St. Barbara Ltd. · ASX:SBM
St. Barbara — Non-Deal Roadshow (July 2023)
29 slides from St. Barbara's roadshow presentation, Jul 5, 2023
Slide 1: Presentation to analysts and investors in Melbourne and Sydney
5 July 2023 Presentation to analysts and investors in Melbourne and Sydney Attached is a presentation by Mr Andrew Strelein, Managing Director & CEO, to analysts and investors in Melbourne and Sydney this week. Authorised by Andrew Strelein Managing Director & CEO For more information Investor Relat
Slide 2: Investor Roadshow
Investor Roadshow Andrew Strelein, Managing Director & CEO 5 – 7 July 2023
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: Disclaimer
Disclaimer JORC Code It is a requirement of the ASX Listing Rules that the reporting of (amongst other things) exploration results and mineral resources in Australia comply with the 2012 edition of the Joint Ore Reserves Committee’s Australasian Code for Reporting of Exploration Results, Mineral Res
Slide 5: Acknowledgement of Country
4 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.
Slide 6: Corporate Overview
5 Corporate Overview Corporate Structure Shareholders3 Shares on issue (ASX: SBM) 817.8M Institutional 59% Performance rights 8.8M Share price1 $0.53 Market capitalisation1 $433M Retail 35% Genesis Shares to be distributed1 $262M Other 6% Cash2 $294M Substantial shareholders4 L1 Capital 9% Baker Ste
Slide 7: The St Barbara Asset Portfolio
6 The St Barbara Asset Portfolio Atlantic operations, Nova Scotia Simberi operations, Papua New Guinea Investment portfolio Atlantic Operations1 Simberi Operations1 Assets Ore Reserves 46.0Mt @ 1.0 g/t for 1.5Moz Au Ore Reserves 34.8Mt @ 1.8 g/t for 2.0Moz Au Cash2 $294M Mineral Resource 57.0Mt @ 1.
Slide 8: Atlantic Operations
Atlantic Operations
Slide 9: Atlantic Operations
8 Atlantic Operations Overview • 1.9Moz in Mineral Resources / 1.5Moz in Ore Reserves • Located north-east of Halifax, Nova Scotia, Canada Atlantic Operations • Touquoy plant is a conventional carbon in leach circuit with 2.8Mtpa capacity Strategy Focus Areas Status Prioritise development of Fifteen
Slide 10: Atlantic Open Pits – Ore Reserves and Strip Ratios
9 Atlantic Open Pits – Ore Reserves and Strip Ratios Proved Probable Total Strip Ratio Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Deposit waste:ore (000’s) (g/t Au) (000’s) (000’s) (g/t Au) (000’s) (000’s) (g/t Au) (000’s) Fifteen Mile Stream 5,580 1.1 196 11,180 1.1 381 16,760 1.1
Slide 11: Atlantic – Cochrane Hill
10 Atlantic – Cochrane Hill • An initial diamond drill program comprising 25 holes for 2,500m is planned to test prospective stratigraphy along strike East and West of the Cochrane Hill Deposit • Significant intercepts at Cochrane Hill West requiring follow-up drilling include: • CHC-07-019: 8m @ 12
Slide 12: Atlantic – Goldboro East
11 Atlantic – Goldboro East • An initial diamond drill program comprising 4 holes for 800m has been designed to test the Goldboro East target • The drilling is designed to test for shallow eastern extensions to Signal Gold’s Goldboro deposit (a ~3.0 Moz Au Open Pit and Underground NI 43-101 Resource
Slide 13: Atlantic – Mooseland
12 Atlantic – Mooseland • Located 16km southeast of Touquoy Mine • The Mooseland 143 hole historical drill database has been validated for collar locations, down hole surveys, assay results, with detailed geological and structural logs captured • Re-logging, re-sampling and re- assaying of 45 histor
Slide 14: Simberi Operations
Simberi Operations
Slide 15: Simberi Operations
14 Simberi Operations Overview Simberi • 4.0Moz in Mineral Resources Operations • 2.0Moz in Ore Reserves • Northernmost island in the Tabar group of islands in the New Ireland Province, Papua New Guinea • Open cut mine with a 3.5Mtpa plant (oxides) Strategy Focus Areas Status Extend oxide production
