St. Barbara Ltd. · ASX:SBM

St. Barbara — Non-Deal Roadshow (May 2007)

42 slides from St. Barbara's roadshow presentation, May 22, 2007

1. Slide 1: European Roadshow

   St Barbara Limited ACN 009 165 066 Level 21, 90 Collins Street, Melbourne Vic 3000 Telephone +61 3 8660 1900 Facsimile +61 3 8660 1999 Email meibourne@stharbara.comau Website www. stbarbara com au European Roadshow We attach a copy of a presentation being given to United Kingdom and European investo

2. Slide 2: Eduard Eshuys, Managing Director & CEO, May 2007

   se a LLL HAN Li iiniiil AM Eduard Eshuys, Managing Director & CEO May 2007

3. Slide 3: Se OS SE

   oo — Se OS SE So . — . - Se rr— — r—<—‘“‘“‘i‘i‘O

4. Slide 4: — eS oo — — - — — a

   — eS oo — — - — — a

5. Slide 5: — CCC

   SS Se — = — CCC

6. Slide 6: —r—C=BE

   —r—C=BE

7. Slide 7: Our Current Interests...

   Our Current Interests... i Eand portfolio 5,000sq km One of largest in region Three mills capacity /.7Mt pa 1 Endowment 23.2M ounces of gold Past exploration only 30% effective on Southern Cross & Leonora holdings 1 Low political and environmental risk _

8. Slide 8: Southern Cross Operations

9. Slide 9: Cash Cost (A$/oz)

   _ N 9 x = c ° o Ss Be ° a _ Cash Cost (A$/oz)

10. Slide 10: Marvel Loch

    Marvel Loch Cornerstone of SX O

11. Slide 11: rrr

    — _ ee = rrr rr oo — oS x — rr — CCC

12. Slide 12: Past production 864,000 oz

    | Pasl production 864,000 oz Ake Continued open pit mining at yh ‘ ; | . | Hercules Nevoria u/e and open pil Drilling & evaluating Gia) for “reserves

13. Slide 13: — SS So — — oO] oO << oo Bee i a reed, nip

    — SS So — — oO] oO << oo Bee i a reed, nip

14. Slide 14: GVG Cross Section 3920N

    GVG Cross Section 3920N

15. Slide 15: SS

    SS

16. Slide 16: — OC

    — OC

17. Slide 17: Gwalia Deeps Reserves & Resources

18. Slide 18: Gwalia Deeps Long Section

    [ a Deeps Long Section soe

19. Slide 19: 0.6m @ 21.4g/t Au

    0.6m @ 21.4git Be

20. Slide 20: = oe

    = oe

21. Slide 21: Soe

    — Soe 2 rE oO — — i. S x rm LU rr — CCC

22. Slide 22: SES ©

    oS SES © Se . So Se eee

23. Slide 23: cdr

    . oe cdr

24. Slide 24: Leonora Gold Deposits

    Leonora Gold Deposits ee — Wa Se | Evaluating open pil 2 : | resources at Kailis and LF ee a. ve q 7 = oe oO : 8 8 lCr—r”t—“‘“=#EE lower Hill Le eo . : j ie Le a _ _ Kallis resources 3.6Mt @1.98/t for 220,000 oz a us eee ) a Ue,

25. Slide 25: Tower Hill Cross Section

    Tower Hill Cross Section oy ee oo 3 nica

26. Slide 26: South Leonora Gravity Exploration Targets

    South Leonora Gravity Exploration Targets Tower Hill

27. Slide 27: World Class Nickel Province

    World Class Nickel Province | Current reserves and resources + 9, 6ML contained nickel | -100kt annual production SBM tenements host > 100 strike km of prospective ultramafic Stratigvaphy _

28. Slide 28: Sullivans Nickel Drilling

    Sullivans Nickel Drilling

29. Slide 29: Leonora Zn-Cu Targets

    Leonora Zn-Cu Targets

30. Slide 30: i) | I a D i ee oe a) a : Ne a Le

    i) | I a D i ee oe a) a : Ne a Le y i E ail,

31. Slide 31: Bendigo interest

    Lo a we Ly ae oD LL DD a Ve Le te ees a a oe a es - 4 a Le a 7 oe —— co ees = St Barbara holds 10% Historical production 22Moz to depth 750m Bendigo 2 largest Australian gold field after Kalgoorlie Inferred resources L \Moz to depth 1,500m

32. Slide 32: rm LU

    oe = : — = x rm LU rr eee — rr rE OS — CCC

33. Slide 33: rrr

    2 =| rrr — --— — i. S x rm LU rr Oo rrr OS — CCC

34. Slide 34: SEDER

    SEDER . . . . . . . . : = -

35. Slide 35: cr

    cr

36. Slide 36: In the meantime representing value

    In the meantime representing value ao Market Cap per Resource Ounce

37. Slide 37: — ls

    — 2 ls

38. Slide 38: ae

    ae

39. Slide 39: rrr

    — _ ee = rrr rr oo — oS x rm LU rr — CCC

40. Slide 40: Summary Reserve and Resources

    — eS oo — — . — - — AS ae — a

41. Slide 41: Senior Management Team

42. Slide 42: Slide 42

St Barbara — Non-Deal Roadshow (May 2007) on 6ix