St. Barbara Ltd. · ASX:SBM
St. Barbara — Q1 FY2022 Earnings Presentation
28 slides from St. Barbara's earnings presentation, Oct 25, 2021
Slide 1: Presentation on Q1 September FY22 Quarterly Report and audio webcast
25 October 2021 Presentation on Q1 September FY22 Quarterly Report and audio webcast Mr Craig Jetson, Managing Director & CEO, will brief analysts and institutional investors on the Q1 September FY22 Quarterly Report at 11:00 am Australian Eastern Daylight Time (UTC + 11 hours) on Monday 25 October
Slide 2: Q1 September FY22 Quarterly Presentation
Q1 September FY22 Quarterly Presentation Craig Jetson Managing Director and CEO 25 October 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 FREQUENCY RATE (TRIFR)1 5.0 3.9 Safety 3.6 3.0 Always 2.1 Zero harm is always our target. Zero harm to all people as we responsibly operate our assets to their full potential. This focus FY18 FY19 FY20 FY21 Q1 on safety guides FY22 everything we do. 1. Total R
Slide 6: Key achievements Q1 FY22
5 Key achievements Q1 FY22 1. Group gold production of 67,000 ounces, with Leonora up 15% on Q4 June FY21 2. All-in Sustaining Costs1 of A$1,492/oz, down 8% q-on-q 3. Leonora Province drilling at Trevor Bore returned significant near- surface results, with aspiration of a new open pit commencing in
Slide 7: Consolidated Q1 FY22 Results
6 Consolidated Q1 FY22 Results AISC (A$/oz) Q1 FY22 AISC 1,711 1,649 1,623 1,517 1,492 • Consolidated A$1,492/oz (Q4: A$1,623/oz) • Atlantic A$1,504/oz (Q4: A$1,011/oz) • Leonora A$1,488/oz (Q4: A$1,663/oz) GOLD PRODUCTION • Simberi - (Q4: A$2,964/oz) (koz) 90 Q1 FY22 Production 82 83 73 67 27 21 27
Slide 8: Leonora Q1 FY22 Results
7 Leonora Q1 FY22 Results AISC (A$/oz) Q1 FY22 production 2,592 1,573 1,555 1,663 1,488 • 51,757 oz (Q4: 45,157 oz) • AISC A$1,488/oz (Q4: A$1,663 /oz) MINED GRADE (g/t Au) • Mined grade of 8.6 g/t Au (Q4: 6.5 g/t Au) 8.1 8.3 8.6 8.0 6.5 Production for quarter was up 15% compared to the prior quarte
Slide 9: Atlantic Q1 FY22 Results
8 Atlantic Q1 FY22 Results AISC Q1 FY22 production (A$/oz) 1,504 1,008 999 1,128 1,011 • 15,243 oz (Q4: 26,718 oz) • AISC A$1,504/oz (C$1,392/oz) MILLED GRADE (Q4: A$ 1,011/ oz (C$956/ oz) (g/t Au) 1.29 1.24 Production for the quarter was lower-than-expected due to 1.11 0.96 ore sourced primarily fr
Slide 10: Simberi Q1 FY22 Results
9 Simberi Q1 FY22 Results AISC (A$/oz) 2,964 Q1 FY22 production 2,426 2,070 1,678 Mining continued during the quarter focusing on waste stripping and placing ore on stockpiles. The processing plant MILLED GRADE remained shut down as work continued to replace the deep- (g/t Au) sea tailings placement
Slide 11: DSTP update at Simberi
10 DSTP update at Simberi • Engineering and design works are nearing completion and all procurement has been completed, with critical deliveries due over the month of October • The DSTP installation contractor has mobilised to site and are proceeding with enabling works • Pipeline fabrication will c
Slide 12: Building Brilliance at St Barbara and future brownfield growth
11 Building Brilliance at St Barbara and future brownfield growth Delivered A$23 M of savings in Q1 FY22 Uplift 2: Execute brownfield 18 months – 3 years Uplift 1: Deliver Building expansion projects Brilliance in operations and Deliver Simberi Sulphide and 0 – 18 months extend mine life Atlantic ex
Slide 13: Building Brilliance – Improved operational performance
12 Building Brilliance – Improved operational performance Key Performance Indicator FY20 FY22 Q1 Mill throughput (tph) 331 349 Atlantic Mill availability (%) 90.9 95.7 We are validating the success of our Building Brilliance Recovery (%) 92.0 92.2 initiatives by monitoring KPIs that drive Cost per t
