St. Barbara Ltd. · ASX:SBM
St. Barbara — Investor Presentation (October 2026)
30 slides from St. Barbara's investor presentation, Oct 27, 2026
Slide 1: European Investor Presentation
rsonal use only ━━━━━━ European Investor Presentation October / November 2026
Slide 2: Disclaimer
2 Disclaimer This presentation has been prepared by St Barbara Limited (“Company”). The material contained in this presentation is summary information for general information purposes only. This presentation is not investment advice, nor is it an offer or invitation for subscription or purchase of,
Slide 3: Disclaimer: JORC Code
3 Disclaimer JORC Code It is a requirement of the ASX Listing Rules that the reporting of 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 Resources and Ore Reserv
Slide 4: Corporate Overview
01 rsonal use only Corporate Overview
Slide 5: Corporate Summary
5 Corporate Summary Capital Structure Shareholders3 rsonal use only Shares on issue (ASX: SBM) 1,226.1M Performance rights 69.5M Institutional (60%) Share price1 A$0.79 Retail (32%) Other (8%) Market capitalisation1 A$963M Substantial Cash2 A$416M Shareholders - Paradice (6.9%) - Vanguard (5.7%) Deb
Slide 6: Simberi Sale Transaction Summary
6 Simberi Sale Transaction Summary St Barbara to divest its remaining 40% interest in the New Simberi Gold Project to Lingbao Gold for A$453m cash PLUS royalties rsonal use only TOTAL CONSIDERATION TRANSACTION STRUCTURE ROYALTY PORTFOLIO A$453 million cash PLUS royalties 40% sale of New Simberi 2.75
Slide 7: St Barbara management team
7 St Barbara management team rsonal use only Andrew Strelein Sara Prendergast Phil Stephenson Brett Ascott Kylie Panckhurst Roger Mustard David Cotterell Managing Director & CEO Chief Financial Officer Operations Advisor EGM Projects & General Counsel & EGM Exploration GM Business Development & Tech
Slide 8: Capital Management outlook
02 rsonal use only Capital Management outlook
Slide 9: Pro forma cash position
9 Pro forma cash position Cash build up (A$m) Key takeaways rsonal use only • St Barbara to receive A$410m in 453 869 upfront cash from Lingbao and A$43m capital reimbursement from expenditure on the New Simberi Gold Project from April until signing ‒ As at 31 August this was A$43m • Existing cash b
Slide 10: Fully Franked Dividends
Fully Franked 10 Dividends • Following the transaction, St Fully franked dividend payment capacity (A$m) Barbara is considering full distribution of franking credits rsonal use only with total of A$221m to shareholders, consisting of 159 221 1) A$0.05 per share dividend paid on 16 October 2) Fully f
Slide 11: Business overview
03 rsonal use only Business overview
Slide 12: Overview of Nova Scotia Projects
12 Overview of Nova Scotia Projects Integrated Operation with 15-Mile Processing Hub Project Nova Scotia Projects comprise: Touquoy Restart: rsonal use only 1 • To produce gold from the processing of existing stockpiles through the existing Touquoy processing plant 15-Mile Mine: 2a • Four simple low
Slide 13: Nova Scotia management team and key personnel
13 Nova Scotia management team and key personnel Strong management team, with key personnel having years of experience in the region rsonal use only Andrew Taylor P. Eng Craig Hudson P. Eng Andrew Taylor P. Eng VP Operations Dustin O'Leary Adam Guignard Jennifer Adshade Melissa Nicholson Executive V
Slide 14: Project status
14 Project status Following the New Simberi sale, St Barbara will be a Nova Scotia focused developer, with near term production at Touquoy Restart while progressing development activities at the 15-Mile Processing Hub rsonal use only Touquoy Restart Touquoy Restart PFS completed Operating cash flow
Slide 15: Upcoming Milestones
15 Upcoming Milestones Following the New Simberi sale, St Barbara will be a Nova Scotia focused developer, with near term production at Touquoy Restart while progressing development activities at the 15-Mile Processing Hub rsonal use only Touquoy Restart Q4 CY26 Touquoy Restart production Restart of
Slide 16: Nova Scotia Projects Timeline
