St. Barbara Ltd. · ASX:SBM
St. Barbara — 15th PNG Mining and Petroleum Investment Conference 2018
37 slides from St. Barbara's conference presentation, Dec 3, 2018
Slide 1: Presentation to 15th PNG Mining and Petroleum Investment Conference
ASX Release / 3 December 2018 Presentation to 15th PNG Mining and Petroleum Investment Conference Tim Richards, General Manager Simberi Operations, will present to the 15th Papua New Guinea Mining and Petroleum Investment Conference in Sydney, on Wednesday 5 December 2018. Investor Relations Mr Davi
Slide 2: PNG Mining & Petroleum Investment Conference
TIM RICHARDS, General Manager Simberi Operations / 3-5 December 2018 PNG Mining & Petroleum Investment Conference
Slide 3: 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 4: Contents
Contents Overview Simberi operations Exploration & Growth People & Community Far left and right: Simberi Processing Plant; Middle: Simberi laboratory 3 / PNG Mining & Petroleum Conference
Slide 5: St Barbara at a Glance
St Barbara at a Glance Simberi Leonora Simberi • Gwalia underground mine • Open pit mine • FY18 production • FY18 production 268 koz 135 koz • Mine plan to FY31 • Mine plan to FY21 • Prospective tenements Australia • Potential for life extension Leonora • Nearby exploration 4 / PNG Mining & Petroleu
Slide 6: St Barbara at a Glance: 2018 Geographic Segments
St Barbara at a Glance 2018 Geographic Segments Production 268 135 403 Koz Underlying profit 1 219 78 from operations A$ 297 M 2 Ore Reserves 2.2 1.7 3.9 Moz Employees and 565 1,245 61 1,871 People Contractors 0% 100% Leonora, WA Simberi, PNG Australian offices 1. Non IFRS measure, refer Appendix 5
Slide 7: Simberi – Safety Record
Simberi – Safety Record Total Recordable Injury Frequency Rate1 3.4 2.5 1.9 1.3 1.2 0.8 FY 13 FY 14 FY15 FY16 FY17 FY18 • TRIFR corresponds to 3 low range injuries in last 12 mths Thomas Garret (Paramedic and ERT Co-ordinator), visiting Maragon Village clinic, Simberi Island PNG • Corresponding LTIF
Slide 8: Simberi Production and Cost Profile
Simberi Production and Cost Profile 2,300 AISC1 (A$/oz) 1,464 1,293 1,187 1,068 Production (koz) 116 135 110 80 44 FY14 FY15 FY16 FY17 FY18 1. AISC is a non IFRS measure, refer corresponding slide in Appendix. 7 / PNG Mining & Petroleum Conference
Slide 9: Exploration & Growth
Exploration & Growth Update photo Boats for Exploration logistics, Tatau Island PNG – June 2018, Mt Banesa, site of Cu-Au drilling in FY19 in background. 8 / PNG Mining & Petroleum Conference
Slide 10: Exploration – Tabar Island Group, PNG, Q1 FY19
Exploration – Tabar Island Group, PNG, Q1 FY19 Simberi Island • Sulphide drilling beneath Sorowar pit • Testing for copper-gold porphyry deposits at depth below Pigiput pit Tatau and Big Tabar Islands • Completed drilling copper-gold porphyry targets on Tatau at Talik North and Kupo prospects as par
Slide 11: Simberi Sulphide – Potential Long Life Mine Extension
Simberi Sulphide – Potential Long Life Mine Extension Modelled ultimate pit shells1 with associated sulphide reserves 1.4 Moz Sulphide Reserve @ 3.5 g/t Au, 3.1 Moz Sulphide Resource @ 1.8 g/t Au 2 • Focused exploration for sulphide ore underway to improve project economics • Sorowar not drilled at
Slide 12: Sorowar Pit
Exploration – Simberi Island, PNG, Q1 September FY19 Sorowar Pit Best intersections include (all results downhole): 125SORDGC003: 33 m at 5.67 g/t Au from 55 m 165SORDGC013: 9 m at 6.42 g/t Au from 91 m 165SORDGC014: 7 m at 5.45 g/t Au from 157 m, EOH For full explanation and results refer to ASX re
Slide 13: Exploration – Simberi Island, PNG, Q1 September FY19
