - Major Gold Deposits The Kundana mining area has been in operation for For personal use only North Pit over 20 years. (100% NST) Kundana Offices The current operational mines are Raleigh, Rubicon Centenary (100% NST) and Hornet. With the re
Slide 23: Kundana Camp – Historical Production
Kundana Camp – Historical Production KUNDANA PRODUCTION SUMMARY: 1988 - 2013 For personal use only Tonnes (t) Grade (g/t) Ounces (oz) K2 LINE OF LODE Table shows gold production K2 Open Pits 3,786,121 4.02 488,789 from entire Kundana goldfield K2 Underground 5,027,197 5.53 894,487 K2 LINE OF LODE TO
Slide 24: Kundana Deposits – Historic Production
Kundana Deposits – Historic Production Kundana Goldfield Production (1988 – 2013): 15.8Mt @ 6.57g/t for 3.34Moz Located on the Zuleika For personal use only shear zone. Two main South Pit / Centenary UG 309K Oz structures host significant Barkers + North Pit 286K + 48K Oz deposits – K2 and Strzeleck
Slide 25: Kundana – Underground Overview
Kundana – Underground Overview For personal use only The Kundana undergrounds currently have a 3 - 5 year mine life. Mining is currently from 3 operations – Raleigh, Rubicon, Hornet and with Pegasus to be brought on line Q3 FY 2015. 1.0 to 1.5m Wide The Kundana mines are narrow vein high grade ore b
Slide 26: Kundana - Raleigh Mine
Kundana - Raleigh Mine The Raleigh operation is currently mining For personal use only at +700m. Raleigh has historically produced +1Moz at 13.75g/t. Narrow HG vein mining (10+ g/t) using up- hole bench stopes (20m). Current LOM 2+ years. 26
Slide 27: Rubicon & Hornet Mines
Rubicon & Hornet Mines Mining at depth less than 400m below surface For personal use only Open at Depth – on going drilling to identify extensions Multiple areas and stopes to maintain production profile Pegasus Rubicon Hornet 27
Slide 28: Pegasus Mine Design
Pegasus Mine Design For personal use only Hornet Pegasus Rubicon Accessed from existing Rubicon Mine Development - 3D Images\Peg-Ru-Hor.pdf Only 350 metres of decline required to reach Pegasus (relatively low capital expenditure to develop) Definitive Feasibility Study (DFS) in progress. The Pegasus
Slide 29: Pegasus – New Ore Body – Development Underway
Pegasus – New Ore Body – Development Underway Pegasus sits on the Kundana K2 Structure and in close proximity to Rubicon. For personal use only High grade narrow vein deposit with current resource of 763koz (100%) with ongoing definition drilling. Mining studies have shown it to be very similar to R
Slide 30: Pegasus K2 – Geological Architecture
Pegasus K2 – Geological Architecture Bent Tree Basalt For personal use only Mafic Pillowed Basalt Flows Victorious Basalt Plagioclase-phyric volcanics Centenary Shale Carbonaceous shale with arsenopyrite & pyrrhotite following primary bedding Intermediate Volcaniclastics (IVT) Volcanic sediment deri
Slide 31: Kundana is a Key Exploration Focus
Kundana is a Key Exploration Focus For personal use only AMBITION NORTH POLE CENTENARY MOONBEAM DRAKE PEGASUS RUBICON HORNET Underground Underground Underground Downplunge Extensions Extensions Extensions The K2 Structure will be systematically tested utilising new geological knowledge gained in the
Slide 32: Summary – Kalgoorlie Operations
Summary – Kalgoorlie Operations Kalgoorlie Operations meet the NST four points. For personal use only Operating mines in historically fertile gold fields. Kundana operations producing high grade mill feed. A minimum 2 year production schedule producing +180,000 Oz per annum (NST Share). Established
Slide 33: Appendix
33 For personal use only Appendix
Slide 34: Appendix
34 For personal use only Appendix
Slide 35: Appendix
35 For personal use only Appendix
Slide 36: Appendix Exploration History and Future Potential
Appendix Exploration History and Future Potential December 2011 July 2012 December 2012 December 2013 For personal use only 500m 2,000m 36
Slide 37: Unlocking the Potential of the Kundana Goldfield
For personal use only Unlocking the Potential of the Kundana Goldfield August 2014 Darren Cooke, Geology & LTP Manager, Northern Star Kalgoorlie Ops
Slide 38: Presentation Overview
Presentation Overview Introduction For personal use only Location and Tenure Reserve Resources as at 30 June 2014 The Geology of the Kundana Goldfield Geological and Structural Setting of the Kundana Deposits Historic Production from the Kundana Field The Pegasus Discovery Story Geological Concept t
Slide 39: Kundana Location & Tenement Holding
Kundana Location & Tenement Holding Kundana - Operating Mines 26km WNW of For personal use only Kalgoorlie The NST Kundana operations consist of 100% owned ground in addition to two JVs where NST has the Raleigh (EKJV, 50% NST) highest equity position Pegasus (51% NST) Northern Star Rubicon-Hornet (
