37 slides from St. Barbara's earnings presentation, Apr 28, 2021
Slide 1: Presentation on Q3 March FY21 Quarterly Report and audio webcast
ASX Release / 28 April 2021 Presentation on Q3 March FY21 Quarterly Report and audio webcast Craig Jetson, Managing Director & CEO, will brief analysts and institutional investors on the Q3 March FY21 Quarterly Report at 11:00 am Australian Eastern Standard Time (UTC + 10 hours) on Wednesday 28 Apri
Slide 2: Q3 March FY21 Quarterly Presentation
Q3 March FY21 Quarterly Presentation 28 April 2021 Craig Jetson Managing Director and Chief Executive Officer 1 / Q3 March FY21 Quarterly Presentation
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: Acknowledgement of Country
Acknowledgement of Country We at St Barbara acknowledge the Traditional Custodians of the land upon which we operate and recognise their unique cultural heritage, beliefs and connection to these lands, waters and communities. We pay our respects to all members of these Indigenous communities, and to
Slide 5: Contents
Contents • We are St Barbara • Safety Always • Q3 FY21 Achievements • Future Brownfield Growth & Building Brilliance • Q3 FY21 Highlights & Operational Performance • Project Update and Timeline • Deliver to Promise 4 / Q3 March FY21 Quarterly Presentation
Slide 6: St Barbara is taking action across our sustainability commitments
St Barbara is taking action across our sustainability commitments SAFETY EMPOWERED PEOPLE STRONGER RESPECTING THE GROWING ALWAYS DIVERSE TEAMS COMMUNITIES ENVIRONMENT SUSTAINABLY Target is Zero Harm We are the only mining Modern Slavery Carbon neutral by Growing our business TRIFR1 of 3.7 in Q3 Mar
Slide 7: Safety Always
Safety Always Total Recordable Injury Frequency Rate (TRIFR)1 St Barbara LTIFR2 in comparison with Western Australian Mining benchmarks3 5.0 SAFETY 3.3 3.7 2.1 ALWAYS 3.0 3.1 1.7 1.5 Zero harm is always our target. 2.1 Zero harm to all people as we responsibly operate our assets to their full potent
Slide 8: Working safely during COVID-19
Working safely during COVID-19 • The COVID-19 situation in PNG St Barbara COVID-19 Management Framework deteriorated during the quarter with a large increase in community Support Barriers transmissions Programs of support for Proactive control to • By the end of March, a number of personnel and thei
Slide 9: Q3 March FY21 – Key Achievements
Q3 March FY21 – Key Achievements 11. Strong March performance delivered 50% of production for quarter 22. Solid operational cash contribution with A$41 M generated 33. Progressed a number of the Value Unlocks: o Leonora Province Plan: model reviews, together with pit optimisations and planned mill s
Slide 10: Building Brilliance at St Barbara and future Brownfield Growth
Building Brilliance at St Barbara and future Brownfield Growth • Leonora Province Plan is progressing with a detailed update expected in the June quarter Uplift 2: Execute brownfield 18 months – 3 years expansion projects • Building Brilliance initiatives are Uplift 1: Deliver Building Brilliance dr
Slide 11: Building Brilliance program is on-track to deliver significant performance uplifts
Building Brilliance program is on-track to deliver significant Building Brilliance performance uplifts at our Atlantic and Gwalia operations FY21: the first step in our strategy Cumulative annualised cash contribution (A$M) Delivery FY21 to date Target Atlantic 6 10-12 Leonora 12 15-20 Simberi1 - 5-
Slide 12: Building Brilliance initiatives
Building Brilliance initiatives Key Performance Indicator FY20 March FY21 % Change Mill throughput (tph) 331 349 5 We are validating the success of our Atlantic Mill availability (%) 90.9 98.2 8 Building Brilliance Recovery (%) 92.0 94.5 3 initiatives by monitoring KPIs that drive Development rate (
Slide 13: Highlights Q3 March FY21
