• KCGM, Northern Star's growth engine, with 104% increase in Mineral Resources and 48% increase in Ore Reserves since acquisition
• Pogo positioned for strong returns with consistent and reliable operational delivery
• Hemi Development Project, Northern Star's newest growth engine, enhances overall portfolio

Northern Star Resources Ltd's investor presentation covers its key growth strategies and operational updates. The presentation highlights KCGM, Northern Star's growth engine, which has seen a 104% increase in Mineral Resources and 48% increase in Ore Reserves since acquisition. The company is focused on executing its operating plans at KCGM, including the KCGM Mill Expansion Project, which is on track and within budget for FY27 commissioning. The presentation also covers the Yandal operations, with a strategic focus on cost reduction, and Pogo, which is positioned for strong returns with consistent and reliable operational delivery. Additionally, the presentation introduces the Hemi Development Project, Northern Star's newest growth engine, which enhances the company's overall portfolio through its tier-1 jurisdiction, material scale, and geological upside. The company is currently awaiting project approvals and optimizing design parameters for Hemi. Overall, the presentation showcases Northern Star's commitment to creating value through its major projects, cost reduction initiatives, and geological exploration to unlock future portfolio value.

KCGM is expected to produce 550-600koz in FY26, with the mill expansion forecast to deliver ~900kozpa from FY29 (10 years) at steady state. Pogo is targeting an annualized run-rate of 1.6Mtpa achieved in 4Q25.

Northern Star is focused on executing its operating plans at KCGM, optimizing Yandal operations, and advancing the Hemi Development Project, which is its newest growth engine. The company is committed to creating value through its major projects, cost reduction initiatives, and geological exploration to unlock future portfolio value.