25 slides from St. Barbara's earnings presentation, Jan 28, 2015
Slide 1: Presentation on the December 2014 Quarterly Report and audio webcast
ASX Release / 28 January 2015 For personal use only Presentation on the December 2014 Quarterly Report and audio webcast Bob Vassie, Managing Director & CEO, will brief analysts and institutional investors on the December 2014 Quarterly Report at 10.00 am Australian Eastern Daylight Time (UTC + 11 h
Slide 2: Q2 December 2014 Quarterly Presentation
BOB VASSIE, MANAGING DIRECTOR & CEO / 28 January 2015 For personal use only Q2 December 2014 Quarterly Presentation
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, s
Slide 4: Contents
Contents For personal use only ˃ Key Points ˃ Safety ˃ Operations Results ˃ Exploration ˃ Finance ˃ Conclusion ˃ Appendices 3/ Q2 December 2014 Quarterly Presentation
Slide 5: Key Points Q2 December 2014
Key Points Q2 December 2014 ˃ Record quarterly production of 80,623 ounces at Leonora For personal use only ˃ Leonora FY15 guidance revised from 240,000 – 270,000 ounces to 250,000 – 265,000 ounces ˃ King of the Hills currently anticipated to cease production in Q4 June 2015, investigating alternati
Slide 6: Start safe, stay safe
Start safe, stay safe For personal use only Total Recordable Injury Frequency Rate 12.5 Safety performance 9.0 ˃ TRIFR1 of 4.7 at 31 Dec 2014 ˃ Continued good results for mixed jurisdiction underground / open 6.0 pit combination 4.9 4.7 4.1 ˃ Simberi 857 days LTI2 free ˃ TRIFR includes Pacific Opera
Slide 7: Consolidated Gold Production
Consolidated Gold Production For personal use only 98 94 93 92 ˃ December Quarter: 17 15 16 13 ˃ Record production at Gwalia 9 69 12 11 19 and Simberi 17 13 17 ˃ Simberi production improved 11 within the quarter 59 69 ˃ Q2 consolidated AISC 1 A$1,042 53 49 per ounce 45 (Q1: A$1,344 / oz) ˃ Q2 realis
Slide 8: Gwalia: St Barbara's cornerstone mine
Gwalia: St Barbara’s cornerstone mine For personal use only Gold Production ˃ Record 231 kt ore mined ˃ 259 kt of ore milled included stockpiles built during September 68.6 maintenance shutdown 59.4 ˃ Estimated 2,900 oz contained in 52.6 stockpiled ore at end of quarter 49.1 (Q1: 6,500 oz) 45.4 ˃ Al
Slide 9: Gwalia cooling upgrade project successfully completed
Gwalia cooling upgrade project successfully completed ˃ A$5.5 million upgrade to Gwalia Trigenration (New Concept) To Cooling Tower For personal use only cooling system announced in the 32 c Exhaust from Engine 7c June 2014 quarterly report Multi energy Chilled Water VAM completed safely, on time an
Slide 10: Gwalia cooling upgrade project successfully completed
Gwalia cooling upgrade project successfully completed For personal use only Completed absorption chiller plant Chiller unit (1 of 2) being installed 9/ Q2 December 2014 Quarterly Presentation
Slide 11: Future Gwalia – Drilling Plan (Cross Section View)
Future Gwalia – Drilling Plan (Cross Section View) West Surface East For personal use only Potential shaft location New parent hole - GWDD16 1,800mbs Target 2,200mbs 10 / Q2 December 2014 Quarterly Presentation
Slide 12: Future Gwalia – Drilling Plan (Long Section View)
Future Gwalia – Drilling Plan (Long Section View) For personal use only Potential shaft location New parent hole - GWDD16 1,550mbs 1,800mbs Target Zone Target (2,000mbs) 2,200mbs 11 / Q2 December 2014 Quarterly Presentation
Slide 13: King of the Hills: guidance reduced
King of the Hills: guidance reduced For personal use only Gold Production ˃ Production limited as higher grade Gwalia ore prioritised ˃ Ore mined contained an 19.4 estimated 18,700 ounces 17.2 16.8 ˃ Estimated 10,700 oz contained in stockpiled ore at end of quarter (Q1: 5,000 oz) 12.0 10.8 ˃ FY 15 G
