Northern Star Resources Limited

Welcome to the Northern Star Resources December 2023 quarterly results. All participants are in a listen-only mode. There will be a presentation followed by a question and answer session. If you wish to ask a question, you will need to press the star key followed by the number one on your telephone keypad. I would now like to hand the conference over to Mr. Stuart Tonkin, Managing Director and CEO. Please go ahead.

Thank you and good morning.

With me today is Chief Operating Officer Simon Jessop and our Chief Financial Officer Ryan Gurner. I am pleased to present a strong December quarter performance, positioning Northern Star for growth in production and cash flows in the second half of FY24 as planned. Each of our production centres contributed excellent progress towards our profitable growth strategy during the quarter, with a number of highlights that Simon and Ryan will cover shortly. We sold 412,000 ounces of gold at an all-in sustaining cost of Australian dollars 18.24 an ounce, generating underlying free cash flow of over 100 million Australian dollars. We maintain our full-year production guidance for costs as well, 1.6 to 1.75 million ounces at an all-in sustaining cost of 17.30 to 17.90 an ounce. with a strong H2 outlook delivering gold sales into a very healthy gold price, currently above $3,000 an ounce. We remain financially resilient in a net cash position of $238 million, with strong liquidity of $2.5 billion and strong cash flows which funds all of our growth investments, exploration activities and dividends. For the KCGM mill expansion, we advanced enabling works and commenced early stages of construction ahead of schedule. It is exciting to see this activity underway at Phimiston, leading the three-year build to double the plant throughput to 27 million tonnes per annum and production lifting to 900,000 ounces per annum by FY29, establishing KCGM as a top five global goldmine. The Kagwooli team has endured some plus 40 degree days last week, complicated by state grid power outages to the city's homes and businesses. And Northern Star are fortunate to own and operate the Parkston Power Station with TransAlta, which has been integral to minimising operational disruption and facilitating the power needs across the city whilst the repairs are conducted. In contrast, the POGO team are enduring negative 40 degree days in Alaska, but have maintained strong momentum in operational improvements with quarterly gold sales of 66,000 ounces and an oil and sustaining cost US dollars of $13.67 an ounce. At Pogo, stoping dilution is still affecting mine grade slightly, which has been partially offset by higher mill throughput, which milled at an annualised rate of 1.4 million tonnes per annum for the quarter. Mine operating cash flow from Pogo continues to strengthen with US $40 million generated in the quarter, which is very pleasing to see. Simon will now speak to the Australian operations. Thank you, Stuart.