HighlightsDrilling at Paulsens’ Voyager 1 high-grade extension...

Highlights
Drilling at Paulsens’ Voyager 1 high-grade extension zone returns results of up to 189gpt
The results demonstrate Paulsens’ ability to generate significant sums of free cashflow, underpinned by robust margins
The high-grade extension zone is central Northern Star’s CY2013 strategy for increases in grade, production and cashflow
High-grade zone has a 25gpt resource grade compared with Voyager 1’s historical mined grade of ~8gpt
Second level is being developed in the extension zone. First production from this ore zone is ahead of schedule
Mine and processing upgrade is on track. This will see Paulsens’ production rise from ~80,000ozpa to 100,000- 115,000ozpa in CY2013
Record ore tonnes mined in August, 10% above July Significant results from Voyager 1 include (uncut);
Projects
Paulsens Ashburton Range Emull
Investments
Commodities
gold gold gold, silver Zn, Cu, gold
Commodities
4.4 m @ 42.4 g/t gold
including 0.7m @ 189.0 g/t
6.9 m @ 25.3 g/t gold
including 1.0m @ 151.6 g/t
2.2 m @ 83.8 g/t gold 3.3 m @ 37.9 g/t gold 1.0 m @ 39.6 g/t gold 2.4 m @ 28.7 g/t gold 8.7 m @ 26.0 g/t gold 6.8 m @ 24.7 g/t gold 2.0 m @ 22.2 g/t gold 6.0 m @ 18.7 g/t gold 7.5 m @ 11.0 g/t gold 15.8m @ 10.1 g/t gold 8.6 m @ 6.1 g/t gold
(true width 2.1m) 482mRL UZ2
(true width 5.2m) 584mRL UZ
(true width 1.2m) 537mRL UZ (true width 1.5m) 533mRL UZ (true width 0.6m) 521mRL UZ (true width 2.3m) 592mRL UZ (true width 1.6m) 481mRL UZ (true width 2.0m) 459mRL UZ (true width 1.6m) 581mRL UZ2 (true width 3.8m) 542mRL UZ (true width 4.2m) 503mRL UZ (true width 7.2m) 504mRL UZ (true width 5.3m) 537mRL UZ