Northern Star Resources Ltd · ASX:NST
Northern Star Resources — Investor Presentation (October 2006)
31 slides from Northern Star Resources's investor presentation, Oct 26, 2006
Slide 1: Slide 1
Slide 2: Disclaimer
Disclaimer This presentation is provided by Northern Star Resources Ltd (‘NST”) subject to the following terms (a) and conditions: this presentation does not purport to contain all the information that may be required to evaluate an investment in NST and, in particular, may not contain all such info
Slide 3: Executive Summary
Executive Summary a e Focused on under-explored east Kimberley region of WA. e Multi-commodity exploration portfolio including zinc/ copper/gold/uranium/nickel/PGE projects covering 3400km2. e Advancing newly discovered epithermal gold/silver Wilson River project with high grade drill results includ
Slide 4: Corporate Structure
Corporate Structure « ASX Code — NST (Listed 12/03 following IPO raising S6M) * Listed Shares — 51.4M ¢ Unlisted Options _ 19.4M (13.4M @ 25e 17/12/06, 5M @ 20c 17/12/08, 1M various) ¢ Share Price- 14.5 cents ¢ Cash - $1 AM (30/06/06) * Major Shareholders — «Jubilee (13.2M shares 25.7%) *Directors a
Slide 5: Proven Management Team
Proven Management Team ab Successful record in discovering and developing mineral resources. e Christopher Rowe (Non Exec Chairman) Barrister and solicitor - previous chairman or director of a number of public listed mining and oil and gas related companies in both Australia and North America e Char
Slide 6: Project Area Location
Project Area Location Why The East Kimberley ? - relatively under-explored - highly prospective geology - hosts major mineral deposits - cohesive ground position supcant intmertey 2 ante Erato 3 J attiCreat
Slide 7: East Kimberley Projects
= = East Kimberley Projects a i . eg OA Large Regional = oor ye Ground Position eae oo : ; a f (3,400km2) Y Multi Commodity 3 ie ae a ee af = Argyle Diamond Mine (A) SoS . / = sok Sally Malay (©) 3.4Mt at 1.56%Ni, 0.72% Cu, 0.1% Co . Panton Sill (PA) 4.5Moz ~75Mt at 0.8g/t Pt, 0.9g/t Pd, 0.2% Ni . o
Slide 8: Gold Projects
Gold Projects Wilson River Group New Epithermal Province * Range Prospect Early Drilling Dunham Project * Hunter Prospect Rock chip sampling: Argyle Diamond Mine (A) Sally Malay (©) 3.4Mt at 1.56%Ni, 0.72% Cu, 0.1% Co Panton Sill (PA) 4.5Moz ~75Mt at 0.8g/t Pt, 0.9g/t Pd, 0.2% Ni Palm Springs (PS) 2
Slide 9: Wilson River Group Project
Wilson River Group Project e Confirmation of new epithermal province e High grade gold and silver values in drilling and rock chips e Further areas / anomalies to follow up e District first mover and significant regional ground position
Slide 10: Regional Exploration
Regional Exploration ¢ 450 km of potential host rocks e Early exploration concentrated on Range prospect e Systematic evaluation commenced last year 10
Slide 11: located . of R ng
located . of R ng
Slide 12: Wilson River - Range Prospect
Wilson River- Range Prospect e No gold mineralisation previously documented in the area e Up to 40.84 g/t Au & 13.3 g/t Ag from rock chips of quartz veining e Gold anomalous veins within a corridor 2 km x | km e High level/epithermal vein quartz textures SS ae 17. 79git Au” iB (4. Salt Ag) es am yee
Slide 13: Early RC drilling
e Early RC drilling First Phase 20 holes for 1,214m 2nd Phase 33 holes for 1,789m (Most holes less than 80m) e Outstanding 5m @ 15.08¢/t Au and 34.94¢/t Ag from 23m in first drilling e Diamond drilling completed to characterise quartz/mineralisation
Slide 14: Multiple phases of veining
Multiple phases of veining with strong alteration and visible gold in core
Slide 15: Porphyry-Epithermal Deposit Model
Porphyry-Epithermal Deposit Model 4 < EAST KIMBERLEY. REGION : WESTERMW AUSTRALIA -PORPHYRY - EPITHERMAL DEPOSIT MODEL: CMNTER SUBLIMATES _ tay cena Hg, Sb, As, SW : occ ne : RALEO- ~gurrace (GARREN GAP), cokes ; Ag = taa', “| PRECIOUS | : BAST ~ METALS. KIMBERLEY. : . . . EROSION La Ag Au ~ 4044 (
Slide 16: Bonanza grades in shoots
