St. Barbara Ltd. · ASX:SBM
St. Barbara — Q1 FY2015 Earnings Presentation
23 slides from St. Barbara's earnings presentation, Oct 21, 2014
Slide 1: Presentation on the September 2014 Quarterly Report and audio webcast
ASX Release / 21 October 2014 For personal use only Presentation on the September 2014 Quarterly Report and audio webcast Bob Vassie, Managing Director & CEO, will brief analysts and institutional investors on the September 2014 Quarterly Report at 1:00 pm Australian Eastern Standard Time (UTC + 11
Slide 2: September 2014 Quarterly Presentation
BOB VASSIE, MANAGING DIRECTOR & CEO / 21 October 2014 For personal use only September 2014 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 ˃ Key Points ˃ Safety ˃ Operations Results ˃ Exploration ˃ Finance ˃ Corporate ˃ Conclusion ˃ Appendices 3/ September 2014 Quarterly Presentation
Slide 5: Key Points Q1 September 2014
Key Points Q1 September 2014 For personal use only ˃ Leonora September mill maintenance shutdown successful and production resumed on schedule ˃ Operational performance at Simberi improving ˃ FY15 Guidance maintained for Leonora and provided for Simberi ˃ At 30 September 2014 cash at bank was A$56 m
Slide 6: Start safe, stay safe
Start safe, stay safe For personal use only Total Recordable Injury Frequency Rate 14.8 12.5 Safety performance 11.1 ˃ TRIFR1 of 4.9 at 30 Sep 2014 9.0 ˃ Despite increase is still a strong result for mixed jurisdiction 6.0 underground / open pit 4.9 combination 4.1 ˃ TRIFR includes Pacific Operation
Slide 7: Consolidated Gold Production
Consolidated Gold Production For personal use only ˃ September Quarter: 97 94 93 92 ˃ Production at Gwalia and 15 15 King of the Hills less than 16 13 12 previous quarter because of 9 69 11 19 2 week mill maintenance 17 17 13 shutdown 17 11 ˃ Simberi improved within the quarter 59 53 53 49 45 ˃ Gold
Slide 8: Gwalia: St Barbara's cornerstone mine
Gwalia: St Barbara’s cornerstone mine For personal use only Gold Production ˃ Production result impacted by 2 week mill maintenance shutdown 59.4 ˃ Mined volume consistent with 53.2 52.6 previous quarter, grade 7.9 g/t Au 49.1 45.4 ˃ Estimated 6,500 oz contained in stockpiled ore at end of quarter ˃
Slide 9: Future Gwalia – Drilling Plan (Cross Section View)
Future Gwalia – Drilling Plan (Cross Section View) West Surface East For personal use only Potential shaft location New parent hole - GWDD16 1,800mbs Target 2,200mbs 8/ September 2014 Quarterly Presentation
Slide 10: Future Gwalia – Drilling Plan (Long Section View)
Future Gwalia – Drilling Plan (Long Section View) For personal use only Potential shaft location New parent hole - GWDD16 1,550mbs 1,800mbs Target Zone Target (2,000mbs) 2,200mbs 9/ September 2014 Quarterly Presentation
Slide 11: King of the Hills: Delivering to plan
King of the Hills: Delivering to plan For personal use only Gold Production ˃ Lower production due to 2 week mill maintenance shutdown and higher grade 19.4 Gwalia ore prioritised 17.2 17.2 16.8 ˃ Ore mined consistent with previous quarters 10.8 ˃ Estimated 5,000 oz contained in stockpiled ore at en
Slide 12: Simberi: 5,000 ounces of gold produced in month of September
Simberi: 5,000 ounces of gold produced in month of September For personal use only Gold Production ˃ Simberi production consistent with previous quarter 12.8 12.7 ˃ September best production month 11.7 since April 2013 10.8 ˃ Engineering & maintenance program ongoing, excellent results in mill 8.9 t
Slide 13: Simberi: Continued improvement in ore milled
Simberi: Continued improvement in ore milled For personal use only Ore milled Gold production in Q1 last 3 quarters 536 463 4.9 5.0 368 2.7 FY14 FY14 FY15 Jul 14 Aug 14 Sep 14 Q3 Mar Q4 Jun Q1 Sep kt koz 12 / September 2014 Quarterly Presentation
Slide 14: Gold Ridge – Operations suspended
Gold Ridge – Operations suspended ˃ Gold Ridge Operations (Solomon Islands) remain suspended For personal use only while force majeure conditions continue ˃ Workforce and costs have been significantly reduced to suit current scale of activities ˃ Escalating security situation led to a withdrawal fro
Slide 15: Exploration – focus on near mine targets at Simberi
Exploration – focus on near mine targets at Simberi For personal use only ˃ Encouraging trench results obtained from a number of near mine locations on Simberi Island. Including: ˃ Monun Creek: ˃ SIMTR777: 35m @ 1.1 g/t Au ˃ SIMTR780: 20m @ 1.5 g/t Au ˃ Botlu North: ˃ SIMTR787: 20m @ 3.0 g/t Au, inc
Slide 16: Finance - At September 2014
Finance - At 30 September 2014 ˃ A$56 million cash (inc. $2 million restricted cash) 1 For personal use only Decrease since June quarter primarily due to funding of Pacific Operations, working capital movements2 and the two week mill maintenance shutdown at Leonora ˃ A$367 million interest bearing
Slide 17: Corporate
Corporate Organisational review is ongoing For personal use only During the quarter: Brisbane office was closed Staff numbers in Perth and Melbourne Offices further reduced Reduction in exploration staff in the Pacific ˃ Annual General Meeting 11:00 am (Melbourne time) on 25 November 201
Slide 18: Conclusion
Conclusion For personal use only ˃ Continued focus on safety ˃ Leonora production for quarter affected by mill shutdown, FY 15 guidance is maintained ˃ Simberi operational performance improving towards run rate of 100,000 oz p.a. ˃ No significant progress in negotiating transfer of Gold Ridge to S.I
Slide 19: Appendices
For personal use only Appendices 18 / September 2014 Quarterly Presentation
Slide 20: Consolidated Production Summary
Consolidated Production Summary Q1 Sep Guidance For personal use only FY15 FY15 Gwalia oz 45,391 180 - 200,000 Production King of the Hills oz 10,793 60 - 70,000 Simberi oz 12,639 70 - 80,000 Consolidated oz 68,823 310 - 350,000 Gwalia g/t 7.9 Mined Grade King of the Hills g/t 4.1 Simberi g/t 1.1 76
Slide 21: Investor Relations Enquiries
Investor Relations Enquiries For personal use only Rowan Cole Company Secretary Garth Campbell-Cowan Chief Financial Officer T: +61 3 8660 1900 E: info@stbarbara.com.au 20 / September 2014 Quarterly Presentation
Slide 22: Competent Persons Statement
Competent Persons Statement For personal use only Exploration Results The information in this report 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
Slide 23: 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