Northern Star Resources is an Australian gold mining company with operations in Western Australia and Alaska.
History
Northern Star Resources Ltd (NSR) was founded in December 2003 to search for and develop ore deposits in the East Kimberley region of Western Australia.[1] It was listed on the Australian Securities Exchange in December 2003.[2] With Jubilee Mines NL as the cornerstone investor, it initially focused on greenfields exploration near Halls Creek but was unsuccessful and by the Global Financial Crisis was "teetering on bankruptcy".[3]
In 2007, Bill Beament was appointed CEO. He subsequently led a recapitalisation of the company with Michael Fotios, raising funds at 1.25 cents per share and with a market capitalisation of just $1 million. Beament sought to refocus on undervalued mining assets using his background as an underground geologist.[3]