¢ Bonanza grades in shoots ¢ Shoots often not outcropping at surface ¢ Critical to understand geometry of system
Slide 17: Queensland Epithermals-Cracow
> | Queensland Epithermals-Cracow LEGEND a) Precipice Sandstone Gaver (a Back Creek Group SOVEREIGN SHOOT Inforred Resource au EB avare tote CROWN SHOOT inferred Resource ROYAL SHOOT inferred Resource | 590,00002 F Sedimentary Holdings 2006 Presentation 17
Slide 18: Queensland Epithermal Deposits
> | Queensland Epithermal Deposits Sedimentary Holdings 2006 Presentation 18
Slide 19: Pajingo (Qld Epithermal)
ajingo (Qid Epithermal)3) At Same Scale Range _ ; sie "paw sania sec ona a re ca cae ce ee 8 é ae rN a Pajinge ~ ald Plan ye a tf & pie on Modified after lan Butler, Tim Murphy and Jennifer Parks, 2000
Slide 20: Systematic stream sediment sampling
e Systematic stream sediment sampling ~ new areas identified e Quartz vein mapping ~ new veins located late last year e Drill testing of new targets scheduled for this year Lg yaa on CORED NRE: 20
Slide 21: Gold Projects
Gold Projects Wilson River Group New Epithermal Province Dunham Project * Hunter Prospect Rock chip samplin * ~80km NE of Range ¢ Same host rocks as at Wilson River Project Argyle Diamond Mine (A) Sally Malay (°°) 3.4Mt at 1.56%Ni, 0.72% Cu, 0.1% Co Panton Sill (PA) 4.5Moz ~75Mt at 0.8g/t Pt, 0.9g/t
Slide 22: Hunter Prospect
HUNTER PROSPECT —_ se * Epithermal Style Quartz Veins | - Up to 400m long Te, Ve y a i A ail a 8 * 50.65¢/t Au -10.4¢/t Ag from rock chip sampling * Very Encouraging — . . early days : el * Multiple geological ?? events * Drilling after further sampling Looms ee
Slide 23: Red Billabong Project
Red Billabong Project Zinc /Nickel / PGE Project “eS ty Li New PGE and Base Metal mm ignhveros Ses : . . . East Kimberley Nickel.” Minceralisation Identified Hil “Halls Creek 0 Oe 9 50km Argyle Diamond Mine (A) ae : Sally Malay (:::) 3.4Mt at 1.56%Ni, 0.72% Cu, 0.1% Co oa a Panton Sill (PA) 4.5Moz ~
Slide 24: Red Billabong Project
Red Billabong Project * Extensive cover - largely unexplored - poorly tested intrusives rok tai Metémorpnic Fick * Base Metal mineralisation identified by drilling eg 6m @ 4.1% zinc; 6m @ 4.4% zine; 7.9 metres @ 7.4% zinc. * Newly discovered PGE mineralisation * Six prospective areas in north to be
Slide 25: Southern Area
Southern Area OO ATEea) | * Base metal : : | Le Mineralisation Hn ESE Emull Base Metal Skarn (rc Holes) : 21m @ 1.88% Zn from 44m (incl 6m @ 4.43% Zn) | a 15m @ 2.46% Zn from 27m (incl 6m @ 4.12% Zn) , ee 16m @ 1.09% Zn from 3m (inc! 4m @ 3.89% Zn) | : ! oF he Emull West (Aircore dritling). : : 15m
Slide 26: Emull Zinc
Emull Zinc LEGEND Cover.” GEWA cilerip geology Gabbrs 4 Mebenonphie cocks | eae Interpreted Ereull mineralisation . em NAT Adult hole ARO Historie ~ Dlamogel aril hele - : oan : . aye ‘Red Billabong Project Emull Prospect
Slide 27: Exploration Focus
Exploration Focus Dec- m-—Range | $880,000 °2007 — 2,400m | -Not Yet Granted $310,000 “2007 - 1,000m *Dec-1000m $575,000 °2007 — 2,600m $170,000 * Indicative Numbers Only — Based on Full Capital Raising 27
Slide 28: The NST Advantage
The NST Advantage e Experienced board with proven record of success e High grade gold targets, new epithermal province e Extensive ground holdings covering under-explored mafic- ultramafic host rocks - New PGE mineralisation - Ni Mineralisation e Zinc Mineralisation - Emull e $1.4 million cash (end
Slide 29: Appendices
Appendices 29
Slide 30: Red Billabong Project - Northern Area
Red Billabong Project- Northern Area rN * Moola Bulla Complex 15 x 3 km poorly outcropping intrusive * Six new areas Nickel 1 20m @ 0.17% Ni 4 40m @ 0.10% Ni 5 30m @ 0.16% Ni Zn / Base Metals 2 12m @0.1%Za, 0.12% Pb 3 3m @ 0.08%Cnh, 0.25% Pb
Slide 31: Dunham Project Tenement Locations
esate Pret Hscearnny ure Mates Ciencia, oper bia oun wn ‘Hvbeasin late es ie eo _ BAST RIMBERLEY NORTHERN STAR RESOURGSS LID am Dunham Project oo ‘ ame x sujaaiy ; TENEMENT LOCATIONS a vs LOCATION
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