Slide 14: Aspiration – New open pit at Trevor Bore by 2024
13 Aspiration – New open pit at Trevor Bore by 2024
Slide 15: Simberi Island – Additional Oxide mineralisation discovered
14 Simberi Island – Additional Oxide mineralisation discovered • Additional mineralisation intersected at Trotsky and Andora within ML136 • Trotsky: ‒ 52 m at 1.5 g/t Au from 35 m (Ox/Tr/Su)1; ‒ 32 m at 2.0 g/t Au from 58 m (Ox/Tr/Su) • Andora: ‒ 32 m at 5.5 g/t Au from 28 m (Ox/Tr); and ‒ 40 m at 1
Slide 16: Solid Q1 Performance
15 Solid Q1 Performance • Aspiration for a new open pit at Trevor Bore by 2024 – high grade near surface results at Trevor Bore, with potential for a satellite open pit to provide ore to Gwalia mill • Q1 production impacted by Atlantic, however Leonora production performance improved, with total mat
Slide 17: Supplementary slides
Supplementary slides
Slide 18: Consolidated production, costs and guidance summary
17 Consolidated production, costs and guidance summary Production Summary Q1 Sep Q2 Dec Q3 Mar Q4 Jun Year Q1 Sep Guidance Consolidated FY21 FY21 FY21 FY21 FY21 FY22 FY22 St Barbara’s financial year is Qtr to Qtr to Qtr to Qtr to Year to Qtr to Year to 1 July to 30 June 30 Sep 2020 31 Dec 2020 31 Ma
Slide 19: Hedging summary as at 25 October 2021
18 Hedging summary as at 25 October 2021 Financial Volume Price Type Delivery Delivery Year Ounces $/oz schedule Nov 21 to Dec 22 54,010 C$2,050 European call options Nov 2021 to Dec 2022 Monthly Nov 21 to Jun 22 80,000 A$2,465 Forwards Nov 2021 to Jun 2022 Monthly
Slide 20: Atlantic Projects
19 Atlantic Projects Indicative timeline for development FY22 FY23 FY24 FY25 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Touquoy Production Processing stockpiles Permitting EIS Provincial Approval permits1 Beaver Construction & ramp-up Dam First ore Production Permitting EIS Provincial Fifteen Appr
Slide 21: Leonora Province
20 Leonora Province Indicative timeline for development FY22 FY23 FY24 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Linden Gold / Other Ore purchase / toll milling Gwalia Intermediates Development & production Feasibility & mine planning Gwalia Shallows1 Development & production Feasibility & mine planning Jasp
Slide 22: Simberi Sulphide Project
21 Simberi Sulphide Project Indicative timeline for development FY22 FY23 FY24 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Oxide and transitional production Mining lease variation approval1 Issue mining lease Environmental permit approval Ministerial sign-off Financial investment decision Construction approval
Slide 23: Project pipeline
22 Project pipeline KEY Canada Papua New Guinea Regional Nova Scotia Australia Equity Investments Moose River Corridor Simberi Island (oxides) Back Creek Leonora Province Cochrane Hill Kin Mining1 Pinjin Gwalia Shallows Fifteen Mile Stream Touquoy Mine (19%) Peel Mining Lake Wells JV2 Harbour Lights
Slide 24: Ore Reserves summary at 30 June 2021
23 Ore Reserves summary at 30 June 2021 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) 1,631 7.0 368 11,677 4.9 1,853 13,308 5.2 2,221 Tower Hill, (WA) - - - 2,572 3.7 306 2,572 3.7 306 S
Slide 25: Mineral Resources summary at 30 June 2021
24 Mineral Resources summary at 30 June 2021 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 Deeps, (WA) 3,843 5.9 730 19,120 5.8 3,543 2,485 6
Slide 26: Competent persons statement
25 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 27: 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 27 October 2021 Annual General Meeting (Hybrid – Perth) 25 January 2022 Q2 December 2021 Quarterly Report
Slide 28: St Barbara
StBarbara