St. Barbara Ltd. · ASX:SBM
St. Barbara — Investor Presentation (September 2026)
29 slides from St. Barbara's investor presentation, September 2026
Slide 1: Investor presentation
ASX: SBM · INVESTOR PRESENTATION · AUGUST 2026 ━━━━━━ Investor presentation September 2026
Slide 2: Disclaimer
2 Disclaimer This presentation has been prepared by St Barbara Limited (“Company”). The material contained in this presentation is summary information for general information purposes only. This presentation is not investment advice, nor is it an offer or invitation for subscription or purchase of,
Slide 3: Disclaimer – JORC Code
3 Disclaimer JORC Code It is a requirement of the ASX Listing Rules that the reporting of exploration results and mineral resources in Australia comply with the 2012 edition of the Joint Ore Reserves Committee’s Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserv
Slide 4: Corporate Overview
01 Corporate Overview
Slide 5: Corporate Summary
5 Corporate Summary Capital Structure Shareholders3 Shares on issue (ASX: SBM) 1,226.1M Performance rights 69.5M Institutional (60%) Share price1 A$0.80 Retail (34%) Other (6%) Market capitalisation1 A$981M Substantial Cash2 A$475M Shareholders - Paradice - Baker Steel Debt Nil - Vanguard Broker Cov
Slide 6: Capital Return to Shareholders
6 Capital Return to Shareholders1 Strengthened balance sheet supports a fully franked dividend and consideration of an on-market share buyback Fully Franked Dividend Considering a Share Buy-back • Dividend declared: fully franked A$0.05 per share for FY26 • Size: on-market buy-back of up to 100 mill
Slide 7: New Simberi Gold Project, Papua New Guinea
02 New Simberi Gold Project, Papua New Guinea
Slide 8: New Simberi Gold Project update
8 New Simberi Gold Project update Brownfield expansion to deliver significant near-term production uplift over a 14-year mine life Project status Recent milestones and upcoming catalysts • New Simberi Gold Project is transitioning from Mining Lease extension approved processing remnant oxides to a h
Slide 9: New Simberi Gold Project management team and key personnel
9 New Simberi Gold Project management team and key personnel Simberi Operations Group has a strong management team with extensive international experience Huan Cai Paul Botman Randy McMahon Shane Kay Andrew Lawry Managing Director & CEO Executive General Manager Country Manager, PNG CFO Project Dire
Slide 10: New Simberi Gold Project Expands Existing Infrastructure
10 New Simberi Gold Project Expands Existing Infrastructure
Slide 11: New Simberi Gold Project Highlights and Key Metrics
11 New Simberi Gold Project Highlights and Key Metrics New Simberi Gold Project production vs AISC (100% basis)1, 2 Growth Capital (US$m) (40% basis) 2 90 300 2,800 256 2,400 250 239 225 215 All-in Sustaining Costs (US$/oz) 202 2,000 200 200 195 Gold Production (koz) 1,600 150 141 128 119 1,200 103
Slide 12: New Simberi Gold Project Timeline
12 New Simberi Gold Project Timeline FID announced H2 FY26 with first ore production expected H2 FY28 FY 2026 FY 2027 FY 2028 New Simberi Dec Jun Dec Jun Dec Jun Feasibility Study Update (complete) Mining Lease Renewal (complete) Final Investment Decision (complete) CEPA Conditions Early Works
Slide 13: Nova Scotia Projects, Canada
03 Nova Scotia Projects, Canada
Slide 14: Overview of Nova Scotia Projects
14 Overview of Nova Scotia Projects Integrated Operation with 15-Mile Processing Hub Project Nova Scotia Projects comprise: Touquoy Restart: 1 • Produces gold from the processing of existing stockpiles through the existing Touquoy processing plant 15-Mile Mine: 2 • Four simple low strip ratio open p
Slide 15: Investment Proposition – Recent and Upcoming Milestones
15 Investment Proposition – Recent and Upcoming Milestones Recent achievements Upcoming catalysts Touquoy Restart PFS completed IAAC determination 15-Mile is expected to receive the Section 16 determination under the Impact Operating cash flow anticipated at C$118m with 38koz gold production over As
Slide 16: Nova Scotia Projects – Touquoy Restart and 15-Mile Hub