Exploration – Simberi Island, PNG, Q1 September FY19 For full explanation and results refer to ASX release 17 October 2018 ‘Quarterly Report Q1 September FY19’ 12 / PNG Mining & Petroleum Conference
Slide 14: Simberi – Local Employment
Simberi – Local Employment Gwalia Processing plant Left: Steven Rangrnag. Centre Top: John Abraham Rupa. Centre Bottom Left: Eric Casper Dako, Right: Gerard Gulung. Right: Cathy Andrew. All Simberi, PNG 2018 13 / PNG Mining & Petroleum Conference
Slide 15: Local Employment and Minimisation of Expat Labour
Local Employment and Minimisation of Expat Labour Simberi employees diversity 100% 100% 100% Simberi gender diversity Females, Simberi and 14% 55% 56% 56% Tabar Islanders Gwalia Processing plant Gwalia Gwalia –– Underground Underground mining mining Truck Truck 41% 41% PNG Nationals 42% (Other parts
Slide 16: Upskilling our Workforce at Simberi
Upskilling our Workforce at Simberi Commitment to upskilling our workforce Apprenticeships A$0.7 million spent on training in 2018 • 19 employees enrolled in apprenticeships. Traineeships • 3 employees appointed as qualified tradespeople • 13 students were offered Gwalia Work Processing Experience p
Slide 17: A$7 million spent with Landowner businesses in FY18
Commitment to Landowner Businesses at Simberi A$7 million spent with Landowner Spending in the Community businesses in FY18 A$M 7.6 7.2 Mine services: • Bakery, market garden, wet mess 6.3 Expenditure via managementGwalia Processing plant Landowner Gwalia Gwalia –– Underground Underground mining com
Slide 18: Community
Community Top Left & Top Right: Front of shop and admin staff at the Simberi Mine Services shop, within the mine administration area. Bottom Left: local women's group at Simberi, PNG, during mine tour. Bottom Right: Simberi Mine Services shop. 17 / PNG Mining & Petroleum Conference
Slide 19: Simberi’s Contribution to the Community
Simberi’s Contribution to the Community Clockwise from main photo above: Fred Hollows Foundation visit, October 2018, Simberi Ring Road, construction of new culverts, Clinic team with patient 18 / PNG Mining & Petroleum Conference
Slide 20: Supporting the Community with Infrastructure and Services
Supporting the Community with Infrastructure and Services Road and water infrastructure, education, medical services • Maintaining roads, bridges, water supply, school and health clinics Gwalia Processing plant Gwalia Gwalia –– Underground Underground mining mining Truck Truck • Ongoing efforts to e
Slide 21: Supporting the Simberi Community
Supporting the Simberi Community Medical Support • Provision of housing for government clinic • Free issue of medication to all island residents through company clinic • Vaccination campaigns and childhood immunisation programs School Support Gwalia Processing plant Gwalia Gwalia –– Underground Unde
Slide 22: Supporting Simberi’s Post-Mining Future
Supporting Simberi’s Post-Mining Future Sustainable business development • Simberi Mine Services (SMS) established as landowners company for sustainable business opportunities post mining • Training in business acumen & accounting • In 2018 fisheries business advisor engaged and Gwalia – Underground
Slide 23: Case study: Simberi Mine Services Cocoa Plantations
Case study: Simberi Mine Services (SMS) Cocoa Plantations Co-operative Cocoa plantation project Company provided: • Initial 5,000 seedlings, nursey for ongoing seedling production • Initial plantation within the mining lease, labour Gwalia – Underground mining Truck provided by SMS with company assi
Slide 24: Addressing Domestic Violence and Gender Safety
