St. Barbara Ltd. · ASX:SBM
St. Barbara — Diggers & Dealers Mining Forum 2021
39 slides from St. Barbara's conference presentation, Aug 4, 2021
Slide 1: Presentation to Diggers and Dealers Mining Forum
4 August 2021 Presentation to Diggers and Dealers Mining Forum Ms Meryl Jones, Head of Business Development, will present to the Diggers and Dealers Mining Forum being held in Kalgoorlie, Western Australia. The presentation will be live streamed at https://www.diggersndealers.com.au/live-stream/. Fo
Slide 2: Diggers & Dealers 2021: Pathway to 3 operations >10 years of life
Diggers & Dealers 2021 Pathway to 3 operations >10 years of life Meryl Jones Head of Business Development 2-4 August 2021
Slide 3: Disclaimer
2 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 Com
Slide 4: Acknowledgement of Country
3 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 herita
Slide 5: Safety always
4 Safety always TOTAL RECORDABLE INJURY FREQUNCY RATE (TRIFR)1 5.0 3.9 Safety 3.0 Always 2.1 Zero harm is always our target. Zero harm 1.2 to all people as we responsibly operate our assets to their full potential. This focus FY17 FY18 FY19 FY20 FY21 on safety guides everything we do. 1. Total Recor
Slide 6: Consolidated FY21 Results
5 Consolidated FY21 Results AISC1 (A$/oz) FY21 Production Results 1,711 1,649 1,623 Gold production AISC 1,517 • Consolidated 327,662 oz A$ 1,616 • Atlantic 101,243 oz A$ 1,027 GOLD PRODUCTION • Leonora 152,696 oz A$ 1,744 (koz) • Simberi 73,723 oz A$ 2,162 90 82 83 73 27 21 27 27 FY22 Guidance 42 4
Slide 7: A growing gold company with a global outlook
6 A growing gold company with a global outlook 3 operations with pathway to greater than 10 years of operating life
Slide 8: Building Brilliance: our pathway to growing operating life
7 Building Brilliance our pathway to growing operating life Uplift 3: Grow through Uplift 2: Execute brownfield acquisitions and exploration 18 months – 3 years Uplift 1: Deliver Building expansion projects Acquire assets with a scalable Brilliance in operations and production outlook and capture De
Slide 9: Leonora Operations
Leonora Operations Province Plan adding 1.4 Moz on pathway to greater than 10yrs
Slide 10: Uplift 1 – Debottlenecking Gwalia mine
9 Uplift 1 – Debottlenecking Gwalia mine Production drilling (metres/day) 9% improvement 500 400 300 200 100 0 Q1 Q2 Q3 Q4 FY21 Actual FY22 Target Automated long hole drill rig at Gwalia mine
Slide 11: Uplift 1 – Debottlenecking Gwalia mine
10 Uplift 1 – Debottlenecking Gwalia mine Total material moved (kt/day) 44% improvement 4.0 3.0 2.0 1.0 - Q1 Q2 Q3 Q4 FY21 Actual FY22 Target Development Fronts (Nos.) 35 30 25 20 15 10 5 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Loader at Gwalia mine FY21 Actual FY22 Target
Slide 12: Uplift 2 – Gwalia resource potential
11 Uplift 2 – Gwalia resource potential Underground upside • Underground upside with potential between 400 metres below surface and 1,100 metres below surface for additional Mineral Resources to be defined
Slide 13: Uplift 2 – Tower Hill, Harbour Lights and Gwalia near mine
12 Uplift 2 – Tower Hill, Harbour Lights and Gwalia near mine Aerial view Tower Hill and Harbour Lights
Slide 14: Uplift 3 – Exploring all options to add tonnes to the mill
13 Uplift 3 – Exploring all options to add tonnes to the mill Tolling Joint ventures Acquisitions Ore purchases Ore purchases from Linden Gold Alliance’s Second Fortune Mine
Slide 15: Uplift 3 – Leonora regional targets
14 Uplift 3 – Leonora regional targets Exploration drill rig at Jasper Region
Slide 16: Filling the mill
15 Filling the mill +1.7 0.3 1.4 1.4 Mtpa 1.3 0.3 Current 0.4 mill Maximise the value from current 0.2 capacity operations through productivity improvements and cost reduction 0.7 0.1 0.9 0.6 FY21 FY22 Uplift 1 ~FY23 Uplift 2 ~FY25 Actuals Guidance Outlook Gwalia underground Leonora province total B
Slide 17: Leonora Province: indicative timeline for development
16 Leonora Province Indicative timeline for development
Slide 18: Atlantic Operations
Atlantic Operations Satellite deposits to add operating life of greater than 10 years
Slide 19: Uplift 1 – Improving plant performance
18 Uplift 1 – Improving plant performance Mill throughput (tonnes per hour) 22% improvement 380 360 340 320 300 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY20 FY21 Actual FY21 target Trommel and spray bars at Touquoy processing plant Gravity screen at Touquoy processing plant
