Tag: Bill Beament

High-grade hits at Jundee

High-grade hits at Jundee

BY ELIZABETH FABRI AUSTRALIA’S third-largest gold producer Northern Star Resources will boost its exploration program after making multiple discoveries at and around its Jundee gold mine in WA. As a result of the drilling success, Northern Star increased its FY18 exploration budget by $10 million to $45 million. It plans to accelerate a number of drilling programs to bring the recent discoveries into the Reserve category. The discoveries included high-grade finds at the Zodiac discovery and the Armada trend, 400m and 800m from the Jundee mine, respectively. Northern Star executive chairman Bill Beament said the results would change the way the 10 million ounce (moz) Jundee gold field was viewed. “With production of 7moz over the past...

Northern Star on the rise

Northern Star on the rise

By Mark Scott AT Northern Star Resource’s 2013 annual general meeting, chairman Chris Rowe told shareholders the company was on the lookout for WA acquisitions to help meet its goal of becoming a top ASX-listed gold producer. At the time, Northern Star was producing about 100,000 ounces per annum of gold from its Paulsen gold project in the Pilbara region and had a market capitalisation of $301 million, with its share price at $0.71. A year later, Mr Rowe could tell an entirely different story. The company was on track to becoming a 600,000ozpa producer; was the...