St. Barbara Ltd. · ASX:SBM
St. Barbara — Diggers and Dealers Mining Forum 2020
39 slides from St. Barbara's conference presentation, Oct 13, 2020
Slide 1: Presentation to Diggers and Dealers Mining Forum
ASX Release / 13 October 2020 Presentation to Diggers and Dealers Mining Forum Meryl Jones, Head of Business Development, will present to the Diggers and Dealers Mining Forum being held in Kalgoorlie, Western Australia. The presentation will be live streamed at https://ausstocks.com.au/diggersndeale
Slide 2: Diggers and Dealers 2020
Diggers and Dealers 2020 12-14 October 2020 Meryl Jones Head of Business Development 1 / Diggers & Dealers Mining Forum 12-14 October 2020
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: Contents
Contents • We are St Barbara • Safety always • FY20 Performance • FY21 and Building Brilliance • Our operations Atlantic Gold o Atlantic Gold o Leonora o Simberi • Exploration • What’s next& Exploration 3 / Diggers & Dealers Mining Forum 12-14 October 2020
Slide 5: We are St Barbara
We are St Barbara A growing gold company with a global outlook An ASX 200 company, our gold mining operations are located in Australia, Canada and Papua New Guinea. As we operate our business and care for our people, we are guided by our five commitments and values-led culture. At St Barbara, doing
Slide 6: We are guided by our five commitments and our values-led culture
We are St Barbara 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 Zero harm is always We are an employer We strive to help our We are committed to Growing our business ou
Slide 7: Safety always
Safety always • Three months injury free in FY20 • Achieved an excellent safety record of 0.7 TRIFR1 at Simberi in FY20 • Overall TRIFIR down from 5.0 in 2019 to 3.0 in 2020, ahead of the mining industry average2 • Regular Gender Smart Safety Audits conducted to recognise and SAFETY respond to the n
Slide 8: We have shown solid performance in FY20 with a healthy growth pipeline ahead
We have shown solid performance in FY20 with a healthy growth pipeline ahead GROWING SUSTAINABLY 5.0 Growing our business sustainably, where it makes sense, and with strong governance practices, means we can add value for everyone: our shareholders, our people and our communities. 7 / Diggers & Deal
Slide 9: We are at the forefront of inclusion and diversity in the minerals industry
We are at the forefront of inclusion and diversity in the minerals industry, ahead of much larger peers Women across our Australian workforce increased to 26% Women across our PNG workforce increased to 15%, achieving 3-year target 33% of Directors are women1 100% of our Australian women have return
Slide 10: We strive to help our communities thrive, grow and prosper
We strive to help our communities thrive, grow and prosper We support educational related sports foundations that encourage Indigenous children in remote locations to improve education outcomes, life skills, self-esteem and employment prospects including Shooting Stars at Leonora and Clontarf Founda
Slide 11: Our commitment to sustainable operations has been recognised by multiple awards
Our commitment to sustainable operations across our people & environment has been recognised by multiple awards .. and progressed on .. leading to recognition We’ve engaged our people… environmental initiatives through awards 71% favourable engagement New climate change targets: meeting our Australi
Slide 12: We are forecasting sustained performance in FY21 across our assets
We are forecasting sustained performance in FY21 across our assets AISC (A$/oz) 1,369 1,4351 1,080 891 Atlantic Gold Production FY20 saw high ore production tonnages (koz) at Touquoy while permitting on 403 382 370 – 410 expansion projects progress 362 135 100 - 115 107 Leonora 142 Delivered FY20 gu
Slide 13: Building Brilliance at St Barbara
Building Brilliance at St Barbara Building Brilliance at St Barbara Building Brilliance is an integrated company transformation that will create value in everything we do, for our people, our communities and our shareholders. • This is the first step towards our vision to be a brilliant, global mini
Slide 14: Building Brilliance: FY21 the first step in our strategy
Building Brilliance Building Brilliance FY21: the first step in our strategy FY21: the first step in our strategy • As a growing gold company with a global outlook, we are focused on creating value in everything we do • Growing our business sustainably is one of our five company commitments • Each o
Slide 15: The six capability pillars of Building Brilliance
The pillars The of sixBuilding Brilliance capability pillars of Building Brilliance Continuous improvement Technology capability and Asset innovation Embed productivity management People leadership operating Short interval Improvement systems control Utilising and horizon Execution maintaining disci
Slide 16: Brilliance matters at St Barbara
Brilliance matters at St Barbara Zero Harm Employer of Realise our Deliver major Exploration choice potential projects and M&A • Operate safely • Empowered • Operate our • Disciplined project • Deliberate and and sustainably people and assets with management and value-accretive diverse teams excelle
Slide 17: Global operations
Global operations 16 / Diggers & Dealers Mining Forum 12-14 October 2020
Slide 18: Atlantic Gold: Record FY20 performance at Touquoy
Atlantic Gold Operations delivering to acquisition potential Record FY20 performance at Touquoy FY20 cash contribution A$120M Work continues on the optimal sequencing of the suite of Atlantic Gold projects Consolidation of Touquoy ownership enables operational efficiencies and future potential of th
