Northern Star Resources Limited
(ASX:NST) has upgraded the JORC reserves at its Paulsens Gold project in Western Australia by 81 per cent.
The gold explorer has also upgraded its resources at the project by 38 per cent.
Over the past two and a half years Northern Star has increased its Paulsens resources from 129 thousand to 555 thousand ounces.
The revised inventory does not include a series of drilling results recorded this year, with Northern Star expecting to release them as part of a further upgrade later this year.
Managing Director Bill Beament says the latest increases at Paulsens mean the company now meets the full set of criteria required of modern-day gold miners.
Northern Star resources generated a net profit of $22.2 million in the first half of the current financial year.
