St. Barbara Ltd. · ASX:SBM
St. Barbara — Corporate Update (February 2016)
72 slides from St. Barbara's corporate update, Feb 12, 2016
Slide 1: Gwalia investor and analyst site visit
Kous Kirsten, General Manager Leonora Operations Rowan Cole, Company Secretary Gwalia investor and analyst site visit 12 February 2016
Slide 2: 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 3: Contents
Contents ˃ Overview of Operations ˃ FY16 Guidance ˃ Safety ˃ Gwalia Mine, Leonora, WA ˃ Production ˃ Business Improvement ˃ Growth ˃ Exploration ˃ Innovation and Diversity ˃ Appendices 3/ Leonora Operations Site Visit / February 2016
Slide 4: St Barbara's history
St Barbara’s history 2005 2006 Leonora and Southern Cross Name changed to acquired from Sons of Gwalia St Barbara Ltd administrators & Meekatharra sold 2008 Gwalia commissioned 2004 Change in Board and 2011 Management King of the Hills commissioned Gold production, Meekatharra, WA 2012 1991 Allied G
Slide 5: Overview of operations
Overview of operations ASX 300 listed Company (SBM), founded 1969 Consolidated ˃ Shares on issue 495 M ˃ FY15A 377 koz ˃ Market Cap2 A$874 M @ AISC A$1,007/oz ˃ Ore Reserves 30 June 2015 4.0 Moz 1 ˃ FY16F3 367 koz ˃ Mineral Resources 30 June 2015 9.2 Moz 1 @ AISC A$1,025/oz ˃ ADR OTC code STBMY Simb
Slide 6: FY15 Scorecard
FY15 Scorecard Objective Result Guidance Gwalia – production and AISC1 Exceeded Simberi – production and AISC1 Achieved – 100 koz p.a. run rate Achieved – cash flow positive by June 2015 Quarter2 Exceeded Corporate Cost reduction Achieved Board renewal Achieved Gold Ridge - divestment Achieved King
Slide 7: Share Price Reflects Turnaround
Share Price Reflects Turnaround ASX:SBM $2.00 $1.80 $1.60 $1.40 $1.20 $1.00 $0.80 $0.60 $0.40 $0.20 $0.00 30 Sep 14 31 Dec 14 31 Mar 15 30 Jun 15 30 Sep 15 31 Dec 15 7/ Leonora Operations Site Visit / February 2016 Source: IRESS to 9 Feb 2016
Slide 8: EV/Production (A$/oz)
St Barbara vs other gold companies, ASX & globally Free cash flow, Enterprise Value, Production Bubble size = 7,000 production rate RRS LN (kozpa) AEM US DGC CN 6,000 NCM 5,000 GG US ABX US EV/Production (A$/oz) NEM US NGD US EGO US 4,000 AQG RRL EVN AUY US 3,000 BTG US KGC US NST SBM PPP US ANG SJ
Slide 9: Start safe, stay safe
Start safe, stay safe Total Recordable Injury Frequency Rate Safety performance ˃ TRIFR1,2 of 5.0 for FY15 12.5 ˃ Record low of 3.4 at Q2 FY16 9.0 ˃ Continued good results for mixed jurisdiction underground / open pit combination 6.0 ˃ Simberi Emergency Response 5.0 Team multi prize winners at 4.1 4
Slide 10: St Barbara Emergency Response Teams: International success
St Barbara Emergency Response Teams: International success St Barbara WA: Winners in 3 categories and overall winners, CME (WA) Eastern Regional Council 2015 Underground Mine Emergency Response Competition, held at Kanowna Belle WA, in November 2015 Gwalia Gwalia –– Underground Underground mining m
Slide 11: Leonora, Western Australia
Leonora, Western Australia Gwalia Processing plant Gwalia Gwalia –– Underground Underground mining mining Truck Truck Gwalia – New Absorption Chiller Plant Gwalia - Underground drilling 11 / Leonora Operations Site Visit / February 2016
Slide 12: Gwalia - one of Australia's most historic mines
Gwalia- one of Australia’s most historic mines 1896 - Welsh syndicate discovers the Gwalia Reef 1897 - Herbert Hoover buys mine for Bewick Moreing 1929 - Hoover becomes 31st President of USA 1963 - Mine closes 4 days before Christmas having produced more than 2.5 Moz over 67 years 1983 - Lalor Broth
Slide 13: Gwalia: production increasing year on year
