Northern Star Resources Ltd · ASX:NST
Northern Star Resources — BAML Global Metals, Mining & Steel Conference - May 2018
17 slides from Northern Star Resources's conference presentation, May 15, 2018
Slide 1: An Australian gold miner – for global investors
For personal use only An Australian gold miner – for global investors BAML Global Metals, Mining & Steel Conference - May 2018
Slide 2: Disclaimer – Competent Persons Statements
Disclaimer Competent Persons Statements The information in this announcement that relates to exploration results, data quality, geological interpretations and Mineral Resource estimations for the Company’s Project areas is based on information compiled by Darren Cooke, a Competent Person who is a Me
Slide 3: Introduction – Globally Relevant Gold Miner
Introduction – Globally Relevant Gold Miner ASX 100, top 25 global gold producer with all mines in Western Australia; ~550koz per annum For personal use only at an AISC of ~A$1,025/oz* (US$770/oz) Paulsens Operations +3Moz Gold Camp Central Tanami Project Market cap is A$4.1B, with a sector-leading
Slide 4: A proven track record of outperformance
A proven track record of outperformance Over the last 5 years Northern Star has outperformed both the US Gold Price and its GDX Indexed Top 50 For personal use only gold mining listed peers significantly NST Share Price vs GDX Gold Miners Index and Gold Price 700 405% 600 500 400 300 200 100 -21% -4
Slide 5: Organic growth - delivering returns to Shareholders
Organic growth - delivering returns to Shareholders NST has been able to consistently grow production, resource and reserve life on a per share basis for its For personal use only Shareholders since 2010 In FY2017 Reserves were added at a cost of just A$24/oz and delivered a 10 year mine life visibi
Slide 6: Organic growth - delivering returns to Shareholders
Organic growth - delivering returns to Shareholders This strategy of organic growth has generated over A$3.36B of value for Shareholders since NST’s first gold acquisition in 2010 and only 8% of this value uplift has been from equity raised For personal use only NST has achieved this through operati
Slide 7: Sector leading ROIC and Total Capital Returns
Sector leading ROIC and Total Capital Returns NST over the past five years has delivered the highest total capital return and return on invested capital of its For personal use only peers in the GDX and is well positioned to maintain this track record Whilst continuing to achieve these sector leadin
Slide 8: Sector leading profitability and lowest quartile capital intensity
Sector leading profitability and lowest quartile capital intensity NST is positioned well to continue to deliver sector leading EBITDA margins compared to its GDX peers For personal use only The business stands to benefit by growing production with some of the lowest levels of capital intensity in t
Slide 9: Allocation of Capital- the key to NST’s success
Allocation of Capital- the key to NST’s success NST’s allocation of capital has been sector leading and the business model has allowed for NST to deliver on all fronts; this approach has delivered sector leading returns for its Shareholders For personal use only Organic Growth Dividends & TSR Inorga
Slide 10: Growth around our WA Assets has been the core focus
Growth around our WA Assets has been the core focus Globally there are only 17 mines (down from 23 in 2017) producing over 300kozpa in Tier 1 mining jurisdictions; production is declining in these regions due to a lack of discoveries and significant Reserve depletion For personal use only NST has tw
Slide 11: Jundee restored to world class status: Life beyond 3Moz
Jundee restored to world class status: Life beyond 3Moz FY2018 Guidance 245,000-265,000oz For personal use only at an AISC of A$950-A$1,000/oz (US$712-US$750/oz) Growing production to a 300,000ozpa within the next two years The Zodiac high-grade discovery at Jundee was recently announced and is not
Slide 12: Kalgoorlie Operations: growing production to 300koz per annum
Kalgoorlie Operations: growing production to 300koz per annum FY2018: Guidance 245,000-265,000oz at an AISC of For personal use only A$1,000-A$1,050/oz (US$750-US$787/oz) FY17 Resources of 4.5Moz up 25% and Reserves of 2Moz up 117%, despite depletion of 229koz Organically growing to 300,000ozpa run
Slide 13: South Kalgoorlie Acquisition: Pathway to 300kozpa secured
South Kalgoorlie Acquisition : Pathway to 300kozpa secured NST acquired from Westgold its 1.2Mtpa processing facility to boost capacity at Kalgoorlie Operations, consideration For personal use only was A$80M, comprising of A$60M in shares & A$20M cash Processing infrastructure has a replacement cost
Slide 14: Central Tanami Project “CTP”: Emerging Growth Region
Central Tanami Project “CTP”: Emerging Growth Region The Tanami region is an exciting new area that is For personal use only rapidly developing a reputation for major gold discoveries The CTP has produced 2.1Moz, an average of 120kozpa, from open pit mining to a depth of <125m Production ceased afte
Slide 15: Northern Star Innovation & Technology – a strategic advantage
Northern Star Innovation & Technology – a strategic advantage Northern Star is committed to continue expanding on our specialist underground mining, geology and processing capability – significant opportunities exist to leverage these For personal use only disciplines for future growth NST will inve
Slide 16: Northern Star: Now ticking every box
Northern Star: Now ticking every box Superior financial returns: 3-year average 35% Return on Equity and 28% Return on Invested For personal use only Capital and a 5-year TSR average of 186% High quality assets: 10-year mine life visibility; two mines capable of producing 300,000ozpa each within thi
Slide 17: Northern Star Resources – Contact Details
For personal use only Northern Star Resources An Australian gold miner – for global investors Contact Details: Luke Gleeson – Investor Relations +61 8 6188 2100 Email – [email protected] Website – www.nsrltd.com 17
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