St. Barbara Ltd. · ASX:SBM
St. Barbara — 5th Australia Solomon Islands Business Forum (October 2013)
26 slides from St. Barbara's conference presentation, Oct 18, 2013
Slide 1: Presentation to 5th Australia Solomon Islands Business Forum
ASX Release / 18 October 2013 For personal use only Presentation to 5th Australia Solomon Islands Business Forum Attached is a presentation by Tim Lehany, Managing Director and CEO, to the 5th Australia Solomon Islands Business Forum in Brisbane today. Ross Kennedy Executive General Manager Corporat
Slide 2: St Barbara and Gold Ridge Mining Limited: first 12 months, opportunities and risks
TIM LEHANY, MANAGING DIRECTOR & CEO / 18 October 2013 For personal use only 5th Australia Solomon Islands Business Forum St Barbara and Gold Ridge Mining Limited The first 12 months, opportunities and risks
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: Building a long term business in the Pacific
Building a long term business in the Pacific For personal use only 3/ 5th AUSTRALIAN SOLOMON ISLANDS BUSINESS FORUM / 18 October 2013
Slide 5: Our Vision is to be a successful, leading and growing gold company
Our Vision is to be a successful, leading and growing gold company For personal use only Simberi PNG Simberi ˃ Low strip open pit mine SI ˃ FY14F production: Gold Ridge 85 - 100 koz ˃ Near mine targets for Leonora exploration ˃ Two underground mines: ˃ Gwalia Mine Gold Ridge FY14F production: Austra
Slide 6: Gold Ridge Operations, Solomon Islands
Gold Ridge Operations, Solomon Islands For personal use only 5/ 5th AUSTRALIAN SOLOMON ISLANDS BUSINESS FORUM / 18 October 2013
Slide 7: Gold Ridge, Solomon Islands
Gold Ridge, Solomon Islands For personal use only Expected production increase in ˃ 2.5 Mtpa processing plant and open FY14 from improved operating pits located in highly mineralised 100 performance Charivunga Valley, close to Honiara ˃ Lift in gold production expected 80 through; 60 ˃ Improved mini
Slide 8: Investing for the future – not helped by falling US$ gold price
Investing for the future – not helped by falling US$ gold price For personal use only US$ Gold Price US$/oz 31 Oct 2012 to 14 Oct 2013 1,800 ˃ US$ gold price has fallen 1,700 US$ 447 (26%) from 1,600 US$1,720/oz at 31 Oct 2012 to US$1,273/oz at 14 Oct 1,500 2013 1,400 ˃ Gold Ridge average total 1,30
Slide 9: Exploration: prospective holdings - drilling identified targets
Exploration: prospective holdings - drilling identified targets Extending near mine resources Guadalcanal Island For personal use only ˃ Geologically prospective and underexplored ˃ Drilling has commenced on the highly mineralised Charivunga zone at Gold Ridge mine, with encouraging gold results inc
Slide 10: Indications of a potentially large mineralised system
Indications of a potentially large mineralised system For personal use only Work is planned to test the concept of a much larger Charivunga pit: ˃ Structural mapping and logging to confirm mineralisation controls which has identified additional near mine drill targets ˃ Drilling of Charivunga target
Slide 11: Gold Ridge the first months: Investment
Gold Ridge the first 12 months: Investment Significant funds invested in FY13 to improve operating For personal use only infrastructure, including: SI$63 million new trucks and mining equipment; SI$11 million new maintenance facilities; SI$127 million spare parts and major maintenance works; and SI$
Slide 12: Gold Ridge: planned investment in FY14
Gold Ridge: planned investment in FY14 ˃ Capital expenditure for the 2014 financial year is forecast For personal use only to be between SI$89–114 million (A$14-18 million1), inc: ˃ Funding for a tailings dam wall lift; ˃ Geological drilling to sterilise ground for a dump; ˃ Upgrading mining equipme
Slide 13: Gold Ridge the first months: Employment
