South Kalgoorlie

The South Kalgoorlie Operations (SKO) are located in Kalgoorlie, Western Australia within the prolific Eastern Goldfields Superterrane, characterised by metavolcanic and metasedimentary greenschist host rocks.

Gold mineralisation is predominantly associated with greenstones with volcano-sedimentary rocks in multiple orogenic lode gold style deposits, controlled by NNW-trending shear zones; and, minor paleoplacer deposits. The main mineralised orebody Hampton-Boulder-Jubilee (HBJ) remains open down plunge with limited effective deep drilling undertaken to date. With a track record of consistent resource conversion, Northern Star is assessing potential extensions to the system, including to the north (Mutooroo) and the south (South Jubilee) of current workings.

Elemental Altus’ royalty covers the long-term producing HBJ gold mine complex, now owned and operated by Northern Star Resources since 2018. The mine is a primary source of ore feed of Northern Star’s regional Kalgoorlie Operations, providing ore to both the Kanowna Belle and KCGM mills. Elemental Altus’ royalty also covers Hercules, a prospect discovered in 2023 approximately 20km west of the HBJ deposit, in the historical Penfolds gold mining camp.

The Company owns 50% of an uncapped Production Royalty equal to A$10 per ounce produced from certain tenements at South Kalgoorlie Operation (SKO).

*Discovery Bonus of A$0.5 million payable for each new ore body on the royalty tenement package with production and / or Reserves greater than 250koz of gold.

Photo Gallery

Sources

• Northern Star Resources ASX release titled “Annual Mineral Resource And Ore Reserve Statement”, released May 4, 2023
• For more information on Mercedes, please visit https://www.nsrltd.com/