Northern Star Resources Limited announcement

Northern Star Resources Limited (ASX: $NST) has provided an update on its KCGM Operations' Ore Reserves and Mineral Resources, confirming the continuation of material assumptions and technical parameters underpinning the estimates. The company's pathway to 650kozpa by FY26 and 900kozpa by FY29 remains on track, with a focus on high-grade Golden Pike North production and mill expansion.

Executive Commentary

The company is pleased to report that all critical project milestones for the KCGM mill expansion have been achieved, with primary contractor established on site and engineering 45% complete. The progress aligns with our strategic goal of delivering 650kozpa towards the Group's 2Moz profitable growth strategy by FY26. We are committed to maintaining operational readiness and anticipate significant developments in the first half of FY25, including CIL tank installation and major equipment shipment or onsite at KCGM.

Summary of Announcement

Northern Star Resources Limited's announcement highlights the progress and outlook for its KCGM Operations, with a focus on the mill expansion and production targets. The company remains on track to deliver 650kozpa towards the Group's 2Moz profitable growth strategy by FY26, with a pathway to 900kozpa by FY29. The KCGM mill expansion has achieved critical milestones, and the company anticipates significant developments in the first half of FY25. The announcement underscores the company's commitment to operational effectiveness, exploration, and active portfolio management, aligning with its purpose to generate superior returns for shareholders while providing positive benefits for stakeholders.