Q4 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 : My first question is you shut the Jubilee mill. Can you just expand a little bit on this decision that would seem that it's unprofitable in the current environment. And so while your production ounces this year and your guidance is weaker than I think market expectations, some of this is shutting in loss-making production. Have I got that right?

Question: Daniel Morgan - Barrenjoey Markets Pty Limited, Research Division - Analyst : So there's no difference to mining rate, it's just a milling strategy change.

Question: Daniel Morgan - Barrenjoey Markets Pty Limited, Research Division - Analyst : Yes, sure. And the growth CapEx guidance, it is higher than, I think, market expectations. Can we break that down a little bit in terms of like there's some carryover it sounds like from Thunderbox. There is -- like are you going to be doing more material movements at Super Pit? We talked about these trucks. You've got 39 new trucks. You've got 6 refurbished, if I've got that right. So you -- would you be doing more material movements in this new plan and the old plan and therefore, that some of the CapEx inflation? And then lastly, some of it's going to be just industry cost inflation. Can you just help me unpick why the CapEx is higher? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JULY 19, 2022 / 11:00PM, NST.AX - Q4 2022 Northern Star Resources Ltd Activities Report Call

Question: Daniel Morgan - Barrenjoey Markets Pty Limited, Research Division - Analyst : And the -- just switching to Pogo for a moment. So development meters of 1,800 obviously substantially higher than that 1,500 target, which you had difficulty meeting, but now this is much higher. Your guidance looks like -- your production looks like this has turned to corner. Your guidance is also saying so. Can I just dig into like have you finally got on top of the development and this is sustainable. Can you just talk through that? And then the decision point to throttle back development at some stage as well, which you highlighted in your notes?

Question: Levi Spry - UBS Investment Bank, Research Division - Analyst : Two questions. Maybe can I just push you a little bit more on the production guidance for Kalgoorlie hub for FY '23. On top of the (inaudible) Ounces from Jubilee and (inaudible). Can you just talk us through what else might be a little bit lower than what we've been expecting. I guess, the 900 is done and the fact that it's growing to 1.1.

Question: Levi Spry - UBS Investment Bank, Research Division - Analyst : And just a quick one for Ryan. Can you just run me through -- I think you mentioned the (inaudible) in July. Can you just run me through what are the cash tax (inaudible) tax will come down and that we need to be aware of FY '23.