St. Barbara Ltd. · ASX:SBM
St. Barbara — 16th PNG Mining and Petroleum Investment Conference 2019
40 slides from St. Barbara's conference presentation, Dec 4, 2019
Slide 1: Presentation to 16th PNG Mining and Petroleum Investment Conference
ASX Release / 4 December 2019 Presentation to 16th PNG Mining and Petroleum Investment Conference Tim Richards, General Manager Simberi Operations, will present to the 16th Papua New Guinea Mining and Petroleum Investment Conference in Port Moresby, on Wednesday 4 December 2019. Investor Relations D
Slide 2: PNG Mining & Petroleum Investment Conference
TIM RICHARDS, GENERAL MANAGER SIMBERI OPERATIONS / 3-5 December 2019 PNG Mining & Petroleum Investment Conference
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: Contents
Contents Overview Simberi operations Exploration & Growth People & Community 3 / PNG Mining & Petroleum Conference
Slide 5: St Barbara at a Glance
St Barbara at a Glance Leonora (Gwalia mine) Simberi Atlantic Gold • Gwalia underground mine • Open pit mine • Open pit mine • FY 20F production 175-190 koz • FY 20F production 110-125 koz • FY 20F production 95–105 koz • 2.1 Moz Ore Reserve • 0.3 Moz oxide and 1.4 Moz • 1.9 Moz Ore Reserve (open at
Slide 6: St Barbara at a Glance FY19 Geographic Segments
St Barbara at a Glance FY19 Geographic Segments (Atlantic Gold included from FY20) Production 220 142 362 Koz Underlying profit 1 162 90 A$ 252 M from operations 2 Ore Reserves 2.4 1.7 4.1 Moz Employees and 2,002 People 692 1,240 70 Contractors 0% 100% Leonora, WA Simberi, PNG Australian offices 1.
Slide 7: Simberi – Safety Record
Simberi – Safety Record Total Recordable Injury Frequency Rate1 3.4 2.5 1.9 1.3 1.2 1.1 0.8 FY 13 FY 14 FY15 FY16 FY17 FY18 FY19 • TRIFR corresponds to 3 low range injuries in last 12 months Members of the Simberi Operations Emergency Response Team training • Corresponding LTIFR (lost time/ ’serious
Slide 8: Simberi reaches millionth ounce milestone
Simberi reaches 1 millionth ounce milestone Lifetime Production Koz Simberi Operation Simberi Operations 1200 1Moz 26 Oct 19 reached a significant 1000 milestone this year, 800 producing its one 600 millionth ounce of gold 400 200 since the first gold 0 pour in February 2008. FY 08 FY 09 FY 10 FY 11
Slide 9: Simberi Production and Cost Profile
Simberi Production and Cost Profile AISC1 2,111 (US$/oz) 1,218 941 895 828 831 142 Production 135 (koz) 116 110 80 44 FY14 FY15 FY16 FY17 FY18 FY19 1. AISC is a non IFRS measure, refer corresponding slide in Appendix. 8 / PNG Mining & Petroleum Conference
Slide 10: Exploration & Growth
Exploration & Growth 9 / PNG Mining & Petroleum Conference
Slide 11: Exploration – Tabar Island Group, PNG, Q1 FY20
Exploration – Tabar Island Group, PNG, Q1 FY20 Simberi Island • Sulphide drilling beneath Sorowar pit has been completed • Testing for copper-gold porphyry deposits at depth below Pigiput pit Tatau and Big Tabar Islands • Continued drilling at the Banesa copper – gold porphyry prospect on Big Tabar
Slide 12: Simberi Sulphide – Potential Long Life Mine Extension
Simberi Sulphide – Potential Long Life Mine Extension Modelled ultimate pit shells1 with associated sulphide reserves 1.4 Moz Sulphide Reserve @ 2.4 g/t Au, 3.3 Moz Sulphide Resource @ 1.6 g/t Au 2 • Focused exploration for sulphide ore underway to improve project economics • Sorowar not drilled at
Slide 13: Exploration – Simberi Island, Sorowar Pit
Exploration – Simberi Island, PNG, Q1 September FY20 Sorowar Pit Best intersections include (all results downhole): 110SRDH002: 11 m at 8.62 g/t Au from 21 m 150SRDH045: 25 m at 3.09 g/t Au from 136 m 125SRDH011: 12 m at 12.8 g/t Au from 75 m 125SRDH015: 11 m at 13.2 g/t Au from 45 m For full explan
Slide 14: Exploration – Simberi Island, PNG, Q1 September FY20
