Northern Star Resources introduces annual grants program to benefit local schools
Kalgoorlie-Boulder schools can access a funding boost through Northern Star Resources' newest grants program.
The mining company this week launched its Local School Grants Program, which offers $5000 grants to local primary and secondary schools.
KCGM Operations underground general manager Vic Simpson said the initiative would benefit the city's school community.
'Northern Star is committed to investing in the future of Kalgoorlie-Boulder by empowering schools with resources that will enhance learning environments and provide opportunities for students,' Mr Simpson said.
'Our residential workforce understands the importance of quality schooling for our families and the wider community.
'The Local School Grants Program will benefit all school age children in the Kalgoorlie-Boulder community.'
The program forms part of Northern Star's Community Investment Program and will be an annual offering.
The company said schools would have the flexibility to determine how best to allocate the funds, whether for new learning materials, book awards, or funding for projects and programs.
Applications are now open and local schools are encouraged to submit an application via the community investment application form on Northern Star's website.
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West Australian
27-05-2025
- West Australian
Northern Star Resources introduces annual grants program to benefit local schools
Kalgoorlie-Boulder schools can access a funding boost through Northern Star Resources' newest grants program. The mining company this week launched its Local School Grants Program, which offers $5000 grants to local primary and secondary schools. KCGM Operations underground general manager Vic Simpson said the initiative would benefit the city's school community. 'Northern Star is committed to investing in the future of Kalgoorlie-Boulder by empowering schools with resources that will enhance learning environments and provide opportunities for students,' Mr Simpson said. 'Our residential workforce understands the importance of quality schooling for our families and the wider community. 'The Local School Grants Program will benefit all school age children in the Kalgoorlie-Boulder community.' The program forms part of Northern Star's Community Investment Program and will be an annual offering. The company said schools would have the flexibility to determine how best to allocate the funds, whether for new learning materials, book awards, or funding for projects and programs. Applications are now open and local schools are encouraged to submit an application via the community investment application form on Northern Star's website.
News.com.au
18-05-2025
- News.com.au
Albion could host WA's next big gold play CEO Peter Goh says
Albion's new CEO Peter Goh is hunting for the next discovery in WA's Yandal gold province Yandal West project has the right geology in the right region with three mills nearby Company is confidence of project's potential considering current gold prices Albion Resources has a new CEO at the helm as it looks to unearth a major greenfields discovery in WA's Yandal gold province. The company holds the Yandal West project, which sits around 55km north of Northern Star Resources' (ASX:NST) Bronzewing gold mine and 60km south of its Jundee gold mine, a multi-million ounce district producing around 300,000ozpa. The region is, however, remote and remains underexplored as underlined by the success of neighbour Yandal Resources (ASX:YRL), which drew serious investor interest last year with the Siona gold discovery 20km southeast of Yandal West – 107m at 1g/t Au from 96m to end of hole. For new CEO Peter Goh, these are just some of the many X-factors that drew him to the role with Albion Resources (ASX:ALB). 'It's in the world class Yandal greenstone belt, and within 60km of us there's three processing plants, which was a huge strategic advantage and tick for me when I was doing my due diligence,' Goh said. 'Not only is this a big tick of approval for resource endowment in the area, with big players nearby, geologically we know there's gold mineralisation on the tenements, there's been historical drilling there, there's been historical mining there back in the 1900s and it's significantly underexplored. 'We think we can apply new exploration techniques and that will offer a really good opportunity in this rising gold market.' Gold bull market Coming from a background as a chartered accountant and an analyst building financial models with IPM Global before a stint in business development with Iluka Resources (ASX:ILU), Goh brings a wealth of knowledge and passion about junior resources and small caps to the company. With this background in financial analysis, when Goh says the company's finances are strong, he knows what he's on about. 'They've got $4m in the bank, a tight capital structure with only 132m shares on issue, and it has strong support from the top 20 shareholders, who have about 57% of the register,' Goh said. 'So with the geology and the finances, we have all the right ingredients to have some success here. 'When that opportunity came across my desk it was an easy decision to make the move over from the very structured role with Iluka into this small cap space, and I'm really excited about it.' That's a strong launching pad for a junior in the current gold market, with prices riding high at close to A$5000/oz. Don't need 1Moz to create value Goh notes that the landscape for gold exploration has shifted in the last few years, where historically juniors needed to demonstrate a pathway to 1Moz before really being taken seriously by the market and majors. Now some outperformers boast far smaller resources, which are cash printing machines with US dollar prices of around US$3150/oz. 'To the north of us is Strickland Metals (ASX:STK) who pulled up a 350,000oz deposit and they sold that to Northern Star (ASX:NST) for $61m in 2023,' Goh said. 'That's not a 1Moz deposit that's 350,000oz close to the Jundee mine. 'So that highlights that if processing plants are hungry, being close strategically offers some value for small scale deposits. 'We haven't started drilling and I don't want to get ahead of myself here, but you don't need that 1Moz mark to add value.' Goh also flagged new director Chris Tuckwell, who came along with the Yandal West acquisition, is another feather in the company's cap. 'That's a huge win for us,' he said. 'He has 11 years' experience with MACA, the mining contractor, so if we do have some success here, and obviously we've got to walk before we can run, but he will be invaluable to me and to the company as we try to unlock value for shareholders.' Earlier this month, the company announced two promising drill targets identified via a dipole induced polarisation survey which have never been touched by the drill bit and are expected to be encountered at shallow depths. Albion is just waiting on soil samples to come through, with heritage surveys underway and plans drill these promising new targets as part of its maiden campaign in June.
