Q3 2022 Northern Star Resources Ltd Activities Report Call Transcript

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

Question: Levi Spry - UBS Investment Bank, Research Division - Analyst : Just a question on the KCGM mill issues. Simon, maybe I think you mentioned something about the issues mostly addressed by the shut. What's left to do? Can you just sort of talk us through that and maybe leading to the mill expansion studies, I believe, due this quarter. What can we expect there? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. APRIL 26, 2022 / 11:00PM, NST.AX - Q3 2022 Northern Star Resources Ltd Activities Report Call

Question: Levi Spry - UBS Investment Bank, Research Division - Analyst : Are there any more? (inaudible). Seems like a pretty big...

Question: Levi Spry - UBS Investment Bank, Research Division - Analyst : All right. Sounds good. And Ryan, the decreased development (inaudible), just so I understand that properly, was that all associated with Thunderbox? Is there really any element of that being less material moved to the pit, i.e. how much of it is actually doing less and costing more as opposed to just moving straight -- moving quicker to commercial production?

Question: Levi Spry - UBS Investment Bank, Research Division - Analyst : Yes, yes. So no element of inflation in that, though?

Question: Levi Spry - UBS Investment Bank, Research Division - Analyst : No element of inflation in the capital number?

Question: Levi Spry - UBS Investment Bank, Research Division - Analyst : Yes, yes. Okay. And just the last one on Pogo. So exit run rates for the, I guess, the 300,000-ounce FY '23 production. Can you talk to that a little bit, please, Stuart? Like you mentioned second half running at 240,000. What we can expect there over this quarter?

Question: Daniel Morgan - Barrenjoey Markets Pty Limited, Research Division - Analyst : Maybe just expanding slightly just on Pogo. Could you just update us on how many mining fronts you have now, where do you need to get to? And the new equipment that you're bringing in, can that be fully utilized without creating congestion in the mine?

Question: Daniel Morgan - Barrenjoey Markets Pty Limited, Research Division - Analyst : And then over 1,600 meters in the month of March, has that been maintained into April? It sounds like it had from earlier comments.

Question: Daniel Morgan - Barrenjoey Markets Pty Limited, Research Division - Analyst : And then switching over to Yandal. You're soon going to have expanded mill capacity at Thunderbox. Can you just outline your confidence in having ore sources to fill that mill? Where is it going to come from? What are those various projects and productivity is doing on the mining side to fill the milling capacity?

Question: Daniel Morgan - Barrenjoey Markets Pty Limited, Research Division - Analyst : Just a follow-up question. I think if I heard you correctly, you said Pogo, the longer-term numbers, which was milling grade recovery, did I hear correctly, 85% recovery in -- it just seems a little bit lower than some of the historic recoveries you've been experiencing.

Question: Daniel Morgan - Barrenjoey Markets Pty Limited, Research Division - Analyst : But for the recovery, you've outlined, that's just plant optimization, saying that's not a call on the grade going forward.