Name of the Project
Kalgoorlie Super Pit joint venture (JV).

Location
The project is located in Kalgoorlie, Western Australia.

Project Owner/s
The project is a joint venture (JV) between Northern Star Resources and Saracen Mineral Holdings.

Project Description
A strategic review has established the Kalgoorlie Super Pit as a long-life asset with a growing production profile and significant exploration upside.

The project is underpinned by Joint Ore Reserves Committee-compliant reserves of 9.7-million ounces of gold, after the depletion of 293 000 oz, and resources of 19-million ounces. The reserve provides mine life visibility of 15 years.

The review has also outlined the project’s future production profile. In the 2021 financial year, production guidance is estimated at 440 000 oz of gold to 480 000 oz of gold at an all-in sustaining cost of between A$1 470/oz to A$1 570/oz.

Production from the Super Pit is expected to increase to 500 000 oz/y of gold from the 2024 financial year as the Fimiston South orebody becomes increasingly dominant and access to the high-grade Golden Pike North orebody is restored. It is then expected to steadily increase to more than 675 000 oz/y of gold from the 2028 financial year.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
The JV partners have approved a growth capital budget of A$198-million for the 2021 financial year, and an exploration budget of A$12-million, with a further A$240-million to A$270-million to be spent at the project in 2022.

Planned Start/End Date
Not stated.

Latest Developments
None stated.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Northern Star Resources, tel +61 8 6188 2100 or email info@nsrltd.com.
Saracen Mineral Holdings, tel +61 8 6229 9100.