Northern Star Resources (NST) Corporate presentation summary

Mineral resources and ore reserves

• Total mineral resources as of March 2026 are 88.9Moz, with ore reserves at 28.4Moz, supporting a reserve-backed production profile exceeding 10 years.

• Major assets include KCGM (42.2Moz resources, 15.0Moz reserves), Pogo (9.3Moz resources, 2.4Moz reserves), and Hemi (13.2Moz resources, 5.5Moz reserves).

• KCGM open pit holds 18Moz resources and 8Moz reserves, with significant underground expansion potential.

Financial performance and capital management

• FY26 underlying EBITDA reached A$4.3B, with underlying NPAT at A$1.8B and free cash flow of A$190M.

• Over A$0.9B was returned to shareholders in FY26 through dividends (55cps, 27% of cash earnings) and a share buy-back program.

• Earnings per share grew 5% and return on capital employed increased 18% year-on-year.

Balance sheet and liquidity

• Maintained investment grade ratings (Baa3/BBB-/BBB-) with net cash of A$0.38B and undrawn credit facilities of A$1.75B.

• Leverage and gearing remain well below financial targets, supporting disciplined capital allocation.