Gwalia: production increasing year on year ˃ FY15 AISC1 A$841/oz Mined Grade (g/t Au) June 2015 8.8 8.9 ˃ Reserves at 30 June 20152: 8.2 8.4 Reserve grade 9.4 g/t Au 6.9 5.3 Mt @ 9.4 g/t Au for 1.6 Moz 5.7 6.3 Range ˃ Mine life based on Ore 260 248 245 Reserves2 ≈7 years 214 ˃ Improvement projects 1
Slide 14: Gwalia: St Barbara's cornerstone mine
Gwalia: St Barbara’s cornerstone mine AISC (A$/oz) 883 860 846 FY15 AISC A$841/oz 692 December 2015 Quarter: 645 ˃ Record production of 248 koz for FY15 ˃ 135,921 oz produced H1 FY16 June 2015 Mined Grade 9.7 9.7 Reserve grade ˃ 63,533 oz produced Q2 FY16 (g/t Au) 9.4 g/t Au 8.6 7.9 ˃ Ore grade fluc
Slide 15: Gwalia: FY16 production guidance
Gwalia: FY16 production guidance ˃ Production guidance for FY16 is 245,000 to 260,000 ounces. ˃ FY15 result proved operational improvements can keep pace with and exceed impacts of increasing depth. ˃ Waste storage underground1 has proven to be valuable and needs to be maintained for future success.
Slide 16: Developments at Gwalia in FY15
Developments at Gwalia in FY15 Absorption chiller plant: ˃ First utilisation of this technology in mining globally ˃ Cost A$5.5 million, projected savings in power usage- $2.7 million p.a. ˃ Received Certificate of Merit Golden Gecko environmental award 1 Deep HV Cable drop ˃ 1400m vertical HV cable
Slide 17: Gwalia growth studies - progress
Gwalia growth studies - progress Gwalia materials handling ˃ Conceptual studies on potential materials handling systems for deeper mining. These studies include: ˃ blind and raise-bore shafts with skip hoisting ˃ a shaft with vertical conveying ˃ new ventilation shaft(s) to facilitate continued truc
Slide 18: Gwalia Mining Strategy
Gwalia Mining Strategy Dual Lift Stoping in SWB Mining method ˃ mining sequence manages the hanging wall ˃ Long hole stoping with fill FY11 ˃ North & South access on 2 two dual lift levels gives 4 mining areas 1 ˃ Greater percentage of 5 free bogging increases productivity of each 4 stope ˃ Sill dri
Slide 19: Gwalia – targeting higher production
Gwalia – targeting higher production Stope Cycle Time – 6 months per stope ˃ ‘Bogging’ (extracting ore from the stope) represents just under 50% of stope cycle time ˃ Filling and curing around 30% of stope cycle time ˃ Adjacent stopes (beside, above, below) cannot be developed until curing complete
Slide 20: Gwalia Production Profile – 'Centre out' method
Gwalia Production Profile – ‘Centre out’ method Objective: Maximise production, Stope diagram of South West Branch constrained by: showing mining in Q3 & Q4 FY2015 1) Waiting for adjacent/above stope’s Plunge, centre paste fill to dry of lode 2) Geotech considerations – not too many open stopes too
Slide 21: Gwalia – targeting higher production
Gwalia – targeting higher production Waste rock disposal below ground Northern abutment stopes – three strategies Concurrent Stope filling Redundant level development 21 / Leonora Operations Site Visit / February 2016
Slide 22: Ore pass system to increase draw-point productivity
Leonora – targeting higher production Ore pass system to increase draw-point productivity 22 / Leonora Operations Site Visit / February 2016
Slide 23: Gwalia geotech – management, monitoring, modelling
Gwalia geotech – management, monitoring, modelling ˃ Gwalia stress/seismicity (to current depth) significantly less than other regional mines ˃ Geotechnical Performance modelled to 2,300 mbs by Mining One and verified by independent geotechnical expert ˃ FY16 LOM plan incorporates the modelling reco
Slide 24: Exploration: Gwalia Deep Drilling Program
