20 slides from St. Barbara's earnings presentation, Jan 23, 2012
Slide 1: Presentation on the December 2011 Quarter
St Barbara Limited ACN 009 165 066 Level 10, 432 St Kilda Road, Melbourne VIC 3004 Locked Bag 9, Collins Street East, Melbourne VIC 8003 Tel +61 3 8660 1900 Fax +61 3 8660 1999 www.stbarbara.com.au For personal use only Presentation on the December 2011 Quarter Attached is a presentation to analysts
Slide 2: December 2011 Quarterly Report Highlights
For personal use only December 2011 Quarterly Report Highlights Production up 18% to a record 83,615 oz Tim Lehany, Managing Director & CEO January 2012
Slide 3: Disclaimer
Di l i Disclaimer For personal use only This presentation has been prepared by St Barbara Limited (“Company”). The material contained in this presentation is for information purposes only. l This Thi presentation t ti is i nott an offer ff or invitation i it ti for f subscription b i ti or purchase
Slide 4: Start Safe, Stay Safe
Start Safe Safe, Stay Safe For personal use only Safety • Safety performance improving • No injuries Sep to Nov 2011 14.8 • Severity of injuries is reducing 12.5 11 9 11.9 11.1 2005 Acquired gold assets FY 09 FY 10 of Sons FY 11 of Gwalia1H FY 12 TRIFR (rolling 12 month average Total Recordable Inju
Slide 5: Production up 18% to a record 83,615 oz
Production up 18% to a record 83 83,615 615 oz For personal use only Gold Production 84 • Production at all 3 mines up 73 at least 12% Q on Q 71 61 • On track to deliver FY12 61 production guidance • Anticipate increased production in 2H FY12 2005 2011 Acquired gold assets Consolidated FY 11 FY 11 F
Slide 6: Gwalia
Gwalia For personal use only Gold Production Mine Performance 46 • Continued C ti d iimprovementt iin mine i 39 40 reliability and operational 34 performance 29 • Annualised haulage rates exceed forecast 700 ktpa Opportunities • Economic viability of a haulage shaft is being rigorously assessed thou
Slide 7: Gwalia: Grade, Costs, Outlook
Gwalia For personal use only Grade Mined Grade • Majority M j it off ore now sourced d ffrom 7.9 8.1 the richer South West Branch. 7.5 6.9 • Grade to lift further in 2HFY12 Costs 4.9 • Cash operating costs of $683/oz for Q2 to reduce in 2H FY12, from higher grade and incremental lower cost developme
Slide 8: King of the Hills
King of the Hills For personal use only Gold Production 14 • Full scale sustainable production levels achieved 9 7 • Stopes reconciling to Ore Reserve • Higher production anticipated i Q3 in 0 2005 Acquired gold assets FY 11 FY 11 ofFY Sons 12 of GwaliaFY 12 Q3 Mar Q4 Jun Q1 Sep Q2 Dec koz 7 Decembe
Slide 9: Southern Cross Operations
Southern Cross Operations For personal use only Gold Production • 12% lift in production to 32 23 501oz (Q on Q) 23,501oz 27 27 • Processing of legacy site 24 low grade stockpiles 21 contributing to cash flow generation • Most of the Marvel Loch mine development capital costs have been incurred - ca
Slide 10: Discovery & Growth
Discovery & Growth For personal use only • Exploration p focus on discoveries: – in proximity to processing plants – prospective greenfield areas • 5,000+ km2 of prospective land around Australia • 10 targets planned to be drilled in FY12* * subject to results 9 December 2011 Quarterly Report
Slide 11: Discovery & Growth: Gwalia
Di Discovery & Growth G th For personal use only Gwalia • High grade intersections indicate potential resource extensions to the south, within the current planned mining envelope (down to 1,840 mbs) • The deposit is still open at depth Active and expanding drilling programs • Leonora region – target
Slide 12: Strong growth in cash achieved and to continue
Strong growth in cash achieved For personal use only and to continue • Net N t cash h lifts lift $36M to t $107M att 31 December D b 2011 • Cash balance up 47% to $110M • Interest bearing liabilities $3M • Net cash backing per share up 50% to $0.33 per share (Q on Q) • Significant carry forward tax
Slide 13: Conclusion
Conclusion For personal use only • Strong St quarterly t l performance f • Strong and growing cash position • Increased production anticipated in 2H FY12 • Set to deliver FY12 guidance • Drilling to increase Gwalia resources further south • Half year results scheduled for release 23 February2012 12
Slide 14: Appendices – production summary
Appendices – production summary For personal use only Production Summary Jun Qtr Sep Qtr Dec Qtr Consolidated FY11 FY12 FY12 Gold Production Gwalia oz 38,556 40,306 46,007 King of the Hills oz 7,066 9,343 14,107 Southern Cross oz 27,238 20,959 23,501 Consolidated oz 72,860 70,608 83,615 Mined Grade
Slide 15: Gwalia
G li Gwalia For personal use only Production Summary Jun Qtr Sep Qtr Dec Qtr Gwalia FY11 FY12 FY12 Underground ore mined t 176,214 173,498 181,204 Grade g/t Au 6.9 7.5 8.1 Ore milled t 177,703 174,056 192,592 Grade g/t Au 7.0 7.4 7.7 Recovery % 96 97 97 Gold production oz 38,556 40,306 46,007 Cash O
Slide 16: King of the Hills
King of the Hills For personal use only Production Summary Jun Qtr Sep Qtr Dec Qtr King of the Hills FY11 FY12 FY12 Underground ore mined t 58,139 77,034 107,840 Grade g/t Au 4.7 3.7 4.3 Ore milled t 50,105 82,179 105,541 Grade g/t Au 4.6 3.8 4.4 Recovery % 95 94 94 Gold production oz 7,066 9,343 14
Slide 17: Marvel Loch
M Marvel l Loch L h For personal use only Production Summary Jun Qtr Sep Qtr Dec Qtr Marvel Loch FY11 FY12 FY12 Underground ore mined t 308,389 251,628 163,814 Grade g/t Au 2.9 2.7 3.1 Ore milled t 316,149 295,076 518,560 Grade g/t Au 2.9 2.5 1.6 Recovery % 93 89 88 Gold production oz 27,238 20,959
Slide 18: FY guidance maintained
FY 12 guidance maintained For personal use only King of Marvel Gwalia Total the Hills Loch Leonora L Leonora S’ h C S’thn Cross Gold koz 175 190 175‐190 55 60 55‐60 90 100 90‐100 320 350 320‐350 production Cash operating 1,170 $/oz 610‐640 710‐750 ‐ cost ‐1,220 Capex $M 55‐60* 20‐25 10‐15 85‐100 * I
Slide 19: Proven Performance, Focus on Value
Proven Performance Performance, Focus on Value For personal use only Investor Relations Enquires: Ross Kennedy Executive General Manager Corporate Services E: ross ross.kennedy@stbarbara.com.au kennedy@stbarbara com au Rowan Cole General Manager Corporate Services E: rowan.cole@stbarbara.com.au T +6
Slide 20: Competent persons statement
Competent persons statement For personal use only References to Mineral Resources and exploration results presented in this document have been produced in accordance with The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, December 2004 (JORC Code) under t