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Northern Star hits high gold grade

NORTHERN Star Resources has recorded the highest gold grade drilling results ever taken from epithermal-style mineralisation in the East Kimberley region. The much sought after epithermal type of mineralisation — a hydrothermal mineral deposit mobilised in temperatures between 50-200° celcius occuring mainly as veins – was revealed by a 20-hole drilling program at the company’s Wilson River project, 130 kilometres north of Halls Creek. Perth-based Northern Star says shallow drilling on the Range prospect returned hits of five metres at 15.08 grams gold per tonne (g/t) and 34.94g/t silver from 23m; 8m at 1.42g/t gold and 0.81g/t silver from six metres, one metre at 1.08g/t gold and 33.5g/t silver from 38 metres and two metres at 1.02g/t gold and 26.5g/t silver from 18 metres. Northern Star managing director Charles Wilkinson said the drilling confirmed the shallow high-grade potential of the Range prospect. “Not only have the results confirmed the high grade results from earlier rock chip sampling, they support the potential of the emerging epithermal style mineralisation in the East Kimberley,” he said. “These results are the highest ever recorded from drilling of epithermal style mineralisation in the region.”

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Source: Morningstar

BN30 Index

Index = 100 as of 4 Jan 2016
Source: Morningstar

Total Shareholder Return as at 31/08/18

1 year TSR5 year TSR
26thPaladin Energy315%-17%
41stOM Holdings232%33%
217thNorthern Star Resources35%51%
251stIndependence Group28%4%
397thIluka Resources1%-1%
737 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

19/03/18
$1.6m Sold
27/12/17
$5.9m Sold
22/11/17
$1.4m Sold
Total value as at the date of the transaction
Source: Morningstar

Revenue

5th↑Iluka Resources$1,079.2m
6th↑OM Holdings$996.7m
7th↓Northern Star Resources$965.3m
8th↑Independence Group$780.1m
9th↑Paladin Energy$756.2m
507 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Northern Star Resources

24thBill Beament$1.325m
120thShaun Day$653k
230thMichael Mulroney$450k
Ranked by total remuneration from all listed WA companies

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