Exploration: Gwalia Deep Drilling Program 24 / Leonora Operations Site Visit / February 2016
Slide 25: Exploration: Gwalia Deep Drilling Program
Exploration: Gwalia Deep Drilling Program Gwalia Deep Drilling Program > The full drilling program is aimed at delineating an indicated resource to support the planned shaft studies. > Refer report1 for full results of recent 6 holes that successfully intersected mine sequence. > South West Branch i
Slide 26: Exploration: Future Gwalia – Drilling Plan
Exploration: Future Gwalia – Drilling Plan 1. For full explanation and results refer to ASX release 21 January 2016 ‘Quarterly Report December 2015’ 26 / Leonora Operations Site Visit / February 2016
Slide 27: Exploration: Gwalia – Schematic Lode Plan View
Exploration: Gwalia – Schematic Lode Plan View 27 / Leonora Operations Site Visit / February 2016
Slide 28: Exploration: Gwalia West Lode – Long Section
Exploration: Gwalia West Lode – Long Section West Lode > West Lode is one of the four major lode structures1 identified within the Gwalia Mine Sequence, and is located approximately 80m to the west of South West Branch. > Drilling results2 show encouraging grade and thickness: ˃ studies underway to
Slide 29: Gwalia South West Branch – Ounce / Depth Profile
Gwalia South West Branch – Ounce / Depth Profile Current Mining Limited drilling data 29 / Leonora Operations Site Visit / February 2016
Slide 30: Gwalia West Lode – Ounce / Depth Profile
Gwalia West Lode – Ounce / Depth Profile Chart does not reflect recent drilling as it is not yet included in resource Limited drilling data 30 / Leonora Operations Site Visit / February 2016
Slide 31: Leonora Growth Projects – Gwalia ore delivery infrastructure
Leonora Growth Projects – Gwalia ore delivery infrastructure Indicative timeline Dependent on drilling and FY16 FY17 FY18 FY19 FY20 findings of studies >Resource Definition Drilling H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 - SWB Phase 3 - SWB Phase 4 - ML north of SWB - West Lode >Probable Reserves Status - Ma
Slide 32: Leonora Growth Projects – Tower Hill
Leonora Growth Projects – Tower Hill Leonora ˃ 32 / Tower Hill Gwalia 1km 32 / Leonora Operations Site Visit / February 2016
Slide 33: Leonora Growth Projects – Tower Hill
Leonora Growth Projects – Tower Hill > FY08 project drilled for open pit potential > Evaluation failed to identify open pit business case > Remodelled to identify high grade core for underground evaluation > Narrow orebody, 400 dip, cut and fill, ultramafic hanging wall > Longhole Stoping and Cut an
Slide 34: Exploration
Exploration Exploration FY16 exploration focused on near mine resources at Gwalia and Simberi Drilling at Monun Creek, Simberi PNG, 2014 Deep drill at Gwalia, Western Australia, 2015 34 / Leonora Operations Site Visit / February 2016
Slide 35: Exploration – focus on near mine targets
Exploration – focus on near mine targets Exploration > FY16F spend of A$15 million > 55% Western Australia > 45% Papua New Guinea > The FY16 exploration program will largely focus on potential near-mine ore sources at Gwalia and Simberi. > The aim for FY16 is to extend the life of each operation and
Slide 36: Exploration: Centenary
Exploration: Centenary Centenary > In Q3 FY15 St Barbara conducted electromagnetic (EM) survey work on Centenary Project approximately 60 km north of Leonora. Four sites were drilled in Q4 FY15 with follow up drilling in Q1 and Q2 FY16. > New drilling targeted an anomalous nickel geochemistry featur
Slide 37: Exploration: Pinjin, Leonora WA