Gold Ridge the first 12 months: Employment Employees Providing jobs and training For personal use only 1000 829 833 824 The Company directly employs 788 807 808 804 793 806 800 and contracts with almost 700 local people covering a diverse 600 range of employment & training 400 opportunities includin
Slide 14: Respecting Local Communities and Community Development Projects
Respecting Local Communities and Community Development Projects ˃ The Company has a team of people dedicated to For personal use only addressing the concerns and needs of local landowners and community groups. ˃ In FY13 SI$25 million (A$3.8 million1) was invested in Community Development projects in
Slide 15: Contribution to Solomon Islands Economy
Contribution to Solomon Islands Economy ˃ In FY13, the Company paid a total of SI$126 million (A$19 For personal use only million1) to the Solomon Islands Government in the form of import duties, gold royalties and export taxes, in full compliance with its obligations2 ˃ In FY13, over SI$300 million
Slide 16: Solomon Island: Strengths to build on
Solomon Island: Strengths to build on For personal use only ˃ Local workforce enthusiastic to learn ˃ Developing infrastructure (e.g. banking, telecoms) ˃ Accessibility to key decision makers – landowners and government 15 / 5th AUSTRALIAN SOLOMON ISLANDS BUSINESS FORUM / 18 October 2013
Slide 17: Solomon Island: Risks to manage
Solomon Island: Risks to manage ˃ Difficult physical environment – For personal use only high rainfall, mountainous, remote for accessing supplies ˃ Marginal interests can exert excessive influence on key stakeholder decisions ˃ Illegal miners present a safety risk and are stealing gold, reducing ro
Slide 18: Conclusion
Conclusion ˃ St Barbara is continuing to invest significantly, but not For personal use only indefinitely, in Gold Ridge to build a long term, strongly performing gold operation ˃ Investors in St Barbara require a reasonable return on the significant investment that has already been made ˃ Transpare
Slide 19: Questions?
Questions? For personal use only 18 / 5th AUSTRALIAN SOLOMON ISLANDS BUSINESS FORUM / 18 October 2013
Slide 20: Appendices
Appendices For personal use only 19 / 5th AUSTRALIAN SOLOMON ISLANDS BUSINESS FORUM / 18 October 2013
Slide 21: Vision
Vision To be a successful, leading and growing gold company For personal use only Vision underpinned by: Values: • Safe production • We act with honesty and integrity • Capable and committed workforce • We treat people with respect • Environmental sustainability • We value working together • Benefic
Slide 22: High proportion of global institutional investors
High proportion of global institutional investors Top 100 Shareholding Structure For personal use only UK, 30% Private 7% USA, 27% Unallocated / not analysed 14% Australia, 22% Europe, 4% Institutions Asia, 2% 79% Other / not analysed, 16% 21 / 5th AUSTRALIAN SOLOMON ISLANDS BUSINESS FORUM / 18 Octo
Slide 23: Gold Ridge Production Summary
Gold Ridge Production Summary For personal use only Sep Qtr Dec Qtr Mar Qtr Jun Qtr FY13 FY13 FY13 FY13 FY13 Ore mined kt 158 451 470 501 1,581 Grade g/t 1.3 1.3 1.5 1.7 1.5 Ore milled kt 140 373 452 471 1,437 Grade g/t 1.3 1.4 1.6 1.7 1.5 Recovery % 72 65 61 67 65 Gold production1 oz 4,057 10,654 1
Slide 24: Competent Persons Statement
Competent Persons Statement For personal use only Exploration Results The information in this presentation that relates to Exploration Results is based on information compiled by Mr Phillip Uttley, who is a Fellow of The Australasian Institute of Mining and Metallurgy. Mr Uttley is a full-time emplo
Slide 25: 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 26: Investor Relations Enquiries
Investor Relations Enquiries For personal use only Ross Kennedy Executive General Manager Corporate Services E: ross.kennedy@stbarbara.com.au Rowan Cole General Manager Corporate Services E: rowan.cole@stbarbara.com.au T: +61 3 8660 1900 www.stbarbara.com.au ASX: SBM 25 / 5th AUSTRALIAN SOLOMON ISLA
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