St. Barbara Ltd. · ASX:SBM
St. Barbara — Merger or Acquisition (December 2021)
20 slides from St. Barbara's merger presentation, Dec 20, 2021
Slide 1: Presentation on Accelerating the Leonora Province Plan
20 December 2021 Presentation on Accelerating the Leonora Province Plan Mr Craig Jetson, Managing Director & CEO, will brief analysts and investors on the Bardoc Acquisition and accelerated Leonora Province Plan at 11:00 am Australian Eastern Daylight Time (UTC + 11 hours) on Monday 20 December 2021
Slide 2: Accelerating the Leonora Province Plan
Accelerating the Leonora Province Plan Craig Jetson Managing Director and CEO 20 December 2021
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 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 heritage
Slide 5: Transaction overview and rationale
Transaction overview and rationale
Slide 6: Transaction overview
Transaction overview St Barbara to acquire Bardoc Gold via recommended scheme of arrangement • St Barbara Limited (St Barbara) has entered into a scheme implementation deed for the all-scrip acquisition of Bardoc Gold Transaction Limited (Bardoc) by way of a scheme of arrangement (Scheme) overview •
Slide 7: Transaction rationale
Transaction rationale Transaction expands St Barbara’s footprint in the Leonora province and accelerates the Leonora Province Plan Strategic acquisition of Upgrading Leonora Updated Leonora Province Bardoc Gold processing plant Plan fills the mill • Two Bardoc Gold projects ready • Significant resou
Slide 8: Strategic acquisition of Bardoc Gold
Strategic acquisition of Bardoc Gold
Slide 9: Filling the mill with Bardoc Gold ore
Filling the mill with Bardoc Gold ore1 Railway from Bardoc tenements to Leonora About Bardoc Gold Bardoc tenement overview • 3.1Moz Mineral Resources & 1 1.0Moz Ore Reserves Aphrodite 25.5Mt @ 2.0g/t for 1.7Moz • Large contiguous tenement package of Grafters 40 tenements covering an area of 319kt @
Slide 10: Two new underground mines ready to be developed
Two new underground mines ready to be developed Zoroastrian underground mine Aphrodite underground mine Total Mineral Resources1 1.6Mt @ 4.0 g/t Au 6.7Mt @ 3.6 g/t Au Capital cost to develop2 Estimated A$15M Estimated A$30M Ore type Free-mill Refractory Mining method Longhole open stoping Longhole o
Slide 11: Upgrading Leonora processing plant
Upgrading Leonora processing plant
Slide 12: Building a regional processing hub
Building a regional processing hub Leonora processing plant layout Low capital cost debottlenecking opportunity N • Plan increases processing throughput from 1.4Mtpa to 2.1Mtpa • Capital cost: ~A$30M1 Additional CIL Tank • Conveyor upgrades, additional ball mill and CIL tank to debottleneck existing
Slide 13: Safe low cost Albion Process™
Safe low cost Albion Process™ Overview of the Albion Process™ Process flow diagram • Developed by Glencore, the process has historically Free Milling Refractory ROM Pad ROM Pad delivered 97% recoveries in refractory gold ‒ Promising test work already completed on Aphrodite ore ‒ In the process of co
Slide 14: Updated Leonora Province Plan fills the mill
Updated Leonora Province Plan fills the mill
Slide 15: Tower Hill shifts to open cut and grows Mineral Resource by 0.6Moz
Tower Hill shifts to open cut and grows Mineral Resource by 0.6Moz Plan view of Tower Hill deposit Long section view of Tower Hill deposit Change in Indicated and Inferred Mineral Million Tonnes Grade Million Ounces Resource (g/t) Previous Tower Hill Underground 5.1 3.8 0.6 (as at 30 June 2021) Curr
Slide 16: Filling the Leonora processing plant
Filling the Leonora processing plant Ore mining Mine rate being Mineral Resources evaluated Mtpa Tonnes (Mt) Grade (g/t Au) Moz Au Gwalia 1.1 25.4 5.9 4.8 Underground Trevor Bore TBD TBD TBD TBD Zoroastrian 0.3 - 0.51 1.62 4.02 0.22 Underground Aphrodite 0.9 - 1.01 6.72 3.62 0.82 Underground3 Harbou
Slide 17: Targeted timeline
Targeted timeline1 Target date Event December 2021 Execution of Scheme Implementation Deed for acquisition of Bardoc April 2022 Anticipated implementation of Bardoc Scheme of Arrangement Q4 FY22 Pre-Feasibility Study of Leonora mill expansion to 2.1Mtpa & Refractory ore processing complete Q2 FY23 F
Slide 18: Growth plans are expected fully funded through debt and operating cash flow
Growth plans are expected fully funded through debt and operating cash flow1 Capital projects estimates • Simberi Sulphide Project: ~US$170M FY22 to FY24 • Beaver Dam mine construction: ~A$117M FY23 to FY24 • Zoroastrian mine construction: ~A$15M FY23 to FY242 • Aphrodite mine construction: ~A$30M F
Slide 19: Accelerating the Leonora Province Plan
Accelerating the Leonora Province Plan Strategic acquisition of Upgrading Leonora Updated Leonora Province Bardoc Gold processing plant Plan fills the mill • Two Bardoc Gold projects ready • Significant resource position • Refractory treatment capability to be developed underpins plans to expand wil
Slide 20: St Barbara
StBarbara