31 slides from St. Barbara's corporate update, Jul 13, 2017
Slide 1: Presentation to analysts and investors at Leonora Operations
ASX Release / 13 July 2017 For personal use only Presentation to analysts and investors at Leonora Operations Attached is a presentation to analysts and investors attending a site visit today at Leonora Operations, Western Australia. Investor Relations Mr Rowan Cole Company Secretary +61 3 8660 1900
Slide 2: Gwalia site visit presentation
Kous Kirsten, General Manager Leonora Operations / 13 July 2017 For personal use only Gwalia site visit presentation
Slide 3: Disclaimer
Disclaimer For personal use only 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, s
Slide 4: Contents
Contents For personal use only Overview of St Barbara ˃ Operations ˃ Safety Gwalia Mine, Leonora, WA ˃ History ˃ Production ˃ Innovation ˃ Growth Exploration Byrnecut Atlas Copco underground mining trucks at Gwalia November 2016 – Appendices MT65 in foreground, MT6020s in background. 3 / Gwalia Site
Slide 5: Overview of operations
Overview of operations ASX 200 Company (SBM), founded 1969 Consolidated production For personal use only > Shares on issue 497.3 M ˃ FY16 387 koz @ AISC4 A$933/oz > Market Cap1 A$1,398 M ˃ FY17 381 koz > Ore Reserves June 2016 4.0 Moz2 ˃ FY17F AISC A$960/oz3 > Mineral Resources June 2016 9.1 Moz2 Si
Slide 6: Start safe, stay safe
Start safe, stay safe For personal use only Total Recordable Injury Frequency Rate2 Safety performance 9.0 > Record low TRIFR1 of 1.5 continued to 31 March 2017 6.0 > Gwalia Emergency Response Team overall winners for the 5.0 second year running in 4.1 CMEWA Underground Mine Emergency Response 2.1 C
Slide 7: Gwalia | not out!
Gwalia | 120 not out! For personal use only > From surface outcrop (first mined 1896) to current workings is approx. 3.5 km ‘straight line’ along shear > Herbert Hoover was the initial Gwalia mine manager (1897-1898), later a US President (1929-1933), noted angle of deposit – took mining underground
Slide 8: Gwalia production profile
Gwalia production profile Mined Grade For personal use only (g/t Au) 10.7 9.3 8.8 8.9 8.2 8.4 6.9 5.7 6.3 Reserve Grade3 FY17 production 8.3 g/t Au June 2016 Production 267 265 > Production 265 koz (koz) 248 > Mined grade 10.7 g/t Au 214 AISC1 185 183 FY17 cost guidance2 (A$/oz) 940 841 > Cost guida
Slide 9: Recent productivity improvements
Recent productivity improvements For personal use only Gwalia A rich history with a bright future Ore passes Allows bogger to work constantly, independent of ore trucks, removes ore from fired stopes more rapidly, allowing paste-filling and adjacent stopes to be fired earlier Continuous Remote Tele-
Slide 10: Gwalia Mining Strategy
Gwalia Mining Strategy Dual Lift Stoping in SWB Mining method For personal use only 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 5 ˃ Greater percentage of free bogging increases 4 productivity of e
Slide 11: Stope Cycles targeting higher production
Stope Cycles targeting higher production Stope Cycle Time – 6 months per stope For personal use only ˃ ‘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 develo
Slide 12: Gwalia Production Profile – 'Centre out' method
Gwalia Production Profile – ‘Centre out’ method Objective: Maximise production, constrained by: 1) Waiting for adjacent/above stope’s paste fill For personal use only to dry Plunge, centre 2) Geotech considerations – not too many of lode open stopes too close together = ‘Centre out’ method Historica
Slide 13: Upgrade to Gwalia Resources & Reserves
For personal use only Upgrade to Gwalia Resources & Reserves Gwalia A rich history with a bright future Gwalia Mineral Resource June 2015 Gwalia Mineral Resource June 2016 Measured 200m depth Indicated Inferred extension of Resource model +938 +193 +297 -346 -277 3,896 1,594 1,808 3,304 koz koz Gwal
Slide 14: Gwalia Extension Project
Gwalia Extension Project Gwalia Gwalia Extension Project capex approved1 For personal use only A rich history Detailed with and budget a bright futureplan confirm that the project will generate a execution robust financial return and extend mining at Gwalia to at least 2,000 mbs2 Provides founda
Slide 15: Exploration | Gwalia Summary
Exploration | Gwalia Summary Gwalia Seismic Reflection Program For personal use only Gwalia Ahistory A rich with a bright full evaluation future to the Gwalia Shear Zone will be of extensions undertaken during Q4 June 2017 The survey will aim to identify extensions to the lode system and other p