Exploration – Simberi Island, PNG, Q1 September FY20 For full explanation and results refer to ASX release 21 October 2019 ‘Q1 September FY20 Quarterly Report’ 13 / PNG Mining & Petroleum Conference
Slide 15: Simberi – Local Employment
Simberi – Local Employment Gwalia Processing plant Gwalia Gwalia –– Underground Underground mining mining Truck Truck Top L: A'aiba Elias. Top R: Steven Rangrang and Gerard Gulung. Bottom L: Cathy Andrew. Bottom R: Salome Palua, Rose Joe, Fidelia Panol, Betty William, Joyce Robin, Esther Lerekin 14
Slide 16: Local Employment and Minimisation of Expat Labour
Local Employment and Minimisation of Expat Labour Simberi employees diversity 100% 100% 100% Simberi gender diversity Females, 14% 55% 54% 52% Simberi and Tabar Islanders Gwalia Processing plant Gwalia Gwalia –– Underground Underground mining mining Truck Truck 41% 43% 44% PNG Nationals (Other parts
Slide 17: Upskilling our Workforce at Simberi
Upskilling our Workforce at Simberi Commitment to upskilling our workforce • 1.6 million kina spent on training in 2019 Apprenticeships • 13 enrolled in nationally recognised apprenticeships. Over and above these, 4 Traineeships completed their apprenticeships and were appointed as tradespeople • 12
Slide 18: Commitment to Landowner Businesses at Simberi
Commitment to Landowner Businesses at Simberi A$7 M spent with Landowner businesses in FY19 Spending in the Community A$M Expenditure via Landowner • Landowner business / mine services: 7.6 companies • Bakery, market garden, wet mess management 7.0 6.6 • Boats (exploration & logistics) • Earthmoving
Slide 19: Supporting the Simberi Community
Supporting the Simberi Community • New Ireland Province Malaria Alliance Works to eliminate malaria in the New Ireland Province of PNG. • Australian Doctors International Deploys volunteer Australian doctors to PNG to treat Gwaliaand train plant Processing in rural and remote areas. • Elementary Sch
Slide 20: Supporting the Community with Infrastructure and Services
Supporting the Community with Infrastructure and Services Road and water infrastructure, education, medical services • Maintaining roads, bridges, water supply, school and clinics, including new community clinic staff housing in 2018 • Logistical support to school and police Gwalia Processing plant
Slide 21: Supporting the Simberi Community
Supporting the Simberi Community Simberi Ring Road Maintenance • Resurfacing - utilizing local landowner contractors • Re-sheeting of washouts / potholes • Culvert and bridge maintenance School Support • Maintenance of classrooms, Gwalia Processing provision plant of books Gwalia Gwalia –– Undergrou
Slide 22: Supporting Simberi's Post-Mining Future
Supporting Simberi’s Post-Mining Future Sustainable business development • Landowners business umbrella company ‘SMS’ (Simberi Mine Services) established as vehicle for sustainable business opportunities post mining e.g. bakery, rehabilitation, agriculture, tourism, fishing • Training in business ac
Slide 23: Case study: Simberi Mine Services (SMS) Cocoa Plantations
Case study: Simberi Mine Services (SMS) Cocoa Plantations Co-operative cocoa plantation project Company provided: • Initial 5,000 seedlings, nursey for ongoing seedling production (now self-sustaining) • Initial plantation within the mining lease, labour provided by SMS with company assistance, demo
Slide 24: Gender Smart Safety in PNG
Gender Smart Safety in PNG In August 2018, St Barbara presented on its Gender Smart Safety program at the Minerals and Energy for Development Alliance Women in Resources conference in Lae, PNG; and in November 2018, at the Minerals Council of Australia Gender Diversity Working Group ‘White Ribbon’ e
Slide 25: Sharing our Success through Royalties
