St. Barbara Ltd. · ASX:SBM
St. Barbara — PNG Mining and Petroleum Investment Conference 2014
26 slides from St. Barbara's conference presentation, Dec 2, 2014
Slide 1: Presentation to PNG Mining and Petroleum Investment Conference
ASX Release / 2 December 2014 For personal use only Presentation to PNG Mining and Petroleum Investment Conference Bob Vassie, Managing Director and CEO, will present to the PNG Mining and Petroleum Investment Conference in Sydney today, hosted by the PNG Chamber of Mines and Petroleum. A copy of th
Slide 2: PNG Mining and Petroleum Investment Conference, Sydney
BOB VASSIE, MANAGING DIRECTOR & CEO / 2 December 2014 For personal use only PNG Chamber of Mines & Petroleum PNG Mining and Petroleum Investment Conference, Sydney
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: Contents
Building a long term business in the Pacific For personal use only Contents ˃ Overview ˃ Safety ˃ Simberi ˃ Contribution ˃ Future ˃ Exploration ˃ Gold Ridge 3/ PNG MINING SEMINAR / 2 December 2014
Slide 5: Overview of operations
Overview of operations Simberi For personal use only Simberi ˃ Low strip ratio open pit mine Leonora Gold Ridge ˃ Target annualised ˃ Two underground mines: Solomon production 100 koz ˃ Gwalia Mine Islands ˃ Near mine targets for FY15F production: exploration 180 - 200 koz, estimated mine life 9+ Go
Slide 6: Start safe, stay safe
Start safe, stay safe For personal use only Simberi Total Recordable Injury Frequency Rate ˃ TRIFR1 of 2.6 compared to company overall rate of 4.9 at Sep 2014. 6 5 ˃ 5 recordable injuries in last 12 months, all minor 4 ˃ 2 years / 5 million man hours 3 with no lost-time injuries 2 ˃ Working closely
Slide 7: Simberi Operations Economic Contribution FY14
Simberi Operations Economic Contribution FY14 Salaries PGK million For personal use only Island Residents 12 Nationals 22 Total 34 Purchases within PNG (food and materials) 72 Local Area compensation payments and support 0.4 Royalties (2.0% of gold revenue) 2.7 MRA Levy (0.25% of gold revenue) 0.3 P
Slide 8: Simberi: Employment
Simberi: Employment Employees & Contractors Providing jobs and training For personal use only 1000 The Company directly employs 800 approximately 532 PNG Nationals covering a diverse 600 range of employment & training 400 opportunities including: 200 ˃ National Manager 0 Exploration Jan Feb Mar Apr
Slide 9: Respecting Local Communities and Community Development Projects
Respecting Local Communities and Community Development Projects ˃ The Company employs 25 people in a variety of community relations roles dedicated to addressing the concerns and needs of local landowners and For personal use only community groups. ˃ The Company provides an ongoing anti-Malaria prog
Slide 10: Simberi Operations, Papua New Guinea
Simberi Operations, Papua New Guinea For personal use only 9/ PNG MINING SEMINAR / 2 December 2014
Slide 11: Simberi: 5,000 ounces of gold produced in month of September
Simberi: 5,000 ounces of gold produced in month of September For personal use only Gold Production ˃ September 2014 best production month 12.8 12.7 since April 2013 11.7 ˃ Engineering & maintenance program 10.8 ongoing, excellent results in mill throughput (see next page) 8.9 ˃ Operational performan
Slide 12: Simberi: Continued improvement in ore milled
For personal use only Simberi: Continued improvement in ore milled Ore milled Gold production YTD last 3 quarters 536 463 4.9 5.0 5.0 368 2.7 FY14 FY14 FY15 Jul 14 Aug 14 Sep 14 Oct 14 Q3 Mar Q4 Jun Q1 Sep kt koz 11 / PNG MINING SEMINAR / 2 December 2014
