Northern Star Resources : NST hits 600,000ozpa production target

Northern Star hits 600,000ozpa production target

On track to exceed FY18 guidance of 540,000-560,000oz with production for June quarter to date of 150,000oz

Northern Star Resources Limited (ASX: NST) is pleased to announce that the Company yesterday hit its production rate target of 600,000ozpa.

Production for the June quarter to date is 150,000oz. This takes the total for the financial year to date to 540,000oz, meaning Northern Star is on track to beat the top end of its FY2018 guidance of 540,000-560,000oz. All-in sustaining costs will be within the guidance range of A$1000-1050/oz.

Northern Star Executive Chairman Bill Beament said the Company was poised to maintain the growth trend on the back of its highly successful exploration strategy and increased processing capacity.

ASX ANNOUNCEMENT 20 June 2018

"The recent acquisition of the 1.2Mtpa South Kalgoorlie mill, combined with our ongoing exploration success, will underpin continued production growth in our Kalgoorlie operations," Mr Beament said.

Australian Securities Exchange Code: NST

Board of Directors

"This additional milling capacity provides increased flexibility in Kalgoorlie, where we have also just declared commercial production at the Millennium mine.

Mr Bill Beament Executive Chairman

"At Jundee, we are experiencing a similar scenario, with the processing plant now running at the rate of 2Mtpa on fresh underground ore."

Mr Chris Rowe Non-Executive Director

Northern Star will provide production and cost guidance for FY2019 as part of its wider Strategic Update in early August.

Mr Peter O'Connor Non-Executive Director

Mr John Fitzgerald Non-Executive Director

Ms Shirley In'tVeld Non-Executive Director

Issued Capital

BILL BEAMENT Executive Chairman

Shares 612.8 million Options 0.8 million Performance Rights 10 million

Northern Star Resources Limited

Current Share Price A$6.38

Market Capitalisation A$3.9 billion

Cash, Bullion & Investments 31 Mar 2018 - A$439.1 million

Projects

Paulsens Mine Kanowna Belle Mine Kundana Mine

Northern Star Resources Limited has prepared this announcement based on information available to it. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this announcement. To the maximum extent permitted by law, none of Northern Star Resources Limited, its directors, employees or agents, advisers, nor any other person accepts any liability, including, without limitation, any liability arising from fault or negligence on the part of any of them or any other person, for any loss arising from the use of this announcement or its contents or otherwise arising in connection with it.

Kundana Mines (51% of EKJV) Jundee Mine

Central Tanami (25% of JV) Western Tanami

Listed Investments

ASX: VXR, DAU, RND, TBR, ALY, EAR TSX-V: SGI

This announcement is not an offer, invitation, solicitation or other recommendation with respect to the subscription for, purchase or sale of any security, and neither this announcement nor anything in it shall form the basis of any contract or commitment whatsoever. This announcement may contain forward looking statements that are subject to risk factors associated with gold exploration, mining and production businesses. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a variety of variables and changes in underlying assumptions which could cause actual results or trends to differ materially, including but not limited to price fluctuations, actual demand, currency fluctuations, drilling and production results, Reserve estimations, loss of market, industry competition, environmental risks, physical risks, legislative, fiscal and regulatory changes, economic and financial market conditions in various countries and regions, political risks, project delay or advancement, approvals and cost estimates.

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