St. Barbara Ltd. · ASX:SBM
St. Barbara — Diggers & Dealers Mining Forum 2012
33 slides from St. Barbara's conference presentation, Aug 6, 2012
Slide 1: Presentation to analysts and investors attending 2012 Diggers & Dealers
St Barbara Limited ACN 009 165 066 Level 10, 432 St Kilda Road, Melbourne VIC 3004 Locked Bag 9, Collins Street East, Melbourne VIC 8003 Tel +61 3 8660 1900 Fax +61 3 8660 1999 www.stbarbara.com.au For personal use only Presentation to analysts and investors attending the 2012 Diggers & Dealers Mini
Slide 2: Proven Performance, Creating Value
For personal use only Proven Performance, Creating Value Diggers and Dealers Mining Forum 6-8 August 2012 1
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: St Barbara at a glance
St Barbara at a glance For personal use only • Australian gold producer and explorer • Two operations, three mines • Proven development and operations credentials • FY 12 production 339,000 ounces • Ore Reserves 2.8 Moz (14.7 Mt @ 5.8 g/t Au) contained gold [1] • Gwalia Mineral Resources increased i
Slide 5: Proven performance – translating production into profit
Proven performance – translating production into profit For personal use only Gold Production Underlying Profit Per Ounce [1] +116% 346 FY 08 to FY 12 1H only 339 211 258 239 231 63 1 157 -186 FY 08 FY 09 FY 10 FY 11 FY FY 12 12 FY 08 FY 09 FY 10 FY 11 1H 1H FY12 FY 12 koz A$M Financial years to 30
Slide 6: FY consolidated guidance achieved for production and costs
FY 12 consolidated guidance achieved for production and costs For personal use only FY 12 Production to Guidance 185 175 190 Gwalia 57 King of the Hills 55 60 97 Marvel Loch 90 100 339 Consolidated 320 350 -20 -10 0 +10 +20 Guidance Mid Points and Ranges koz Diggers & Dealers Mining Forum – August 2
Slide 7: Positive cash generation
Positive cash generation For personal use only Cash Flow From Operations Cash & Debt Per Share 185 $0.36 $0.29 $0.26 1H only 79 $0.11 12 4 Debt Debt FY 09 FY 10 FY 11 1H 1H FY 12 Jun 2011 Jun 2012 A$ FY 12 A$M Shares adjusted for 6:1 consolidation Nov 2010 Diggers & Dealers Mining Forum – August 201
Slide 8: Gwalia Mine, Leonora
Gwalia Mine, Leonora - high quality, long life, rich gold deposit For personal use only • Ore Reserves of 6.9 Mt at 8.9 g/t Au containing 2.0 Moz of gold [1] • Mineral Resources extended to 1,840 mbs, open to north, south and at depth • Indicative 8+ year mine life based on Ore Reserves • FY13 forec
Slide 9: Increasing exploration activity – targeting new discoveries
Increasing exploration activity– targeting new discoveries to leverage value For personal use only • Drilling for new discoveries • Over 5,000 km2 of prospective land • Anticipated annual spend $20-25M p.a. Exploration 22 20 Total Total 12 10 Drilling Drilling FY 11 A$M FY 12 F Diggers & Dealers Min
Slide 10: Strength across the value chain
Strength across the value chain For personal use only Exploration • 515,000 oz increase in Gwalia Mineral Resources in FY11 • Initial Mineral Resource estimate in FY12 for Frasers, Southern Cross, of 2.1 Mt @ 5.2 g/t Au containing 355,000 oz Reserves • 8 years Ore Reserves at Gwalia (6.9 Mt @ 8.9 g/
Slide 11: Proposal to combine with Allied Gold
Proposal to combine with Allied Gold For personal use only • Consistent with strategy of last 3 years to grow long term EPS • Acquisition of two gold producing, 8+ year operations: • Gold Ridge, Solomon Islands • Simberi, Papua New Guinea • Significant near mine and regional exploration along Pacifi
Slide 12: Why Allied Gold?
