29 slides from St. Barbara's earnings presentation, Jul 26, 2017
Slide 1: Presentation on Q4 June 2017 Quarterly Report and audio webcast
ASX Release / 26 July 2017 For personal use only Presentation on Q4 June 2017 Quarterly Report and audio webcast Bob Vassie, Managing Director & CEO, will brief analysts and institutional investors on the Q4 June 2017 Quarterly Report at 11:00 am Australian Eastern Standard Time (UTC + 10 hours) on
Slide 2: Q4 June 2017 Quarterly Presentation
BOB VASSIE, MANAGING DIRECTOR & CEO / 26 July 2017 For personal use only Q4 June 2017 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 • Highlights • Safety • Operations • Exploration • Conclusion • Appendices Starting shift, Gwalia, Scott Thomas 3 / Q4 June 2017 Quarterly Presentation
Slide 5: Highlights FY17
Highlights FY17 For personal use only • Record safety • Record annual production1 381 koz (FY16: 377 koz) • Record low AISC2 $907/oz (FY16: $933/oz) • Debt free, $161M cash at bank3 • Organic growth underway • Well positioned for inorganic growth 1. From continuing operations 2. Non IFRS measure, re
Slide 6: New safety TRIFR record
New safety TRIFR record For personal use only Total Recordable Injury Frequency Rate2 Safety performance 9.0 • New record low TRIFR1 of 1.2 to 30 June 2017 6.0 (Q3 Mar: 1.5) 5.0 • Gold mining industry 4.1 average TRIFR is 2.53 2.1 1.8 1.8 1.5 1.2 FY 12 FY 13 FY 14 FY15 FY16 Q1 Q2 Q3 Q4 FY17 FY17 FY1
Slide 7: Consolidated FY17 results + FY18 guidance
Consolidated FY17 results + FY18 guidance For personal use only AISC (Consolidated) Record production2 of 381 koz 1,000 932 • Exceeded FY17 guidance of 365 to 907 375 koz AISC record low A$907/oz Gold Production • Outperformed FY17 guidance of 377 381 363 A$940 to A$980/oz 110 116 110 FY18 Guidance
Slide 8: Gwalia FY17 results + FY18 guidance
Gwalia FY17 results + FY18 guidance AISC (A$/oz) 872 For personal use only 836 774 FY17 average A$785/oz FY16 average A$783/oz 786 FY17 production 716 • 265 koz @ AISC A$785/oz (FY16: 267 koz 11.9 Mined Grade 11.3 @ A$783), capex $30 M (FY17 guidance (g/t Au) 10.4 FY17 average 10.7 g/t Au A$32 - A$3
Slide 9: Gwalia Extension Project update – on schedule
Gwalia Extension Project update – on schedule • A$8M capex spent in FY17 (inc. A$3.5m in • Project includes new ventilation shafts and For personal use only Q4) - drilling, studies, tunnel development underground crushing of waste, mixed • Major contracts completed, Weir Minerals with paste to fill
Slide 10: Simberi FY17 results + FY18 guidance
Simberi FY17 results + FY18 guidance AISC (A$/oz) 1,359 For personal use only 1,266 1,277 FY17 average A$1,187/oz FY16 average AISC A$1,293/oz FY17 Record: 116 koz (FY16: 110 koz) 1,025 1,125 • Record AISC1 of A$1,187/oz Production (koz) (FY16:A$1,293/oz) 32.1 • Capex expenditure A$42 million 30.4 (
Slide 11: Simberi FY14 to FY17
Simberi FY14 to FY17 For personal use only Simberi Ore Milled Simberi Production 3,690 3,315 110 116 2,670 80 1,714 44 FY14 FY15 FY16 FY17 FY14 FY15 FY16 FY17 kt koz Simberi Total Material Moved Simberi AISC1 14,335 2,300 9,899 1,464 1,293 1,187 6,294 4,151 FY14 FY15 FY16 FY17 FY14 FY15 FY16 FY17 kt
Slide 12: Exploration | Gwalia Summary
Exploration | Gwalia Summary Gwalia Seismic Reflection Program For personal use only • A full evaluation of extensions to the Gwalia Shear Zone completed during Q4 June 2017, results in August • The survey will aim to identify extensions to the lode system and other potential occurrences of Gwalia s
Slide 13: Exploration | Gwalia Deep + Intermediates Drilling Program
Exploration | Gwalia Deep + Intermediates Drilling Program For personal use only For full explanation and results refer to ASX release 26 July 2017 ‘Quarterly Report June 2017’ 12 / Q4 June 2017 Quarterly Presentation
Slide 14: Exploration | Gwalia, Intermediates, Q4 June 2017 results
Exploration | Gwalia, Intermediates, Q4 June 2017 results For personal use only For full explanation and results refer to ASX release 26 July 2017 ‘Quarterly Report June 2017’ 13 / Q4 June 2017 Quarterly Presentation
Slide 15: Exploration | Gwalia Deeps, Q4 June 2017 results
Exploration | Gwalia Deeps, Q4 June 2017 results FY18 2,600 mbs target For personal use only For full explanation and results refer to ASX release 26 July 2017 ‘Quarterly Report June 2017’ 14 / Q4 June 2017 Quarterly Presentation
