St. Barbara Ltd. · ASX:SBM

St. Barbara — St Barbara Mines — Investor Presentation (March 2005)

27 slides from St. Barbara's investor presentation, Mar 23, 2005

  1. Slide 1: Corporate objectives

    23.MAR. 2005 14:51 LANGHAM HOTEL VELBRN WO. 1257 P.4 St Barbara Mines Limited 23 March 2005 Eduard Eshuys B Establish a landbank and explore for gold, nickel & copper in Australia & Make strategic acquisitions which have potential for the discovery of major mineral deposits ® Create substantial corp

  2. Slide 2: Telfer District

    23.MAR. 2005 14:51 LANGHAM HOTEL VELBRN St Barbara Mines Limited 23 March 2005 Eduard Eshuys Telfer Distric wou Telephone: + 61 § 9476 5555 email: perth@stbarbara.com.au website: hhtp-://www.stharbara.comau

  3. Slide 3: Telephone: + 9476 5555 email; perth@stbarbara.com.au website: hhip://www,stbarbara.com.an

    23.MAR. 2005 14:52 LANGHAM HOTEL VELBRN WO. 1257 2% 3 St Barbara Mines Limited 23 March 2005 Eduard Eshuys 3 Telephone: + 61 8 9476 5555 email; perth@stbarbara.com.au website: hhip://www,stbarbara.com.an

  4. Slide 4: Company snapshot: resources, reserves and production

    23.MAR. 2005 14:52 LANGHAM HOTEL VELBRN St Barbara Mines Limited 23 March 2005 Eduard Eshuys ® Mineral resources 7.6Moz © Remaining reserves 560koz ® Land holding of 10,000km? ® 2 gold mining operations ®& Gold production 150koz @ cash cost of AS450/oz to Dec 2005 forecast | — Produced over 400koz p

  5. Slide 5: Transaction terms: cash payments and performance bonds

    23. MAR. 2005 14:53 LANGHAM HOTEL VELBRN WO. 1257 2 5 St Barbara Mines Limited 23 March 2005 Eduard Eshuys & Total cash payments of $2M - 28 March 2005 & Replace environmental Performance Bonds of $30M within 60 days © Additional Performance Bonds of $5.7M - 30 September 2005 ® Control of operations

  6. Slide 6: RCF III Facility

    23. MAR. 2005 14:53 LANGHAM HOTEL VELBRN 0.1257 % 6 St Barbara Mines Limited 23 March 2005 Eduard Eshuys m® RCF Ill Facility = $40M line of credit — Draw down $11M on Closing Date = $7M to be converted to shares @ 7 cents/share (shareholder approval required by 30 Nov 05) & Facility fee « Royalty at

  7. Slide 7: Gwalia mineral resources

    23. MAR. 2005 14:53 LANGHAM HOTEL VELBRN St Barbara Mines Limited 23 March 2005 Eduard Eshuys E Mineral resources > Open Pit 2.8Moz + UG 2.0Moz — Open Pit reserves 0.2Moz ® Tarmoola granite on western flank the immediate exploration focus @ Deep surface drilling of Gwalia Deeps to establish indicate

  8. Slide 8: Mineral resource of 56Mt for 2.2Moz

    23.MAR. 2005 14:54 LANGHAM HOTEL VELBRN HO. 1257? St Barbara Mines Limited 23 March 2005 Eduard Eshuys Mineral resource of 56ME @ 7.2e/t for 2.2Moz (0.69.6 cut off) Telephone: + 61 8 9476 5555 email: perth @stharbara.com.au website: hhip://www.stbarbara.comau

  9. Slide 9: King of the Hills

    23.MAR. 2005 14:54 LANGHAM HOTEL VELBRN HO. 1257? St Barbara Mines Limited 23 March 2005 Eduard Eshuys King of the Hills 20,000t at 20g/t for 12,0000z gold "1897 to 1918 Telephone: + 61 8 9476 5555 email: perth@stharbara.com.an website: hhtp:/www.stbarbara.com.au

