Northern Star Resources Limited
(ASX:NST) has confirmed plans to double its gold production levels have been boosted by a successful drilling program at its Ashburton Project in Western Australia.
Drilling has extended the known mineralisation at the site and indicated a potentially substantial increase in Northern Star’s 1 million ounce resource base.
The results mark a significant milestone for Northern Star’s plans to establish a standalone 100 thousand ounce per annum operation at Ashburton.
The operation would work in parallel with Northern Star’s current 100 thousand ounce operation at Paulsens in the West Pilbara.
Northern Star resources reported a net profit of $22 million for the 2012 financial year.
