Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Australia
  4. Australian Stock Exchange
  5. Northern Star Resources Limited
  6. News
  7. Summary
    NST   AU000000NST8

NORTHERN STAR RESOURCES LIMITED

(NST)
  Report
Delayed Australian Stock Exchange  -  10:39:18 2023-01-26 pm EST
12.69 AUD   -0.12%
01/20Australian shares mark third straight weekly gain on resources boost
RE
01/19Morgan Stanley rates NST as Equal-weight
AQ
01/19Tanami Gold NL - DRILLING AT THE RIPCORD GOLD DEPOSIT YIELDS ENCOURAGING INTERCEPTS
AQ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Northern Star Resources Limited Announces Positive Progress from Its FY23 Exploration Program

11/14/2022 | 04:21pm EST

Northern Star Resources Limited announced positive progress from its FY23 exploration program, designed to support the Company's five-year profitable growth strategy. Northern Star will provide an Annual Mineral Resource and Ore Reserve Statement ended 31 March 2023 in 2H23. KALGOORLIE OPERATIONS: The Kalgoorlie region of Western Australia's Goldfields has been a prolific region for gold production and exploration success.

Northern Star's ongoing exploration investment in this highly prospective region continues to deliver strong drilling results, driving continued growth in mine production profiles at KCGM and the Kalgoorlie region. KCGM Operations: Fimiston North: Drilling from the Golden Pike underground drill drive has continued at Fimiston North with the current phase of drilling designed on a 200m x 200m grid pattern to test the northern extensions of known lodes from the Fimiston open pit. The initial drill program has successfully overcome the technical challenges of drilling through numerous historical voids to intersect mineralised target structures, creating a significant opportunity to test larger areas around historical mining areas.

Significant intersections of "Fimiston-style" gold mineralisation characterised by quartz veinlets associated with shearing and tellurides, occur both on the hangingwall and footwall margins of these voids as well as in intact "virgin" lodes. The continuing drilling program is infilling the drill spacing to a 100m x 100m grid pattern to further refine geology, resource potential and the extent of void models in this highly prospective area. Significant Fimiston North underground drilling intersections received include: Significant drill results include: All widths are estimated true width: FNUD0049: 4.7m @ 22.9g/t; FXGD02B2: 10.2m @10.2g/t, 13.4m @2.0g/t; FNUD0050: 13.8m @ 3.0g/t, 2.3m @ 13.5g/t; FNUD0040: 7.28m @ 6.7g/t, 3.35m @ 9.8g/t, 4.41m @ 6.4g/t, 8.7m @ 2.6g/t, 3.6m @ 3.3g/t; FNUD0038: 7.5m @ 4.1g/t, 0.56m @ 54.8g/t; FNUD0062: 0.38m @ 66.3g/t, 8.68m @ 3.2g/t; Fimiston South Open Pit: The Fimiston South cutback encompasses the southern end of the world-class `Super Pit' on the Golden Mile deposit in Kalgoorlie.

The current existing pit design for the Super Pit includes an Ore Reserve of 104Mt @ 1.7g/t for 5.9Moz (at 31 March 2022) as well as a significant Inferred Mineral Resource. Recent surface and in-pit drilling programs have continued to target these Inferred Resource areas to confirm the continuity of mineralised lodes and upgrade these areas, potentially adding significant ore reserves not currently in the mine plan. Drilling continues to outline significant zones of Fimiston-style mineralisation together with several quartz stockwork zones analogous to Mt Charlotte-style mineralisation.

The ongoing drilling campaign is successfully defining these zones to enhance the geological interpretation and confirm grade continuity of the Inferred Resource areas. Significant Fimiston South drilling intersections received include: Significant drill results include: All widths are estimated true width: CTGD052A1: 8.2m @ 9.6g/t, 4.5m @ 23.2g/t; HOGD038: 7.8m @ 9.8g/t, 5.4m @ 3.5g/t, 5.0m @ 3.6g/t; MA04069: 6.6m @ 5.6g/t; CTGD052C1: 6.5m @ 4.9g/t, 3.3m @ 3.9g/t, 6.0m @ 2.8g/t; HMGD042: 8.94m @ 5.5g/t, 2.95m @ 3.8g/t; Mt Charlotte - Maritana Orebody: The Maritana Orebody (MOB) is part of the existing Mt Charlotte underground operation located 3km north of the Fimiston processing plant. The MOB is separated from the Reward (ROB) and Charlotte (COB) orebodies by the Maritana Fault.

Gold mineralisation occurs in broad (15 to 20 metres wide), shallow and steeply dipping quartz stockwork vein sets developed within the Golden Mile dolerite units that are suited to bulk mining methods such as sub-level caving. Recent underground drilling from the 1790 Level targeting the southern extents of the lower MOB, has returned highly encouraging results identifying a significant new lower zone of gold mineralisation north of the Golden Pike Fault.


ę S&P Capital IQ 2022
All news about NORTHERN STAR RESOURCES LIMITED
01/20Australian shares mark third straight weekly gain on resources boost
RE
01/19Morgan Stanley rates NST as Equal-weight
AQ
01/19Tanami Gold NL - DRILLING AT THE RIPCORD GOLD DEPOSIT YIELDS ENCOURAGING INTERCEPTS
AQ
01/18Transcript : Northern Star Resources Limited, Q2 2023 Earnings Call, Jan 19, ..
CI
01/18Tranche Update on Northern Star Resources Limited's Equity Buyback Plan announced on Au..
CI
01/17Australia shares end marginally lower as commodities drag
RE
01/16Australia shares hit 7-month peak on commodity, financial boost
RE
01/12Australian shares upbeat as U.S. data signals inflation slowdown
RE
01/11Australian shares rise on optimism ahead of U.S. inflation data
RE
01/10Commodity stocks lift Australian shares ahead of key inflation data
RE
More news
Analyst Recommendations on NORTHERN STAR RESOURCES LIMITED
More recommendations
Financials
Sales 2023 4 217 M 2 990 M 2 990 M
Net income 2023 407 M 289 M 289 M
Net Debt 2023 78,4 M 55,6 M 55,6 M
P/E ratio 2023 35,5x
Yield 2023 2,21%
Capitalization 14 604 M 10 355 M 10 355 M
EV / Sales 2023 3,48x
EV / Sales 2024 3,04x
Nbr of Employees 3 383
Free-Float 97,5%
Chart NORTHERN STAR RESOURCES LIMITED
Duration : Period :
Northern Star Resources Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends NORTHERN STAR RESOURCES LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Last Close Price 12,70 AUD
Average target price 12,05 AUD
Spread / Average Target -5,09%
EPS Revisions
Managers and Directors
Stuart Tonkin Chief Executive Officer, MD & Director
Ryan Gurner Chief Financial Officer
Michael Alfred Chaney Non-Executive Chairman
Steven McClare Chief Technical Officer
Simon A. Jessop Chief Operating Officer
Sector and Competitors
1st jan.Capi. (M$)
NORTHERN STAR RESOURCES LIMITED16.41%10 336
NEWMONT CORPORATION16.72%43 727
BARRICK GOLD CORPORATION14.09%34 621
AGNICO EAGLE MINES LIMITED11.39%26 417
WHEATON PRECIOUS METALS CORP.17.60%20 959
POLYUS0.00%16 362