St. Barbara Ltd. · ASX:SBM
St. Barbara — Q3 FY2022 Earnings Presentation
21 slides from St. Barbara's earnings presentation, Apr 28, 2022
Slide 1: Presentation on Q3 March FY22 Quarterly Report and audio webcast
28 April 2022 Presentation on Q3 March FY22 Quarterly Report and audio webcast Mr Craig Jetson, Managing Director & CEO, will brief analysts and investors on the Q3 March FY22 Quarterly Report at 10:00am Australian Eastern Standard Time (UTC + 10 hours) on Thursday 28 April 2022. Analysts and invest
Slide 2: Q3 March FY22 Quarterly Presentation
Q3 March FY22 Quarterly Presentation Craig Jetson Managing Director and CEO 28 April 2022
Slide 3: Disclaimer
2 Disclaimer This presentation has been prepared by St Barbara Limited (“Company”). The material contained in this presentation is for information purposes only. This presentation is not an offer or invitation for subscription or purchase of, or a recommendation in relation to, securities in the Com
Slide 4: Acknowledgement of Country
3 Acknowledgement of Country We at St Barbara acknowledge the First Nations people of the ancestral lands on which we operate in Australia, Canada and Papua New Guinea. We pay our respects to all First Nations people, and to Elders past, present, and emerging. We recognise the unique cultural herita
Slide 5: Safety always
4 Safety always TOTAL RECORDABLE INJURY FREQUENCY RATE (TRIFR)1 5.0 3.9 Safety 3.6 3.0 Always 2.7 2.8 2.1 Zero harm is always our target. Zero harm to all people as we responsibly operate our assets to their full potential. This focus FY18 FY19 FY20 FY21 Q1 Q2 Q3 on safety guides FY22 FY22 FY22 ever
Slide 6: Key achievements Q3 FY22
5 Key achievements Q3 FY22 • Group gold production steady at 61,819 oz • All-in Sustaining Costs1 of A$2,290/oz • Acquisition of Bardoc Gold completed • Increasing Group Ore Reserves by 7% to 6.2Moz and Group Mineral Resource by 22% to 16.5Moz • Accelerated development of the Zoroastrian deposit to
Slide 7: Leonora Q3 FY22 Results
6 Leonora Q3 FY22 Results AISC Production impacted by lower mill throughput (A$/oz) 1,663 1,916 and gold grade 1,555 1,488 1,653 • Mill throughput down 9% due to lower availability of stockpile and purchased ore MINED GRADE (g/t Au) 8.6 • Milled grade impacted in Q3 by fall of ground, 8.0 6.8 rehabi
Slide 8: Acquisition of Bardoc Gold complete
Acquisition of Bardoc Gold complete Railway from Bardoc tenements to Leonora About Bardoc Gold Bardoc tenement overview • 3.0Moz Mineral Resources & 0.4Moz Ore Reserves Aphrodite 25.5Mt @ 2.0g/t for 1.7Moz • Large contiguous tenement package Grafters located ~180km south of Leonora by 319kt @ 1.3g/t
Slide 9: Acquisition grows St Barbara Resources by 3Moz
8 Acquisition grows St Barbara Resources by 3Moz 7% GROWTH IN GROUP ORE RESERVES 22% GROWTH IN GROUP MINERAL RESOURCES (koz) (koz) 6,203 16,515 97 834 524 +419koz +3,021koz (+7%) (+22%) 322 1,663 5,784 13,494 Initial Group Aphrodite Zoroastrian Consolidated Initial Group Aphrodite Zoroastrian Other
Slide 10: Accelerated Leonora Province plan
9 Accelerated Leonora Province plan Event Initial target date Updated target date Feasibility Study for Leonora mill expansion to 2.1Mtpa & Refractory ore processing complete Q2 FY23 Q3 FY23 Mobilisation of mining contractor for Aphrodite and Zoroastrian underground mines Q3 FY23 Q2 FY23 Commence co
Slide 11: Two new underground mines ready to be developed
10 Two new underground mines ready to be developed Zoroastrian underground mine Aphrodite underground mine Total Mineral Resources 1.6Mt @ 4.0 g/t Au 6.7Mt @ 3.6 g/t Au Capital cost to develop1 Estimated A$15M Estimated A$30M Ore type Free-mill Refractory Mining method Longhole open stoping Longhole
Slide 12: Creating a unique processing hub
Creating a unique processing hub Increasing processing capacity to 2.1Mtpa and adding refractory capability N Free Milling Refractory ROM Pad ROM Pad Additional 3-stage CIL Tank Crushing New Ball Refractory Tails (~95% Ore Flotation Tailings Mill Ball Milling mass flow) Storage 2.1 Mtpa Facility Fre
Slide 13: Encouraging drill results continue
12 Encouraging drill results continue
Slide 14: Simberi Q3 FY22 Results
13 Simberi Q3 FY22 Results AISC Production recommenced in January (A$/oz) 4,064 2,964 • Return to low COVID-19 case numbers 2,426 • Production impacted by staff availability • Higher site costs resulting from COVID-19 management MILLED GRADE (g/t Au) Oxide reserve grade 1.8 and lower production resu
Slide 15: Atlantic Q3 FY22 Results
14 Atlantic Q3 FY22 Results AISC Production declining as Touquoy approaches (A$/oz) 2,013 end of life 1,504 1,396 1,128 1,011 • Severe weather events impacted crushing and mill throughput MILLED GRADE (g/t Au) • On track to deliver guidance Reserve grade 1.0 0.96 1.11 g/t Au 31 Dec 2021 • Sufficient
Slide 16: Delivering the Leonora Province Plan
15 Delivering the Leonora Province Plan Acquisition of Bardoc Gold complete Group Ore Reserves up 7% to 6.2Moz Group Mineral Resources up 22% to 16.5Moz Zoroastrian first production targeted Q1 FY24 Continued strong drilling results from Old South Gwalia
Slide 17: Supplementary slides
Supplementary slides
Slide 18: FY22 Guidance
17 FY22 Guidance Operation Production AISC Capex (koz) (A$/oz) ($AM) Sustaining Growth Atlantic Operations 55 – 65 1,650 – 1,8501 5 – 10 15 – 20 Leonora Operations 180 – 200 1,605 – 1,720 55 – 65 10 – 15 Simberi Operations 25 – 30 3,200 – 3,6002 5 – 10 35 – 40 Consolidated 275 – 290 1,750 – 1,870 65
Slide 19: Competent persons statement
18 Competent persons statement Exploration Results The information in this presentation that relates to Exploration Results is based on information compiled by Dr Roger Mustard, who is a Member of The Australasian Institute of Mining and Metallurgy. Dr Mustard is a full-time employee of St Barbara a
Slide 20: Investor Relations enquiries
Investor Relations enquiries Chris Maitland Head of Investor Relations T: +61 3 8660 1914 M: +61 477 120 070 E: info@stbarbara.com.au Scheduled ASX Announcements 27 July 2022 FY22 Q4 June Quarterly Report
Slide 21: StBarbara
StBarbara