St. Barbara Ltd. · ASX:SBM
St. Barbara — Merger or Acquisition (April 2023)
18 slides from St. Barbara's merger presentation, Apr 17, 2023
Slide 1: Sale of Leonora Assets to Genesis Minerals for $600m
Sale of Leonora Assets to Genesis Minerals for $600m 17 April 2023
Slide 2: Disclaimer
Disclaimer Important: You must read the following before continuing. This Presentation has been prepared by St Barbara Limited ABN 36 009 165 006 (St Barbara). The following notice and disclaimer apply to this presentation (Presentation) and you are therefore advised to read this carefully before re
Slide 3: Disclaimer
Disclaimer Financial data All dollar values are in Australian dollars (A$ or AUD) unless otherwise stated. Amounts, totals and change percentages are calculated on whole numbers and not the rounded amounts presented. This Presentation includes certain historical financial information extracted St Ba
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
5 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: A New St Barbara
6 A New St Barbara St Barbara has entered a binding agreement with Genesis in respect of the sale of St Barbara’s Leonora Assets, including Gwalia and nearby exploration and development assets Total consideration of $600m comprising $370m upfront cash, $170m Genesis scrip and $60m Genesis scrip cont
Slide 7: Overview of Asset Sale
7 Overview of Asset Sale Transaction • Sale of St Barbara’s Leonora Assets, including Gwalia and nearby exploration and development assets to Genesis Minerals Structure • Total consideration of $600m comprised of $370m upfront cash, $170m1 Genesis scrip and $60m contingent consideration1,2 • St Barb
Slide 8: Revised Transaction Structure
8 Revised Transaction Structure Asset Sale Structure Pro-forma cash position Uses of Cash Consideration from Asset Sale $m $470m AUD debt repayment 70 Capital raising CAD debt repayment2 90 Lease liabilities repayment 15 $370m cash consideration, $170m scrip consideration1, Transaction costs 15 $60m
Slide 9: The St Barbara Asset Portfolio
9 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 $197m Mineral Resource 57.0Mt @ 1.
Slide 10: St Barbara Strategic Focus
10 St Barbara Strategic Focus St Barbara shareholders to realise the long-term value of the Simberi and Atlantic operations in a Atlantic Operations dedicated and refreshed vehicle Corporate Establish a refreshed corporate culture and identity focused on value Actively manage the investment portfoli
Slide 11: Atlantic
11 Atlantic Overview Strategy and priorities • 1.9Moz in Mineral Resources / 1.5Moz in 1. Prioritise development of Fifteen Ore Reserves Mile Stream, targeting development • Located ~80 kilometres north-east of Halifax, in FY26 Nova Scotia, Canada 2. Investigate repurposing Touquoy Atlantic plant fo
Slide 12: Simberi
12 Simberi Overview Strategy and priorities Simberi • 4.0Moz in Mineral Resources and 2.0Moz in 1. The success of the Strategic Review Operations Ore Reserves improved the long-term outlook for Simberi • Situated on the northernmost island in the Tabar group of islands in the New Ireland 2. Review p
Slide 13: Value proposition
13 Value proposition Transaction Highlights Pro-forma St Barbara 5.9Moz in Mineral Headline consideration Resources and 3.5Moz Exposure to Tower Hill Extinguishes all of $600m vs. in Ore Reserves – upside through Genesis senior debt and lease St Barbara enterprise implied multiples of scrip continge
Slide 14: Investor Relations enquiries
Investor Relations enquiries INVESTOR RELATIONS MEDIA RELATIONS Kasun Liyanaarachchi Citadel-MAGNUS Manager Investor Relations Paul Ryan / Michael Weir T: +61 8 9380 7854 M: +61 409 296 511 M: +61 499 538 252 M: +61 402 347 032 E: kasun.liyanaarachchi@stbarbara.com.au E: info@stbarbara.com.au
Slide 15: Supplementary slides
Supplementary slides
Slide 16: APPENDIX A – St Barbara Ore Reserves
APPENDIX A – St Barbara Ore Reserves St Barbara’s pro-forma Ore Reserves are 3.5Moz 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) Simberi Oxide 2,091 1.3 86 5,488 1.1 194 7,579 1.2
Slide 17: APPENDIX B – St Barbara Mineral Resources
APPENDIX B – St Barbara Mineral Resources St Barbara’s pro-forma Mineral Resources are 5.9Moz 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) (
Slide 18: St Barbara
St Barbara