33 slides from St. Barbara's earnings presentation, Oct 17, 2017
Slide 1: Presentation on Q1 September 2017 Quarterly Report and audio webcast
ASX Release / 17 October 2017 For personal use only Presentation on Q1 September 2017 Quarterly Report and audio webcast Bob Vassie, Managing Director & CEO, will brief analysts and institutional investors on the Q1 September 2017 Quarterly Report at 11:00 am Australian Eastern Daylight Time (UTC +
Slide 2: Q1 September 2017 Quarterly Presentation
BOB VASSIE, MANAGING DIRECTOR & CEO / 17 October 2017 For personal use only Q1 September 2017 Quarterly Presentation
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: Contents
Contents For personal use only • Highlights • Exploration • Safety • Conclusion • Operations • Appendices 3 / Q1 September 2017 Quarterly Presentation Photo: Starting shift, Gwalia, Scott Thomas
Slide 5: Highlights Q1 FY18
Highlights Q1 FY18 For personal use only • 98 koz gold produced at AISC1 A$889/oz • Record production at Simberi of 33,976 oz • Gwalia production exceeded mine plan • Debt free, $199M cash at bank2, after payment of FY17 $0.06 dividend • Gwalia Extension Project on schedule • Well positioned for org
Slide 6: Maintained TRIFR safety record
Maintained TRIFR safety record Total Recordable Injury Frequency Rate1 For personal use only 6.0 5.0 4.1 2.1 1.2 1.2 FY 13 FY 14 FY15 FY16 FY17 Q1 FY18 • Maintained record low TRIFR1 of 1.2 to 30 Sept 2017 (Q4 FY17: 1.2) • Gold mining industry average TRIFR is 2.52 Gwalia Emergency Response Team (ER
Slide 7: Consolidated Q1 FY18 quarter
Consolidated Q1 FY18 quarter AISC (A$/oz) For personal use only 959 935 FY17 average A$907/oz 889 • Consolidated production of 876 862 98 koz (Q4 FY17: 94 koz) Production (koz) • Gwalia 64 koz (Q4: 62 koz) • Simberi 34 koz (Q4: 32 koz) 99 95 98 93 94 25 28 30 32 34 • Consolidated AISC1 of A$889/oz (
Slide 8: Gwalia Q1 FY18 results + FY18 guidance
Gwalia Q1 FY18 results + FY18 guidance AISC (A$/oz) 872 For personal use only 816 774 FY17 average A$785/oz 786 Q1 Production 716 Mined Grade 11.9 • 64,283 oz (Q4 FY17: 62,098 oz) 11.3 (g/t Au) 10.4 10.7 • AISC1 A$816/oz (Q4: A$872/oz) 9.2 FY17 average 10.7 g/t Au • Mined grade of 10.7 g/t Au higher
Slide 9: Gwalia Extension Project update – on schedule
Gwalia Extension Project update – on schedule • Project includes new ventilation shafts and • A$4M capex spent in Q1 FY18 – roads, For personal use only underground crushing of waste, mixed drilling, engineering, underground with paste to fill emptied stopes development, raisebore site preparation,
Slide 10: Simberi Q1 FY18 results + FY18 guidance
Simberi Q1 FY18 results + FY18 guidance AISC (A$/oz) For personal use only 1,359 1,277 FY17 average A$1,187/oz 1,025 Q1 FY18 production 1,125 1,027 • Record 33,976 oz (Q4 FY17: 32,128 Production (koz) oz) • AISC1 A$1,027/oz (Q4: 1,125/oz) 32.1 34.0 • Record mill through-put and 30.4 improved recover
Slide 11: Gwalia + Leonora Province Summary
Exploration | Gwalia + Leonora Province Summary Gwalia Seismic Reflection Program For personal use only • The survey will aim to identify extensions to the lode system and other potential occurrences of Gwalia style mineralisation • Analysis ongoing, positive indications of Gwalia-like systems to be
Slide 12: Gwalia Seismic
Exploration | Gwalia Seismic For personal use only Gwalia Seismic Exploration • Results analysis during H1 FY18 • Key geological features strongly reflective • Early results indicate downward plunge below 2,500 mbs • Inform drilling program • Further seismic testing planned in Greater Gwalia area Fo
Slide 13: Gwalia Deep + Intermediates Drilling Program
Exploration | Gwalia Deep + Intermediates Drilling Program For personal use only For full explanation and results refer to ASX release 17 October 2017 ‘Quarterly Report September 2017’ 12 / Q1 September 2017 Quarterly Presentation
Slide 14: Gwalia Deeps, Q1 results and FY18 target
Exploration | Gwalia Deeps, Q1 results and FY18 target For personal use only For full explanation and results refer to ASX release 17 October 2017 ‘Quarterly Report September 2017’ 13 / Q1 September 2017 Quarterly Presentation
Slide 15: Summary of greenfields projects
Exploration | Summary of greenfields projects Pinjin, WA For personal use only • A 564 hole aircore drilling program 24,260 m was completed in Q1, testing 17 targets • A 3,000 metre Reverse Circulation (RC) and a 10,000 metre aircore drill program is planned in Q2 FY18 to follow-up encouraging airco
Slide 16: Gender Diversity – National Excellence Award 2017
Gender Diversity – National Excellence Award 2017 For personal use only • 2017 Winner Excellence in Diversity Programs and Performance, National Women in Resources Awards • 2017 Winner Company Gender Diversity Program, Victorian Women in Resources Awards Photo: Val Madsen, St Barbara General Manager
Slide 17: Conclusion
Conclusion For personal use only • Sustained operational performance, record quarter for Simberi • Cash contribution from operations increased to $86 million1 • Record safety • $199M cash at bank and debt free2 • $0.06 dividend paid, 19% of shares participated in DRP • Organic growth underway • Well
