St. Barbara Ltd. · ASX:SBM
St. Barbara — Shareholder Meeting (October 2023)
16 slides from St. Barbara's shareholder meeting presentation, Oct 25, 2023
Slide 1: Presentations to 2023 Annual General Meeting
25 October 2023 Presentations to 2023 Annual General Meeting Attached are the Chair’s address and the Managing Director and CEO’s presentation to the 2023 Annual General Meeting being held today. The meeting will be held in person at The Melbourne Hotel, 33 Milligan Street, Perth, Western Australia
Slide 2: Chair's Address
CHAIR’S ADDRESS The 2023 financial year was challenging and transformational, culminating in the sale of our Leonora Operations. This delivered a significant capital return of $268 million to St Barbara Shareholders through shares in Genesis Minerals and enabled the Company to repay its debt. The Co
Slide 3: Operational performance and FY23 financial performance
Operational performance Turning now to operational performance, the year has been one impacted by the performance and operational challenges at Gwalia, which altered the outlook for the full financial year. The underground performance at Gwalia stabilised in the second half of the year and resulted
Slide 4: Looking Ahead and New Leadership
Looking Ahead St Barbara started the new Financial Year, FY24, in a strong financial position and this enables the Company to focus on a number of priority areas at both Atlantic and Simberi, as well as at the corporate level. Shareholders will be aware of our announcements on the Prefeasibility Stu
Slide 5: New independent non-executive directors
Early last month we announced the appointment of three new independent non-executive directors, Mr Mark Hine, Ms Joanne Palmer and Mr Warren Hallam. As part of the Board renewal process, Mr David Moroney has indicated he will retire from the Board with effect on 31 December 2023. Personally, and on
Slide 6: Director fees and Conclusion
In the case of the non-executive directors, the base fees for each role have been reduced; for my role by 32%, and for Non-executive directors by 15%. In addition, given we encourage share ownership by the Directors, we will be introducing a share ownership plan whereby Directors may elect to receiv
Slide 7: Annual General Meeting
Annual General Meeting 25 October 2023
Slide 8: Disclaimer
2 Disclaimer This presentation is dated 25 October 2023 and 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 relat
Slide 9: 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 10: Agenda
4 Agenda Welcome • Meeting instructions • Chair’s address • MD&CEO presentation • Items of business per Notice of Meeting • Receive annual report • Resolutions • Questions • Close meeting St Barbara Annual General Meeting
Slide 11: Managing Director & CEO presentation
5 Managing Director & CEO presentation Andrew Strelein Managing Director and CEO St Barbara Annual General Meeting
Slide 12: Corporate Overview
6 Corporate Overview Corporate Structure Shareholders3 Shares on issue (ASX: SBM) 817.9M Institutional 45% Performance rights 6.8M Share price1 $0.21 Market capitalisation1 $172M Other Cash2 $236M Retail / HNW 8% 47% Listed Investments1 $21M Debt Nil Substantial shareholders4 Baker Steel 8.6% 1. Bas
Slide 13: The St Barbara Asset Portfolio
7 The St Barbara Asset Portfolio Atlantic operations, Nova Scotia Simberi operations, Papua New Guinea Investment portfolio Atlantic Operations Simberi Operations Assets Ore Reserves1 46.0Mt @ 1.0 g/t for 1.5Moz Au Ore Reserves1 34.8Mt @ 1.8 g/t for 2.0Moz Au Cash2 $236M Mineral Resource1 57.0Mt @ 1
Slide 14: Atlantic Operations
8 Atlantic Operations Overview • 1.9Moz in Mineral Resources • 1.5Moz in Ore Reserves • Located north-east of Halifax, Nova Scotia, Canada Atlantic Operations Strategy Focus Areas Status Next Steps Environmental and Social Impact Update for 15-Mile Prioritise development of 15-Mile Project and targe
Slide 15: Simberi Operations
9 Simberi Operations Simberi Overview Operations • 4.0Moz in Mineral Resources • 2.0Moz in Ore Reserves • Northernmost island in the Tabar group of islands in the New Ireland Province, Papua New Guinea Strategy Focus Areas Status Next Steps Extend oxide production through FY25 and into FY26 Complete
Slide 16: St Barbara
St Barbara