St. Barbara Ltd. · ASX:SBM
St. Barbara — Deutsche Bank Emerging Miners Conference 2009
29 slides from St. Barbara's conference presentation, Oct 1, 2009
Slide 1: Presentation to the Deutsche Bank's Emerging Miners Conference
ASX Announcement For personal use only Presentation to the Deutsche Bank’s Emerging Miners Conference Attached is a copy of a presentation given by Mr Tim Lehany, Managing Director and CEO, to the Deutsche Bank’s Emerging Miners Conference on Thursday 1 October, 2009. Ross Kennedy Executive General
Slide 2: A successful and growing Australian gold company
For personal use only A successful and growing Australian gold company Tim Lehany, Managing Director & CEO 1 October, 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: Presentation Overview
Presentation Overview For personal use only • Company Profile • Leonora Operations • Southern Cross Operations • Exploration Opportunities • Outlook • Key Points 3
Slide 5: Company Profile
Company Profile For personal use only • Top ASX200 listed Australian gold company • Mkt Cap - A$440M [Sep 09] • Two gold producing operations [200,000ozs pa+] • Reserves 2.6M ozs [Jun 09] • Resources 9.4M ozs [Jun 09] • Land bank +14,000 kms2 4
Slide 6: Company Profile – Key Facts
Company Profile – Key Facts For personal use only • 1,494M ordinary shares Significant Holders [Sep 09] • Unhedged M&G Group 9.3% • A$77.1M Conv. Notes JPMorgan Chase & Co 7.2% • June 2009 Cash - A$78M Resource Capital Funds LLC 5.2% [inc restricted cash A$24M] Franklin Resources 5.1% • Experienced
Slide 7: St Barbara's Cornerstone Asset
Gwalia – St Barbara’s Cornerstone Asset For personal use only 6
Slide 8: New MW power plant
Gwalia – New 17 MW power plant For personal use only 7
Slide 9: Paste Fill Plant
Gwalia – Paste Fill Plant For personal use only 8
Slide 10: New Mining Operation in Fresh Rock
Gwalia – New Mining Operation in Fresh Rock For personal use only 9
Slide 11: Well Proven Mining Methods
Gwalia – Well Proven Mining Methods For personal use only 10
Slide 12: Value Increases with Depth
Gwalia - Value Increases with Depth For personal use only 2009 – 10 Production areas June 2009 June 2011 June 2012 11
Slide 13: Robust Long Life Operation
Gwalia – Robust Long Life Operation For personal use only • Priority for FY10 is driving the Hoover Decline and level accesses • Operational cash flow re-invested in development in FY10 • Long life mine with 9+ years Reserves • First quartile cash cost operation 12 Note: Middle of published guidance
Slide 14: Production Sequence FY
Gwalia - Production Sequence FY 09 For personal use only 13
Slide 15: Production Sequence FY
Gwalia - Production Sequence FY 10 For personal use only 14
Slide 16: Production Sequence FY
Gwalia - Production Sequence FY 11 For personal use only 15
Slide 17: Production Sequence FY
Gwalia - Production Sequence FY 12 For personal use only 16
Slide 18: Southern Cross – Focus on value
Southern Cross – Focus on value For personal use only 17
Slide 19: Southern Cross – Positive Cash Flows
Southern Cross – Positive Cash Flows For personal use only • Marvel Loch Underground generates positive cash flows koz • Overall operation de-risked • Improved plant performance • Identified targets for potential ore sources • Opportunities for third party ore 18
Slide 20: Southern Cross – Cornerstone of Three Year Plan
Southern Cross –Cornerstone of Three Year Plan For personal use only 19
Slide 21: Potential Reserve Extensions at Marvel Loch Underground
Potential Reserve Extensions at Marvel Loch Underground For personal use only • New lodes close to existing development are under explored • Depth extensions of existing lodes anticipated • Funding $3.6M to convert resources to reserves 20 Plan view of Marvel Loch Underground
Slide 22: Exploration = Upside Opportunities
Exploration = Upside Opportunities For personal use only 21
Slide 23: Exploration targets Leonora
Exploration targets Leonora For personal use only • Land bank opportunities • Tower Hill under evaluation • Opportunities for concealed gold deposits in belt • Targets prioritised following new alteration studies • Third party ore processing evaluation 22
Slide 24: Exploration targets Southern Cross
Exploration targets Southern Cross For personal use only • Nevoria 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 23
Slide 25: 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 24
Slide 26: 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 25
Slide 27: Outlook
Outlook For personal use only • Gwalia key to long term value Forecast production 250 koz • On track to deliver • FY 10 cash flow directed to Gwalia 200 u/g development 150 • Strong cash flows FY11+ • Southern Cross to generate positive 100 net cash in each year 50 • Positioning to capture growth op
Slide 28: Key Points
Key Points Two established gold operations For personal use only • Growing production profile • Reducing cost profile • Gwalia mine +9 years of reserves • Strong sustainable cash flows from FY2011 onwards Opportunities • Unhedged • Project pipeline • Prospective land bank • Available plant capacity
Slide 29: A successful and growing Australian gold company
For personal use only A successful and growing Australian gold company 28 28
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