Northern Star Resources Ltd · ASX:NST
Northern Star Resources — Shareholder Meeting (November 2011)
17 slides from Northern Star Resources's shareholder meeting presentation, Nov 25, 2011
Slide 1: AGM 2011
For personal use only AGM 2011 Perth 25 November 2011
Slide 2: Disclaimer
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: Corporate and Asset Overview
Corporate and Asset Overview +80,000oz Western Australian Gold Producer For personal use only Market cap:p $300m based on 351m shares at 85.5c, plus 25.5m options Cash/Bullion on hand: $35m as 25 Nov 2011 Top 20 hold 50% (inc InvestMet with 17.5%) Key production asset: Paulsens Gold Mine near Parabu
Slide 4: 2011 Company Highlights
2011 Company Highlights 18 months ago, Market Capitalisation $5M and less than $100k in cash For personal use only Today, Market Capitalisation $300M and $35M cash/bullion, debt/un-hedged Repaid R id Paulsens P l $40 million illi acquisition i iti iin FFebruary b 2011 Record mine performance 87,069o
Slide 5: 2011 Highlights (continued…)
2011 Highlights (continued…) Changedd outt Mi Ch Mining i andd CCrushing hi CContractors t t with ith iin-house h t team For personal use only Dropped total cost per tonne by 30% 5
Slide 6: Paulsens – Status
Paulsens – Status 2011 mine i plan l fforecasts t surplus l cashflow hfl off $40m $40 through th h the th For personal use only production of 75,000oz. Currently exceeding this guidance Current Resource underpinned by key Voyager 1 lode that is being mined in-excess of 1000oz per vertical metre. Dee
Slide 7: Stage 1 – Growing production to 100,000ozpa
Stage 1– Growing production to 100,000ozpa Organically grow Paulsens production to 100,000oz per annum For personal use only Incrementallyy increase pplant capacity p y from 350,000 , to 450,000tpa , p Rapid expansion to cost just $10M Install gravity circuit $1.5M Increase ventilation capacity $5M
Slide 8: Stage 1 – Ore feed Sources
Stage 1– Ore feed Sources Numerous feed sources to maintain this expanded capacity for at For personal use only least the next 6 to 7 years. Base B lloadd production d ti will ill be b sourcedd ffrom; Voyager 1, current resource of 120,000oz with a further update in 2012 2 exploration target1 of 100
Slide 9: Stage 2 – Growing production to 200,000ozpa
Stage 2– Growing production to 200,000ozpa Will potentially be a 100,000ozpa sulphide stand-alone operation, For personal use only feasibility to commence Relies on the recently acquired Ashburton Gold Project; Past oxide open p ppit pproduction,, 1998 to 2004 of 340,000oz , @ 3.3g/t g Project conta
Slide 10: Stage 2 – Growing production to 200,000ozpa
Stage 2– Growing production to 200,000ozpa Ashburton’s 668,000oz resource is 3g/t at a 0.9g/t cut-off grade, If a For personal use only cut-off of 3g/t is applied more akin to an Underground cut, then; R Resources are 2M tonnes t att 6.1g/t 6 1 /t for f 386,000oz 386 000 10
Slide 11: Significant Exploration Upside
Significant 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 Sandfire discovery
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. On track to achieve forecast for CY2011 of ~75,000oz production For personal use only at $620/oz cash cost, generating $40m surplus cashflow in 2011 2. D bt f (minor Debt-free ( i equipmenti t HP) HP), un-hedged, h d d $35 $35m cash/bullion h/b lli iin bank and
Slide 15: Ten Reasons to Follow Northern Star
Ten Reasons to Follow Northern Star 7. Significant Si ifi t exploration l ti potential t ti l with ith a $20M program over the th For personal use only next 12 months 8 8. Strong cashflow and balance sheet means NST is ideally placed to capitalise on falling asset values/bear market conditions 9. Hi
Slide 16: Bill Beament, Managing Director
For personal use only Bill Beament B t Managing Director www.nsrltd.com [email protected] (08) 6241 1866
Slide 17: Appendix
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
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