Slide 20: Uplift 1 – Improving plant performance
19 Uplift 1 – Improving plant performance Mill availability (%) 14% improvement 100% 95% 90% 85% 80% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY20 FY21 Actual FY21 target Recovery (%) 95% 90% 85% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY20 FY21 Downcomer installation in leach tanks Actual FY21 target at Touquoy processing plant
Slide 21: Uplift 2 – Projects overview – Beaver Dam & Fifteen Mile Stream
20 Uplift 2 – Projects overview – Beaver Dam & Fifteen Mile Stream
Slide 22: Exploration in Nova Scotia
21 Exploration in Nova Scotia
Slide 23: Simberi Operations
Simberi Operations Evolving to sulphide processing to achieve greater than 10 years of operating life
Slide 24: Uplift 1 – Maximise value from oxides
23 Uplift 1 – Maximise value from oxides Oxide exploration drill rig at Simberi
Slide 25: Uplift 2 – Sulphide project – FY24 and beyond
24 Uplift 2 – Sulphide project – FY24 and beyond Feasibility Study highlights: Forecast Gold Production (koz) • Initial capital expenditure of US$170 M • Payback period of ~3 years • Life of mine averages • Gold production of ~160 koz per annum • AISC of US$896 per ounce • NPV of US$220 M (post-tax)
Slide 26: Uplift 3 – Exploration on Tabar Islands Group
25 Uplift 3 – Exploration on Tabar Islands Group Exploration drilling on Big Tabar Island
Slide 27: Exploration: Looking beyond the next 10 years
Exploration Looking beyond the next 10 years
Slide 28: Uplift 3 – Grow through acquisitions, joint ventures and exploration
27 Uplift 3 – Grow through acquisitions, joint ventures and exploration
Slide 29: Conclusion
28 Conclusion • Pathway to establishing 3 operations each with greater than 10 years of operating life: o Province Plan adding 1.4 Moz for greater than 10 years of operating life o Satellite deposits to add greater than 10 years of operating life o Evolving to Sulphide processing to achieve greater
Slide 30: St Barbara
StBarbara
Slide 31: Supplementary slides
Supplementary slides
Slide 32: Consolidated production, costs and guidance summary
31 Consolidated production, costs and guidance summary Production Summary Year Q1 Sep Q2 Dec Q3 Mar Q4 Jun Year Guidance Guidance Consolidated FY20 FY21 FY21 FY21 FY21 FY21 FY21 FY22 St Barbara’s financial year is Year to Qtr to Qtr to Qtr to Qtr to Year to Year to Year to 1 July to 30 June 30 June
Slide 33: Hedging summary as at 4 August 2021
32 Hedging summary as at 4 August 2021 Financial Volume Price Type Delivery Delivery Announced Year Ounces $/oz schedule Aug 21 to Dec 22 63,010 C$2,050 European call options Aug 2021 to Dec 22 Monthly 24 Feb 20201 1. The European call options replaced previous forward contacts priced at C$1,550/oz.
Slide 34: Project pipeline
33 Project pipeline KEY Canada Papua New Guinea Regional Nova Scotia Australia Equity Investments Moose River Corridor Simberi Island Cochrane Hill (oxides) Back Creek Simberi Sulphides Greater Gwalia Leonora Province Kin Mining1 Pinjin Gwalia Shallows Touquoy Mine (19%) Peel Mining Aust Potash2 Gwa
Slide 35: Ore Reserves summary at 30 June 2020
34 Ore Reserves summary at 30 June 2020 Proved Probable Total Tonnes Gold Ounces Tonnes Gold Ounces Tonnes Gold Ounces Project ('000) (g/t) ('000) ('000) (g/t) ('000) ('000) (g/t) ('000) Gwalia, (WA) 1,583 8.0 409 7,824 5.9 1,483 9,407 6.3 1,892 Tower Hill, (WA) - - - 2,572 3.7 306 2,572 3.7 306 Sim
Slide 36: Mineral Resources summary at 30 June 2020
35 Mineral Resources summary at 30 June 2020 Measured Indicated Inferred Total Tonnes Gold Ounces Tonnes Gold Ounces Tonnes Gold Ounces Tonnes Gold Ounces Project ('000) (g/t) ('000) ('000) (g/t) ('000) ('000) (g/t) ('000) ('000) (g/t) ('000) Gwalia, (WA) 3,991 6.4 819 17,403 6.0 3,353 1,201 5.5 214
Slide 37: Competent persons statement
36 Competent persons statement Exploration Results The information in this presentation 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 St Barbara a
Slide 38: Investor Relations enquiries
Investor Relations enquiries Chris Maitland Head of Investor Relations T: +61 3 8660 1914 M: +61 477 120 070 E: info@stbarbara.com.au Scheduled ASX Announcements 26 August 2021 FY21 Financial Results Ore Reserves and Mineral Resources Statements
Slide 39: St Barbara
StBarbara