Slide 16: Exploration | Summary of greenfields projects
Exploration | Summary of greenfields projects Pinjin, WA For personal use only • A 600 hole up to 35,000 m Aircore drill program commenced testing previously identified targets • A 1,011 line km Airborne Electromagnetic (AEM) survey completed, results in Q1 Sep 2017 • A 330 km2 Ground Gravity Survey
Slide 17: Exploration FY18 Guidance - A$16 to A$20 million
Exploration FY18 Guidance - A$16 to A$20 million For personal use only A$8 - A$10 million Gwalia • Gwalia Deep Drilling infill + Intermediates • Gwalia Seismic A$4 - A$5 million Pinjin WA • Aircore drilling of targets identified in FY17 A$4 - A$5 million PNG • Simberi Oxides/Sulphides • Tatau Oxides
Slide 18: Conclusion
Conclusion For personal use only • Record annual production1 • Record low costs • Record safety • Strong cash balance and debt free2 • Organic growth underway • Well positioned for inorganic growth Lake Rebecca, Pinjin, by Kylie Okley, Aug 2016 1. For continuing operations 17 / Q4 June 2017 Quarterl
Slide 19: Appendices
Appendices For personal use only Bogger underground, Gwalia, Finlay Wilkinson Summer Storms by Finlay Wilkinson, Leonora, Jan 2017 18 / Q4 June 2017 Quarterly Presentation
Slide 20: Consolidated Production, Costs, Guidance Summary
Consolidated Production, Costs, Guidance Summary Production Summary - Consolidated Year Q1 Sep Q2 Dec Q3 Mar Q4 Jun Year Guidance Guidance For personal use only FY16 FY17 FY17 FY17 FY17 FY17 FY173 FY18 Production Gwalia oz 267,166 67,118 70,925 64,916 62,098 265,057 260 to 265 koz 245 to 260 koz Sim
Slide 21: Consolidated Q4 June 2017 quarter
Consolidated Q4 June 2017 quarter AISC For personal use only (A$/oz) 960 959 935 876 862 • Consolidated production of FY16 average A$932/oz 94 koz Production (koz) FY17 average A$907/oz (Q3 FY17: 95 koz) 92 93 99 95 94 • Gwalia 62 koz (Q3: 65 koz) 28 • Simberi 32 koz (Q3: 30 koz) 27 25 30 32 • Conso
Slide 22: Gwalia Deeps Exploration – Northern Extension
Gwalia Deeps Exploration – Northern Extension For personal use only Reproduced from ASX release 19 Oct 2016 ‘Quarterly Report September 2016’ 21 / Q4 June 2017 Quarterly Presentation
Slide 23: Exploration | Pinjin, Q4 June 2017 results
Exploration | Pinjin, Q4 June 2017 results For personal use only For full explanation and results refer to ASX release 26 July 2017 ‘Quarterly Report June 2017’ 22 / Q4 June 2017 Quarterly Presentation
Slide 24: Exploration | Tabar Island group, PNG, FY18
Exploration | Tabar Island group, PNG, FY18 Tatau Island For personal use only • Diamond drill program completed at Mt Tiro, Nepewo, Mt Siro and Seraror, Southwest Tatau • Newcrest Option and Farm-in Surface (soil and rock chip) sampling program continuing Simberi Island • Detailed pit mapping will
Slide 25: Ore Reserves Summary as at June 2016
Ore Reserves Summary as at 30 June 2016 For personal use only Proved Probable Total Project Tonnes Au koz Tonnes Au koz Tonnes Au koz (k) g/t (k) g/t (k) g/t Gwalia (WA) 2,286 9.6 702 4,510 7.6 1,105 6,795 8.3 1,808 Tower Hill (WA) - - - 2,572 3.7 306 2,572 3.7 306 Simberi Oxide (PNG) 4,687 1.3 194
Slide 26: Mineral Resources Summary as at June 2016
Mineral Resources Summary as at 30 June 2016 For personal use only Measured Indicated Inferred Total Project Tonnes Au koz Tonnes Au koz Tonnes Au koz Tonnes (k) Au koz (k) g/t (k) g/t (k) g/t g/t Gwalia (WA) 4,951 7.7 1,232 11,773 6.8 2,584 570 4.4 80 17,294 7.0 3,896 Tower Hill (WA) - - - 4,604 3.
Slide 27: Competent Persons Statement
Competent Persons Statement For personal use only Exploration Results The information in this presentation that relates to Exploration Results for Simberi and Pinjin is based on information compiled by Dr Roger Mustard, who is a Member of The Australasian Institute of Mining and Metallurgy. Dr Musta
Slide 28: 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 29: Investor Relations Enquiries
Investor Relations Enquiries For personal use only Rowan Cole Alistair Reid Company Secretary Manager Investor Relations T: +61 3 8660 1900 E: info@stbarbara.com.au Selected recent ASX releases 27 March 2017 Gwalia Extension Project Approved Announcement 13 July 2017 Gwalia site visit 28 / Q4 June 2