Slide 18: Appendices
Appendices For personal use only Summer Storms by Finlay Wilkinson, Leonora, Jan 2017 Underground at Gwalia Oct 2017, L to R: Ashleigh Smythe, Graduate Geologist, Kerry Gleeson, Non-exec 17 / Q1 September 2017 Quarterly Presentation Director, Tim Netscher, Non-exec Chairman, David Moroney, Non-exec
Slide 19: Consolidated Production, Costs, Guidance Summary
Consolidated Production, Costs, Guidance Summary Production Summary Q3 Mar Q4 Jun Year Q1 Sep Guidance For personal use only Consolidated FY17 FY17 FY17 FY18 FY181 Production Gwalia oz 64,916 62,098 265,057 64,283 245 to 260 koz Simberi oz 30,430 32,128 116,044 33,976 105 to 115 koz Consolidated oz
Slide 20: Growth Pipeline
Growth Pipeline Exploration Feasibility Construction Production only Back Creek Australia personal use Pinjin Greater Gwalia Tower Gwalia Catalyst Gwalia Peel Hill Extension Metals Mine 7% Mining 10%. Inorganic growth Evaluating exploration, project, development and operating assets in a range of si
Slide 21: Gwalia Deeps 1540 – 1580 lode schematic
Gwalia Deeps 1540 – 1580 lode schematic For personal use only Reproduced from ASX release 25 September 2017 ‘Denver Gold Forum 2017’ 20 / Q1 September 2017 Quarterly Presentation
Slide 22: FY18 Exploration Guidance - A$16 to A$20 million
Exploration FY18 Guidance - A$16 to A$20 million For personal use only A$8 - A$10 million Gwalia • Gwalia Deep Drilling infill + Intermediates • Gwalia Seismic A$4 - A$5 million Pinjin WA • Aircore drilling of targets identified in FY17 A$4 - A$5 million PNG • Simberi Oxides/Sulphides • Tatau Oxides
Slide 23: Gwalia, Q1 FY18 results
Exploration | Gwalia, Q1 FY18 results For personal use only For full explanation and results refer to ASX release 17 October 2017 ‘Quarterly Report September 2017’ 22 / Q1 September 2017 Quarterly Presentation
Slide 24: Gwalia, Q1 FY18 results
Exploration | Gwalia, Q1 FY18 results For personal use only For full explanation and results refer to ASX release 17 October 2017 ‘Quarterly Report September 2017’ 23 / Q1 September 2017 Quarterly Presentation
Slide 25: Pinjin, Q1 FY18 results
Exploration | Pinjin, Q1 FY18 results For personal use only For full explanation and results refer to ASX release 17 October 2017 ‘Quarterly Report September 2017’ 24 / Q1 September 2017 Quarterly Presentation
Slide 26: Tabar Island group, PNG, Q1 FY18
Exploration | Tabar Island group, PNG, Q1 FY18 For personal use only Tatau Island • Diamond drill program completed at Mt Tiro, Nepewo, Mt Siro and Seraror (Southwest Tatau) • Newcrest Option and Farm-in Surface (soil and rock chip) sampling program ongoing • Copper-Gold and Copper-Molybdenum drill
Slide 27: Tatau Island, PNG, Q1 FY18
Exploration | Tatau Island, PNG, Q1 FY18 For personal use only Copper-gold porphyry exploration Newcrest Option and Farm-in • Surface (soil and rock chip) sampling program ongoing • Talik North prospect identified as priority drill target • Subject to access, diamond drilling to commence in Q2 FY18
Slide 28: Horsepaddock Well – Leonora province
Exploration | Horsepaddock Well – Leonora province For personal use only Q2 FY18 commencing geophysical surveys at Horsepaddock Well • Previous exploration to 2006 highlighted potential for a granite-intrusive type of deposit under ultramafics • Recent improvements in the depth penetration of IP and
Slide 29: Ore Reserves Summary as at June 2017
Ore Reserves Summary as at 30 June 2017 For personal use only Proved Probable Total Project Tonnes Gold Ounces Tonnes Gold Ounces Tonnes Gold Ounces ('000) (g/t) ('000) ('000) (g/t) ('000) ('000) (g/t) ('000) Gwalia, (WA) 2,308 9.8 725 6,248 7.0 1,408 8,556 7.8 2,133 Tower Hill, (WA) - - - 2,572 3.7
Slide 30: Mineral Resources Summary as at June 2017
Mineral Resources Summary as at 30 June 2017 For personal use only Measured Indicated Inferred Total Project Tonnes Gold Ounces Tonnes Gold Ounces Tonnes Gold Ounces Tonnes Gold Ounces ('000) (g/t) ('000) ('000) (g/t) ('000) ('000) (g/t) ('000) ('000) (g/t) ('000) Gwalia, (WA) 5,045 7.8 1,265 14,877
Slide 31: Competent Persons Statement
Competent Persons Statement For personal use only Exploration Results The information in this presentation that relates to Exploration Results for Simberi and Pinjin is based on information compiled by Dr Roger Mustard, who is a Member of The Australasian Institute of Mining and Metallurgy. Dr Musta
Slide 32: Non-IFRS Measures
Non-IFRS Measures For personal use only We supplement our financial information reporting determined under International Financial Reporting Standards (IFRS) with certain non-IFRS financial measures, including cash operating costs. We believe that these measures provide meaningful information to ass
Slide 33: Investor Relations Enquiries
Investor Relations Enquiries For personal use only Rowan Cole Alistair Reid Company Secretary Manager Investor Relations T: +61 3 8660 1900 E: info@stbarbara.com.au St Barbara Board and executive June 2016 at Simberi. L to R: Garth Campbell-Cowan (CFO), David Moroney (Non-Executive Director), Bob Va