Northern Star Resources Ltd
(ASX:NST) has boosted its resource estimate at its Paulsens project in Western Australia to 226,000 ounces of gold.
The junior gold miner says that its mine plan for production of up to 70,000 ounces in 2011 could lift surplus cash to $40 million.
In February Northern Star acquired the Ashburton gold project, its second major deposit in Western Australia, and only last week repaid the remaining $2.5 million of debt relating to the Paulsens acquisition.
Northern Star advises that it is now debt free, unhedged and well positioned for future growth.
In the year to 30 June 2010, Northern Star Resources booked a net loss of $1.28 million.
