St. Barbara Ltd. · ASX:SBM
St. Barbara — Precious Metals Summit Beaver Creek 2023 and Gold Forum Americas 2023
33 slides from St. Barbara's conference presentation, Sep 12, 2023
Slide 1: Presentation to investors at North American Conferences
12 September 2023 Presentation to investors at North American Conferences Attached is a presentation by Mr Andrew Strelein, Managing Director & CEO, to investors this week at the Precious Metals Summit Beaver Creek and next week at the Gold Forum Americas. Authorised by Andrew Strelein Managing Dire
Slide 2: Investor Presentation
Investor Presentation Andrew Strelein, Managing Director & CEO September 2023
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: Disclaimer
Disclaimer JORC Code It is a requirement of the ASX Listing Rules that the reporting of (amongst other things) 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 Res
Slide 5: Acknowledgement of Country
4 Acknowledgement of Country We at St Barbara acknowledge the First Nations people of the ancestral lands on which we operate in Australia, Canada and Papua New Guinea. We pay our respects to all First Nations people, and to Elders past, present, and emerging.
Slide 6: Corporate Overview
Corporate Overview
Slide 7: Corporate Overview
6 Corporate Overview Corporate Structure Shareholders3 Shares on issue (ASX: SBM) 817.9M Institutional 49% Performance rights 7.6M Share price1 $0.19 Market capitalisation1 $151M Retail / HNW Cash2 $239M 44% Other 8% Debt Nil Substantial shareholders4 Baker Steel 8.6% BlackRock Group 6.1% 1. Based o
Slide 8: The St Barbara Asset Portfolio
7 The St Barbara Asset Portfolio Atlantic operations, Nova Scotia Simberi operations, Papua New Guinea Investment portfolio Atlantic Operations1 Simberi Operations1 Assets Ore Reserves 46.0Mt @ 1.0 g/t for 1.5Moz Au Ore Reserves 34.8Mt @ 1.8 g/t for 2.0Moz Au Cash2 $239M Mineral Resource 57.0Mt @ 1.
Slide 9: Investment portfolio
8 Investment portfolio Listed equity investments1 • Catalyst (ASX:CYL), 12.7m shares ($7M) • Kin (ASX:KIN), 158.1m shares ($6M) • Peel (ASX:PEX), 41.5m shares ($5M) Unlisted equity investments • Linden (unlisted), 22.5m shares Royalty portfolio • ~20 mineral royalties majority in Western Australia •
Slide 10: Atlantic Operations
Atlantic Operations
Slide 11: Atlantic Operations
10 Atlantic Operations Overview • 1.9Moz in Mineral Resources / 1.5Moz in Ore Reserves • Located north-east of Halifax, Nova Scotia, Canada Atlantic Operations • Touquoy plant is a conventional carbon in leach circuit with 2.8Mtpa capacity Strategy Focus Areas Status Prioritise development of Fiftee
Slide 12: Fifteen Mile Stream Project
11 Fifteen Mile Stream Project Standalone project planned utilising the Touquoy plant • FMS to comprise up to four open Fifteen Mile Stream (FMS) is ~40km east-northeast of Touquoy, pits, with low strip ratios with Beaver Dam mid-way between Touquoy and FMS • Design targeting 10-year mine life and 6
Slide 13: Fifteen Mile Stream – Open Pit Layout
12 Fifteen Mile Stream – Open Pit Layout Updated project design, capital and operating cost estimates to Prefeasibility level due November 2023 • Touquoy plant is small footprint facility. Other site infrastructure is being completely redesigned for small disturbance (and cost) • Open pit sequencing
Slide 14: Fifteen Mile Stream – Mineral Resources and Ore Reserves
13 Fifteen Mile Stream – Mineral Resources Measured Indicated Inferred Total Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Deposit (000’s) (g/t Au) (000’s) (000’s) (g/t Au) (000’s) (000’s) (g/t Au) (000’s) (000’s) (g/t Au) (000’s) Egerton-MacLean 1,082 0.8 26 1,613
Slide 15: Atlantic Exploration – Cochrane Hill
14 Atlantic Exploration – Cochrane Hill • An initial diamond drill program comprising 25 holes for 2,500m is planned to test prospective stratigraphy along strike East and West of the Cochrane Hill Deposit • Significant intercepts at Cochrane Hill West requiring follow-up drilling include: • CHC-07-
Slide 16: Atlantic Exploration – Cochrane Hill Deeps
15 Atlantic Exploration – Cochrane Hill Deeps • 3 diamond drill holes for 1,500m planned to test down plunge of the deposit • Deeper drill intercepts located below the current pit optimisation includes: ‒ CH-18-299: 7m @ 23.7 g/t Au from 285m ‒ CH-18-273: 10m @ 3.8 g/t Au from 264m ‒ CH-18-345: 22m
Slide 17: Atlantic Exploration – Goldboro East
