20 slides from St. Barbara's corporate update, Aug 5, 2011
Slide 1: Investor Presentation at Southern Cross Operations
St Barbara Limited ACN 009 165 066 Level 14, 90 Collins Street, Melbourne VIC 3000 Locked Bag 9, Collins Street East, Melbourne VIC 8003 Tel +61 3 8660 1900 Fax +61 3 8660 1999 For personal use only www.stbarbara.com.au Investor Presentation at Southern Cross Operations Attached is a presentation to
Slide 2: Southern Cross Operations Investor Site Tour
For personal use only Southern Cross Operations Investor Site Tour Friday, 5 August 2011 0
Slide 3: Disclaimer
Disclaimer For personal use only This presentation has been prepared by St Barbara Limited (St Barbara) and is for information purposes only. Nothing in this presentation should be construed as either an offer to sell or a solicitation or an offer to buy or sell St Barbara securities. This presentat
Slide 4: Southern Cross is a richly endowed gold district
Southern Cross is a richly endowed gold district For personal use only • The Company’s Marvel Loch plant is potentially a regional processing centre • St Barbara holds much of the p prospective p land positions in the region • The district remains prospective for discoveries at depth Southern Cross
Slide 5: Southern Cross safety performance has been excellent
Southern Cross safety performance has been excellent – well below industryy averages g For personal use only Southern Cross TRIFR Moving Average (12mma) 14 12 10 8 6 4 2 0 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun TRIFR 12mma (Total Recordable Injury Frequency Rate) Southern Cross Site Tour Au
Slide 6: Positive cash generation is the strategic underpinning for the operation
Positive cash generation is the strategic underpinning for the operation For personal use only • FY11 Performance in line with upgraded guidance – Production and costs in line with guidance – Gold production 120koz – Cash costs $890/oz / – Capex $29 million – Cash flow generating • FY12 Guidance – G
Slide 7: Well developed closure plan
Well developed closure plan For personal use only • 14 Month operational life for Marvel Loch Underground mine followed by transition to care and maintenance mine, – Production and output maintained for FY12 – Scale down development p and support pp in 2HFY12 – Mine to Care & Maint in FY13; consider
Slide 8: Production extended into early FY13
Production extended into early FY13 For personal use only Ore Processed (t) () Milled Grade (g/t (g Au)) 1,400,000 4.0 1,200,000 3.5 3.0 1,000,000 2.5 800,000 20 2.0 600,000 1.5 400,000 1.0 200,000 0.5 0 0.0 2011 2012F 2013F 2011 2012F 2013F Southern Cross Site Tour August 2011 6
Slide 9: Costs contained with lower production, but increase as milled grade comes down
Costs contained with lower production, but increase as milled ggrade comes down For personal use only Gold Production (oz) Cash Cost (A$/oz) 140,000 $1,400 120,000 $1,200 100,000 $1,000 80,000 $800 60,000 $600 40,000 $400 20,000 $200 0 $0 2011 2012F 2013F 2011 2012F 2013F Southern Cross Site Tour Au
Slide 10: Generates reasonable cash in FY12
Generates reasonable cash in FY12 For personal use only Capital p Expenditure p ($M) ($ ) • Additional capital spent in $35M FY11 to extend mine life $30M • Real cash margin g is greater g as $25M cash operating costs include $20M amortisation of Operating $15M Development already $10M expended $5M
Slide 11: Mine strategy
For personal use only Mine t t Mi strategy 9
Slide 12: Mining strategy is based on efficiently mining defined ore from multiple sources
Mining strategy is based on efficiently mining defined ore from multiple sources For personal use only N O’Brien Western Lodes N LLode New d 350 RL Firelight Northern Lodes - FY 11 Budget Exhibition b o 250 RL - FY 12 Budget - As mined during FY11 Southern Cross Site Tour August 2011 10
Slide 13: Resource definition continues on Western Lodes, and could represent potential upside
Resource definition continues on Western Lodes, and could represent potential upside For personal use only Plan View – 380mRL West – East Section Western Lodes 380 DD O’Brien 380 DD Western Lodes O’Brien 15koz (3.2g/t) Probable Reserve $26/oz drilling cost 11
Slide 14: Mitigating FY12 grade risk
Mitigating FY12 grade risk For personal use only • Current diamond drilling may result in an upgrade in the J l R July Resource model d l –Small incremental changes only • Planned diamond drilling may improve grade or identify new areas • Potential low grade satellite stockpiles could be mined • MLU
Slide 15: Northern Lodes resource opportunities
Northern Lodes resource opportunities For personal use only One upside O id opportunity is the potential to mine 25,000 – 30,000t for 6,000 – 8,000 oz of gold in an identified area of 2,784m – Western Lodes Northern Lodes 1 035m – Firelight 1,035m Southern Cross Site Tour August 2011 13
Slide 16: The FY12 regional drilling program is targeting potential discoveries in the region
The FY12 regional drilling program is targeting potential discoveries in the region For personal use only • Drilling in FY12 includes 1,500m to complete the current first Phase drilling programs on Copperhead Frasers Main and 2,200m on Frasers Main Lode (2200m) • Additional drilling (800m) allows fo
Slide 17: Copperhead drilling is targeting mineralisation in the Western Series
Copperhead drilling is targeting mineralisation in the Western Series and for potential depth extensions to the Northern and Southern Lodes For personal use only Southern Cross Site Tour August 2011 15
Slide 18: Frasers drilling is also testing for depth extensions and new zones
Frasers drilling is also testing for depth extensions and new zones of mineralisation For personal use only Southern Cross Site Tour August 2011 16
Slide 19: Competent Persons Statement
Competent Persons Statement For personal use only Significant gold intersections and geological interpretations contained in this report have been compiled by Mr. Phillip Uttley. Mr. Uttley is a Fellow of The Australasian Institute of Mining and Metallurgy and is a full time employee of the company.
Slide 20: Investor Relations Enquiries
For personal use only Investor Relations Enquires to: Ross Kennedy Executive General Manager Corporate Services E: ross.kennedy@stbarbara.com.au ….thank you Rowan Cole General Manager Corporate Services E: rowan.cole@stbarbara.com.au T: +61 3 8660 1900 www.stbarbara.com.au 18