St. Barbara Ltd. · ASX:SBM
St. Barbara — Macquarie Australia Conference 2021
36 slides from St. Barbara's conference presentation, May 4, 2021
Slide 1: Presentation to Macquarie Australia Conference
ASX Release / 4 May 2021 Presentation to Macquarie Australia Conference Attached is a presentation by Mr Craig Jetson, Managing Director and CEO, to analysts and investors attending the Macquarie Australia Conference this week. Investor Relations Mr David Cotterell Manager Investor Relations +61 3 8
Slide 2: Macquarie Australia Conference
Macquarie Australia Conference 5 May 2021 Craig Jetson Managing Director and Chief Executive Officer 1 / Macquarie Australia Conference, 4-6 May 2021
Slide 3: Disclaimer
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 Compa
Slide 4: Acknowledgement of Country
Acknowledgement of Country We at St Barbara acknowledge the Traditional Custodians of the land upon which we operate and recognise their unique cultural heritage, beliefs and connection to these lands, waters and communities. We pay our respects to all members of these Indigenous communities, and to
Slide 5: We are St Barbara
We are St Barbara We’re here to create value in everything we do, for our people, our communities and our shareholders. Our vision is to be a brilliant, global mining company that grows sustainably and creates enduring, positive impacts. As we operate our business and care for our people, we are gui
Slide 6: A growing gold company with a global outlook
A growing gold company with a global outlook We are an experienced operator with gold mining operations in Australia, Canada and Papua New Guinea. We are committed to growing our company sustainably and have a pipeline of growth projects that will provide employment, ongoing investment and benefits
Slide 7: We are guided by our five commitments and our values-led culture
We are guided by our five commitments and our values-led culture SAFETY EMPOWERED PEOPLE STRONGER RESPECTING THE GROWING ALWAYS DIVERSE TEAMS COMMUNITIES ENVIRONMENT SUSTAINABLY Target is Zero Harm We are the only mining Modern Slavery Carbon neutral by Growing our business TRIFR1 of 3.7 in Q3 Mar c
Slide 8: Building Brilliance at St Barbara and future Brownfield Growth
Building Brilliance at St Barbara and future Brownfield Growth Focussed on the key Value Unlocks: • Leonora Province Plan: model reviews, together with pit optimisations and Uplift 2: Execute brownfield planned mill studies will be discussed in 18 months – 3 years expansion projects June quarter Upl
Slide 9: Our strategy to grow production +45% and reduce recurring cost by A$45 M
Our strategy to grow production +45% from 382 koz to 535-570 koz and reduce recurring cost by A$45 M We have a pathway to grow our Atlantic Simberi Gwalia production profile through Uplift 1 and St Barbara Annual Production Outlook, koz Uplift 2 535-570 Uplift 1 comes from Building Brilliance 382 37
Slide 10: To deliver these uplifts we have defined the priorities and capabilities required
To deliver these uplifts we have defined the priorities and capabilities required Uplift 2: Uplift 3: Uplift 1: Execute brownfield Grow through acquisitions Deliver Building Brilliance in operations and extend mine life expansion projects and exploration Our Operate safely and Empower people and Ope
Slide 11: Building Brilliance program is on-track to deliver significant performance uplifts
Building Brilliance program is on-track to deliver significant Building Brilliance performance uplifts at our Atlantic and Gwalia operations FY21: the first step in our strategy Cumulative annualised cash contribution (A$M) Delivery FY21 FY22 FY23 to date Target Target Target Atlantic 6 10-12 15-25
Slide 12: Building Brilliance progress
