Forward-Looking Statements, Reserves and Resources
Northern Star Resources Limited has prepared this announcement based on information available to it. No representations or warranties, express or implied, are made as to the correctness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this announcement. To the maximum extent permitted by law, neither Northern Star Resources Limited, nor its directors, employees or agents, advisers, nor any other person accepts any liability, including without limitation any liability arising out of fault or negligence on the part of any of them or any other person, for any loss resulting from the use of this announcement or its contents or otherwise arising in connection with it.
This announcement is not an offer, invitation, solicitation or other recommendation to subscribe for, buy or sell any security, and neither this announcement nor anything contained herein constitutes the basis of any contract or commitment whatsoever.
This announcement may contain forward-looking statements subject to risk factors associated with gold exploration, mining and production activities. We believe that the expectations reflected in these statements are reasonable, but may be affected by a variety of variables and changes in underlying assumptions that could cause actual results or trends to differ materially, including, but not limited to, price fluctuations, actual demand, currency fluctuations, drilling and production results, resource or reserve estimates, market loss, industry competition, environmental risks, physical risks, legislative, tax and regulatory changes, economic and financial market conditions in various countries and regions, political risks, delay or progress of the project, approvals and cost estimates.
ASX Listing Rules Disclosure
This announcement contains current ore reserve and mineral resource estimates for Northern Star’s KCGM operations. The information in this announcement regarding current ore reserves and mineral resources, as well as Northern Star’s production targets, was extracted from Northern Star’s ASX news release titled “Resources, Reserves and Exploration Update” dated May 3, 2022. available on www.nsrltd.comand www.asx.com(“Announcement of the North Star”).
Northern Star confirms that it is not aware of any new information or data that materially affects the information included in Northern Star’s announcement other than changes due to normal mining exhaustion during the period four months to July 31, 2022, and, with respect to Northern Star’s KCGM Operations ore reserve and mineral resource estimates, that all material assumptions and technical parameters underlying the estimates of the Northern Star announcement continue to apply and have not changed significantly. Northern Star confirms that the form and context in which the competent person’s findings are presented have not changed materially since this announcement.
The assumptions made regarding Ore Reserves and Mineral Resources underlying the production targets in this announcement are (in summary):
- Current operating capital and operating cost structures,
- Current mining and metallurgical performance,
- The gold price, exchange rate, dilution allowance and mining recovery rates are as set forth in each prior public report referenced in ASX Listing Rule 5.19 disclosures, and
- The 5-year gold production profiles are based on 100% JORC compliant ore reserves.
Rounding is applied in this presentation for percentage comparisons and for ore reserve and mineral resource figures as of March 31, 2022.
Unless otherwise stated, all currency conversions in this document have been converted at an A$/US$ currency conversion rate of $0.75.
Licensed to post on the ASX by Stuart Tonkin, Managing Director and CEO.