Exploration: Pinjin, Leonora WA Pinjin > The Pinjin Project is located 150km northeast of Kalgoorlie, comprising a large tenement package of 1,358 km2 (Figure 3.1). > Two reconnaissance field visits were conducted during the quarter and necessary approvals obtained. > A significant aircore drilling
Slide 38: Gender Diversity - Recent Awards
Gender Diversity - Recent Awards ˃ The overall pay equity gap at St Barbara reduced from 43% in 2007 to 11.4% in 2014 (compared to 23.8% for the mining industry and 18.2% nationally1) ˃ Awarded 2014 ‘Outstanding Company Initiative’ at Chamber of Minerals and Energy of WA Women in Resources Awards ˃
Slide 39: Waterwise Business Awards
Waterwise Business Awards (Water Corporation, WA) ˃ Over the past two years, Leonora Operation has saved approximately 28 million litres of potable water p.a. with cash savings of nearly $250,000p.a. ˃ In recognition of the initiatives to efficiently use and minimise the use of valuable water resour
Slide 40: Golden Gecko Award
Golden Gecko Award ˃ St Barbara awarded a Certificate of Merit in 2015 Golden Gecko awards for Gwalia Chiller project ˃ Golden Gecko Award is a Western Australian State Government, Department of Minerals and Petroleum, award for environmental excellence ˃ Full details at http://www.dmp.wa.gov.au/gol
Slide 41: Concept – before and after mine cooling system upgrade
Concept – before and after mine cooling system upgrade Mine cooling system upgrade overview 1 Chilled water feed to BAC ˃ 41 / The existing mine air cooling system utilised refrigeration system to produce chilled water. This water would then cool 2 BAC– Chilled water used to cool mine intake air the
Slide 42: Conclusion: The new St Barbara in FY16
Conclusion: The new St Barbara in FY16 ˃ Excess cash from operations to be applied to further reduce debt in advance of schedule ˃ US debt reduced by US$119 million since 1 June 2015 ˃ Progress opportunities within portfolio ˃ Gwalia deep drilling and infrastructure pre-feasibility study ˃ Simberi s
Slide 43: Appendices
Appendices Sunrise at start of shift, Gwalia Mining office. 43 / Leonora Operations Site Visit / February 2016 Photo: S Mohammed, 2015
Slide 44: Consolidated Gold Production
Consolidated Gold Production AISC (Consolidated) (A$/oz) 1,042 979 992 863 1H FY16 Highlights 798 ˃ Record production for: FY15 AISC A$1,007/oz ˃ Company 203 koz 111 111 ˃ Gwalia 136 koz 99 98 22 92 ˃ Simberi 58 koz 30 17 12 27 9 28 ˃ Simberi production 108 koz 12 15 for CY 2015 77 72 ˃ 1H FY16 AISC
Slide 45: Consolidated Production, Costs, Guidance Summary
Consolidated Production, Costs, Guidance Summary Production Summary Q3 Mar Q4 Jun Year Q1 Sep Q2 Dec Guidance Consolidated FY15 FY15 FY15 FY16 FY16 FY163 Production Gwalia oz 76,954 57,208 248,142 72,388 63,533 245 - 260 koz (prev 230 to 250 koz) King of the Hills oz 11,836 15,014 49,677 9,112 -5 9
Slide 46: St Barbara Byrnecut – contract mining
Gwalia Operations St Barbara Byrnecut – contract mining ˃ Responsible for ˃ Byrnecut is part of Gwalia’s success ˃ Planning ˃ Started at Gwalia in Sep 2012 ˃ Processing ˃ Alliance agreement from Sep 2013 ˃ Procurement ˃ Approx. 200 employees ˃ Commercial ˃ Fleet: inc. ˃ Approx. 150 employees, ˃ 5 dr
Slide 47: Gwalia Process Chart - Crushing
Gwalia Process Chart - Crushing 47 / Leonora Operations Site Visit / February 2016 Strictly Commercial in Confidence
Slide 48: Gwalia Process Chart - Milling
Gwalia Process Chart - Milling 48 / Leonora Operations Site Visit / February 2016 Strictly Commercial in Confidence
Slide 49: Gwalia Process Chart - Elution
Gwalia Process Chart - Elution 49 / Leonora Operations Site Visit / February 2016 Strictly Commercial in Confidence