Building Brilliance progress Key Performance Indicator FY20 March FY21 % Change Mill throughput (tph) 331 349 5 We are validating the success of our Atlantic Mill availability (%) 90.9 98.2 8 Building Brilliance Recovery (%) 92.0 94.5 3 initiatives by monitoring KPIs that drive Development rate (m/d
Slide 13: Unlocking value
Unlocking value Province Plans and Brownfield expansion 12 / Macquarie Australia Conference, 4-6 May 2021 12
Slide 14: Leonora Province Plan
Leonora Province Plan • Work has focused on: o Reviewing geological models, existing resource models and generating new resource models o Pit optimisations have been completed for Jasper Flat, Jasper Hill, Trevor Bore, Tower Hill, Harbour Lights and Gwalia o Mill scoping study to look at Gwalia plan
Slide 15: Additional targets identified in upper levels of Gwalia
Additional targets identified in upper levels of Gwalia • A review of the upper part of the mine has identified a number of attractive targets for infill drilling including Old South Gwalia, Old West Lode and targets in south end of the mine above 585 mbs • These areas will be drilled over the next
Slide 16: Leonora Province indicative timeline for development
Leonora Province Indicative timeline for development FY21 FY22 FY23 FY24 Feasibility & mine planning Gwalia Intermediates Development & production Gwalia Feasibility & mine planning Expect to complete resource modeling Shallows in May Development & production Scoping Jasper Region (open pit Drilli
Slide 17: Simberi Sulphide Feasibility Study Results
Simberi Sulphide Feasibility Study Results • Initial capital expenditure of US$170 M, including expansion capital, payback period of ~3 years • Life of mine average sulphide gold production of ~160 koz per annum at AISC of US$896 per ounce • Life of mine sustaining capital expenditure of US$120 M •
Slide 18: Simberi Oxide Drill Targets
Simberi Oxide Drill Targets • An extensive RC and diamond drill program to target and define additional oxide mineralisation within the mine corridor was developed as part of the FY21 strategy • New phase of drilling commenced in September 2020 and is ongoing • Further resource definition drilling i
Slide 19: Simberi brownfield expansion will maintain production beyond FY24
Simberi brownfield expansion will maintain production beyond FY24 Simberi sulphides expansion project indicative timeline Timeline variability Critical path Detailed plan FY21 FY22 FY23 FY24 Simberi sulphides expansion is an extension of existing operations Ore oxide processing & Mining until FY24 S
Slide 20: Atlantic targeting Touquoy extension whilst progressing permitting and exploration
Atlantic targeting Touquoy extension whilst progressing permitting and exploration • EIS submitted for Fifteen Mile Stream in early February and Beaver Dam revised submission expected in May. Feasibility Study for Beaver Dam is on schedule for completion in Q4 FY21 • Continue to focus on adding near
Slide 21: Atlantic brownfield expansion projects are progressing to provide long-term stable production
Atlantic brownfield expansion projects are progressing to provide long-term stable production Indicative timeline for Atlantic project development FY21 FY22 FY23 FY24 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Production Changes in Federal regulatory permitting Touquoy IA have impacted project timeli
Slide 22: Deliver to Promise
Deliver to Promise • In FY21: o Strategy has been set o Company transformation launched and delivering to plan o Clear execution plan to unlock value o Production profile is improving • Current priorities: o Continue to implement the COVID-19 protocols across the Company and CARE for our people o Ma
Slide 23: Supplementary slides
Supplementary slides 22 / Macquarie Australia Conference, 4-6 May 2021
Slide 24: Snapshot of St Barbara (SBM.ASX) – A global ASX gold producer
