Northern Star Resources Ltd · ASX:NST
Northern Star Resources — AMEC 2011
17 slides from Northern Star Resources's conference presentation, Jun 29, 2011
Slide 1: AMEC 2011 Presentation
For personal use only AMEC 2011 Presentation June, 2011
Slide 2: Disclaimer – Competent Persons Statements
Disclaimer Competent Persons Statements The information in this announcement that relates to exploration results, data quality, geological interpretations and potential for eventual economic extraction, is based on For personal use only information compiled by or under the supervision of Brook Ekers
Slide 3: The Northern Star Vision
The Northern Star Vision For personal use only To build a substantial mining company through exploration, organic growth and acquisition To maintain strict financial discipline with an emphasis on shareholder return To build a world-class team of in-house mining experts who will give the company a c
Slide 4: Corporate and Asset Overview
Corporate and Asset Overview For personal use only Market cap: $120m based on 305m shares at 40c, plus 70m options Cash/Bullion on hand: $14m as at 30 June, 2011 Top 20 hold 50% (inc InvestMet with 20%) Key production asset: Paulsens Gold Mine near Paraburdoo in WA, acquired in July 10 Current JORC
Slide 5: Corporate and Asset Overview (continued)
Corporate and Asset Overview (continued…) Have grown Company resource base from 30k oz to ≈ 1M oz in For personal use only less than 12 months through exploration and acquisition 2nd Acquisition 1000000 800000 1st Resource Upgrade 600000 Purchase Paulsens 400000 Shelf 200000 0 Jan‐10 Jul‐10 Jan‐11 J
Slide 6: Paulsens – The Past
Paulsens – The Past Paulsens started production in 2005 under Intrepid ownership For personal use only Produced 373,000oz in five years to Mid-2010 at an average gold production of 70-80,000oz per annum CY2009 EBITDA $39M at gold price of A$1200/oz 6
Slide 7: Paulsens – The Present
Paulsens – The Present Acquired by Northern Star in July 2010 for $40m and repaid from For personal use only cashflow within 7 months Maiden Company profit of $5M in six months to Dec 31, 2010 after $25M acquisition costs and $5M invested in drilling and capital dev Record half year performance in D
Slide 8: Paulsens – The Present (continued)
Paulsens – The Present (continued…) 2011 mine plan forecasts surplus cashflow of $40m through the For personal use only production of 75,000oz. Currently exceeding this guidance Resources increased to 226,000oz and underpinned by key Voyager 1 lode that is being mined at 1000oz per vertical metre Vo
Slide 9: Paulsens – The Future
Paulsens – The Future Paulsens is now set for a long and profitable future For personal use only Voyager 1 lode producing strong results from drilling down plunge, highlighting excellent potential for further resource increases Drilling Voyager 2 lode in lead-up to maiden resource estimate later in
Slide 10: Paulsens Regional and other Exploration Upside
Paulsens Regional and other Exploration Upside No other sizeable deposit within 50km radius of the Paulsens mine For personal use only 1,300km² of Tenements, numerous targets 100% owned and JV’s No other operational gold processing plant within 400km radius Cheroona copper/gold project, 80km from Sa
Slide 11: Ashburton Gold Project
Ashburton Gold Project Past oxide open pit production, 1998 to 2004 of 340,000oz @ 3.3g/t For personal use only Project contains 668,000oz @ 3g/t resource mainly in sulphides Numerous walk up drill targets and opportunity to review past feasibility studies that were based on a A$525/oz gold price Dr
Slide 12: 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 13: Senior Management
Senior Management BERNIE SOSTAK – General Manager of Geology For personal use only 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 14: Ten Reasons to Follow Northern Star
Ten Reasons to Follow Northern Star 1. ~75,000ozpa production at $620/oz cash cost For personal use only 2. Up to $40m surplus cashflow in 2011 3. Debt-free and unhedged 4. 226,000oz resource at Paulsens, outstanding drilling results point to further substantial increases in resources and mine life
Slide 15: Ten Reasons for Wise Men to Follow a Northern Star
Ten Reasons for Wise Men to Follow a Northern Star 8. Significant exploration potential at Cheroona copper/gold project For personal use only – just 80km from Sandfire and in similar geological setting 9. Highly experienced board and a management team who can be shifted from project to project, maxi
Slide 16: Bill Beament, Managing Director
For personal use only Bill Beament Managing Director June, 2011 www.nsrltd.com [email protected] (08) 6241 1866
Slide 17: Appendix – Resource Tables
Appendix 1 For personal use only Indicated Inferred Total 31 December 2010 Tonnes Grade Tonnes Grade Tonnes Grade Oz Au (,000) (g/t) (,000) (g/t) (,000) (g/t) (,000) Open Pit 471 2.9 200 3.3 671 3.0 64.5 Paulsens Upper Levels 110 7.5 23 5.0 133 7.1 30.2 Voyager 1 230 9.9 234 6.3 464 8.1 120.2 Paulse