St. Barbara Ltd. · ASX:SBM
St. Barbara — 14th PNG Mining and Petroleum Investment Conference 2016
31 slides from St. Barbara's conference presentation, Dec 5, 2016
Slide 1: Presentation to PNG Mining and Petroleum Investment Conference
ASX Release / 5 December 2016 Presentation to PNG Mining and Petroleum Investment Conference Attached is a presentation by Bob Vassie, Managing Director and CEO, to the 14th Papua New Guinea Mining and Petroleum Investment Conference in Sydney today. Investor Relations Mr Rowan Cole Company Secretar
Slide 2: PNG Mining & Petroleum Investment Conference
BOB VASSIE, MANAGING DIRECTOR & CEO / 5 December 2016 PNG Mining & Petroleum Investment Conference
Slide 3: Disclaimer
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 Compa
Slide 4: Contents
Contents Overview Strategic Review Simberi Operations People + Community Exploration 3 / PNG Mining & Petroleum Conference / 5 December 2016
Slide 5: Overview of operations
Overview of operations ASX 200 listed Company (SBM), founded 1969 Consolidated production > Shares on issue 497 M ˃ FY16 387 koz @ AISC4 A$933/oz > Market Cap2 A$1,099 M ˃ FY17F3 355 koz @ AISC A$1,030/oz > Ore Reserves June 2016 4.0 Moz 1 > Mineral Resources June 2016 9.1 Moz 1 Simberi Leonora ˃ Gw
Slide 6: Simberi Operations
Simberi Operations 5 / PNG Mining & Petroleum Conference / 5 December 2016
Slide 7: Start safe, stay safe
Start safe, stay safe Simberi Total Recordable Injury Frequency Rate1 10 8 6 4 2 0 FY13 FY14 FY15 FY16 Recordable Injury 12 Month TRIFR Ongoing improvement in safety results ˃ Regulatory & internal audits ˃ Heavy vehicle safety - training focus in FY16 ˃ Strong team commitment 6 / PNG Mining & Petro
Slide 8: Mining rate is the key to production
Mining rate is the key to production Mining 9,898 (kt) 6,293 Mining Consecutive years of >50% improvement 4,151 Processing 110 3.3 Mt processed in FY16, 29% improvement Y on Y Production (koz) 80 44 FY14 FY15 FY16 Production Mining 7 / PNG Mining & Petroleum Conference / 5 December 2016 Mining is to
Slide 9: Simberi FY14, FY15 and FY16
Simberi FY14, FY15 and FY16 SIMBERI MINE OUTPUT SIMBERI GOLD PRODUCTION 9,899 kt 110 koz 80 koz 6,293 kt 4,151 kt 44 koz FY14 FY15 FY16 FY14 FY15 FY16 SIMBERI MILL THROUGHPUT AISC1 (A$/oz) 3,315 kt 2,300 2,670 kt 1,464 1,293 1,713 kt FY14 FY15 FY16 FY14 FY15 FY16 8 / PNG Mining & Petroleum Conferenc
Slide 10: St Barbara to retain and operate Simberi Operations
Strategic review complete St Barbara to retain and operate Simberi Operations Option and Farm-in Agreement with Newcrest for joint copper- gold porphyry exploration on nearby islands Focused exploration underway on Tatau and Big Tabar to improve the economics of possible future sulphide expansion Fo
Slide 11: Exploration
Exploration 10 / PNG Mining & Petroleum Conference / 5 December 2016 Left, Descent from Mt Banesa, Top, view from Tomalabat Exploration camp, Bottom, drilling at Mt Letam copper-gold porphyry prospect
Slide 12: Exploration
Exploration Progressing exploration to add resources and reserves to current oxide mine life and potential sulphide project Bekou South Mt Letam, Tatau Southwest Tatau LiDAR (Light Detection and Ranging) survey of Tatau and Big Tabar Islands to generate an accurate and detailed digital terra
Slide 13: Bekou South, Simberi Island
Bekou South, Simberi Island 10 hold diamond drill program was completed at Bekou South during the June 2016 quarter Final results for the drilling program were received during the September 2016 quarter 12 / PNG Mining & Petroleum Conference / 5 December 2016 For full explanation and results ref
Slide 14: Mt Letam, Tatau Island
Mr Letam, Tatau Island A single 530m diamond drill hole was completed on the Au-Cu porphyry prospect during the September 2016 quarter Results to be interpreted during the December 2016 quarter 13 / PNG Mining & Petroleum Conference / 5 December 2016 For full explanation and results refer ASX re
Slide 15: Southwest Tatu Island
Southwest Tatu Island Trenching and diamond drill program underway targeting higher grade sulphide- oxide potential 14 / PNG Mining & Petroleum Conference / 5 December 2016 For full explanation and results refer ASX release 19 October 2016 ‘Quarterly Report September 2016’
Slide 16: People and Community