Addressing Domestic Violence and Gender Safety Domestic and Family Violence Gender safety • In 2018 St Barbara developed a Domestic and • In 2015 Simberi mine participated with 3 Family Violence Policy and implemented other employers in research on PNG measures to support affected employees undertak
Slide 25: Sharing our Success through Royalties
Sharing our Success through Royalties Simberi Royalties 25.7 20.8 18.7 16.3 13.8 12.4 9.8 9.4 8.5 A$M 6.9 5.2 5.5 3.5 2.9 1.9 4.5 4.9 1.6 3.9 0.8 2.6 1.6 1.7 1.7 1.6 1.4 FY08 0.8 1.1 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 Cumulative SBM Royalties AG Royalties SBM Cumulative AG Cumulative
Slide 26: Taxes and Duties
Taxes and Duties Income tax, other taxes, royalties and duties1 paid A$M Papua New Guinea (other1) 12 12 10 FY16 FY17 FY18 1. Other taxes includes salary taxes paid by Group on behalf of employees. Excludes corporate royalties. PNG in net tax loss position, no income tax paid FY16-FY18. Top: Maragon
Slide 27: Appendices
Appendices 26 / PNG Mining & Petroleum Conference
Slide 28: St Barbara’s Values
St Barbara’s Values We act with honesty and integrity We treat people with respect We value working together We deliver to promise We strive to do better 27 / PNG Mining & Petroleum Conference
Slide 29: The St Barbara ‘Code of Conduct’
The St Barbara ‘Code of Conduct’ St Barbara’s code of conduct: the framework of policies that puts our values into practice Code of Conduct Our People Community & Business Integrity Safeguarding Environment St Barbara • Diversity Policy • Donations, • Anti-Bribery and • Continuous • Equal Employment
Slide 30: St Barbara’s Anti-Bribery and Anti-Corruption Program
St Barbara’s Anti-Bribery and Anti-Corruption Program St Barbara has developed a comprehensive framework of Anti-Bribery and Anti-Corruption measures to prevent and detect bribery and corruption, comprising an integrated set of policies, training, audits, procedures and registers. - Gifts, Entertain
Slide 31: Exploration – Simberi Island, PNG, Q1 September FY19
Exploration – Simberi Island, PNG, Q1 September FY19 For full explanation and results refer to ASX release 17 October 2018 ‘Quarterly Report Q1 September FY19’ 30 / PNG Mining & Petroleum Conference
Slide 32: Exploration – Simberi Island, PNG, Q1 September FY19
Exploration – Simberi Island, PNG, Q1 September FY19 For full explanation and results refer to ASX release 17 October 2018 ‘Quarterly Report Q1 September FY19’ 31 / PNG Mining & Petroleum Conference
Slide 33: Ore Reserves Summary as at June 2018
Ore Reserves Summary as at 30 June 2018 Proved Probable Total Project Tonnes Gold Ounces Tonnes Gold Ounces Tonnes Gold Ounces ('000) (g/t) ('000) ('000) (g/t) ('000) ('000) (g/t) ('000) Gwalia, (WA) 1,845 9.0 531 6,061 7.0 1,368 7,907 7.5 1,899 Tower Hill, (WA) - - - 2,572 3.7 306 2,572 3.7 306 Sim
Slide 34: Mineral Resources Summary as at June 2018
Mineral Resources Summary as at 30 June 2018 Measured Indicated Inferred Total Project Tonnes Gold Ounces Tonnes Gold Ounces Tonnes Gold Ounces Tonnes Gold Ounces ('000) (g/t) ('000) ('000) (g/t) ('000) ('000) (g/t) ('000) ('000) (g/t) ('000) Gwalia, (WA) 4,581 7.1 1,048 14,690 6.3 2,997 3,831 6.3 7
Slide 35: 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 36: 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 37: Investor Relations Enquiries
Investor Relations Enquiries Rowan Cole David Cotterell Company Secretary Manager Investor Relations T: +61 3 8660 1900 E: info@stbarbara.com.au St Barbara Board and Executive Team at Simberi, June 2016. L to R: Garth Campbell-Cowan (CFO), David Moroney (Non-Executive Director), 36 / PNG Mining & Pe
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