Slide 14: King of the Hills – mine likely to cease production in Q4
King of the Hills – mine likely to cease production in Q4 ˃ Current mine plan anticipates production to end early in the For personal use only June 2015 quarter, with processing of ore to continue to the end of the quarter ˃ Results from recent drilling do not support mine development to extend mine
Slide 15: Simberi: Month of December 2014 net cash flow positive
Simberi: Month of December 2014 net cash flow positive For personal use only Gold Production ˃ Record production1 for Q2 of 17,294 oz (at AISC2 of A$1,619 / oz) ˃ Record production1 for month of 17.3 December of 6,816 oz (at AISC2 of A$1,196 / oz ) ˃ Production benefited from operating SAG and ball
Slide 16: Simberi: Continued improvement in ore milled
Simberi: Continued improvement in ore milled For personal use only Ore milled Gold production last 3 quarters last 6 months 620 6.8 536 463 5.5 4.9 5.0 5.0 2.7 FY14 FY15 FY15 Jul 14 Aug 14 Sep 14 Oct 14 Nov 14 Dec 14 Q4 Jun Q1 Sep Q2 Dec kt koz 15 / Q2 December 2014 Quarterly Presentation
Slide 17: Gold Ridge – Operations suspended
Gold Ridge – Operations suspended ˃ Negotiations with the Government regarding the potential For personal use only transfer of Gold Ridge to the Government have made little progress during the quarter ˃ No agreement has been reached with the Government on the critically necessary de-watering of the
Slide 18: Exploration – focus on near mine targets at Simberi
Exploration – focus on near mine targets at Simberi For personal use only Results for drilling completed at Monun Creek (SRCH001 to SRCH004 and SDH324 to SDH334) were received, including 1 Results included: SRCH002: 16m @ 3.5 g/t Au from 6m, including 6m @ 7.2 g/t Au from 10m SDH327: 41m @ 1.2 g/t A
Slide 19: Finance - At December 2014
Finance - At 31 December 2014 ˃ A$70 million cash (inc. $2 million restricted cash) 1 For personal use only Increase of A$14M due to record production at Leonora, reduced funding to Pacific Operations, and favourable working capital movements Increase after A$15M interest on Notes and Red Kite p
Slide 20: Conclusion
Conclusion For personal use only ˃ St Barbara turnaround is evident ˃ Leonora record quarterly production ˃ Simberi record quarterly and monthly (December) production1 ˃ Cash flow positive in December ˃ Encouraging near mine drill results on Simberi ˃ Deep drilling at Gwalia – initial results expect
Slide 21: Appendices
For personal use only Appendices 20 / Q2 December 2014 Quarterly Presentation
Slide 22: Consolidated Production Summary
Consolidated Production Summary For personal use only Q1 Sep Q2 Dec Guidance FY15 FY15 FY153 Gwalia oz 45,391 68,589 200 - 210,000 Production King of the Hills oz 10,793 12,034 50 - 55,000 Simberi oz 12,639 17,294 70 - 80,000 Consolidated oz 68,823 97,917 320 - 345,000 Gwalia g/t 7.9 9.0 Mined Grade
Slide 23: Competent Persons Statement
Competent Persons Statement For personal use only Exploration Results The information in this report 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
Slide 24: Non-IFRS Measures
Non-IFRS Measures For personal use only We supplement our financial information reporting determined under International Financial Reporting Standards (IFRS) with certain non-IFRS financial measures, including cash operating costs. We believe that these measures provide meaningful information to ass
Slide 25: Investor Relations Enquiries
Investor Relations Enquiries For personal use only Rowan Cole Company Secretary Garth Campbell-Cowan Chief Financial Officer T: +61 3 8660 1900 E: info@stbarbara.com.au 24 / Q2 December 2014 Quarterly Presentation