St. Barbara Ltd. · ASX:SBM
St. Barbara — Shareholder Meeting (November 2004)
15 slides from St. Barbara's shareholder meeting presentation, Nov 29, 2004
Slide 1: St Barbara's Capital
Eduard Eshuys 29 November 2004 St Barbara’s Capital * Listed shares 715 million * Unlisted options 85 million * Current market capitalisation at 7cps $50 million
Slide 2: Major Shareholders and Restructure & Divestment of NuStar
Major Shareholders at19 November 2004 # f Resource Capital Fund II LP 21.86% Ocean Resources Capital Holdings 10.13% ¢ Strata Mining Corporation Ltd 6.45% * RAB Europe Fund Ltd 6.29% ¢ St James’ Place Recovery Trust 5.65% Restructure & Divestment of NuStar « Sold 100m shares at 4cps for $4m * Sale o
Slide 3: Assets After Divestment of NuStar
Assets After Divestment of NuStar Cash of $5m and zero debt 42m NuStar shares - value $2.8m 100m NuStar shares — value $5m 240m NuStar shares available for swap Assets After Divestment of NuStar cons 4,2 Resources updated to 1.5mozs Meekatharra joint ventures expenditure * $6.5m over next 12 months
Slide 4: Meekatharra Resources
Meekatharra Resources {indicated & inferred) MT Audg/t Oz Au Paddys Flat 8.0 3.2 811,000 Other SBM 100% 1.0 2.8 89,000 Joint Ventures 8.5 2.2 597 ,000 (SBM reducing) Total 17.5 2.7 1,497,000 i. ie Paddy Pac {1908 SBME : cL a ‘Poles aca) * - & Readiye Jv (ra FEE} chosttined asc > ea psc = is °25 ken
Slide 5: Exploration by the Company
Exploration by the Company Paddys Flat * Drilling underway for: « high grade underground at Prohibition and Vivians-Consols * open pit potential at southern end * Budgeted exploration expenditure $3.5m to June 2005 Reedy’s * Re-evaluation in progress Summary of Drilling Results Ae Batavia Hole BTV65
Slide 6: Prohibition, Paddys Flat
PROHISITION 300.0907 @ ¢3gitAu 0 a.} " PADDYS FLAT a” (Meekatharra} sso
Slide 7: Vivian-Consols
A Vivian-Consols (Felsic Porphyry in Ultramafics) Fenian 300m south Historical production 1.5m tonnes @ 16.8 g/t for 624,0000zs Prohibition Pit Resource Estimate 2mt @ 4.0 git : 260,000 ounces: Prohibition - Blockmodel > 0 g/t Composite Cross Section Section Facing North
Slide 8: Prohibition Gold Mineralisation
ee le ae Ree i ferris ie Me Hf yy) bil : ne Dips Ey ee: ai, He West Wall Fault Macher ee AGilow rohibition Gold _ Mineralisation
Slide 9: Paddys Flat Schematic Cross Section
PROHIBITION VIVIANS-CONSOLS MICKEY DOOLAN MINERALISED MINERALISED MINERALISED LINE LINE _4LINE $00m Paddys Flat Schematic Cross Section ‘Ore position SAL Fautt “SY Seat [E23 oolerite ayke (Prowrozoic} ‘(ODE termediate voloanics BB Feisic porphyry aroonste » fuchsite aitered zone Uliramatics, variabi
Slide 10: Meekatharra Tenements
St Barbara Mines Limited MEEKATHARRA TENEMENTS ft Meekatharra Paddy's Flat
Slide 11: Exploration by JV Partners; Exploration & Acquisitions Strategy
Exploration by JV Partners * Aurogenic — $8m to earn 70% * geophysics at Tuckanarra * drilling at a number of historical targets ° Elara — $8.5m to earn 65% Exploration & Acquisitions Strategy The focus will be Australia High prospectivity for gold, nickel and copper 80% of prospective geology under
Slide 12: Where in Australia?
Where in Australia? * Western Australia « Eastern Goldfields « Murchison Goldfields (Meekatharra) « Telfer District * Queensland « Mt Isa - Cloncurry Palaeoproterozoic Archean Telfer District Goldfields Eastern Goldfields Geology of Australia 1000 kras
Slide 13: Strategic Exploration Plan to Discovery
Strategic Exploration Plan to Discovery AL * Initial Phase $0.5m Data compilation / target selection * Discovery Phase $1-2m Drilling of targets Followed by the * Evaluation Phase Resource drilling of discovery * Valuation Phase Feasibility studies Opportunities After Drill Out / AL Feasibility Stud
Slide 14: Acquisitions and Summary
Acquisitions To be based on exploration potential for the discovery of major deposits Summary « Restructuring of capital & refinancing almost complete « Drilling commenced in October to test for extension to Vivian-Consols and Prohibition with positive results * Initial objective is to outline reser
Slide 15: Thank you
,, thank you