16 Nova Scotia Projects Timeline 15-Mile Processing Hub FID targeted by end of FY27, with production targeted to commence in FY30 FY 2027 FY 2028 FY 2029 FY 2030 rsonal use only Touquoy Restart Dec Jun Dec Jun Dec Jun Dec Jun Re-commissioning mill and construction of in-pit tailings Touquoy producti
Slide 17: Updated PFS Highlights
17 Updated PFS Highlights Updated PFS delivers a larger Ore Reserve, longer mine life and materially enhanced economics versus the January 2026 study rsonal use only 1.44 Moz 13 years 1,377 koz 1,098 US$/oz 1,705 A$m 81.6 % ORE RESERVES +17% MINE LIFE LOM GOLD PRODUCED LOM AISC POST-TAX NPV5 POST-TA
Slide 18: Nova Scotia Projects – Touquoy Restart and 15-Mile Hub
18 Nova Scotia Projects – Touquoy Restart and 15-Mile Hub Nova Scotia Nova Scotia Projects Projects Production Production vs AISC1 vs AISC 1 Growth Capital Growth and (US$m) Initial Capital 1 (US$m) 1 rsonal use only 150 2,000 250 Initial Capital Expansion Capital 133 125 125 205 1,600 112 200 107 1
Slide 19: Touquoy Restart Project Overview
19 Touquoy Restart Project Overview Nova Scotia Projects 1 Project Details1 Key Metrics • Touquoy Restart Study results1 outlined a near-term, low capital and low-cost Processing life rsonal use only 1.1 years restart ‒ Initial capital of C$11.4m Total Mill Feed Tonnes 3.0 Mt ‒ Estimated gold produc
Slide 20: 15-Mile Processing Hub Project Overview
20 15-Mile Processing Hub Project Overview Nova Scotia Projects 2 3 4 Project Details1 Key Metrics • The Updated PFS leverages the PFS completed in January 2026 with updated Total waste mined 109.2 Mt rsonal use only resource models and associated changes to mine design, pit sequencing, stockpiles a
Slide 21: Nova Scotia Exploration – 15-Mile Exploration Pipeline
21 Nova Scotia Exploration – 15-Mile Processing Hub Exploration Pipeline 15-Mile Processing Hub Exploration Pipeline, Nova Scotia, Canada • 46 exploration targets within 75 km of the proposed 15-Mile Processing Hub Project ranging from: rsonal use only ‒ Stage A (conceptual target) ‒ Stage B1 (drill
Slide 22: Nova Scotia Exploration - 15-Mile Processing Hub Exploration Pipeline
22 Nova Scotia Exploration - 15-Mile Processing Hub Exploration Pipeline 46 exploration targets within 75 km of the proposed 15-Mile Processing Hub Project rsonal use only
Slide 23: Nova Scotia Exploration – Old Austen Mine Down-Plunge
23 Nova Scotia Exploration – Old Austen Mine Down-Plunge Old Austen Mine Down-Plunge Prospect and along strike at the Mill Shaft West Prospect have been prioritised1 rsonal use only Note: 1. Refer to ASX announcement on 28 September 2026 titled “Nova Scotia Exploration Acceleration Update”
Slide 24: Appendix
rsonal use only Appendix A
Slide 25: Nova Scotia Ore Reserves
25 Nova Scotia Ore Reserves Proved Probable Total Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Deposit (Mt) (g/t Au) (000’s) (Mt) (g/t Au) (000’s) (Mt) (g/t Au) (000’s) 15-Mile Mine - - - 23.6 1.1 860 23.6 1.1 860 rsonal use only Old Mitchell Mine 8.1 1.1 290 1.6 1.0 50 9.6 1.1 340 Ol
Slide 26: Nova Scotia Mineral Resources
26 Nova Scotia Mineral Resources Measured Indicated Inferred Total Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Deposit (Mt) (g/t Au) (000’s) (Mt) (g/t Au) (000’s) (Mt) (g/t Au) (000’s) (Mt) (g/t Au) (000’s) 15-Mile Mine - - - 30.2 1.2 1,190 5.5 1.1 200 35.7 1.2 1,
Slide 27: Simberi Gold Ore Reserves
27 Simberi Gold Ore Reserves Proved Probable Total Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Deposit (Mt) (g/t Au) (000’s) (Mt) (g/t Au) (000’s) (Mt) (g/t Au) (000’s) Simberi Oxide 4.6 1.1 160 2.1 1.1 75 6.6 1.1 235 rsonal use only Simberi Sulphide 5.0 2.1 330 10.3 2.1 680 15.3 2.1
Slide 28: Simberi Gold Mineral Resources
28 Simberi Gold Mineral Resources Measured Indicated Inferred Total Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Deposit (Mt) (g/t Au) (000’s) (Mt) (g/t Au) (000’s) (Mt) (g/t Au) (000’s) (Mt) (g/t Au) (000’s) Simberi Oxide 6.5 1.0 210 7.5 1.2 290 1.5 0.9 45 15.4 1.
Slide 29: Contact Information
29 Contact Information INVESTOR RELATIONS MEDIA RELATIONS rsonal use only David Cotterell Sodali & Co. General Manager Business Development & Investor Relations Paul Ryan T: +61 3 8660 1959 M: +61 409 296 511 M: +61 447 644 648 E: info@stbarbara.com.au
Slide 30: rsonal use only
StBarbara AjuO asn feuosle