St. Barbara Ltd. · ASX:SBM
St. Barbara — Diggers and Dealers Mining Forum 2009
35 slides from St. Barbara's conference presentation, Aug 3, 2009
Slide 1: ASX Announcement: Diggers and Dealers Mining Forum 2009
ASX Announcement St Barbara For personal use only Diggers and Dealers Mining Forum 2009 Attached is a Company handout for an address by Tim Lehany, Managing Director & CEO to the Diggers and Dealers Mining Forum 2009 in Kalgoorlie, Western Australia. Ross Kennedy Company Secretary 3 August 2009 St B
Slide 2: Diggers & Dealers
For personal use only Diggers & Dealers Tim Lehany, Managing Director & CEO 3 August, 2009 1
Slide 3: Disclaimer
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. This presentation is not an offer or invitation for subscription or purchase of or a recommendation in relation to secur
Slide 4: Outline
Outline For personal use only • Company Profile • First 120 Days • Gwalia Cornerstone • Southern Cross • Exploration • Financing Growth • Summary 3
Slide 5: Company Profile
Company Profile For personal use only • Australian gold company [200,000ozs pa+] • Two gold producing operations • Reserves 3.1M ozs (June 08 ) • Resources 10.6M ozs (June 08) • Mkt Cap - A$300M • 1,494M ordinary shares • A$77.1M Conv. Notes • June 2009 Cash - A$78M 4
Slide 6: First days
For personal use only First 120 days 5
Slide 7: First days
First 120 days For personal use only • Reliability • Low margin open pits Issue Issue • Focus on • Comprehensive improving review Action performance Action • Met guidance • Three year plan Result Result 6
Slide 8: Strategy
Strategy For personal use only Strengthen operating reliability and capability Leverage strong Gwalia cash flows Drive Gwalia development Grow output and Utilise excess mill opportunities capacity Shareholder Value Reduce costs Identify and action new Divest non-core assets growth initiatives Mitiga
Slide 9: Core strengths re-affirmed
Core strengths re-affirmed For personal use only • Australian gold producer • Two operating treatment plants with infrastructure • Leonora and Southern Cross • Several projects under evaluation • Strong reserve position • Large land bank with potential • Mill capacity under-utilised 8
Slide 10: Gwalia Mine – St Barbara Cornerstone Asset
For personal use only Gwalia Mine – St Barbara Cornerstone Asset 9
Slide 11: Refurbished treatment plant
Refurbished treatment plant For personal use only 10
Slide 12: New MW power plant
New 17 MW power plant For personal use only 11
Slide 13: Paste fill plant
For personal use only Paste fill plant 12
Slide 14: Water and energy efficient new camp
Water and energy efficient new camp For personal use only 13
Slide 15: Gwalia value increases with depth
Gwalia value increases with depth For personal use only mbs 1100 Depth of Hoover Decline 2009 – 10 Production areas 1150 June 2009 1200 1250 2010 – 11 Production areas 1300 1350 June 2010 2011 -12 Production areas 1400 June 2011 1450 June 2012 1500 1550 1600 0 1,000 2,000 3,000 4,000 5,000 6,000 7,0
Slide 16: Gwalia Mining
Gwalia Mining For personal use only • Industry standard mining technique and process • Multiple production points needed to achieve potential • Ground conditions are in line with expectations • Mine is well behaved 15
Slide 17: Gwalia three year forecast
Gwalia For personal use only Three year forecast • Priority for FY10 is driving the Hoover decline and level 250 g/t 12 accesses 10 200 • Development rates now 8 achievable 150 6 • Operational cash flow re-invested 100 in development in FY10 4 • Substantial growth deferred a 50 2 year, potential of
Slide 18: Gwalia production sequence FY
Gwalia production sequence FY 09 For personal use only 17
Slide 19: Gwalia production sequence FY
Gwalia production sequence FY 10 For personal use only 18
Slide 20: Gwalia production sequence FY
Gwalia production sequence FY 11 For personal use only 19
Slide 21: Gwalia production sequence FY
Gwalia production sequence FY 12 For personal use only 20
Slide 22: Delivering Gwalia production
Delivering Gwalia production For personal use only • Operational effectiveness improved • Mine development will deliver production growth • Cash operating costs to reduce to 1st quartile by FY 12 • Capital expenditure forecast to reduce post FY10 • Strong forecast cash flows in FY 11 and beyond • Ca
Slide 23: Southern Cross
For personal use only Southern Cross 22
Slide 24: Southern Cross three year forecast
Southern Cross For personal use only • Marvel Loch Underground Three year forecast generates positive cash flows 140 koz A$/oz 1000 120 900 • Overall operation de-risked 800 100 • Improved plant performance 700 80 600 • Opportunities for third party ore 60 500 40 400 20 300 0 200 FY 10 FY 11 FY 12 G
Slide 25: Three year mining plan Marvel Loch
Three year mining plan Marvel Loch For personal use only 24
Slide 26: Potential extensions at Marvel Loch
Potential extensions at Marvel Loch For personal use only • Resource extensions at Marvel Loch demonstrated by history • Some lodes are under explored • Depth extensions of existing lodes anticipated • Funding $3.6M to convert resources to reserves 25
Slide 27: Exploration
For personal use only Exploration 26
Slide 28: Exploration targets Leonora
Exploration targets Leonora For personal use only • Land bank opportunities • Tower Hill under evaluation • Opportunities for concealed ore positions in belt • Targets prioritised following new alteration studies • WA Govt grant to co-fund drilling program • Third party ore processing evaluation 27
Slide 29: Exploration targets Southern Cross
Exploration targets Southern Cross For personal use only • Nevoria and Edward’s Find under evaluation • Studies to examine potential re-commissioning of sources of past high grade production • Assess metallurgical options for Transvaal • Capacity to lift exploration as cash flows improve 28
Slide 30: NSW green field gold targets
NSW green field gold targets For personal use only • Significant land position in the Lachlan Fold Belt • Well-endowed porphyry Cu-Au belts • First phase of geophysical surveys completed • Follow-up gravity and aeromagnetic surveys planned 29
Slide 31: South Australian green field gold targets
South Australian green field gold targets For personal use only • Located in prospective Gawler Craton • Gravity survey planned to refine and prioritise targets for drill testing • Target Style: – Olympic Dam – Prominent Hill 30
Slide 32: Financing Growth
For personal use only Financing Growth 31
Slide 33: Financing Growth
Financing Growth For personal use only • Cash at 30 June 2009 $78m • Combination of funding (includes $24m cash for bank guarantee) options provides • FY 10 cash flow directed to confidence. Gwalia development • FY10 capital & operating • WA government expenditure fully funded commended for environm
Slide 34: Summary
Summary For personal use only • New strategy & Three Year Plan • Gwalia key to long term value koz koz • FY 10 cash flow directed to Gwalia u/g development • Strong cash flows FY11+ • Southern Cross to generate positive net cash in each year • Managing financial constraints • Positioning to capture
Slide 35: Thank you
For personal use only 34 ….thank you 34