Northern Star Resources Ltd · ASX:NST
Northern Star Resources — Technical Presentation (September 2018)
25 slides from Northern Star Resources's technical presentation, Sep 28, 2018
Slide 1: Pogo Gold Mine Site Visit – 27 September 2018
For personal use only Northern Star Resources Pogo Gold Mine Site Visit – 27 September 2018
Slide 2: Competent Persons statements
Competent Persons statements The information in this announcement that relates to Mineral Resource estimations, exploration results, data quality and geological interpretations for the Company’s Project areas is based on information compiled by Brook Ekers, a Competent Person who is a Member of the
Slide 3: Pogo mineral resources and mineral reserves – Foreign Estimates
Pogo mineral resources and mineral reserves – Foreign Estimates This presentation has been prepared by Northern Star Resources Limited (ACN 092 832 892) ("Company" or "Northern Star" or "NST"). This presentation includes information which relates to the proposed acquisition of the Pogo mine in Alask
Slide 4: Site Visit Overview
Site Visit Overview Site Visit Itinerary Presentation Summary For personal use only Pogo Overview Northern Star Overview Pogo Transaction Rationale Infrastructure & Logistics Key Site Metrics Historic Site Performance The Geology of Pogo Resource and Reserves (Non-JORC Compliant) Deposit Geology Gro
Slide 5: 1. Pogo Overview
5 For personal use only 1. Pogo Overview
Slide 6: Acquisition - Diversifying Into Another Tier-1 Mining Jurisdiction
Pogo Acquisition - Diversifying Into Another Tier-1 Mining Jurisdiction Pogo mine provides Northern Star with a third production centre in another Tier-1 mining jurisdiction, For personal use only increasing FY19 group guidance to 850,000-900,000oz at an AISC of A$1,050-1,150/oz (US$787-862/oz)** Au
Slide 7: Acquisition – Consistent with publicly stated 3 Year Vision
Pogo Acquisition – Consistent with publicly stated 3 Year Vision 3 Year Vision A global mid-cap and ASX100 sustainable gold producer focused on superior shareholder value creation For personal use only Establish concentrated centres to maximise Develop functional disciplines and corporate Find new c
Slide 8: Why Alaska is a Tier-1 Jurisdiction
Why Alaska is a Tier-1 Jurisdiction Rated as a top-ten jurisdiction based on the 2017 Fraser Mining Index of 2017 Fraser Institute Mining Index of Investment Attractiveness (Top 20 Jurisdictions)(1) “Investment Attractiveness”; For personal use only 0 20 40 60 80 100 Rated ahead of every Australian
Slide 9: Infrastructure & Logistics
Pogo infrastructure & logistics A fully equipped site operated by an experienced management team For personal use only Key Infrastructure Electricity, Water & Fuel Simplified Pogo Tailings Process Route Facilities include a surface mill, dry stack tailings Power supply is via a 80km, 13.8kV Flotatio
Slide 10: Gold Mine overview
Pogo Gold Mine overview(1) Pogo is a high-grade underground gold mine which in CY2017 produced 271koz at an AISC of US$882/oz For personal use only Fully permitted and operating underground Operational Profile Location and Site Map gold mine with a 12 year production record Location 145km South-east
Slide 11: Operating and financial performance – past years
Pogo operating and financial performance – past 5 years An established history of consistent high grade gold production at a competitive AISC For personal use only Throughput (kt) and Grade (Au g/t)* Gold Production (koz) and AISC (US$/oz) Recoveries (% Au) 1,000 16 400 882 1000 13.5 13.6 870 849 90
Slide 12: Historic Production
Historic Production Historic Production For personal use only First gold production from Pogo was in 2006. Total historic production to the 30th of June 2018 was 9.76Mt @ 13.6g/t for 3.76Moz produced (88.0% recovery) The majority of production has come from the Liese vein system, which consists of 4
Slide 13: 2. Pogo Geology
13 For personal use only 2. Pogo Geology
Slide 14: Pogo resources and reserves – December 2017
Pogo resources and reserves – 31 December 2017 Mineral reserves and mineral resources have been historically calculated in-line with Canadian NI 43-101 reporting guidelines (refer to foreign estimate and cautionary statement on page 3) For personal use only MINERAL RESERVES MINERAL RESOURCES at 31 D
Slide 15: Pogo is in the World-Class Tintina Mineral Belt
Pogo is in the World-Class Tintina Mineral Belt Pogo provides Northern Star exposure to a prolific gold mineral belt with a long history of gold production For personal use only The Tintina Mineral Belt, a metal province stretching across much of interior Alaska, through the southwestern Yukon The r
Slide 16: Deposit Scale Geology
Deposit Scale Geology The Pogo Mine Deposit Style Mesothermal quartz vein hosted intrusion related structurally-controlled gold deposit; Related to mid-cretaceous intrusive complex; Mineralisation dated at ~110M years only Host Rocks Sillimanite-bearing paragneiss or orthogneiss that ranges in age f
Slide 17: Resource and reserve growth potential
Resource and reserve growth potential A significant amount of mineralisation is present outside of the current Pogo resources, there is also considerable mineralisation For personal use only inside the current resources that hasn’t made it into reserves Over the coming 24 months NST will look to inv
Slide 18: 3. Pogo Processing
1 For personal use only 3. Pogo Processing
Slide 19: Processing Overview
Pogo Processing Overview Process Overview ~1Mtpa capacity plant, For personal use only comprised of standard primary grinding circuit (Ball, SAG Mill) with floatation concentration and Carbon-In-Pulp (CIP) gold recovery. A gravity circuit is present to capture coarse gold LOM Plant Capacity ~1Mtpa P
Slide 20: 4. Environment & Social Responsibility
For personal use only 4. Environment & Social Responsibility 3
Slide 21: Environment
Pogo Environment Environment For personal use only NST is inheriting a world-class environmental & social responsibility team on site Strong community links & exceptional external reputation Highly experienced with obtaining and managing environmental permits Strong relationships with Federal, State
Slide 22: 5. Future Plans – Northern Star Operating Model
For personal use only 5. Future Plans – Northern Star Operating Model 5
Slide 23: Consistent with Northern Star acquisition and operating model
Consistent with Northern Star acquisition and operating model Pogo provides another opportunity for NST to apply its proven acquisition and operating model to deliver For personal use only value creation for Shareholders Initiative Description ▪ Maximise operational cashflow to recover acquisition p
Slide 24: Establishing a New Platform for Growth
Establishing a New Platform for Growth Northern Star will acquire a high quality For personal use only management team as part of the Pogo Northern Star’s Growth Platforms The Pogo Management Team acquisition to be integrated with Northern Star management General Manager The Pogo team has extensive
Slide 25: Northern Star Resources
For personal use only Northern Star Resources An Australian Mid Cap gold miner – for global investors Contact Details: Luke Gleeson – Investor Relations +61 8 6188 2100 Email – [email protected] Website – www.nsrltd.com
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