Slide 13: Simberi turnaround
Simberi turnaround ˃ Capital largely already For personal use only invested ˃ Focus on improving whole value chain to lift production and lower unit costs ˃ Anticipated to be cash positive by June Quarter 2015 ˃ Strong focus on return to net cash flow generation ˃ Significant exploration upside 12 /
Slide 14: Simberi Sulphide Project
Simberi Sulphide Project ˃ Simberi sulphide Ore Reserve as at 30 June 20141: For personal use only ˃ 19.9 Mt@ 2.0 g/t Au for 1.3 Moz contained gold ˃ 2011 PFS used as basis for Ore Reserve ˃ Recommended onsite roasting ˃ Brownfield project with infrastructure in place (mills, power, etc) ˃ Independe
Slide 15: Monun Creek, Simberi ML
Monun Creek, Simberi ML 136 For personal use only 14 / PNG MINING SEMINAR / 2 December 2014
Slide 16: Exploration – focus on near mine targets at Simberi
Exploration – focus on near mine targets at Simberi For personal use only ˃ Encouraging trench results obtained from a number of near mine locations on Simberi Island. Including: ˃ Monun Creek: ˃ SIMTR777: 35m @ 1.1 g/t Au ˃ SIMTR780: 20m @ 1.5 g/t Au ˃ Botlu North: ˃ SIMTR787: 20m @ 3.0 g/t Au, inc
Slide 17: Ore Reserves & Mineral Resources at June 2014
Ore Reserves & Mineral Resources at 30 June 2014 ˃ Ore Reserves at Simberi are 43% of St Barbara total. For personal use only % of Ore Reserves 1 Ore Reserves and Mineral Resources 1 Leonora, 13.22 13.16 WA 44% Simberi, PNG 43% 5.24 5.16 Gold Ridge, FY 13 FY 14 SI 13%2 Mineral Resources Ore Reserves
Slide 18: Gold Ridge – Operations suspended
Gold Ridge – Operations suspended For personal use only ˃ Gold Ridge Operations (Solomon Islands) remain suspended while force majeure conditions continue ˃ Workforce and costs have been significantly reduced to suit current scale of activities ˃ Escalating security situation led to a withdrawal fro
Slide 19: Conclusion
Conclusion ˃ Potential long term, cash generating gold operation For personal use only ˃ Substantial past capital expenditure provides base for turnaround ˃ New low hour mining fleet achieving required mining rates ˃ Plant expansion SAG Mill circuit operating ˃ Improvement in asset management/mainte
Slide 20: Questions?
Questions? For personal use only 19 / PNG MINING SEMINAR / 2 December 2014
Slide 21: Appendices
Appendices For personal use only Near shore sedimentation sampling at Simberi Photo: George Samson 20 / PNG MINING SEMINAR / 2 December 2014
Slide 22: Essential to reduce unit cash operating costs
Essential to reduce unit cash operating costs For personal use only Gold price, cash operating costs & St Barbara share price 2014 A$/oz SBM 2,400 $0.45 A$ Total Cash Op. Cost /oz 2,200 $0.40 ˃ Average realised gold 2,000 SBM $0.35 price in Q1 Sep 2014 1,800 $0.30 was $1,388/oz 1,600 $0.25 ˃ Simberi
Slide 23: Simberi production summary ($AUD)
Simberi production summary ($AUD) Production Summary Q3 Mar Q4 Jun Q1 Sep Simberi FY14 FY14 FY15 Total ore & waste mined kt 589 1,462 1,401 For personal use only Ore mined kt 421 499 402 Grade g/t 1.0 1.1 1.1 Ore milled kt 368 463 536 Grade g/t 1.2 1.1 0.9 Recovery % 79 77 79 Gold production oz 10,8
Slide 24: 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 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 Rowan Cole Company Secretary E: info@stbarbara.com.au T: +61 3 8660 1900 www.stbarbara.com.au ASX: SBM 25 / PNG MINING SEMINAR / 2 December 2014
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