St. Barbara Ltd. · ASX:SBM
St. Barbara — Q4 2022 Earnings Presentation
24 slides from St. Barbara's earnings presentation, Jul 27, 2022
Slide 1: Q4 June FY22 Quarterly Presentation
Q4 June FY22 Quarterly Presentation Craig Jetson Managing Director and CEO 27 July 2022
Slide 2: Disclaimer
2 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 Com
Slide 3: Acknowledgement of Country
3 Acknowledgement of Country We at St Barbara acknowledge the First Nations people of the ancestral lands on which we operate in Australia, Canada and Papua New Guinea. We pay our respects to all First Nations people, and to Elders past, present, and emerging. We recognise the unique cultural herita
Slide 4: Safety always
4 Safety always TOTAL RECORDABLE INJURY FREQUENCY RATE (TRIFR)1 5.0 3.9 Safety 3.6 3.0 3.4 Always 2.7 2.8 2.1 Zero harm is always our target. Zero harm to all people as we responsibly operate our assets to their full potential. This focus FY18 FY19 FY20 FY21 Q1 Q2 Q3 Q4 on safety guides FY22 FY22 FY
Slide 5: Key achievements Q4 FY22
5 Key achievements Q4 FY22 • Full year production and AISC guidance achieved for Group and all operations Q1 Q2 Q3 Q4 Year FY22 FY22 FY22 FY22 FY22 FY22 Guidance Production (koz) 67 66 62 86 281 275 - 290 AISC (A$/oz) 1,492 1,587 2,290 2,007 1,848 1,750 - 1,870 • Cash position increased by 25% to $9
Slide 6: Leonora Q4 FY22 Results
6 Leonora Q4 FY22 Results AISC Gold production up by 25% and costs down 3% (A$/oz) -3% 1,916 1,854 • Accessed high grade stopes previously blocked by 1,663 1,653 seismic event in November 2021 1,488 • Ore mined down 18% due to ongoing labour shortages MINED GRADE due to COVID-19 pandemic – impacting
Slide 7: Simberi Q4 FY22 Results
7 Simberi Q4 FY22 Results AISC Production normalised (A$/oz) -41% 4,064 Significant improvement in operation as the site recovers 2,964 from impacts of COVID-19 in prior quarters 2,416 ‒ AISC down 41% MINED GRADE ‒ Ore mined up 121% (g/t AU) Reserve grade 1.8 g/t Au -11% ‒ Ore milled up 52% 31 Dec 2
Slide 8: Simberi under strategic review
8 Simberi under strategic review Sulphide Project remains very attractive: Strategic review announced: • Enables >10 years of life • A number of parties have expressed interest in acquiring assets • Efficiently processes 29.3Mt of Sulphide Ore Resources and • Proceeds from potential sale to go towar
Slide 9: Atlantic Q4 FY22 Results
9 Atlantic Q4 FY22 Results AISC +1% Strong production for Q4 (A$/oz) 2,027 2,013 1,504 • Access to higher grade ore 1,396 1,011 • High level engagement with Government • New collaborative approach delivering results MINED GRADE (g/t AU) ‒ Two permits approved: Ammonia treatment plant and Reserve gra
Slide 10: Leonora is central to regional consolidation
10 Leonora is central to regional consolidation • Largest Mineral Resource of 10.5 million ounces and Ore Reserve of 2.5 million ounces1 • Near term Mineral Resource and Ore Reserve growth • New Zoroastrian mine on track to commence production in Q1 FY24 • Significant exploration potential with a la
Slide 11: Leonora Province productive mill, resource base and long mine life
St Barbara’s Leonora Province has a productive mill, region leading 11 resource base and a long mine life Mineral Resources in the Leonora Province 16% 27% 27% 3% 2% 122Mt 7% 10.5Moz 52% 2% 9% 11% 11% 1% 5% 6% 17% 2% Gwalia Harbour Lights Aphrodite Underground Excelsior Old South Gwalia Tower Hill Z
