Investor Presentation - KCGM Site Visit

Open PDF
Stock Northern Star Resources Ltd (NST.ASX)
Release Time 4 Aug 2025, 8:20 a.m.
Price Sensitive Yes
 Investor Presentation - KCGM Site Visit
Key Points
  • Continue to unlock full potential of KCGM with open pit and underground mines
  • Multiple independent ore sources to lower delivery risk
  • Significant long-term geological potential
  • Mill Expansion construction on track, no interruption to operational cash flow
Full Summary

Northern Star Resources Ltd has provided an investor presentation on its KCGM operations, a key global gold asset that contributed 419koz of gold sold in FY25. The presentation covers several key aspects of the KCGM operations:The KCGM asset overview highlights the open pit, underground, and stockpile ore sources that feed the existing 12Mtpa Fimiston processing plant, which is being expanded to 27Mtpa by FY29. The expansion project is on track, with the capital cost breakdown and construction progress detailed.The presentation outlines the FY26 production and cost guidance for KCGM, as well as the growth capital expenditure plans for the mill expansion, tailings storage facilities, and operational development to enable future high-grade ore feed.The open pit and underground mining strategies are discussed, including the East Wall Remediation, Golden Pike North, and the growing multiple underground mining fronts at Mt Charlotte and Fimiston. The company's internal mining services provider, Northern Star Mining Services, is highlighted as a strategic advantage.Significant focus is placed on the geological potential of KCGM, with a 104% increase in Mineral Resources and 48% increase in Ore Reserves since acquisition. The exploration plans for FY26 are outlined, targeting near-term growth opportunities and resource conversion.The presentation concludes with a summary of the key strategic advantages of the KCGM asset and Northern Star's plans to continue unlocking its full potential.

Guidance

FY26 Group guidance:- Gold Sold: 1,700-1,850koz- AISC: A$2,300-2,700/oz- Growth Capital Expenditure: A$1,140-1,200M (includes A$530-550M for KCGM Mill Expansion Project and A$315-370M for KCGM Mill Operational Readiness)