Highlights Q3 March FY21 • 82 koz produced at AISC of A$1,649/oz (Q2: 90 koz at A$1,517/oz) Operational • March performance was substantially improved across all three performance operations driven by Building Brilliance initiatives • June quarter performance expected to deliver FY21 consolidated pr
Slide 14: Consolidated Q3 March FY21 Results
Consolidated Q3 March FY21 Results AISC (A$/oz) 1,711 1,517 1,649 Q3 FY21 AISC 1,405 1,301 • Consolidated A$1,649/oz (Q2: A$1,517/oz) • Atlantic A$1,128/oz (Q2: A$999/oz) • Leonora A$1,555/oz (Q2: A$1,573/oz) Gold Production (koz) • Simberi A$2,426/oz (Q2: A$2,070/oz) 109 92 90 82 Q3 FY21 Production
Slide 15: Atlantic Q3 FY21 Results
Atlantic Q3 FY21 Results Q3 FY21 production AISC (A$/oz) 1,128 • 20,606 oz (Q2: 26,693 oz) 988 1,008 999 951 • AISC A$1,128/oz (C$1,104/oz) (Q2: A$999/oz (C$952/oz) Milled grade • Production was impacted by weather events and winter (g/t Au) 1.41 1.29 1.24 1.24 operating conditions, with lower grade
Slide 16: Leonora Q3 FY21 Results
Leonora Q3 FY21 Results Q3 FY21 Production AISC (A$/oz) 2,592 • 42,716 oz (Q2: 42,198 oz) 1,556 1,573 1,555 1,389 • AISC A$1,555/oz (Q2: A$1,573/oz) • Mined grade of 8.0 g/t Au (Q2: 8.3 g/t Au) Mined grade (g/t Au) • March performance highlights the transformation 8.1 8.1 8.3 8.0 underway, with mill
Slide 17: Simberi Q3 FY21 Results
Simberi Q3 FY21 Results Q3 FY21 Production AISC • 18,981 oz (Q2: 20,779 oz) (A$/oz) 2,070 2,426 • AISC A$2,426/oz (Q2: A$2,070/oz) 1,629 1,467 1,678 • Milled grade at 1.12 g/t Au (Q2: 1.30 g/t Au) • Production was impacted by lower oxide grades in Samat Milled grade (g/t Au) pit, with much improved
Slide 18: Gwalia Shallows
Gwalia Shallows progressing and other targets identified • The additional phase of underground diamond drilling (11 holes) was completed during the quarter, testing the Gwalia Shallows mineralisation between 350 and 600 mbs • 49 holes have been completed, identifying 4 hangingwall lodes • Resource e
Slide 19: Leonora Province
Leonora Province • Work undertaken this quarter has focused on: o Reviewing geological models, existing resource models and generating new resource models o Pit optimisations have been completed for Jasper Flat, Jasper Hill, Trevor Bore, Tower Hill, Harbour Lights and Gwalia o Mill scoping study to
Slide 20: Leonora Province indicative timeline for development
Leonora Province Indicative timeline for development FY21 FY22 FY23 FY24 Feasibility & mine planning Gwalia Intermediates Development & production Gwalia Feasibility & mine planning Shallows Development & production Scoping Jasper Region (open pit Drilling, feasibility & mine planning development) &
Slide 21: Simberi Sulphide Feasibility Study Results
Simberi Sulphide Feasibility Study Results • Initial capital expenditure of US$170 M, including expansion capital, payback period of ~3 years Sulphide Gold Oxide Gold 300,000 • Life of mine average sulphide gold production of ~160 koz Annual Gold Production (koz) per annum at AISC of US$896 per ounc
Slide 22: Simberi Oxide Drill Targets
Simberi Oxide Drill Targets • An extensive RC and diamond drill program to target and define additional oxide mineralisation within the mine corridor was developed as part of the FY21 strategy • New phase of drilling commenced in September 2020 and is ongoing • Further resource definition drilling i
Slide 23: Deliver to Promise
Deliver to Promise • Maintain the strong March performance across all operations into Q4 • Progress the Value Unlocks: o Provide a detailed update on Leonora Province Plan o Commence pre-investment work on Simberi Sulphide Project o Submit the revised EIS for Beaver Dam • Deliver Building Brilliance
Slide 24: Supplementary slides
Supplementary slides 23 / Q3 March FY21 Quarterly Presentation
Slide 25: We strive to help our communities thrive, grow and prosper
We strive to help our communities thrive, grow and prosper We continued to build on the breadth and depth of experience in the business to enhance Traditional Owner and First Nations engagement capacity, an important component of the Community and Social Performance Strategy. The Company has become