Slide 16: Exploration | Gwalia Deep Drilling Program
Exploration | Gwalia Deep Drilling Program For personal use only Gwalia A rich history with a bright future Gwalia - March 2016 For full explanation and results refer to ASX release 20 April 2017 ‘Quarterly Report March 2017’ 15 / Gwalia Site Visit Presentation / July 2017
Slide 17: Exploration | Gwalia Deep Drilling Program
Exploration | Gwalia Deep Drilling Program For personal use only Gwalia A rich history with a bright future Gwalia - March 2016 For full explanation and results refer to ASX release 20 April 2017 ‘Quarterly Report March 2017’ 16 / Gwalia Site Visit Presentation / July 2017
Slide 18: Gwalia Deeps Exploration | Northern Extension
Gwalia Deeps Exploration | Northern Extension For personal use only Gwalia A rich history with a bright future Gwalia - March 2016 Reproduced from ASX release 19 Oct 2016 ‘Quarterly Report September 2016’ 17 / Gwalia Site Visit Presentation / July 2017
Slide 19: Greater Gwalia province exploration campaign in FY17
Greater Gwalia | province exploration campaign in FY17 For personal use only Gwalia A rich history with a bright future ˃ Explore reflecting sound waves off mineral formations ˃ Used successfully by other regional gold miners ˃ 2D Gwalia program via down-hole sensors complete. Gwalia - March 2016 ˃
Slide 20: Gwalia – Q4 Planned seismic survey
Gwalia – Q4 Planned seismic survey For personal use only Gwalia A rich history with a bright future Q4 June 2017 Gwalia seismic survey 15km2 Receiving phones and vibe truck, April 2017 Gwalia - March 2016 19 / Gwalia Site Visit Presentation / July 2017 For full explanation and results refer to ASX r
Slide 21: Appendices
For personal use only Appendices 20 / Gwalia Site Visit Presentation / July 2017
Slide 22: Gwalia Operations
Gwalia Operations St Barbara Byrnecut – contract mining For personal use only ˃ 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.
Slide 23: Exploration | Investment in exploration juniors
Exploration | Investment in exploration juniors For personal use only Gwalia Strategy Targeted investment in early to advanced stage gold A rich history with a bright through exploration future earn in arrangements, joint ventures or direct equity investments Catalyst Metals Limited A$1.5 million
Slide 24: Exploration | Summary of greenfields projects
Exploration | Summary of greenfields projects Pinjin, WA For personal use only Gwalia A rich history with a bright future> Final results from 3,239 metre RC drill program received > A 305 hole Aircore drill program completed > A 965 line km Airborne Electromagnetic (AEM) survey will be conducted in
Slide 25: Ore Reserves Summary as at June 2016
Ore Reserves Summary as at 30 June 2016 For personal use only Proved Probable Total Project Tonnes Au koz Tonnes Au koz Tonnes Au koz (k) g/t (k) g/t (k) g/t Gwalia (WA) 2,286 9.6 702 4,510 7.6 1,105 6,795 8.3 1,808 Tower Hill (WA) - - - 2,572 3.7 306 2,572 3.7 306 Simberi Oxide (PNG) 4,687 1.3 194
Slide 26: Mineral Resources Summary as at June 2016
Mineral Resources Summary as at 30 June 2016 For personal use only Measured Indicated Inferred Total Project Tonnes Au koz Tonnes Au koz Tonnes Au koz Tonnes Au koz (k) g/t (k) g/t (k) g/t (k) g/t Gwalia (WA) 4,951 7.7 1,232 11,773 6.8 2,584 570 4.4 80 17,294 7.0 3,896 Tower Hill (WA) - - - 4,604 3.
Slide 27: Board of Directors
Board of Directors For personal use only Gwalia Tim Netscher Bob Vassie Chairman– Non Executive Managing Director and CEO A rich history with a Director Appointed bright future February 2014 Appointed July 2014 Appointed Chairman July 2015 Mr Vassie is a mining engineer with over 30 Mr Netscher is a
Slide 28: Executive Leadership Team
Executive Leadership Team Bob Vassie For personal use only Gwalia Managing Director and CEO A rich history with a bright future Appointed 2014 Mr Vassie is a mining engineer with over 30 years international mining industry experience, including as Managing Director and CEO of Inova Resources Limited
Slide 29: Competent Persons Statement
Competent Persons Statement For personal use only 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 Musta
Slide 30: Non-IFRS Measures
Non-IFRS Measures For personal use only 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 ass
Slide 31: Investor Relations Enquiries
Investor Relations Enquiries For personal use only Alistair Reid Manager Investor Relations T: +61 3 8660 1900 E: info@stbarbara.com.au 30 / Gwalia Site Visit Presentation / July 2017