Northern Star Resources Ltd
Northern Star Resources Ltd
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Northern Star MD Stuart Tonkin says the now-100% owner of the Kalgoorlie Super Pit has delivered significant progress despite a dynamic and challenging environment in the first year of a five-year organic growth plan.
Northern Star Resources MD Stuart Tonkin declares the iconic Kalgoorlie Super Pit is in its best shape thanks to the new owner's five-year pathway to growth.
Australian industrial services company SRG Global will extend its history of over 25 years at the Kalgoorlie Super Pit with the award of a five-year contract by new owner Northern Star Resources.
The contract, commencing immediately, widens SRG’s scope of works for NST subsidiary Kalgoorlie Consolidated Gold Mines at the iconic project to include geotechnical services covering ground support as well as rock fall protection systems, depressurisation drilling and rope access services.
Australian major Northern Star has ridden a strong final quarter to complete its first full year of operations post-expansion posting total FY22 gold sales of 1.56Moz at AISC of $A1,633/oz for the year to June 2022.
Although down from its FY21 sales of 1.6Moz at AISC of $1,483/oz, the result met NST’s guidance of 1.55-1.65Moz at $1,600-1,640/oz in a challenging year and support a FY23 forecast of 1.56-1.68Moz at $1,630-1,690/oz.
Leading Australian mining and resources journalist and commentator Ross Louthean delves into the history of Strickland Metals’ expanding Yandal gold belt exploration search.
Western Australia’s iconic gold mine, the Kalgoorlie Super Pit, could increase its annual production by as much as 200,000oz depending on the results of a feasibility study launched by owner Northern Star Resources
Australian gold major Northern Star is working to finalise a feasibility study on expanding milling capacity at the Kalgoorlie Super Pit after its PFS outlined potential to boost annual production by up to 200,000ozpa and reduce AISC by up to $A200/oz.
The preliminary study assessed three expansion options for its 100%-owned KCGM operation beyond its current 13Mtpa milling capacity, outlining capital expenditure of $A440-1,400M.
Horizon Minerals is targeting higher returns on investment by establishing a contract mining and toll milling model as it completes another deal aiming for the sequential underground development of its portfolio of gold projects in the West Australian Goldfields.
Exceptional growth of mineral reserves at its Pogo project in Alaska, USA and its Kalgoorlie operations in Australia have strengthened the foundation for gold major Northern Star Resources’ 5-year growth strategy.
NST’s annual review of resources and reserves shows in-mine drilling and optimised mine design parameters have driven a 20% increase in Pogo reserves to 1.8Moz at a higher 8.5g/t.
West Australian miner Black Cat Syndicate has deferred plans to construct an 800,000tpa gold processing facility at its KalEast project while it implements an 18-24 month schedule for restarting mining at its newly acquired Coyote and Paulsens operations.
The company says it expects to fund the KalEast development through cashflow from the former Northern Star projects – Coyote in the Tanami region and Paulsens in the eastern Pilbara.