16 Nova Scotia Projects – Touquoy Restart and 15-Mile Hub Nova Scotia Nova Scotia Projects Projects Production Production vs AISC1 vs AISC 1 Growth Capital Growth Capital (US$m) (US$m) 1 1 120 2,000 113 112 201 105 106 107 107 102 102 100 98 96 1,600 87 All-in Sustaining Cost (US$/oz) 80 Gold Produc
Slide 17: Atlantic management team and key personnel
17 Atlantic management team and key personnel Atlantic has a strong management team, with key personnel having years of experience in the region Andrew Taylor P. Eng Craig Hudson P. Eng Andrew Taylor P. Eng VP Operations Dustin O'Leary Adam Guignard Jennifer Adshade Melissa Nicholson Executive Vice
Slide 18: Touquoy Restart Project Overview
18 Touquoy Restart Project Overview Nova Scotia Projects 1 Project Details1 Key Metrics • Touquoy Restart Study results1 outlined a near-term, low capital and low-cost Processing life 1.1 years restart ‒ Initial capital of C$11.4m Total Mill Feed Tonnes 3.0 Mt ‒ Estimated gold production of 38koz ov
Slide 19: 15-Mile Processing Hub Project Overview
19 15-Mile Processing Hub Project Overview Nova Scotia Projects 2 3 4 Project Details1 Key Metrics • 15-Mile Processing Hub Project Pre-Feasibility Study completed in December 2025 Total waste mined 114.5 Mt confirmed project with production over 100kozpa across an 11+ year mine life ‒ 15-Mile Mine
Slide 20: Nova Scotia Projects Timeline
20 Nova Scotia Projects Timeline 15-Mile Processing Hub FID targeted by end of FY27, with production expected to commence in FY30 FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 15-Mile Processing Hub Dec Jun Dec Jun Dec Jun Dec Jun Dec Jun Environmental Impact Assessment Pre-Feasibility Study (Update) Feas
Slide 21: Nova Scotia Projects – 15-Mile Processing Hub Exploration Pipeline
Nova Scotia Projects – 15-Mile Processing Hub 21 Exploration Pipeline Exploration targets1 • Tenement holdings within 75 km of the proposed 15-Mile Processing Hub Project and proximity to the Touquoy mine, 15-Mile, Old Austen Mine and Old Mitchell Mine deposits • 58 active exploration targets compri
Slide 22: Nova Scotia Projects – 15-Mile Processing Hub Exploration Pipeline
22 Nova Scotia Projects – 15-Mile Processing Hub Exploration Pipeline Exploration targets1 • 46 exploration targets within 75 km of the proposed 15-Mile Processing Hub Project ranging from: ‒ Stage A (conceptual target) ‒ Stage B2 (Advance drill target with multiple economic intercepts) ‒ Stage D (p
Slide 23: Nova Scotia Projects – 15-Mile Processing Hub Exploration Pipeline
Nova Scotia Projects – 15-Mile Processing Hub 23 Exploration Pipeline Exploration targets1 • Regional exploration tenement position across Nova Scotia • FY27 work programs are highlighted for: o surface sampling (in orange), o geophysical surveys or re- processing / 3D modelling (in purple), and o R
Slide 24: Nova Scotia Projects – 15-Mile Processing Hub Exploration Pipeline
24 Nova Scotia Projects – 15-Mile Processing Hub Exploration Pipeline Exploration targets1 • 12 exploration targets that lie outside of the 75 km radius of 15-Mile Processing Hub Project: ‒ Stage A (conceptual target) ‒ Stage B2 (Advance drill target with multiple economic intercepts) ‒ Stage D (pro
Slide 25: Appendix
A Appendix
Slide 26: St Barbara management team
26 St Barbara management team Andrew Strelein Sara Prendergast Phil Stephenson Brett Ascott Kylie Panckhurst Roger Mustard David Cotterell Managing Director & CEO Chief Financial Officer Operations Advisor EGM Projects & General Counsel & EGM Exploration GM Business Development & Technical Support C
Slide 27: Gold Company References: Resources and Reserves
27 Gold Company References: Resources and Reserves ASX Market Mineral Resources Ore Reserves EV/ EV/ Company Net Debt EV Source Date Code Cap (Au-Eq) (Au-Eq) Resource Reserve A$m A$m A$m Moz g/t Moz g/t A$/oz A$/oz 26 Aug Ora Banda OBM 3,075 (268) 2,807 3.7 2.0 0.6 2.3 Annual Report 2026 761 4,602 2
Slide 28: Contact Information
28 Contact Information INVESTOR RELATIONS MEDIA RELATIONS David Cotterell Sodali & Co. General Manager Business Development & Investor Relations Paul Ryan T: +61 3 8660 1959 M: +61 409 296 511 M: +61 447 644 648 E: info@stbarbara.com.au
Slide 29: St Barbara
ie StBarbara