Northern Star Resources Ltd · ASX:NST
Northern Star Resources — Non-Deal Roadshow (November 2023)
16 slides from Northern Star Resources's roadshow presentation, Nov 27, 2023
Slide 1: European Investor Roadshow November 2023
For personal use only European Investor Roadshow November 2023
Slide 2: Forward looking statements and disclosures
Forward looking statements and Forward Looking Statements For personal use only Northern Star Resources Limited has prepared this announcement based on information available to it. No disclosures 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 _ generate superior returns For personal use only 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 a global gold leader
Northern Star _ a global gold leader For personal use only STRENGTH FROM SIMPLICITY 100% GOLD ALASKA Pogo LARGE AUSTRALIA 1.6Moz +6,000 Yandal FY23 GOLD SOLD PEOPLE Kalgoorlie LIQUID ASX 50 A$13B A$69M MARKET INDEX MARKET CAP DAILY TURNOVER* 4 *Source: Bloomberg. Average daily trade value in A$ over
Slide 5: Our commitment to create value: FY23 highlights
Our commitment to _ create value For personal use only FY23 highlights 1,563koz A$ 1,759/oz A$ 1.5B Gold Sold AISC Underlying EBITDA A$ 362M A$ 127M A 26.5cps Net Cash Share buy-back Dividends 5 Underlying EBITDA is Revenue ($4,131M); less cost of sales excluding D&A ($2,473); less corporate overhea
Slide 6: Financial flexibility from a strong balance sheet
Financial flexibility from a _ strong balance sheet For personal use only A$ 1.2B Cash and Bullion Disciplined approach maintained throughout the cycle A$ 300M As at 30 Sept 1.0B Share buyback 1.5B A$ 2.2B A$ FY23/FY24 A$ Undrawn Net cash position Capital debt facility supports organic Management Li
Slide 7: Our commitment to our profitable growth plan
Our commitment to _ our profitable growth plan For personal use only 2.00Moz 1.8-2.2Moz SUSTAINABLE 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 1.60Moz GOLD SOLD YANDAL 600koz 1st Half Realising full p
Slide 8: KCGM production growth
KCGM production growth _ Oroya Brownhill (East Wall) cutback For personal use only 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 9: Prudent cash deployment to the highest returning project
Prudent cash deployment to the _ highest returning project For personal use only 13Mtpa 27Mtpa Fimiston Processing Plant Post-tax IRR Post-tax Payback Strong Balance Sheet A$2,600/oz gold price A$2,600/oz gold price throughout build phase Net 19% 4.6yrs Cash 9
Slide 10: Capital investment de-risking cost profile
Capital investment _ de-risking cost profile For personal use only 2023 Global Gold Cost Curve KCGM MILL EXPANSION 2,250 2,000 1st 2nd 3rd 4th 900kozpa FY29 Quartile Quartile Quartile Quartile steady state 1,750 KCGM Gold Sold 1,425/oz A$ 1,500 1,250 KCGM AISC AISC (US$/oz) 1,000 3rd Quartile NORTHE
Slide 11: Organic growth across the Group: geology a key value driver
Organic growth across the Group _ geology a key value driver For personal use only 20.2Moz 57.4Moz Ore Mineral Reserves Resources + 10YR A$ 31/OZ Reserve-backed Cost of Resource production profile additions 11
Slide 12: KCGM a key global gold asset
KCGM _ a key global gold asset For personal use only 28Moz Mineral Resource 12Moz Ore Reserve +20Years Mine Life 65Moz gold mined over 130 years 12
Slide 13: Yandal hub strategy
Yandal _ hub strategy For personal use only 14Moz Yandal gold mined over 30 years 9.8Moz 3.8Moz 9Mtpa MILLING Mineral Resource Ore Reserve CAPACITY Jundee 5.4Moz 1.5Moz 3Mtpa 3.6g/t MILLING Mineral Resource Ore Reserve CAPACITY Thunderbox 4.4Moz 2.3Moz 6Mtpa 1.8g/t MILLING Mineral Resource Ore Reser
Slide 14: Pogo preparing for the next decade
Pogo _ preparing for the next decade For personal use only 7.3Moz High-grade Resource +10g/t; Reserve at Mineral Resource 8.5g/t Lowering costs through 1.6Moz Ore Reserve growth and optimisation In-mine and near regional +10Years Mine Life opportunity 4.8Moz gold mined over 17 years 14
Slide 15: Our journey to sustainable mining
Our journey to _ sustainable mining For personal use only 1.0 LTIFR Net Zero below industry average ambition for Scope 1 & 2 Safety performance emissions by 2050 Relative to 1 July 2020 baseline (931kt CO2-e) Zero 35% materially adverse incidents targeted reduction in Scope 1 & 2 emissions by 2030 N
Slide 16: Northern Star a global gold leader
Northern Star _ a global gold leader For personal use only FY26 2Moz Profitable Growth Strategy 50% complete KCGM Mill Expansion build started Fully funded Investor Enquiries: Dividend policy maintained Sophie Spartalis T: +61 8 6489 2488 Geology drives organic E: [email protected] value
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