People and Community Gwalia Processing plant Gwalia Gwalia –– Underground Underground mining mining Truck Truck 15 / PNG Mining & Petroleum Conference / 5 December 2016
Slide 17: Economic contribution
Economic contribution PGK million Salaries FY14 FY15 FY16 Island Residents 12 10 12 Nationals 22 19 19 Total salaries 34 29 31 Purchases within PNG (inc. with local contractors and landowner businesses) • food and materials 61 51 58 • services, airlines, freight 60e 50e 69 Local Area compensation pa
Slide 18: Commitment to employing the community
Commitment to employing the community Simberi Operation directly employs Total Simberi Employees approx. 630 PNG Nationals Expats 4% Supports landowner businesses through 30 direct contracts totalling 20 million kina in FY16 PNG Gwalia Processing plant Gwalia Gwalia –– Underground Underground mining
Slide 19: Upskilling our workforce
Upskilling our workforce Commitment to upskilling our workforce Apprenticeships ˃ 900,000 Kina spent on training in FY16 Traineeships ˃ 17 enrolled in nationally recognised apprenticeships Gwalia Processing plant Gwalia Gwalia –– Underground Underground Scholarships mining mining Truck Truck ˃ 3 sch
Slide 20: Addressing Family & Sexual Violence
Addressing Family & Sexual Violence > PNG Business Coalition for Women > Gender Smart Safety Project – delivering robust and sustainable gender-smart safety management and practices > The Warrior Culture Program – education and awareness program on domestic violence with very positive feedback > Fam
Slide 21: Supporting the community
Supporting the community Ongoing focus on road and water infrastructure, education, medical services ˃ Maintaining roads bridges, water supply, school and clinics ˃ Logistical support to school and police Gwalia Processing plant Gwalia Gwalia –– Underground Underground mining mining Truck Truck inc.
Slide 22: Supporting the community
Supporting the community Simberi Ring Road Maintenance > Resurfacing utilizing local landowner contractors > Re-sheeting of washouts / potholes > Culvert and bridge maintenance Gwalia Processing plant Gwalia Gwalia –– Underground Underground mining mining Truck Truck School Support > K10,000 towards
Slide 23: Supporting Simberi's future
Supporting Simberi’s future Increased focus on sustainable and independent business development ˃ Landowners business umbrella company ‘SMS’ (Simberi Mining Services) established to provide sustainable business opportunities post mining e.g. bakery, rehabilitation, Gwalia Gwalia –– Underground Under
Slide 24: Conclusion
Conclusion ˃ Simberi turn-around complete ˃ Proven to be a reliable cash generating business ˃ 6 quarters of greater than 100 koz p.a. rate ˃ Approximately 2 more years of oxide mine life remaining – exploration underway for additional sources of oxide to extend mine life ˃ Sulphide project estimate
Slide 25: Questions?
Questions? 24 / PNG Mining & Petroleum Conference / 5 December 2016
Slide 26: Appendices
Appendices Near shore sampling at Simberi 25 / PNG Mining & Petroleum Conference / 5 December 2016
Slide 27: Simberi FY17 guidance and production summary
Simberi FY17 guidance and production summary Simberi Guidance for FY17 ˃ Gold production of between 95,000 and 105,000 ounces ˃ All-In Sustaining Cost1 (AISC) of between A$1,330 and A$1,490 per ounce (derived from AISC in Simberi’s functional currency of between US$1,000 to US$1,120/ounce) ˃ Sustain
Slide 28: Ore Reserves & Mineral Resources at June 2016
Ore Reserves & Mineral Resources at 30 June 2016 Mineral Resources Ore Reserves (Moz) (Moz) 9.2 9.1 5.0 4.6 Simberi 4.0 4.0 Leonora 2.1 1.9 Simberi 4.2 4.5 Leonora 1.9 2.1 FY 15 FY 16 FY 15 FY 16 Refer ASX announcement released 23 August 2016 titled ‘Ore Reserves and Mineral Resources 27 / PNG Minin
Slide 29: Competent Persons Statement
Competent Persons Statement 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 Mustard is a full-time empl
Slide 30: Non-IFRS Measures
Non-IFRS Measures 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 assist management, invest
Slide 31: Investor Relations Enquiries
Investor Relations Enquiries Rowan Cole Garth Campbell-Cowan Company Secretary Chief Financial Officer T: +61 3 8660 1900 E: info@stbarbara.com.au 30 / PNG Mining & Petroleum Conference / 5 December 2016
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