Slide 26: Consolidated production, costs and guidance summary
Consolidated production, costs and guidance summary Production Summary Q3 Mar Q4 Jun Year Q1 Sep Q2 Dec Q3 Mar Q3 YTD Guidance Consolidated FY20 FY20 FY20 FY21 FY21 FY21 FY21 FY21 St Barbara’s financial year is 1 July to Qtr to Qtr to Year to Qtr to Qtr to Qtr to 9 months to Year to 30 June 31 Mar 2
Slide 27: Guidance summary – exploration, capex, production profile
Guidance summary – exploration, capex, production profile Exploration Guidance FY21 A$ M Australia Leonora Region 8–9 FY21 Production Pinjin WA, Lake Wells WA, Back Creek NSW 10 – 11 Indicative Quarterly Guidance Profile Tabar Island Group, Papua New Guinea 2–3 Nova Scotia, Canada 10 – 12 Consol
Slide 28: Hedging summary as at 28 April 2021
Hedging summary as at 28 April 2021 Volume Price Delivery Financial Year Type Delivery Announced ounces $/oz schedule May 21 to European call 72,010 C$2,050 May 2021 to Dec 2022 Monthly 24 Feb 2020 1 Dec 22 options 27 / Q3 March FY21 Quarterly Presentation 1. The European call options replaced previ
Slide 29: Exploration | Gwalia near mine and regional targets
Exploration| Gwalia near mine and regional targets A$8 - $9 M exploration budget for near mine and regional exploration around Gwalia for FY21 Exploration activity during the quarter focussed on: • Gwalia Shallows • Leonora Regional o Further drilling planned for Jasper Hill, Jasper Flat, Falklands
Slide 30: Exploration | Nova Scotia
Exploration | Nova Scotia A$10 - $12 M exploration budgeted in Canada for FY21 Exploration activity during the quarter focussed on: • Moose River Corridor (Caribou West, Caribou-Elk) • Touquoy Camp (Higgins-Lawlers-Stillwater, HLS- Gap and HLS-Scheelite Closure) • Northeast Regional (Cameron Dam) •
Slide 31: Exploration | Simberi Island
Exploration |Simberi Island A$2 - $3 M exploration budget in PNG for FY21 Exploration activity during the quarter focussed on: • 6 oxide targets on Simberi Island were drill tested with the aim of defining additional inferred and indicated resources • Results highlight Pigibo North and Cell Tower co
Slide 32: Project pipeline
Project pipeline KEY Canada Papua New Guinea Regional Nova Scotia Australia Equity Investments Moose River Corridor Simberi Island (oxides) Cochrane Hill Back Creek Simberi Sulphides Greater Gwalia Leonora Province Peel Mining Pinjin Gwalia Shallows Touquoy Mine (10%) Catalyst Metals Aust Potash1 Gw
Slide 33: Ore Reserves Summary as at 30 June 2020
Ore Reserves Summary as at 30 June 2020 Proved Probable Total Tonnes Gold Ounces Tonnes Gold Ounces Tonnes Gold Ounces Project ('000) (g/t) ('000) ('000) (g/t) ('000) ('000) (g/t) ('000) Gwalia, (WA) 1,583 8.0 409 7,824 5.9 1,483 9,407 6.3 1,892 Tower Hill, (WA) - - - 2,572 3.7 306 2,572 3.7 306 Sim
Slide 34: Mineral Resources Summary at 30 June 2020
Mineral Resources Summary at 30 June 2020 Measured Indicated Inferred Total Tonnes Gold Ounces Tonnes Gold Ounces Tonnes Gold Ounces Tonnes Gold Ounces Project ('000) (g/t) ('000) ('000) (g/t) ('000) ('000) (g/t) ('000) ('000) (g/t) ('000) Gwalia, (WA) 3,991 6.4 819 17,403 6.0 3,353 1,201 5.5 214 22
Slide 35: Competent persons statement, Non-IFRS measures
Competent persons statement Exploration Results The information in this presentation that relates to Exploration Results is based on information compiled by Dr Roger Mustard, who is a Member of The Australasian Institute of Mining and Metallurgy. Dr Mustard is a full-time employee of St Barbara and
Slide 36: Investor Relations enquiries
Investor Relations enquiries Garth Campbell-Cowan Chief Financial Officer David Cotterell Manager Investor Relations T: +61 3 8660 1900 E: info@stbarbara.com.au Scheduled ASX Announcements 28 July 2021 Q4 June 2021 Quarterly Report 26 August 2021 FY21 Financial Report 35 / Q3 March FY21 Quarterly Pr
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