Why Allied Gold? For personal use only • Allied Gold consistently rated as one of the best value targets in the region for relatively long term, profitable gold operations. • Highly geologically attractive yet under explored region. • Offer based on detailed due diligence, including rebuilding our o
Slide 13: Combined Group - Proven Producing Assets
Combined Group - Proven Producing Assets Supplemented by Development and Exploration Opportunities For personal use only Leonora Simberi • Gwalia underground mine Simberi • Simberi open pit mine • King of the Hills underground • Simberi processing plant (2.0Mtpa) mine • FY13F production: 70 – 80koz1
Slide 14: Enhanced Diversification
Enhanced Diversification For personal use only Reserves by Asset1 St Barbara Combined Group Allied Gold (2.8 Moz) (5.9 Moz) (3.2 Moz) 12% 19% 8% 33% 36% 8% 64% 72% 34% 6% 4% 4% FY13F Production by Asset (midpoint)2 St Barbara Combined Group Allied Gold (c.260 koz) (c.435 koz) (c.175 koz) 22% 23% 42%
Slide 15: Project Pipeline Spanning Exploration to Gold Production
Project Pipeline Spanning Exploration to Gold Production For personal use only St Barbara’s established, producing and cash flow generative assets at Gwalia, King of the Hills and Southern Cross complement Allied Gold’s expansion and exploration projects at Simberi, Gold Ridge and Tabar-Tatau Projec
Slide 16: Appendices
Appendices For personal use only Diggers & Dealers Mining Forum – August 2012 15
Slide 17: FY13 guidance
FY13 guidance For personal use only King of Marvel Gwalia Total the Hills Loch Leonora Leonora S’thn Cross Gold koz 175-190 55-60 20-25 250-275 production FY13 guidance, including cash operating cost and capex ranges, is anticipated to be released by 31 August 2012. 16 Diggers & Dealers Mining Forum
Slide 18: Board of Directors
Board Boardof Directors of Directors For personal use only S J Colin Wise Phillip C Lockyer Chairman – Non Executive Director– Non Executive Mr Wise is an experienced corporate lawyer, consultant Mr Lockyer is an experienced mining engineer and and company director with significant expertise in the
Slide 19: Executive Management
Executive Management Executive management For personal use only Tim Lehany Ross Kennedy Managing Director Executive General Manager Corporate and Chief Executive Officer Services/Company Secretary Tim joined St Barbara in March 2009, and has over 20 years Ross has been with St Barbara since 2004. He
Slide 20: Leonora regional strategies to leverage value from existing infrastructure
Leonora regional strategies to leverage value from existing infrastructure For personal use only • King of the Hills successfully developed • Near mine and regional exploration for more options • Focus on Greater Gwalia Area Diggers & Dealers Mining Forum – August 2012 19
Slide 21: Southern Cross Operations
Southern Cross Operations Strategic options being evaluated For personal use only • Marvel Loch due to go on care and maintenance Dec 2012 Diggers & Dealers Mining Forum – August 2012 20
Slide 22: Exploration at East Lachlan, NSW
Exploration at East Lachlan, NSW -targeting copper-gold porphyry deposits For personal use only • Large and prospective land position • Encouraging results from first drilling program, may indicate being proximal to a potential infusion-related copper-gold system • Follow-up detailed gravity surveys
Slide 23: Strong institutional share register, wide broker coverage
Strong institutional share register, wide broker coverage For personal use only Top 100 Shareholding Structure Australia, 32% Private 5% USA, 26% Unallocated / not analysed 8% UK, 27% Institutions 87% Europe, 4% Asia, 5% Analysis and geographic spread of Top 100 Shareholders as at 17 July 2012 Other
Slide 24: Strong institutional share register, wide broker coverage
Strong institutional share register, wide broker coverage For personal use only Significant Shareholders [1] Broker Research Coverage Argonaut Securities Troy Irvin M&G Investment Mgt 18% Baillieu Ray Chantry Van Eck Associates 6% Bell Potter Stephen Thomas Franklin Resources 6% Citi Craig Sainsbury
Slide 25: Production summary
Production summary For personal use only Production Summary Sep Qtr Dec Qtr Mar Qtr Jun Qtr Year Consolidated FY12 FY12 FY12 FY12 FY12 Gold Production Gwalia oz 40,306 46,007 43,881 54,340 184,534 King of the Hills oz 9,343 14,107 17,110 16,393 56,953 Southern Cross oz 20,959 23,501 24,849 28,083 97
Slide 26: Mineral Resources Statement
Mineral Resources Statement As at 30 June 2011* For personal use only Region Category Measured Indicated Inferred Total Project Tonnes Gold Grade Contained Tonnes Gold Grade Contained Tonnes Gold Grade Contained Tonnes Gold Grade Contained Gold Gold Gold Gold kt Au g/t koz kt Au g/t koz kt Au g/t ko
Slide 27: Ore Reserves Statement
Ore Reserves Statement As at 30 June 2011* For personal use only Region Category Proved Probable Total Tonnes Gold grade Gold Tonnes Gold grade Gold Tonnes Gold grade Gold Project kt Au g/t koz kt Au g/t koz kt Au g/t koz Leonora Gwalia Deeps 2,015 7.1 460 4,902 9.6 1,512 6,917 8.9 1,973 Tower Hill
Slide 28: Allied Gold: Solomon Islands Overview
Allied Gold: Solomon Islands Overview For personal use only Country Overview Solomon Islands Map • Located east of Papua New Guinea, consisting of nearly 1,000 separate islands • Capital is Honiara on the island of Guadalcanal • A former British Colony, remains a member of the Commonwealth • Self-go
Slide 29: Allied Gold: Papua New Guinea Overview
Allied Gold: Papua New Guinea Overview For personal use only Country Overview Papua New Guinea Map • Located in Oceania, occupying the eastern half of the island of New Guinea between the Coral Sea and South Pacific Ocean, east of Indonesia • Capital is Port Moresby with a population of c. 300,000 •
Slide 30: Competent persons statement
Competent persons statement For personal use only The information in this presentation that relates to Exploration Results and Mineral Resources is based on information compiled by Phillip Uttley who is a Fellow of the Australasian Institute of Mining and Metallurgy. Phillip Uttley is a full-time em
Slide 31: 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 32: Non-IFRS Measures
Non-IFRS Measures For personal use only Underlying Profit Per Ounce 1H FY 12 FY 11 FY 10 FY 09 FY 08 Underlying net profit after tax A$000 53,347 54,431 14,547 209 (29,291) Gold production oz 154,223 258,474 231,018 238,900 157,477 Underlying Profit Per Ounce A$/oz 346 211 63 1 -186 Source: FY 08 to
Slide 33: Investor Relations Enquires
Investor Relations Enquires 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 Diggers & Dealers Mining Forum –