Slide 50: Leonora Growth Projects – Tower Hill
Leonora Growth Projects – Tower Hill Mafic High grade zone Mineralised envelope Granite 50 / Leonora Operations Site Visit / February 2016
Slide 51: Commissioned in 2012 and ready for 10+ years life of mine
Infrastructure is scalable to support deeper mining Commissioned in 2012 and ready for 10+ years life of mine ˃ Ventilation Fans – 2 x 1350kW – Final Duty 450 m3/sec @ 4kPa ˃ Refrigeration – Upgraded in FY15 to 7.5 MWr ˃ Paste Fill Plant – 100 m3/hr (current rate 130 m3/hr) ˃ Power Station – 4 MW (D
Slide 52: Stress Results – Comparatively benign to region
Stress Results – Comparatively benign to region Stress Test Results & Yilgarn Block Trends Principal Stress (MPa) 0 50 100 150 200 250 300 0 200 400 600 800 Depth (mbs) 1000 1200 1400 1600 1800 2000 HI AE Min Yilgarn Max Yilgarn Extrapolated Max Yilgarn Trend AMC Calc Stress= 2/3UCS Extrapoloated Mi
Slide 53: King of the Hills + Kailis divestment
King of the Hills + Kailis divestment ˃ Sale of King of the Hills mine and Kailis resource announced 20 August 20152 ˃ Consideration for the sale is $3 million, with $0.3 million payable on completion ˃ On completion of the sale the rehabilitation provision of $14 million1 relating to King of the Hi
Slide 54: Ore Reserves & Mineral Resources at June 2015
Ore Reserves & Mineral Resources at 30 June 2015 ˃ Ore Reserves & Resources reduced via production depletion and sale of Gold Ridge Ore Reserves and % of Ore Reserves 1 Mineral Resources 1 13.16 Leonora, 9.22 WA 47% Simberi, 5.16 PNG 4.02 53% FY 14 FY 15 Mineral Resources Ore Reserves 1. Refer ASX a
Slide 55: Ore Reserves Summary as at June 2015
Ore Reserves Summary as at 30 June 2015 Project Proved Probable Total Tonnes (k) Au koz Tonnes (k) Au g/t koz Tonnes (k) Au koz g/t g/t Gwalia (WA) 2,100 9.1 614 3,190 9.6 980 5,290 9.4 1,594 Tower Hill (WA) - - - 2,572 3.7 306 2,572 3.7 306 Simberi Oxide (PNG) 3,800 1.5 178 15,317 1.3 660 19,117 1.
Slide 56: Major variances to Ore Reserves FY14 to FY15
Major variances to Ore Reserves FY14 to FY15 1 koz 6,000 5,165 5,000 -673 4,003 4,000 -426 -60 -3 3,000 2,000 1,000 0 June Divestment of Gold Depletion through Design changes* King of the Hills June 2014 Ridge Operation mining and processing Closure 2015 of stockpiles * Changes include Geology, Desi
Slide 57: Mineral Resources Summary as at June 2015
Mineral Resources Summary as at 30 June 2015 Project Measured Indicated Inferred Total Tonnes Au koz Tonnes Au koz Tonnes Au koz Tonnes (k) Au koz (k) g/t (k) g/t (k) g/t g/t Gwalia (WA) 4,781 7.2 1,112 6,112 9.3 1,833 2,036 5.5 359 12,929 7.9 3,304 King of the Hills - - - 799 5.5 142 71 12.3 28 870
Slide 58: Major variances to Mineral Resources FY14 to FY15
Major variances to Mineral Resources FY14 to FY151 koz 14,000 13,161 12,000 10,000 -3,175 9,223 -426 -80 -4 -254 8,000 6,000 4,000 2,000 0 June Gold Ridge Depletion through Sterilisation of non- Revised geological Revised geological June 2014 Divestment mining and recoverable models for Leonora mode
Slide 59: Cash and debt
Cash and debt June 2014 June 2015 Dec 2015 9 Feb 2016 A$M A$M A$M A$M Cash balance 1 79 77 100 Interest bearing debt FX 0.94302 0.77132 0.73063 0.70303 ˃ US Senior Secured Notes US$ 250 196 180 170 ˃ Red Kite US$ 75 75 36 36 ˃ Total USD$ debt US$ 325 271 216 206 ˃ A$ equivalent4 A$ 330 A$ 342 A$ 299
Slide 60: Debt and hedging
Debt and hedging US Senior Secured Notes ˃ US$250 million issued March 2013, US$170 million balance at 9 Feb 2016 ˃ 6 monthly interest payments in arrears each April and October ˃ Interest payments fixed at 8.875% p.a., matures April 2018 ˃ US$80 million repurchased between June and Feb 2016 Red Kit