Snapshot of St Barbara (SBM.ASX) – A global ASX 200 gold producer Market Market Capitalisation1 A$1.3B @ A$1.85/share Outstanding shares1 708 M Liquidity2 6 M/day (0.8%) Financial 1H FY21 EPS3 A$0.05 St Barbara has a strong balance sheet supported 1H FY21 interim dividend A$0.04 by operational perfo
Slide 25: Consolidated production, costs and guidance summary
Consolidated production, costs and guidance summary Production Summary Q3 Mar Q4 Jun Year Q1 Sep Q2 Dec Q3 Mar Q3 YTD Guidance Consolidated FY20 FY20 FY20 FY21 FY21 FY21 FY21 FY21 St Barbara’s financial year is 1 July to Qtr to Qtr to Year to Qtr to Qtr to Qtr to 9 months to Year to 30 June 31 Mar 2
Slide 26: Guidance summary – exploration, capex, production profile
Guidance summary – exploration, capex, production profile Exploration Guidance FY21 A$ M Australia Leonora Region 8–9 FY21 Production Pinjin WA, Lake Wells WA, Back Creek NSW 10 – 11 Indicative Quarterly Guidance Profile Tabar Island Group, Papua New Guinea 2–3 Nova Scotia, Canada 10 – 12 Consol
Slide 27: Hedging summary
Hedging summary as at 4 May 2021 Volume Price Delivery Financial Year Type Delivery Announced ounces $/oz schedule May 21 to European call 72,010 C$2,050 May 2021 to Dec 2022 Monthly 24 Feb 2020 Dec 22 options 26 / Macquarie Australia Conference, 4-6 May 2021
Slide 28: Exploration | Gwalia near mine and regional targets
Exploration| Gwalia near mine and regional targets A$8 - $9 M exploration budget for near mine and regional exploration around Gwalia for FY21 Exploration activity during the quarter focussed on: • Gwalia Shallows • Leonora Regional o Further drilling planned for Jasper Hill, Jasper Flat, Falklands
Slide 29: Exploration | Nova Scotia
Exploration | Nova Scotia A$10 - $12 M exploration budgeted in Canada for FY21 Exploration activity during the quarter focussed on: • Moose River Corridor (Caribou West, Caribou-Elk) • Touquoy Camp (Higgins-Lawlers-Stillwater, HLS- Gap and HLS-Scheelite Closure) • Northeast Regional (Cameron Dam) •
Slide 30: Exploration | Simberi Island
Exploration |Simberi Island A$2 - $3 M exploration budget in PNG for FY21 Exploration activity during the quarter focussed on: • 6 oxide targets on Simberi Island were drill tested with the aim of defining additional inferred and indicated resources • Results highlight Pigibo North and Cell Tower co
Slide 31: Project pipeline
Project pipeline KEY Canada Papua New Guinea Regional Nova Scotia Australia Equity Investments Moose River Corridor Simberi Island (oxides) Cochrane Hill Back Creek Simberi Sulphides Greater Gwalia Leonora Province Peel Mining Pinjin Gwalia Shallows Touquoy Mine (10%) Catalyst Metals Aust Potash1 Gw
Slide 32: Ore Reserves Summary as at 30 June 2020
Ore Reserves Summary as at 30 June 2020 Proved Probable Total Tonnes Gold Ounces Tonnes Gold Ounces Tonnes Gold Ounces Project ('000) (g/t) ('000) ('000) (g/t) ('000) ('000) (g/t) ('000) Gwalia, (WA) 1,583 8.0 409 7,824 5.9 1,483 9,407 6.3 1,892 Tower Hill, (WA) - - - 2,572 3.7 306 2,572 3.7 306 Sim
Slide 33: Mineral Resources Summary at 30 June 2020
Mineral Resources Summary at 30 June 2020 Measured Indicated Inferred Total Tonnes Gold Ounces Tonnes Gold Ounces Tonnes Gold Ounces Tonnes Gold Ounces Project ('000) (g/t) ('000) ('000) (g/t) ('000) ('000) (g/t) ('000) ('000) (g/t) ('000) Gwalia, (WA) 3,991 6.4 819 17,403 6.0 3,353 1,201 5.5 214 22
Slide 34: Competent persons statement and Non-IFRS measures
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 and
Slide 35: Investor Relations enquiries
Investor Relations enquiries Garth Campbell-Cowan Chief Financial Officer David Cotterell Manager Investor Relations T: +61 3 8660 1900 E: info@stbarbara.com.au Scheduled ASX Announcements 28 July 2021 Q4 June 2021 Quarterly Report 26 August 2021 FY21 Financial Report 34 / Macquarie Australia Confer
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