Slide 16: Simberi – current mine schedule extended out for FY24 to FY26
15 Simberi – current mine schedule extended out for FY24 to FY26 3,500,000 1.10 3,000,000 1.00 2,500,000 0.90 Gold grade (g/t) 2,000,000 Ore Tonnes 0.80 1,500,000 0.70 1,000,000 0.60 500,000 0 0.50 FY24 FY25 FY26 Measured Resources Indicated Resources Inferred Resources *Lower cut-off/material class
Slide 17: Simberi – Expansion Exploration Targets
16 Simberi – Expansion Exploration Targets • Detailed 3D modelling of sulphide mineralisation on ML136 has been completed targeting below and in between the Sorowar and Pigiput deposits as well as below Pigibo deposit • A combined diamond and RC drill program of approximately 30 holes for 7,000m was
Slide 18: Sorowar - Pigiput Trend
17 Sorowar - Pigiput Trend • Sorowar Cross Section looking Northwest • Gold and multi- element geochemical studies highlight that the best developed and highest grade gold on the mine lease generally occurs in a "Productive Window" between - 25m RL and +75m RL • Drilling is targeting down dip of hig
Slide 19: Sorowar - Pigiput Trend
18 Sorowar - Pigiput Trend • Southern Sorowar Cross Section looking North • Gold and multi- element geochemical studies highlight that the best developed and highest grade gold on the mine lease generally occurs in a "Productive Window" between - 25m RL and +75m RL • Drilling is targeting down dip o
Slide 20: Pigibo Extensions
19 Pigibo Extensions • Pigibo Cross Section looking Northwest • The Pigibo pit is currently constrained by the limit of drilling information • Drilling is targeting down dip of high-grade intercepts
Slide 21: Corporate
Corporate
Slide 22: Investment portfolio
21 Investment portfolio Listed equity investments1 • Catalyst (ASX:CYL), 12.7m shares ($10M) • Kin (ASX:KIN), 158.1m shares ($5M) • Peel (ASX:PEX), 41.5m shares ($5M) Royalty portfolio • ~20 mineral royalties majority in Western Australia • Considered non-core and in advanced stage discussions on di
Slide 23: Following up encouraging results at Back Creek (NSW)
22 Following up encouraging results at Back Creek (NSW) • EL8214 and EL8530 were recently renewed for 5 year terms • Soil sampling, aircore and diamond drilling programs are planned to advance the two main targets • Exploration is targeting porphyry copper-gold mineralisation in the east and mesothe
Slide 24: Back Creek South - West Targets
23 Back Creek South - West Targets • Limited aircore and diamond drilling at the SW target testing a 1km strike length • Best results include: ‒ BKAC0036: 6 m @ 1.60 g/t Au from 97 m, including 1 m @ 5.16 g/t Au from 100 m ‒ BKAC0059: 7 m @ 1.04 g/t Au from 38 m, including 1 m @ 3.37 g/t Au from 39
Slide 25: Investor Relations enquiries
Investor Relations enquiries INVESTOR RELATIONS MEDIA RELATIONS David Cotterell Citadel-MAGNUS General Manager Business Development & Investor Relations Paul Ryan / Michael Weir T: +61 3 8660 1959 M: +61 409 296 511 M: +61 447 644 648 M: +61 402 347 032 E: info@stbarbara.com.au
Slide 26: Supplementary slides
Supplementary slides
Slide 27: APPENDIX A – St Barbara Ore Reserves
APPENDIX A – St Barbara Ore Reserves Proved Probable Total Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Deposit (000’s) (g/t Au) (000’s) (000’s) (g/t Au) (000’s) (000’s) (g/t Au) (000’s) Touquoy 250 0.7 6 320 0.6 7 570 0.7 13 Beaver Dam 4,340 1.4 195 3,490 1.3 150 7,840 1.4 345 Fiftee
Slide 28: APPENDIX B – St Barbara Mineral Resources
APPENDIX B – St Barbara Mineral Resources Measured Indicated Inferred Total Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Deposit (000’s) (g/t Au) (000’s) (000’s) (g/t Au) (000’s) (000’s) (g/t Au) (000’s) (000’s) (g/t Au) (000’s) Touquoy - - - 1,249 0.6 23 100 0.5 1
Slide 29: St Barbara
St Barbara