Slide 61: Cash and Debt FY15 and H1 FY16
Cash and Debt FY15 and H1 FY16 Debt, Cash Balance & Contribution from Operations (FY15 to present) 420 AUD Debt2,3 390 367 358 347 325 325 325 299 293 USD Debt2 271 249 216 206 108 115 Cash balance1 100 Cash b 70 77 56 80 70 69 Cash Contribution4 57 10 32 FY15 FY15 FY15 FY15 FY16 FY16 FY16 Q1 Sep Q2
Slide 62: St Barbara has strong cash generation relative to its peers
100 125 0 25 50 75 Hidden Valley Plutonic South Kalgoorlie Casposo (A$M) Cosmo Sabodala Talang Santo Sunrise Dam Stawell Chatree Andorinhas Darlot Higginsville Kathleen Valley Telfer Siana Tucano 62 / Leonora Operations Site Visit / February 2016 Pajingo Edikan Edna May Youga Australian Mines Nzema
Slide 63: Cash Movement FY15 – debt repayment in Q4
Cash Movement FY15 – debt repayment in Q4 300 275 186 - -14 -10 250 -20 -12 225 -28 Includes $67M repurchase of US Notes 200 in Q4 -71 175 A$ Million 150 125 -33 100 79 77 75 50 25 - Cash Jun Leonora Ops Simberi Ops Gold Ridge Exploration Corporate Other Net interest Other Working Cash Jun 2014 Ops
Slide 64: A$ margin increases as exchange rate decreases
A$ margin increases as exchange rate decreases $/oz A$ and US$ St Barbara AISC Margin 1,700 (using St Barbara AISC of A$1,007 for FY15, then A$921 for 1H FY16) 1,600 AUD$ Gold price/oz 1,500 1,400 1,300 A$ margin 1,200 Gold Shaded Area = A$ spot – AISC Margin expanding 1,100 1,000 900 St Barbara A$
Slide 65: US$ debt vs. US$ based revenue, acts as a natural hedge
US$ debt vs. US$ based revenue, acts as a natural hedge1 Rev vs Debt Rev vs Debt Rev vs Debt US$ A$ @ 0.70 A$ @ 0.65 A$ 620M A$ 576M US$ 403M A$ 317M A$ 294M US$ 206M US$ A$0.70 A$0.65 Revenue Debt ˃ Revenue based on FY16F guidance mid point 367 koz ˃ Assumed gold price US$1,100/oz ˃ Debt at 9 Feb 2
Slide 66: Board of Directors
Board of Directors Tim Netscher Bob Vassie Chairman– Non Executive Managing Director and CEO Appointed February 2014 Appointed July 2014 Mr Netscher was the Managing Director of Mr Vassie is a mining engineer with 30 Gindalbie Metals Limited from 2011 to 2013, years international mining industry and
Slide 67: Executive Leadership Team
Executive Leadership Team Bob Vassie Managing Director and CEO Appointed 2014 Mr Vassie is a mining engineer with 30 years international mining industry experience, including as Managing Director and CEO of Inova Resources Limited (formerly Ivanhoe Australia Limited) and 18 years with Rio Tinto in a
Slide 68: Strong institutional share register
Strong institutional share register Top 100 Shareholding Structure Australia, 41% Institutions 71% UK, 20% Private, 14% USA, 17% Unallocated/ Other / not analysed, 22% not analysed, 15% 68 / Leonora Operations Site Visit / February 2016 Analysis and geographic spread of Top 100 Shareholders as at 15
Slide 69: Significant shareholders & wide broker coverage
Significant shareholders & wide broker coverage Significant Shareholders 1 Broker Research Coverage Hunter Hall 15% Argonaut Patrick Chang M&G Investment Mgt 12% Canaccord Reg Spencer Franklin Resources Inc 6% Deutsche Bank Brett McKay Macquarie Ben Crowley Institutional Shareholders 2 71% Petra Cap
Slide 70: 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 71: 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 72: Investor Relations Enquiries
Investor Relations Enquiries Rowan Cole Company Secretary E: info@stbarbara.com.au T: +61 3 8660 1900 www.stbarbara.com.au ASX: SBM 72 / Leonora Operations Site Visit / February 2016