Northern Star Resources Ltd · ASX:NST
Northern Star Resources — BMO Global Metals, Mining & Critical Minerals Conference 2023
16 slides from Northern Star Resources's conference presentation, Feb 27, 2023
Slide 1: BMO Global Metals, Mining & Critical Minerals Conference
For personal use only Business First BMO Global Metals, Mining & Critical Minerals Conference February 2023
Slide 2: Forward Looking Statements, Reserves and Resources
Forward Looking Statements, Reserves and Resources Forward Looking Statements For personal use only 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, completene
Slide 3: World class gold assets in Tier-1 locations
World class gold assets in Tier-1 locations For personal use only Generate superior returns Responsible producer Pogo Profitable growth Yandal Kalgoorlie Strong cash flow generation World-class assets 100% +6,000 ASX 50 GOLD PEOPLE MARKET INDEX 3
Slide 4: 1H FY23 financial overview
1H FY23 financial overview For personal use only A$ 633M A$ 467M A$ 145M Underlying EBITDA Cash Earnings Net Cash Capital A$ 127M / $300M 11cps A Management Share buy-back Declared interim progress dividend Cash Earnings is defined as Underlying EBITDA less sustaining capital, net interest paid and
Slide 5: Well-positioned for a strong finish to FY23
Well-positioned for a strong finish to FY23 For personal use only FY23 guidance 1,560 – 1,680koz Gold Sold A$ 1,630 – 1,690/oz AISC We have the portfolio, people & strategy to deliver 5
Slide 6: Delivering on our commitments
Delivering on our commitments For personal use only Capital efficiency 5yr avg 20% ROE Dividends Ranked #1 global gold peers Approximate 11% ROIC Buy-back FY23 Cash Uses Growth Capex Ranked #8 global gold peers 1yr avg 25% TSR Exploration Ranked #2 global gold peers 6 Source: Bloomberg 17 Feb 2023.
Slide 7: Five-year profitable growth plan - low risk delivery
Five-year profitable growth plan - low risk delivery For personal use only FY22 FY23 FY24 FY25 FY26 1.56Moz 1.56-1.68Moz SUSTAINABLE BUSINESS KCGM Fleet Increase KCGM material movement to 80-100Mtpa 1,100koz Kalgoorlie Delivery Fimiston South ramp up; Increased access to Golden Pike KCGM 650koz 3–
Slide 8: Exploration
Exploration For personal use only Ore Reserves* Mineral Resources* 9% 14% 19% Kalgoorlie Kalgoorlie 20.7 Yandal Pogo 18% 56.4 Yandal Moz Moz 68% Pogo 72% + 10YR A$ 24/OZ Reserve backed Cost of Resource production profile Addition 8 * Annual Mineral Resources and Ore Reserves as at 31 March 2022.
Slide 9: KCGM: A globally significant mine
KCGM: A globally significant mine For personal use only 100% 27Moz Ownership Mineral Resource 650Mozpa 12Moz By FY26 Ore Reserve +30% ~30% Production growth Reserve increase from FY22 to FY26 since ownership *Refer to ASX announcement entitled ‘Acquisition of Newmont Goldcorp’s 50% Interest in KCGM
Slide 10: Evaluating KCGM mill expansion aligns to our strategy
Evaluating KCGM mill expansion aligns to our strategy For personal use only RESPONSIBLE PROFITABLE STRONG WORLD CLASS GENERATE PRODUCER GROWTH CASH FLOW ASSETS SUPERIOR GENERATION RETURNS Supports social Up to +200kozpa KCGM pathway to Growth and Increased Free investment gold production1
Slide 11: Yandal: Benefits from scale
Yandal: Benefits from scale For personal use only 3Mtpa 6Mtpa 3Mtpa 9Mtpa Thunderbox mill expansion Jundee Yandal Orelia open pit TBO mill expansion Value ~A$100/oz Processing savings Growth Lower cost improves regional optionality Strategy ~A$50/oz Regional savings 11
Slide 12: Pogo: A decade ahead of high grades
Pogo: A decade ahead of high grades 3.0m @ 16.7g/t For personal use only 7Moz Goodpaster Resource Growth 5.9m @ 56.6g/t Mineral Resource Central Veins 2Moz North Zone East Deep Fun Zone Ore Reserve ~125% Liese Veins Reserve increase* South Pogo 2.0m @ 44.1g/t 12 *Refer to ASX announcement entitled ‘
Slide 13: Our commitment to being a responsible producer
Our commitment to being a responsible producer For personal use only Respectful and Industry leading Growing our inclusive culture safety team skills Connecting with our community 13
Slide 14: Advancing our lower carbon emission journey
Advancing our lower carbon emission journey For personal use only Northern Star 2030 Emissions Reduction Pathway 978kt CO2-e 35% Lower Emission Target 2022 Yandal Pogo Kalgoorlie 2030 Near term project pipeline 14 References to carbon emissions are for absolute scope 1 and 2 only.
Slide 15: Executing our clearly defined strategy
Executing our clearly defined strategy For personal use only RESPONSIBLE PROFITABLE STRONG WORLD CLASS GENERATE PRODUCER GROWTH CASH FLOW ASSETS SUPERIOR GENERATION RETURNS 15
Slide 16: Northern Star Resources Limited
Northern Star Resources Limited ASX Code: NST For personal use only Business First. Investor Enquiries: Sophie Spartalis T: +61 8 6489 2488 E: [email protected] W: www.nsrltd.com 16
Northern Star Resources — BMO Global Metals, Mining & Critical Minerals Conference 2023 on 6ix