Northern Star Resources Ltd · ASX:NST
Northern Star Resources — Macquarie Australia Conference 2024
20 slides from Northern Star Resources's conference presentation, May 7, 2024
Slide 1: Business First
For personal use only Business First Macquarie Australia Conference May 2024
Slide 2: Forward Looking Statements and Disclosures
Forward Looking Statements and Disclosures For personal use only Forward Looking Statements Northern Star Resources Limited has prepared this announcement based on information available to it. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or co
Slide 3: Our framework to generate superior returns
Our framework to _ For personal use only generate superior returns Our Purpose To generate superior returns for our shareholders Generate superior returns while providing positive benefits for our stakeholders through operational effectiveness, exploration and Strong cash flow generation active port
Slide 4: Northern Star commodity, jurisdictions, production centres
Northern Star _ For personal use only 1 commodity, 2 jurisdictions, 3 production centres 100% GOLD Pogo Tier-1 MINING JURISDICTIONS Yandal Kalgoorlie ASX 50 MARKET INDEX Our purpose is to generate superior returns for shareholders 4
Slide 5: Our commitment to our profitable growth plan
Our commitment to _ For personal use only our profitable growth plan SUSTAINABLE 2.00Moz 1.8-2.2Moz BUSINESS KALGOORLIE 1.1Moz 3–5 of which PRODUCTION CENTRES 1.75Moz KCGM 650koz KCGM 900koz to Grade increase at KCGM Mill Expansion 1.8–2.2Moz GOLD SOLD 1.60Moz YANDAL 600koz 1st Half Realising full p
Slide 6: Prudent cash deployment to the highest returning project
Prudent cash deployment to the _ For personal use only highest returning project FID gold price 13Mtpa 27Mtpa Spot gold price A$2,600/oz Fimiston Processing Plant A$3,500/oz Post-tax IRR Post-tax IRR 19% 26% Post-tax Payback Strong balance sheet Post-tax Payback and Net Cash position 4.6yrs 3.3yrs t
Slide 7: Capital investment de-risking cost profile
Capital investment _ For personal use only de-risking cost profile 2023 Global Gold Cost Curve KCGM MILL EXPANSION 2,250 2,000 1st 2nd 3rd 4th 900kozpa FY29 Quartile Quartile Quartile Quartile steady state 1,750 KCGM Gold Sold 1,425/oz A$ 1,500 1,250 KCGM AISC AISC (US$/oz) 1,000 3rd Quartile NORTHE
Slide 8: KCGM Expansion Project on track and progressing well
KCGM Expansion Project _ For personal use only on track and progressing well Major milestones ▪ All critical path enabling works completed; Construction areas progressively A$ 1.5B handed over to the Primary Contractor Capital Expenditure ▪ Two accommodation camps fully operational ▪ Major design re
Slide 9: Financial flexibility from a strong balance sheet
Financial flexibility from a _ For personal use only strong balance sheet Net Cash position Reinvesting for Disciplined approach supports organic growth to de-risk cost maintained strategy profile throughout the cycle Credit Facilities (at 31 Mar 2024) US$600M A$ 174M A$ 2.6B A$750M (undrawn) A$750M
Slide 10: Exploration underpins further organic growth opportunities
Exploration underpins further _ For personal use only organic growth opportunities 20.9Moz 61.3Moz Ore Mineral Reserves* Resources* + A$ 10YR 31/OZ Reserve-backed Cost of Resource production profile additions 10 *Annual Mineral Resources and Ore Reserves as at 31 March 2024
Slide 11: KCGM a key global gold asset
KCGM _ For personal use only a key global gold asset 32Moz Mineral Resources 13Moz Ore Reserves +20Years Mine Life 65Moz gold mined over 130 years 11
Slide 12: KCGM a dominant and growing asset
KCGM _ For personal use only a dominant and growing asset 31.6 26.3 27.3 28.3 Mineral 66% increase 19.0 Resources since acquisition* Resources 12.2 13.2 11.6 11.9 (Moz) 9.7 Ore 36% increase Reserves (Moz) Reserves since acquisition* 2020 2021 2022 2023 2024 12 *Refer to ASX Announcement titled “KCGM
Slide 13: KCGM underground exploration success
KCGM _ For personal use only underground exploration success 10Moz 2Moz Mineral Ore Resources Reserves Maiden Ore Reserve at Fimiston Underground declared of 0.8Moz at 2.2g/t FY25 planned development to provide additional drill platforms for continued exploration 13
Slide 14: KCGM production growth
KCGM production growth _ For personal use only Oroya Brownhill (East Wall) cutback 3Yrs 5Yrs KCGM: FY25-26 Lower Material Movement (Fimiston South Waste Elevated cutback only) Movement Gold Grades Strip ratio reduces to ~7:1 ▪ Expected completion late FY24 ▪ Enables access to ~1.6Moz gold ▪ 1.2Moz G
Slide 15: Yandal hub strategy
Yandal _ For personal use only hub strategy 14Moz YANDAL gold mined over 30 years 10.2Moz 3.4Moz 9Mtpa MILLING Mineral Resources Ore Reserves CAPACITY Jundee 3Mtpa Reserve grade 5.9Moz 1.3Moz 3.9g/t MILLING Mineral Resources Ore Reserves CAPACITY Thunderbox 4.2Moz 2.1Moz Reserve grade 6Mtpa 1.6g/t M
Slide 16: Thunderbox growing future feed sources
Thunderbox _ For personal use only growing future feed sources FY24 - FY25 +FY26 EXPLORATION FEASIBILITY DEVELOPMENT PRODUCTION MILL FEED PRODUCTION MILL FEED THUNDERBOX MINE THUNDERBOX THUNDERBOX D ZONE STOCKPILE A Zone 4Mtpa 2Mtpa Cutback THUNDERBOX THUNDERBOX UNDERGROUND UNDERGROUND Golder Sundow
Slide 17: Pogo preparing for the next decade
Pogo _ For personal use only preparing for the next decade 6.7Moz ▪ High-grade Resources 10.1g/t; Reserves at Mineral Resources 8.0g/t ▪ Lowering costs through 1.5Moz Ore Reserves growth and optimisation ▪ In-mine and near regional +10Years Mine Life opportunity 5Moz gold mined over 17 years 17
Slide 18: On track to deliver FY24 guidance
On track to deliver _ For personal use only FY24 guidance June quarter (4Q FY24) focus: FY24 UNITS KALGOORLIE YANDAL POGO TOTAL GUIDANCE Kalgoorlie: Gold sold koz 840 - 900 500 - 570 260 - 280 1,600 - 1,750 ▪ At KCGM, higher milled tonnes and grade from AISC A$/oz 1,640 - 1,710 1,930 - 1,960 2,150 -
Slide 19: Our journey to sustainable mining
Our journey to _ For personal use only sustainable mining 0.5 LTIFR Net Zero below industry average ambition for Scope 1 & 2 Safety performance as at 31 March 2024 emissions by 2050 Relative to 1 July 2020 baseline (931kt CO2-e) Zero 35% materially adverse incidents targeted reduction in Scope 1 & 2
Slide 20: Northern Star a global gold leader
Northern Star _ For personal use only a global gold leader FY26 2Moz Profitable Growth Strategy KCGM Mill Expansion on track Investor Enquiries: and fully funded Sophie Spartalis T: +61 8 6489 2488 Geology drives organic E: [email protected] value creation W: www.nsrltd.com 20
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