Q1 2022 Northern Star Resources Ltd Activities Report Call Transcript

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

Question: Daniel Morgan - Barrenjoey Markets Pty Limited, Research Division - Analyst : Sorry, I was on mute. So Pogo, I was just wondering if I could understand a bit more of what was happening in the mine. And my impression is you don't have a lot of stockpile capacity. So I imagine the mill outage and conveyor change over meant that you couldn't really mine as much. Just trying to understand, was the mine productivity on an underlying basis, much better than the 840,000 tonne per annum rate implied by the quarter.

Question: Daniel Morgan - Barrenjoey Markets Pty Limited, Research Division - Analyst : Okay. Understand. And just wondering if you could disclose the development meters during the quarter. I don't see this in the report and would just be good to understand what was happening on the development rate if you had a bigger focus on it during the quarter.

Question: Daniel Morgan - Barrenjoey Markets Pty Limited, Research Division - Analyst : Okay. And I noticed you're very active on your hedge book. You delivered a lot, but also added more to the book. Just what's your strategy here? And what are we what can we expect going forward? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. OCTOBER 19, 2021 / 12:00AM, NST.AX - Q1 2022 Northern Star Resources Ltd Activities Report Call

Question: Levi Spry - UBS Investment Bank, Research Division - Analyst : Good morning, everyone, and thanks for the call. Just on the KCGM expansion project, big value driver fees, I think, during the June quarter. Can you just remind me what kind of work you are doing here? What key inputs are and what we can expect to see along the way leading up until the fees?

Question: Levi Spry - UBS Investment Bank, Research Division - Analyst : Yes. And just to add Kalgoorlie in the meantime. Is that sort of a processing rate or the production rate we can expect going forward post the sale of Kundana?

Question: Levi Spry - UBS Investment Bank, Research Division - Analyst : Yes. And just the last one on Thunderbox. I guess tough environment to be building a new brownfield project, I guess. But what are the risks you're seeing out there with the time lines for that over the next 12 months? And what are you focused on to address them?

Question: Hayden Bairstow - Macquarie Research - Analyst : Stu, just had a broader question on Pogo and the whole North American strategy. I mean this has clearly been challenging to date. I mean at what point do you think, or how much runway do you need to give yourself to get this mine to 300 and then stabilize it before you become more confident in the whole operating model of potentially acquiring more assets in that part of the world?

Question: Hayden Bairstow - Macquarie Research - Analyst : And just on the WA operations. I mean, you've obviously got these targets in the medium term? And how far away are you from completing all of the optimizations on ore feeds, et cetera? So there's a bit of M&A going on at the moment, a small scale, albeit. But before you'd be ready to look at -- looking at maybe additional ore sources to plug gaps as they emerge? Or is that stuff that you sort of think you're already across and if things do pop up, you'll have a pretty hard look at things.

Question: Hayden Bairstow - Macquarie Research - Analyst : Okay. Just one final one on, I mean, post the sale of Kundana, those operations actually look like are going quite well from our numbers. I mean, is that sort of release the handbrake a little bit on what you're doing into KB and Millennium and that sort of stuff?