  10. Slide 10: Tarmoola pit outline and historic workings

    23.MAR. 2005 14:54 LANGHAM HOTEL VELBRN NWO. 1257 P19 St Barbara Mines Limited 23 March 2005 Eduard Eshuys Current pit outline « Hiatorle Workings 7.8Mt at 1.49/f . (325,0000z) 2001 - 2004 Historic, Workings et x Naxt elitle: 50m down, add granite 10 Telephone: + 61 8 9476 5555 email: perth@stbarbar

  11. Slide 11: Tarmoola gravity and granite

    23. MAR. 2005 14:55 LANGHAM HOTEL VELBRN WO. 1257 11 St Barbara Mines Limited 23 March 2005 Eduard Eshuys Gy Historic veg . ae Next atide: 50m down Sit Gravity low (in blue) reflects granite Pit located on gravity gradient Gravity gradient defines important structures Gravity confirms testing of wes

  12. Slide 12: Gwalia Deeps underground section

    23. MAR. 2005 14:55 LANGHAM HOTEL VELBRN WO. 1257 P12 St Barbara Mines Limited 23 March 2005 Eduard Eshuys Previous owner - UG mining to 1073mBS SGW - Open Pit to 280mB5 SGW UG to 375mBS ~B Decline to 375m § Base of historic underground mining 1,000m B Resource: A Interim 8.3 @ 3.3g/1 for 0.8) Deeps

  13. Slide 13: Marvel Loch resources and production

    23.MAR. 2005 14:56 LANGHAM HOTEL VELBRN NWO. 1257 P13 St Barbara Mines Limited 23 March 2005 Eduard Eshuys — 2,1Moz Resources B (.5Moz Reserves & Production from Marvel Loch Open Pit and Underground B Suspension of Galden Pig April 2005 ® Forecast gold production for June 2005 quarter 50, 0000z @ Ca

  14. Slide 14: Yilgarn Star resources

    23.MAR. 2005 14:56 LANGHAM HOTEL VELBRN WO. 1257) 7 14 St Barbara Mines Limited 23 March 2005 Eduard Eshuys Resources: O.4Mt @ 6.2g/t Au 80.00002 Au Resources: O.1ME @ 20g/t Au 70,00007 Au @ Lodes are open at depth fl Areas between lodes are sparsely drilled dw infill drilting will improve shoot def

  15. Slide 15: Frasers - Marvel Loch shear zone

    23. MAR. 2005 14:57 LANGHAM HOTEL VELBRN St Barbara Mines Limited 23 March 2005 Eduard Eshuys FRASERS - MARVEL LOCH SHEAR ZONE 4Moz Au Historic production 1.8Maz Convergence of structures Most exploration to depth of 100m (except Frasers, Golden Pig and Transvaal) Re-evaluation of all data 15 Teleph

  16. Slide 16: Suspension of production June 05

    23. MAR. 2005 14:57 LANGHAM HOTEL VELBRN NO. 1257? 16 St Barbara Mines Limited 23 March 2005 Eduard Eshuys Suspension of production 30 June 2005 Production 32,0000z @ cash cost $371 /oz Strategic focus on Red October and Jubilee Well Evaluate remainder of land Resources 0.9Moz Reserves 0.ZMoz Geolog

  17. Slide 17: Red October airborne magnetic map

    23.MAR. 2005 14:58 LANGHAM HOTEL VELBRN WO. 1257 P17 St Barbara Mines Limited 23 March 2005 Eduard Eshuys * Strike extensions to J inaijor regional gold ai 1 ah sega weg Ay O49 » Logit Ay fant 2 aaa Ba Ora Au Airborne magnetic map showing similarities between Red October and Sunrise Dam enviros 17 T

  18. Slide 18: Patriot and Catalina

    23.MAR. 2005 14:58 LANGHAM HOTEL VELBRN NO. 1257 P18 St Barbara Mines Limited 23 March 2005 Eduard Eshuys _ Patriot | E Gold associated i i t with granite Catalina ; E Similarity to geometry at Sunrise Dam B Some drilling ineffective Et SGW 80% ownership 18 Telephone: + 61 8 9476 5555 email: perth@s

