Full Year 2023 Northern Star Resources Ltd Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Levi Spry - UBS Investment Bank, Research Division - Analyst : A couple of simple ones, I think. Firstly, just on the write back up of the low-grade stockpiles at the Super Pit. Can you just remind us of the physicals there? What sort of tonnes and grade are we thinking? And is that already reflected in the reserve update?

Question: Levi Spry - UBS Investment Bank, Research Division - Analyst : Right. And so there's no other desktop wins to be had there, I guess? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. AUGUST 23, 2023 / 11:00PM, NST.AX - Full Year 2023 Northern Star Resources Ltd Earnings Call

Question: Levi Spry - UBS Investment Bank, Research Division - Analyst : Yes. Great. And just an operational question. So 3 shuts across your hubs this quarter. Can you give us an update on how they've gone?

Question: Daniel Morgan - Barrenjoey Markets Pty Limited, Research Division - Analyst : I just wanted to follow up on the stockpile question that Levi had. I guess, what are the broader implications from the mill expansion regarding the in-pit reserves? I imagine -- have you applied the new cost structure to your in-pit reserves? And should we expect upgrades over time from conversion of inferred resources and even mineralized waste?

Question: Daniel Morgan - Barrenjoey Markets Pty Limited, Research Division - Analyst : Yes. Okay. And maybe more an accounting question for Ryan with regard to the write-back. If I've heard correctly, it's been written back to the fair value assumption, which was made at the Saracen acquisition. And I imagine there's additional margin over and above the number that you've written back onto the balance sheet. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. AUGUST 23, 2023 / 11:00PM, NST.AX - Full Year 2023 Northern Star Resources Ltd Earnings Call

Question: Daniel Morgan - Barrenjoey Markets Pty Limited, Research Division - Analyst : And then just a little bit of interest in that buyback being extended. What is your management team's view on how to deploy that buyback because obviously you haven't been active in the market in recent months. What would cause you to change -- this an opportunistic buyback where there's a trigger on share price weakness or something of that nature. What would cause you to trigger to actually buy back stock?

Question: Alexander Barkley - RBC Capital Markets, Research Division - Analyst : Another quick one on the KCGM inventory write back. Is that going to be depreciated or non-cash cost? And if so, would that have an impact on the guidance you put out in FY '24 or the longer steady state or in sustaining cost number?

Question: Alexander Barkley - RBC Capital Markets, Research Division - Analyst : Okay. So it would be outside of that AUD 1,425 long-term guidance you put out?