16 Atlantic Exploration – Goldboro East • An initial diamond drill program comprising 4 holes for 800m has been designed to test the Goldboro East target • The drilling is designed to test for shallow eastern extensions to Signal Gold’s Goldboro deposit (a ~3.0 Moz Au Open Pit and Underground NI 43-
Slide 18: Simberi Operations
Simberi Operations
Slide 19: Simberi Operations
18 Simberi Operations Overview Simberi • 4.0Moz in Mineral Resources Operations • 2.0Moz in Ore Reserves • Northernmost island in the Tabar group of islands in the New Ireland Province, Papua New Guinea • Open cut mine with a 3.5Mtpa plant (oxides) Strategy Focus Areas Status Extend oxide production
Slide 20: Simberi – current mine schedule extended out for FY24 to FY26
19 Simberi – current mine schedule extended out for FY24 to FY26 3,500,000 1.10 3,000,000 1.00 2,500,000 0.90 Gold grade (g/t) Ore Tonnes (t) 2,000,000 0.80 1,500,000 0.70 1,000,000 0.60 500,000 0 0.50 FY24 FY25 FY26 Measured Resources Indicated Resources Inferred Resources *Lower cut-off/material c
Slide 21: Simberi – Expansion Exploration Targets
20 Simberi – Expansion Exploration Targets • Detailed 3D modelling of sulphide mineralisation on ML136 has been completed targeting below and in between the Sorowar and Pigiput deposits as well as below Pigibo deposit • A diamond drill program comprising 32 holes for 7,200m was designed to further e
Slide 22: Sorowar – Pigiput Trend
21 Sorowar – Pigiput Trend • Sorowar Cross Section looking Northwest • Gold and multi- element geochemical studies highlight that the best developed and highest grade gold on the mine lease generally occurs in a "Productive Window" located between -25m RL and +75m RL • Drilling is targeting down dip
Slide 23: Sorowar – Pigiput Trend
22 Sorowar – Pigiput Trend • Southern Sorowar Cross Section looking North • Gold and multi- element geochemical studies highlight that the best developed and highest grade gold on the mine lease generally occurs in a "Productive Window" located between -25m RL and +75m RL • Drilling is targeting dow
Slide 24: Sorowar – Pigiput Trend
23 Sorowar – Pigiput Trend • Southern Sorowar Cross Section looking North • Drilling commenced in mid- August with 2 holes completed for 320m • Assay results are pending
Slide 25: Pigibo Extensions
24 Pigibo Extensions • Pigibo Cross Section looking Northwest • The Pigibo pit is currently constrained by the limit of drilling information • Drilling is targeting down dip of high-grade intercepts
Slide 26: Australian Exploration
Australian Exploration
Slide 27: Back Creek – following up encouraging results
26 Back Creek – following up encouraging results • EL8214 and EL8530 were recently renewed for 5 year terms • Soil sampling, aircore and diamond drilling programs are planned to advance the two main targets • Exploration is targeting porphyry copper-gold mineralisation in the east and mesothermal go
Slide 28: Back Creek South – West Targets
27 Back Creek South – West Targets • Limited aircore and diamond drilling at the SW target testing a 1km strike length • Best results include: ‒ BKAC0036: 6 m @ 1.60 g/t Au from 97 m, including 1 m @ 5.16 g/t Au from 100 m ‒ BKAC0059: 7 m @ 1.04 g/t Au from 38 m, including 1 m @ 3.37 g/t Au from 39
Slide 29: Supplementary slides
Supplementary slides
Slide 30: APPENDIX A – St Barbara Ore Reserves
APPENDIX A – St Barbara Ore Reserves Proved Probable Total Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Deposit (000’s) (g/t Au) (000’s) (000’s) (g/t Au) (000’s) (000’s) (g/t Au) (000’s) Touquoy 250 0.7 6 320 0.6 7 570 0.7 13 Beaver Dam 4,340 1.4 195 3,490 1.3 150 7,840 1.4 345 Fiftee
Slide 31: APPENDIX B – St Barbara Mineral Resources
APPENDIX B – St Barbara Mineral Resources Measured Indicated Inferred Total Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Deposit (000’s) (g/t Au) (000’s) (000’s) (g/t Au) (000’s) (000’s) (g/t Au) (000’s) (000’s) (g/t Au) (000’s) Touquoy - - - 1,249 0.6 23 100 0.5 1
Slide 32: Investor Relations enquiries
Investor Relations enquiries INVESTOR RELATIONS MEDIA RELATIONS David Cotterell Citadel-MAGNUS General Manager Business Development & Investor Relations Paul Ryan / Michael Weir T: +61 3 8660 1959 M: +61 409 296 511 M: +61 447 644 648 M: +61 402 347 032 E: info@stbarbara.com.au
Slide 33: St Barbara
St Barbara
St Barbara — Precious Metals Summit Beaver Creek 2023 and Gold Forum Americas 2023 on 6ix