  19. Slide 19: What Next? Exploration & Development Strategy

    23. MAR. 2005 14:59 LANGHAM HOTEL VELBRN HO. 1257 St Barbara Mines Limited 23 March 2005 Eduard Eshuys What Next? Exploration & Development Strategy # Tarmoola - drill granite and overlying ultramafic rocks along western and northern flanks of pit E Gwalia - commence early deep drilling from the sur

  20. Slide 20: Development & Production Objectives

    23. MAR. 2005 14:59 LANGHAM HOTEL VELBRN NWO. 1257 P20 St Barbara Mines Limited 23 March 2005 Eduard Eshuys Development & Production Objectives R Drilling completed by June 2006 EB Feasibility studies December 2006 EF Tarmoola plant upgrade to SMt E Ore production from Gwalia Intermediates and Tarmo

  21. Slide 21: Optimise cashflow from production

    23. MAR. 2005 14:59 LANGHAM HOTEL VELBRN NO. 1257 St Barbara Mines Limited 23 March 2005 Eduard Eshuys W Optimise cashflow from production & Performance bond reductions E Marvel Loch North underground drilling to increase reserves E Yilgarn Star surface drilling to test down plunge in mineralised en

  22. Slide 22: Historical production and resources

    23. MAR. 2005 15:00 LANGHAM HOTEL VELBRN NO. 1257 P22 St Barbara Mines Limited 23 March 2005 Eduard Eshuys Historical Production & Paddys Flat, open pit and underground 3.0 ® Bluebird, open pit (30mt @ 1.7¢/t) 1.5 E Reedys, open pit and underground 0.4 4.9Moz Resources & “Possible Reserves” ® Resour

  23. Slide 23: Future annual production target

    23. MAR. 2005 15:00 LANGHAM HOTEL VELBRN NO. 1257 P23 St Barbara Mines Limited 23 March 2005 Eduard Eshuys ss te Future Annual Production Target (commencing approximately March quarter 2006) B Open Pit 1.50mt @ 1.7¢/t for 70,000 oz ® Underground Prohibition 0.25mt @ 4,03/t for 30,000 oz ® Undergroun

  24. Slide 24: South Emu - Gorig Section

    23. MAR. 2005 15:00 LANGHAM HOTEL VELBRN HO. 1257? 24 St Barbara Mines Limited 23 March 2005 Eduard Eshuys ” South Emu - Gorig Section Gunnin Reeegarrce 315,000 fit Bagh An (54,00R0z) ‘Section Facing Wast RY ‘Sr BanMaRA Mpats LIKITED a ® 24 Telephone: + 61 8 9476 5555 email: perth@stbarbara.com.au w

  25. Slide 25: Board and major shareholders

    23.MAR. 2005 13:01 St Barbara Mines Limited 23 March 2005 Eduard Eshuys LANGHAM HOTEL VELBRN BM Colin Wise: Non-executive Chairman legal counsel / corporate governance ® Eduard Eshuys: Managing Director & CEO geologist EB Hank Tuten: Non-executive Director investment banker M Mark Wheatley: Non-exec

  26. Slide 26: Company timeline and nickel targets

    23.MAR. 2005 13:01 LANGHAM HOTEL VELBRN NO. 1257? 26 St Barbara Mines Limited 23 March 2005 Eduard Eshuys duly 208 - Wise & Eshuys appointed by shareholders - Company had no cash and debt of $8.5 Oct 2005 - drilling commenced at Meekatharra Nov 29th + buy-back of shares & sale of royalty approved De

  27. Slide 27: Thank you

    23.MAR. 2005 13:01 LANGHAM HOTEL VELBRN NO. 1257 P27 St Barbara Mines Limited 23 March 2005 Eduard Eshuys Landbank - 14,800km2 Mineral resources - 9.4Moz Current reserves - 560koz Skilled workforce - 180 people Gold production - total of 400koz pa objective by Sept 2007 ..thank you 27 Telephone: + 6

St Barbara Mines — Investor Presentation (March 2005) on 6ix