

How Northern Star Became Australia's Biggest Gold Miner
How does a shell company turn into Australia’s biggest goldminer, capped at nearly $30 billion?
In this episode, we unpack the fascinating story of NorthernStar — from 2c a share to over $20, securing world-class assets across multiple continents, including the Australia’s greatest gold mine, the Super Pit.
We trace the company’s journey, get in the weeds on their M&A approach, and highlight the characters who shaped it — with a focus on the early days at Paulsens, the deal that set Northern Star on its path, and culminating with the coronation of the “King of Kalgoorlie.”
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TIMESTAMPS
(00:00) Introduction
(04:05) Paulsens
(30:10) Plutonic
(34:11) East Kundana & Kanowna Belle
(42:57) Jundee
(57:18) South Kalgoorlie
(58:50) Pogo
(1:10:48) Echo
(1:13:15) Super-Pit
(1:19:18) Saracen
(1:25:27) Learnings
(1:36:59) Shout out
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