Slide 19: Leonora Operations continues to generate significant cashflow
Leonora Operations continues to generate significant cashflow Record material movement achieved in Q4 FY20 supporting the delivery of full year production guidance 1H FY21 will prioritise development to allow for more operational areas to support greater production rates in the medium term FY21 prod
Slide 20: Gwalia returning to higher levels of material movement
Gwalia returning to higher levels of material movement Gwalia extension project final ventilation shaft completed in August 2020 supports growth of total material movement in FY21 Paste Aggregate Fill (PAF) plant study has commenced to identify opportunities to sustain high utilisation rates Undergr
Slide 21: Simberi Operations pursuing sulphide project feasibility study
Simberi Operations pursuing sulphide project feasibility study Sulphide feasibility study and Environmental and Social Impact Assessment due December 2020 Decision on sulphides due March quarter FY21 with a two-year construction window Current mine plan anticipates the mill processing oxides into FY
Slide 22: Global exploration focus across Australia, Canada and PNG
Global exploration focus across Australia, Canada and PNG FY21 Exploration guidance • A$10 - $12 M in Canada • A$8 - $9 M on near mine and regional exploration around Gwalia • A$10 - $11 M Pinjin, Back Creek and JVs in Australia • A$2 - $3 M in PNG A$30 - $35 M in total 21 / Diggers & Dealers Mining
Slide 23: Investment in four main areas in Nova Scotia
Investment in four main areas in Nova Scotia A$10 - $12 M exploration budgeted in Canada for FY21 Investment in exploration across four main camps in Nova Scotia: • Touquoy • Moose River Corridor • Northeast Regional • Southwest Regional 22 / Diggers & Dealers Mining Forum 12-14 October 2020
Slide 24: Exploration at Simberi is targeting near-mine oxide ore
Exploration at Simberi is targeting near-mine oxide ore A$2 - $3 M exploration budgeted in PNG for FY21 Additional oxide targets include: • Sorowar NW • Pigibo North • Cell Tower • Monun Creek • Pigicow West • Andorra 23 / Diggers & Dealers Mining Forum 12-14 October 2020
Slide 25: What's next
What’s next DRAFT • Building Brilliance – our integrated company transformation – commenced in Q1 FY21 • Focused on increasing productivity, reducing costs and ultimately lifting the value we deliver to our shareholders, our people and our communities • Each of our three assets has unique growth Ins
Slide 26: Slide 26
Slide 27: Supplement
Supplement 26 / Diggers & Dealers Mining Forum 12-14 October 2020
Slide 28: Consolidated production, costs and guidance summary
Consolidated production, costs and guidance summary Q1 Sep Q1 Sep Production Summary Year Q2 Dec Q3 Mar Q4 Jun Year Guidance Guidance FY20 FY20 Consolidated FY 19 FY20 FY20 FY20 FY20 FY20 FY21 AG full qtr AG SBM attrib. St Barbara’s financial year is Year to Qtr to Qtr to Qtr to Qtr to Qtr to Year t
Slide 29: Snapshot of St Barbara (SBM.ASX)
Snapshot of St Barbara (SBM.ASX) - A global ASX 200 gold producer Market Market Capitalisation1 A$2.2 B @ A$3.08/share Outstanding shares1 705 M Liquidity2 6 M/day (0.8%) Financial FY20 EPS3 A$0.18 St Barbara has a strong balance sheet supported FY20 total dividend A$0.08 by operational performance
Slide 30: FY21 guidance summary – exploration, capex
FY21 guidance summary – exploration, capex Exploration A$ M Australia • Leonora Region 8–9 • Pinjin WA, Lake Wells WA, Back Creek NSW 10 – 11 Tabar Island Group, PNG 2–3 Nova Scotia, Canada 10 – 12 Consolidated 30 – 35 Capex A$ M Sustaining Growth Gwalia 70 – 80 30 – 32 Simberi 12 – 15 4–5 Atlantic
Slide 31: Project pipeline
Project pipeline Regional Nova Scotia KEY Moose River Corridor Canada Papua New Guinea Tabar Island Group (Au, Au-Cu) Australia Equity Investments Back Creek Leonora Province Greater Gwalia Beaver Dam Pinjin Cochrane Hill Peel Mining Aust Potash1 Fifteen Mile Stream Touquoy Mine4 (16%) (Au, EJV) Cat
Slide 32: Gwalia regional exploration targets
Gwalia regional exploration targets A$8 - $9 M exploration budgeted for near mine and regional exploration around Gwalia for FY21 Gwalia mill strategy is on utilising spare capacity (FY20 ore milled ~65% of nominal 1.2 Mtpa capacity) 31 / Diggers & Dealers Mining Forum 12-14 October 2020
Slide 33: Gwalia near mine targets
Gwalia near mine targets 32 / Diggers & Dealers Mining Forum 12-14 October 2020
Slide 34: Equity investments and joint ventures
Equity investments and joint ventures Joint ventures with Australian explorers Drummartin with Catalyst Metals (ASX:CYL) Horn Island with Alice Queen (ASX:AQX) Lake Wells with Australian Potash (ASX:APC) Equity investments in Australian explorers Catalyst Metals Limited (ASX:CYL) 14% Duketon Mining
Slide 35: Hedging summary
Hedging summary as at 12 October 2020 Volume Price Delivery Financial Year Type Delivery Announced ounces $/oz schedule FY21 13,024 A$1,809 Forward Oct to Dec 2020 Monthly 26 Oct 2018 FY21 14,865 A$1,961 Forward Oct to Dec 2020 Monthly 24 Feb 2020 1 FY21 24,462 C$1,759 Forward Oct 2020 to Feb 2021 Q
Slide 36: 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 37: 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 38: Competent persons statement; 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 39: Investor Relations enquiries
Investor Relations enquiries Rowan Cole Company Secretary David Cotterell Manager Investor Relations T: +61 3 8660 1900 E: info@stbarbara.com.au Scheduled Reporting 21 October 2020 Q1 September 2020 Quarterly Report 38 / Diggers & Dealers Mining Forum 12-14 October 2020