Slide 40: EKJV Reserve Resources
EKJV Reserve Resources (As @ 30 June 2014, 100%) For personal use only RESOURCE UP BY 275,000 OUNCES SINCE 31 DECEMBER 2013 (6 Months) RESERVES UP BY 50,000 OUNCES SINCE 31 DECEMBER 2013 (6 Months)
Slide 41: The Geology of Kundana
For personal use only The Geology of Kundana August 2014
Slide 42: Regional Geological Setting
Regional Geological Setting Continent Scale Kundana is at the boundary of the Coolgardie and Ora Banda domains within For personal use only the Kalgoorlie Terrain of the Eastern Goldfields Provence of the Yilgarn Craton 7100000 mN Terrain Scale (Kalgoorlie Terrain) Domain (Coolgardie/Ora Banda) 7100
Slide 43: The Zuleika Shear Zone
The Zuleika Shear Zone The Kundana ZULEIKA GOLD DEPOSITS For personal use only Goldfield is located within the Zuleika CARBINE (>0.5Moz) BULLANT (>0.2Moz) Shear Zone at a major regional flexure Golden Mile KUNDANA (>5Moz) >65Moz The Zuleika is a major crustal scale feature that separates distinct Zu
Slide 44: Kundana Goldfield – Local Structural Geology
Kundana Goldfield – Local Structural Geology QR Code The Zuleika shear zone at Kundana consists Royal Standard Fault For personal use only of a complex array of structures at a regional flexure in the fault zone Pope John Fault There are two major NW trending structures Kundana Structural Model - Th
Slide 45: Deposit Geology – K2 Line of Lode
Deposit Geology – K2 Line of Lode Frogs Leg – Hornet – Rubicon – Pegasus – Moonbeam – Pope John – Centenary – North - Ambition Key Geological Attributes: 6075 LEVEL BACKS (HORNET) For personal use only Ore Body Classification - Shear Hosted Archaean Greenstone Lode Deposit - Variable, but typically
Slide 46: Pegasus K2 – Geological Architecture
Pegasus K2 – Geological Architecture Bent Tree Basalt For personal use only Mafic Pillowed Basalt Flows Victorious Basalt Plagioclase-phyric volcanics Centenary Shale Carbonaceous shale with arsenopyrite & pyrrhotite following primary bedding Intermediate Volcaniclastics (IVT) Volcanic sediment deri
Slide 47: Deposit Geology – K2 Line of Lode
Deposit Geology – K2 Line of Lode Frogs Leg – Hornet – Rubicon – Pegasus – Moonbeam – Pope John – Centenary – North - Ambition HORNET ORE VEIN VEIN TEXTURE For personal use only See Inset Scale: 1m IMAGE: K2 Ore Vein at the 6005 Level (Hornet) IMAGE: Close up of ore vein in the 6005 Level (Hornet) s
Slide 48: Kundana Deposits and Past Production
Kundana Deposits and Past Production KUNDANA PRODUCTION (1988 – 2013): 3.34 MILLION OUNCES For personal use only North Mineralisation in the Kundana Camp can 49Koz be classified based on structural position: South/Centenary Barkers - K2 Line of Lode 288Koz 309Koz Pope John - Strzelecki – Barkers Lin
Slide 49: The Discovery Pegasus Story
For personal use only The Discovery Pegasus Story August 2014 A lesson in questioning Geological ‘FACTS’
Slide 50: Exploration History
Exploration History The Pegasus Prospect was first named in 1999, with the soil geochemistry anomalism first For personal use only reported in 1987 Numerous phases of drilling were conducted between 1999 and 2006. A small near-surface resource was identified, however was removed from the mineral inv
Slide 51: 2011 – A Geological Awakening
2011 – A Geological Awakening In 2011, a review of the exploration prospectivity of the EKJV tenure was conducted. With the For personal use only advancement of geological knowledge in the district, new geological concepts were applied to historic data. One diagram from a forgotten 2009 Technical Re
Slide 52: The Evolution of Pegasus
The Evolution of Pegasus Pre - 2011 December 2011 July 2012 December 2012 December 2013 use only QR Code Hornet-Rubicon Pegasus Design 500m Augustpersonal Feasibility based on 2013YE Resource (355Koz) near completion Decline started in April and is almost at 2014 Pegasus Resource more than doubled i
Slide 53: Kundana K2 is a Key Exploration Focus
Kundana K2 is a Key Exploration Focus For personal use only AMBITION NORTH POLE CENTENARY MOONBEAM DRAKE PEGASUS RUBICON HORNET Underground Underground Underground Downplunge Extensions Extensions Extensions 1,000m The K2 Structure will be systematically tested utilising new geological knowledge gai
Slide 54: Questions?
Questions? For personal use only http://augmentedev.com/ Download the app from the Google Play or iTunes Stores Scan the QR Codes in this presentation to display the wireframes Print the tracker if prefer the model locked to the ground http://augmentedev.com/images/A4_Tracker.pdf
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