Slide 12: Zoroastrian and Aphrodite to fill the mill
12 Zoroastrian and Aphrodite to fill the mill 2.1 Mtpa Expanded 0.7 0.7 mill capacity The rapid integration of the Bardoc assets into the 1.4 Mtpa Leonora portfolio is on track 0.3 0.3 0.3 Current to be delivered earlier than mill first planned and will assist in 0.2 0.2 capacity closing the feed ga
Slide 13: Zoroastrian first production six months ahead of original guidance
13 Zoroastrian first production six months ahead of original guidance Proposed decline Zoroastrian Underground Mineral Resource 1.6mt @ 4.0g/t Au On track for first production in Q1 FY24 • The first full year of production to contribute 30koz of gold from ~300kt at 3g/t Au Mineral Resources to suppl
Slide 14: Old South Gwalia adds 218koz of gold resource
14 Old South Gwalia adds 218koz of gold resource Old South Gwalia Mineral Resource 1.9mt @ 3.7g/t Au Old South Gwalia has the potential to become a new, shallower mining front at Gwalia Further near term Ore Reserve and Mineral Resource growth to come • Updated resource estimate in progress for area
Slide 15: Exploring for high grade deposits in the Leonora Province
15 Exploring for high grade deposits in the Leonora Province • 475km2 of prospective ground in the Leonora Province • Landholding increased by ~70% since the acquisition of Bardoc • ~$12M of exploration expenditure to be deployed to Leonora and Bardoc regions • Up to 22,000m of drilling planned for
Slide 16: Low cost plant expansion from 1.4mtpa to 2.1mtpa
16 Low cost plant expansion from 1.4mtpa to 2.1mtpa Proposed expansion layout • 50% capacity expansion for modest investment N • Additional ball mill and CIL tank to debottleneck • Feasibility study completion expected in Q3 FY23 Additional CIL Tank • Expansion to be completed in Q4 FY24 New Ball Mi
Slide 17: Significant Mineral Resource life underpins organic growth options
17 Significant Mineral Resource life underpins organic growth options Mineral Resources Mineral Resource grade Milling capacity in region (Mtpa) in region (Mt) in region (g/t Au) Resource Life (years) St Barbara 1.4 (Leonora Process Plant) 122 2.7 87 Regis 7.0 (Rosemont & Garden Well) 169 1.0 24 Red
Slide 18: Management delivering on strategy
18 Management delivering on strategy Strong result to finish year Largest Mineral Resources and Ore Reserves in the Leonora region Near term Mineral Resource and Ore Reserve growth New mine Zoroastrian 12 months to production Production up Costs stable
Slide 19: St Barbara
StBarbara
Slide 20: Supplementary slides
Supplementary slides
Slide 21: FY22 Guidance
21 FY22 Guidance Operation Production AISC Capex (koz) (A$/oz) ($AM) Sustaining Growth Atlantic Operations 55 – 65 1,650 – 1,8501 5 – 10 15 – 20 Leonora Operations 180 – 200 1,605 – 1,720 55 – 65 10 – 15 Simberi Operations 25 – 30 3,200 – 3,6002 5 – 10 35 – 40 Consolidated 275 – 290 1,750 – 1,870 65
Slide 22: Exploration Results, Mineral Resources and Ore Reserves reporting, Non-IFRS measures
22 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 has sufficient experience
Slide 23: Investor Relations enquiries
Investor Relations enquiries Chris Maitland Kasun Liyanaarachchi Head of Investor Relations Manager - Investor Relations T: +61 3 8660 1914 T: +61 8 9380 7854 M: +61 477 120 070 M: +61 499 538 252 E: chris.maitland@stbarbara.com.au E: kasun.liyanaarachchi@stbarbara.com.au E: info@stbarbara.com.au Sc
Slide 24: St Barbara
StBarbara