News.com.au
07-05-2025
- News.com.au
Gold price surge brings ASX developers to prominence
Gold is trading at over $5200/oz That's brought developers back to prominence on the ASX, with Covid-era inflationary pressures also easing Medallion, Astral and Antipa among next generation of gold producers The Western Australian gold space has largely been starved of developers over the past few years as a hangover from the tough pandemic years. Two years of border closures in WA from 2020 to early 2022 spelled disaster for projects under execution, particularly in the gold sector, and ruled out any new developments. Three years on normalising conditions, waning inflation and a record high gold price – over $5200/oz yesterday – mean gold developers are flourishing once again. Last month, Northern Star Resources (ASX:NST) reported that the state's largest gold development, the $1.5 billion mill expansion at the KCGM operation in Kalgoorlie, was on track. 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Earlier this week, Medallion and IGO amended the terms of a deal which would see Medallion acquire IGO's Cosmic Boy plant and equipment for a net smelter return royalty of up to 1.5% on all future gold production from the Forrestania tenements. A December 2024 scoping study for Ravensthorpe outlined capital costs of $73 million for an operation to produce 336,000oz of gold and 13,000t of copper at all-in sustaining costs of $1845 per ounce over 5.5 years. Using a gold price of $4000/oz and a copper price of $6.15 per pound, the study returned a pre-tax net present value of $429 million, an internal rate of return of 169% and a payback period of nine months. Medallion has already received interest from potential offtake partners to provide project financing of up to $50 million. Medallion is aiming to make a final investment decision on Ravensthorpe by the end of this year. &nsbp Earlier this week, Astral completed the acquisition of Maximus Resources, smoothing the path to production at its Mandilla gold project outside Kalgoorlie. The deal boosted Astral's resource by 139,000oz to 1.76Moz and expanded the company's tenure, giving it more control over future development plans. Astral is preparing to release a prefeasibility study for Mandilla in the coming weeks. A 2023 scoping study outlined a A$123 million, 2.5Mtpa open pit operation to produce 845,000oz of gold over 10.4 years at AISC of $1643/oz. Using a gold price of $3000/oz, the project had an NPV of $579 million, an IRR of 92% and a payback period of less than six months. Astral managing director Marc Ducler recently said the project would generate 'rivers of cash' at a $5000/oz gold price. Unlike the scoping study, the PFS will also include the 196,000oz Feysville project up the road from Mandilla. The company confirmed this week that the plant and infrastructure capital costs had been received and were under review, while operating costs are tracking in line with the 2023 study. On Monday, Rox announced it had raised $40 million to fund the definitive feasibility study and early works for its Youanmi gold project near Mt Magnet. The 2024 PFS confirmed the viability of a 100,000ozpa project over 7.7 years. Pre-production capital costs were forecast at $245 million with AISC of $1676/oz expected. The financials: At a $3700/oz gold price, life-of-mine free cashflow would be $1.3 billion, with a post-tax NPV of $541 million and IRR of 49%. Remember, there are gold prices now to plug in. A DFS is due to be completed by the end of the year. 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A 2023 preliminary economic assessment envisaged a 10Mtpa open pit, heap leach operation, costing $304 million to produce 122,000ozpa over 10 years at AISC of $1857/oz. Using a very conservative gold price of $2665/oz, life-of-mine EBITDA would be just over $1 billion and pre-tax, undiscounted free cashflow would be $688 million. The study returned an NPV of $388 million, internal rate of return of 30% and payback period of 2.8 years. At the current gold price, the payback period is expected to be less than a year. A 60,000m drilling program is underway with the next resource update expected to be released in July, which will feed into the PFS and initial reserve estimate. The company expects to undertake a DFS next year and move into construction in 2027, with first gold targeted for 2028. In April, Saturn raised $25 million in a placement supported by major shareholders, Canada's Dundee Corporation and Hedley Widdup's Lion Selection Group (ASX:LSX). Ausgold (ASX:AUC) Ausgold is due to complete a feasibility study on its Katanning gold project before the end of next month. The project has a resource of 88.9Mt at 1.06g/t gold for 3.04Moz of gold and a reserve of 32Mt at 1.25g/t gold for 1.28Moz of gold. The study is focused on an initial 3.6Mtpa operation followed by an expansion to ~5Mtpa. A 2023 scoping study into a 5Mtpa option forecast capital costs of $297 million for a 10-year mine life at a production rate of 136,000ozpa at AISC of $1549/oz. Using a $2750/oz gold price, the project was forecast to generate life-of-mine revenue of $3.64 billion, EBITDA of $1.63 billion and post-tax free cashflow of $770 million. The study returned a post-tax NPV of $541 million, an IRR of 46% and a payback period of 20 months for the proposed open pit operation. Ausgold is fully funded through to the final investment decision, which is expected in the first quarter of 2026. Minerals 260 (ASX:MI6) A newcomer after recently acquiring the Bullabulling project in Coolgardie is Tim Goyder-chaired Minerals 260. Bullabulling produced 179,000oz of gold in the late 1990s, after being developed by Resolute Mining, but closed down due to low gold prices at the time. The advanced project sat dormant inside Chinese giant Zijin Mining for the past decade. The $166.5 million acquisition included an exploration camp and offices, and access to power, water and the Great Eastern Highway, meaning Minerals 260 can potentially fast-track it into production. Minerals 260 has $50 million cash and has already kicked off an aggressive 80,000m drilling program, which will be completed in the next six months. The program is aiming to increase the 2.3Moz resource and increase its confidence level, and feed into economic studies. Argonaut head of research Hayden Bairstow is already forecasting a 5Mtpa open pit operation to produce around 140,000ozpa.
