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NORTHERN STAR RESOURCES LTD — Capital/Financing Update 2021
Dec 1, 2021
65447_rns_2021-12-01_657058fa-70d9-414b-bfa0-5390df860b01.pdf
Capital/Financing Update
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ASX Announcement
2 December 2021
NORTHERN STAR COMPLETES NEWMONT POWER BUSINESS ACQUISITION
Northern Star Resources Ltd (ASX: NST) advises that on 1 December 2021 it completed its acquisition of Newmont Corporation’s Kalgoorlie power business for US$95 million.
The business includes a 50 per cent interest in the 110MW Parkeston Power Station and associated infrastructure which provides electricity to KCGM, and the Kalgoorlie area through its connection to the South-West Interconnected System.
The acquisition provides the Company with greater control over power supply to support its Kalgoorlie assets, in particular KCGM, at lower costs and with the ability to implement renewable energy solutions.
Northern Star Managing Director Stuart Tonkin said: “We are pleased to secure this key infrastructure which will enable a simpler pathway to achieving net zero through addition of renewable energy projects”.
Authorised for release to ASX by Stuart Tonkin, Managing Director.
Investor Relations and Media Enquiries: Sophie Spartalis Northern Star Resources Limited T: +61 8 6188 2100 E: [email protected]
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