St. Barbara Ltd. · ASX:SBM
St. Barbara — RIU Sydney Resources Round-Up 2013
24 slides from St. Barbara's conference presentation, May 14, 2013
Slide 1: Presentation to RIU Sydney Resources Round-Up
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 RIU Sydney Resources Round-Up Attached is a presentation being g
Slide 2: Well positioned in a lower gold price environment
For personal use only Well positioned in a lower gold price environment RIU Sydney Resources Round-up 14-16 May 2013 Garth Campbell-Cowan Chief Financial Officer 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: Pacific recovery underpinning improved cash generation
Pacific recovery underpinning improved cash generation For personal use only RIU Sydney Resources Round-up – May 2013 3
Slide 5: Production and cash growth
St Barbara Production and cash growth For personal use only • FY13F Attributable gold production 366-386 koz • FY13 Q4F production guidance 109-129 koz • Including Gwalia 56 koz [up 37%] • Cash at bank 31 March 2013 $120 million • Sale of Southern Cross Operations $18 million • Leonora strong cash g
Slide 6: Established operations, increasing production profile
Established operations, increasing production profile For personal use only Reserves: 5.6 Moz 4 Simberi Resources: 14.2 Moz 4 Simberi FY13F production: • Low strip open pit mine • aggregate 396 koz 2 • Expanding production Gold Ridge capacity to 100 koz p.a. • attributable 376 koz 3 • FY13F: 55-60 k
Slide 7: Company is well capitalised
Company is well capitalised For personal use only • Senior Secured Note issue for US$250 million completed • 5 year term – no amortisation required • Coupon 8.875% • No performance covenants, or repayments on the Notes for 5 years • A$150M syndicated bank debt facilities repaid (Red Kite gold loan r
Slide 8: Leonora Operations, Western Australia
Leonora Operations Western Australia For personal use only RIU Sydney Resources Round-up – May 2013 7
Slide 9: Gwalia Mine, Leonora, WA - long life, high grade, open at depth
Gwalia Mine, Leonora, WA - long life, high grade, open at depth For personal use only • Indicative 9+ year mine life based on Ore Reserves [1] • Mineral Resources extended to 1,840 mbs, open at depth • Current mining phase commenced October 2008 [1] As at 30 June 2012 RIU Sydney Resources Round-up –
Slide 10: Gwalia Mine: Strong and sustainable cash margins
Gwalia Mine, Leonora, WA Strong and sustainable cash margins For personal use only FY13 forecast • Capex FY13F A$47-50M • production 175 – 180 koz • Only sustaining capex required • cash costs A$740 -770/oz • All In Cash Cost of less than A$1,100/oz koz Annual production steady Quarterly grade will
Slide 11: Simberi Operations, Papua New Guinea
Simberi Operations Papua New Guinea For personal use only RIU Sydney Resources Round-up – May 2013 10
Slide 12: Lifting gold production volumes through expansion
Simberi, Papua New Guinea Lifting gold production volumes through expansion For personal use only • FY13F gold production 55-60 koz[2] lifting to 100 koz p.a. longer term • Oxide plant expansion due to be completed May 2013 • Long life • 9+ year mine life[1] • 2.0 Moz Ore Reserves[1] • 6.5 Moz Miner
Slide 13: Expansion secures growth and performance
Simberi, Papua New Guinea Expansion secures growth and performance For personal use only • Plant expansion commissioning Forecast Quarterly Production May 2013 koz 25 • Lifts production to est. 100 koz p.a. • Q3 demonstrated higher 20 production and lower costs • Other cost initiatives include 15 •
Slide 14: Gold Ridge Operations, Solomon Islands
Gold Ridge Operations Solomon Islands For personal use only RIU Sydney Resources Round-up – May 2013 13
Slide 15: Long life operation with near mine potential
Gold Ridge, Solomon Islands Long life operation with near mine potential For personal use only • FY13F production of 50-55 koz[2], lifting to 90-100 koz p.a. longer term • Long life • 9+ year mine life[1] • 1.1 Moz Ore reserves[1] • 2.5 Moz Mineral Resources[1] • Open at depth and along strike • Uni
Slide 16: Pathways to lift throughput & recovery
Gold Ridge, Solomon Islands Pathways to lift throughput & recovery For personal use only • Significant lift in operating capability underway – ore milled +21% in Q3 • New fit-for-purpose mining fleet providing improving efficiencies • Grade control and sampling leading to more predictable and consis
Slide 17: Pacific Rim: Prospective and underexplored
Pacific Rim Prospective and underexplored For personal use only 16 RIU Sydney Resources Round-up – May 2013
Slide 18: Simberi Island, PNG: Prospective for resource extensions and discoveries
Simberi Island, PNG Prospective for mineral resource extensions and discoveries For personal use only Priority targets identified for testing include: • Oxide mineralisation potential at Botlu • Sulphide mineralisation potential at Sorowar East • Greenfield targets on both ML 136 and EL 609 17 RIU S
Slide 19: Tatau and Big Tabar Islands, PNG
Tatau and Big Tabar Islands, PNG Prospective for discoveries For personal use only Tatau Island • 5km south of Simberi • High grade epithermal targets • Drilling underway to follow up previous intercepts • Geochemical and geophysical surveys to extend mineralisation Big Tabar Island • Copper gold po
Slide 20: Gold Ridge: one large, under-explored mineralised system
Gold Ridge, Solomon Islands Indications of one large mineralised system which is significantly under-explored For personal use only Work is planned to test the concept of a much larger Charivunga pit: • Structural mapping and logging to confirm mineralisation controls which has identified additional
Slide 21: What sets St Barbara apart
What sets St Barbara apart For personal use only • Strong cash position and long term debt: • $120M cash • 5 year debt – no amortisation • Expected net cash generation from all operations even at lower gold prices • On track to achieve cash operating cost below A$1,000 per ounce in the Pacific in CY
Slide 22: For personal use only
For personal use only RIU Sydney Resources Round-up – May 2013 21
Slide 23: Competent Persons Statement
Competent Persons Statement For personal use only The information in this report that relates to Company-wide Exploration Results and Mineral Resources in Australia is based on information compiled by Mr. Phillip Uttley, who is a Fellow of The Australasian Institute of Mining and Metallurgy. Phillip
Slide 24: Investor Relations
Investor Relations 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 RIU Sydney Resources Round-up – May 2013 23