St. Barbara Ltd. · ASX:SBM
St. Barbara — 2022 Macquarie Australia Conference
15 slides from St. Barbara's conference presentation, May 5, 2022
Slide 1: Presentation to 2022 Macquarie Australia Conference
5 May 2022 Presentation to 2022 Macquarie Australia Conference Mr Lucas Welsh, Chief Financial Officer, will brief analysts and investors on St Barbara’s Leonora Province Plan on Thursday 5 May 2022 during the Macquarie Australia Conference. For more information Investor Relations Media Relations Ch
Slide 2: Delivering the Leonora Province Plan
Delivering the Leonora Province Plan Lucas Welsh Chief Financial Officer 5 May 2022
Slide 3: Disclaimer
2 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 Com
Slide 4: 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 5: Delivering the Leonora Province Plan
4 Delivering the Leonora Province Plan Gwalia operations improved Acquisition of Bardoc Gold complete Group Ore Reserves up 7% to 6.2Moz Group Mineral Resources up 22% to 16.5Moz Zoroastrian first production targeted Q1 FY24 Continued strong drilling results from Old South Gwalia
Slide 6: Turning around operational performance at Gwalia
5 Turning around operational performance at Gwalia 1,600 • FY16 to FY20 – Declining performance Ore and Waste movement to 1,400 1,200 • Fewer tonnes moved to surface surface (kt) 1,000 • Limited development metres 800 600 • Waste material stored underground 400 • FY21 to FY22 – Turnaround 200 • Movi
Slide 7: Acquisition of Bardoc Gold complete
Acquisition of Bardoc Gold complete Railway from Bardoc tenements to Leonora About Bardoc Gold Bardoc tenement overview • 3.0Moz Mineral Resources & 0.4Moz Ore Reserves Aphrodite 25.5Mt @ 2.0g/t for 1.7Moz • Large contiguous tenement package Grafters located ~180km south of Leonora by 319kt @ 1.3g/t
Slide 8: Acquisition grows St Barbara Resources by 3Moz
7 Acquisition grows St Barbara Resources by 3Moz 7% GROWTH IN GROUP ORE RESERVES 22% GROWTH IN GROUP MINERAL RESOURCES (koz) (koz) 6,203 16,515 97 834 524 +419koz +3,021koz (+7%) (+22%) 322 1,663 5,784 13,494 Initial Group Aphrodite Zoroastrian Consolidated Initial Group Aphrodite Zoroastrian Other
Slide 9: Accelerated Leonora Province plan
8 Accelerated Leonora Province plan Event Initial target date Updated target date Feasibility Study for Leonora mill expansion to 2.1Mtpa & Refractory ore processing complete Q2 FY23 Q3 FY23 Mobilisation of mining contractor for Aphrodite and Zoroastrian underground mines Q3 FY23 Q2 FY23 Commence co
Slide 10: Two new underground mines ready to be developed
9 Two new underground mines ready to be developed Zoroastrian underground mine Aphrodite underground mine Total Mineral Resources 1.6Mt @ 4.0 g/t Au 6.7Mt @ 3.6 g/t Au Capital cost to develop1 Estimated A$15M Estimated A$30M Ore type Free-mill Refractory Mining method Longhole open stoping Longhole
Slide 11: Creating a unique processing hub
Creating a unique processing hub Increasing processing capacity to 2.1Mtpa and adding refractory capability N Free Milling Refractory ROM Pad ROM Pad Additional 3-stage CIL Tank Crushing New Ball Refractory Tails (~95% Ore Flotation Tailings Mill Ball Milling mass flow) Storage 2.1 Mtpa Facility Fre
Slide 12: Potential new shallower mining front
11 Potential new shallower mining front
Slide 13: Aspirational production of ~600Kozpa
12 Aspirational production of ~600Kozpa 700 600 1. Leonora: aspirational production of ~270kozpa once the proposed 2.1Mtpa processing facility is installed comprising 180kozpa from Gwalia Underground and Aspirational Gold Production (koz) 500 90kozpa from near mine and/or acquired properties ~270 40
Slide 14: St Barbara has large gold reserves at low cost to investors
13 St Barbara has large gold reserves at low cost to investors Price of a reserve ounce Market capital / Attributable gold reserves (A$/oz) 1,500 Bubble size = Market Capital 1,400 1,300 Silver Lake Resources Ltd 1,200 Ramelius Resources Ltd 1,100 1,000 900 800 700 Perseus Mining Ltd 600 OceanaGold
Slide 15: St Barbara
StBarbara