Sharing our Success through Royalties Simberi Royalties 31.3 A$M 25.7 24.4 20.8 18.7 16.3 13.8 12.4 9.8 9.4 8.5 6.9 5.2 5.5 3.5 2.9 5.7 1.9 1.6 4.5 4.9 0.8 3.9 1.6 1.7 2.6 0.8 1.1 1.7 1.6 1.4 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 Cumulative SBM Royalties AG Royalties SBM Cumula
Slide 26: Taxes and Duties
Taxes and Duties Income tax, other taxes, royalties and duties1 paid A$M 12 12 13 10 5 FY15 FY16 FY17 FY18 FY19 1. Other taxes includes salary taxes paid by Group on behalf of employees. Excludes corporate royalties. PNG in net tax loss position, no income tax paid FY17-FY19. Bob Vassie, Managing Di
Slide 27: Appendices
Appendices 26 / PNG Mining & Petroleum Conference
Slide 28: St Barbara's Values
St Barbara’s Values We act with honesty and integrity We treat people with respect We value working together We deliver to promise We strive to do better Above: Roger Boston, Processing Manager and Paul Lingei, Superintendent Metallurgy, both at Simberi, PNG, 2018 27 / PNG Mining & Petroleum Confere
Slide 29: Code of Conduct
The St Barbara ‘Code of Conduct’ St Barbara’s code of conduct: the framework of policies that puts our values into practice Code of Conduct Our People Community & Business Integrity Safeguarding Environment St Barbara Diversity & Inclusion Community Relations Anti-Bribery and Anti- Continuou
Slide 30: St Barbara's Anti-Bribery and Anti-Corruption
St Barbara’s Anti-Bribery and Anti-Corruption St Barbara has developed a comprehensive framework of Anti-Bribery and Anti-Corruption measures to prevent and detect bribery and corruption, comprising an integrated set of policies, training, audits, procedures and registers. - Gifts, Entertainment and
Slide 31: Exploration | Simberi Island, PNG
Exploration | Simberi Island, PNG For full explanation and results refer to ASX release 21 October 2019 ‘Q1 September FY20 Quarterly Report’ 30 / PNG Mining & Petroleum Conference
Slide 32: Exploration | Simberi Island, PNG
Exploration | Simberi Island, PNG For full explanation and results refer to ASX release 21 October 2019 ‘Q1 September FY20 Quarterly Report’ 31 / PNG Mining & Petroleum Conference
Slide 33: Exploration | Simberi Island, PNG
Exploration | Simberi Island, PNG For full explanation and results refer to ASX release 21 October 2019 ‘Q1 September FY20 Quarterly Report’ 32 / PNG Mining & Petroleum Conference
Slide 34: Exploration | Simberi Island, PNG
Exploration | Simberi Island, PNG For full explanation and results refer to ASX release 21 October 2019 ‘Q1 September FY20 Quarterly Report’ 33 / PNG Mining & Petroleum Conference
Slide 35: Exploration | Simberi Island, PNG
Exploration | Simberi Island, PNG For full explanation and results refer to ASX release 21 October 2019 ‘Q1 September FY20 Quarterly Report’ 34 / PNG Mining & Petroleum Conference
Slide 36: Ore Reserves Summary as at 30 June 2019 + Atlantic Gold
Ore Reserves Summary as at 30 June 2019 + Atlantic Gold 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) 2,220 8.0 568 7,915 5.9 1,506 10,135 6.4 2,073 Tower Hill, (WA) - - - 2,572 3.7 306
Slide 37: Mineral Resources Summary at 30 June 2019 + Atlantic Gold
Mineral Resources Summary at 30 June 2019 + Atlantic Gold 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) 5,034 7.3 1,183 17,527 6.0 3,39
Slide 38: Competent Persons Statement
Competent Persons Statement 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 Mustard is a full-time empl
Slide 39: Non-IFRS Measures
Non-IFRS Measures 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 assist management, invest
Slide 40: Investor Relations Enquiries
Investor Relations Enquiries Rowan Cole Company Secretary David Cotterell Manager Investor Relations T: +61 3 8660 1900 E: info@stbarbara.com.au Above: Female heavy vehicle operators at Simberi. Salome, Betty, Joyce, Esther, Rose and Fidelia all work on the same crew and they 39 / PNG Mining & Petro
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