Northern Star Resources reiterates FY26 exploration spend

The news: Gold miner Northern Star Resources has reaffirmed its $225 million exploration budget for FY26 after recent drilling results pointed to new organic growth opportunities.

The context: The company said drilling and investment are driving growth at its Kalgoorlie operations, providing future options to supply high-margin ore to the expanded Fimiston mill from FY27.

At its Pogo gold deposit, new drill drives have enabled extensional drilling, it said, while surface programs advance near-mine opportunities, unlocking high priority targets.

Northern Star said the integration of its recently acquired Hemi development project is underway, with approvals progressing for what will be its fourth production centre.