26 slides from St. Barbara's earnings presentation, Jan 25, 2022
Slide 1: Presentation on Q2 December FY22 Quarterly Report and audio webcast
25 January 2022 Presentation on Q2 December FY22 Quarterly Report and audio webcast Mr Craig Jetson, Managing Director & CEO, will brief analysts and investors on the Q2 December FY22 Quarterly Report at 11:00am Australian Eastern Daylight Time (UTC + 11 hours) on Tuesday 25 January 2022. Analysts a
Slide 2: Q2 December FY22 Quarterly Presentation
Q2 December FY22 Quarterly Presentation Craig Jetson Managing Director and CEO 25 January 2022
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 2.7 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 Q2 on safety guides FY22 FY22 everything we do
Slide 6: Key achievements Q2 FY22
5 Key achievements Q2 FY22 • Group gold production steady at 65,523 oz • All-in Sustaining Costs1 of A$1,587/oz • Realised gold price A$2,423 with margin of A$836 per oz • Leonora Province Plan progress • 600koz increase to Tower Hill Mineral Resources • Planning processing plant expansion • Planned
Slide 7: Leonora Q2 FY22 Results
6 Leonora Q2 FY22 Results AISC Sustained strong production (A$/oz) 1,573 1,555 1,663 1,488 1,653 • Mill throughput up 14% • Milled grade impacted by fall of ground MINED GRADE (g/t Au) • New jumbo development drills to deliver accelerated 8.3 8.0 8.6 development in H2 6.5 6.8 • Lower gold production
Slide 8: Accelerating Leonora Province Plan
7 Accelerating Leonora Province Plan 1. Tower Hill – 600koz increase in mineral resources 2. Expanding processing plant from 1.4 to 2.1mtpa 3. Installing refractory processing capability 4. Planned acquisition of Bardoc Gold • Two mines ready to be developed • Supported by rail and road infrastructu
Slide 9: Tower Hill grows Mineral Resource by 600koz
Tower Hill grows Mineral Resource by 600koz Plan view of Tower Hill deposit Long section view of Tower Hill deposit Change in Indicated and Inferred Mineral Resource Million Tonnes Grade Million Ounces (g/t) Previous Tower Hill Underground (as at 30 June 2021) 5.1 3.8 0.6 Current Tower Hill Open Pit
Slide 10: Creating a unique processing hub
Creating a unique processing hub Increasing processing capacity to 2.1Mtpa and adding refractory capacity N Free Milling Refractory ROM Pad ROM Pad Additional 3-stage CIL Tank Crushing New Ball Tails (~95% Tailings Mill Refractory Flotation mass flow) Ball Milling Storage 2.1 Mtpa Facility Albion Fr
Slide 11: Planned acquisition of Bardoc Gold
Planned acquisition of Bardoc Gold1 Railway from Bardoc tenements to Leonora About Bardoc Gold Bardoc tenement overview • 3.1Moz Mineral Resources & 1 1.0Moz Ore Reserves Aphrodite 25.5Mt @ 2.0g/t for 1.7Moz • Large contiguous tenement package of Grafters 40 tenements covering an area of 319kt @ 1.3
Slide 12: Two new underground mines ready to be developed
11 Two new underground mines ready to be developed Zoroastrian underground mine Aphrodite underground mine Total Mineral Resources1 1.6Mt @ 4.0 g/t Au 6.7Mt @ 3.6 g/t Au Capital cost to develop2 Estimated A$15M Estimated A$30M Ore type Free-mill Refractory Mining method Longhole open stoping Longhol
Slide 13: Potential new shallower mining front
12 Potential new shallower mining front
Slide 14: Aspiration - New open pit Trevor Bore by 2024
13 Aspiration - New open pit Trevor Bore by 2024
Slide 15: Simberi Q2 FY22 Results
14 Simberi Q2 FY22 Results AISC Production recommenced in January (A$/oz) 2,426 2,964 • DSTP replacement completed 2,070 • 130kt oxide ore stockpile built • Multiple process plant upgrades completed MILLED GRADE (g/t Au) • New mine plan 1.3 1.3 ‒ Targeting high grade near term 1.12 Oxide reserve gra
Slide 16: Sulphide Project progresses
15 Sulphide Project progresses Q2 Dec Q3 Mar Q2 Dec FY22 FY22 FY24 • Social and Environmental Impact • Front End, Engineering and • First sulphide ore expected Statement review has been Design work expected to be completed by the Conservation completed and submitted to Board and Environmental Protec
Slide 17: Atlantic Q2 FY22 Results
16 Atlantic Q2 FY22 Results AISC New block model and mine plan developed (A$/oz) 1,128 1,504 1,396 • Block model underperformance corrected with new mine 999 1,011 plan • Two significant rainfall events impacting mining MILLED GRADE (g/t Au) • Delay in obtaining routine waste rock permitting has 1.2
Slide 18: Atlantic growth projects
17 Atlantic growth projects Beaver Dam Project Fifteen Mile Stream Project • Board endorsed feasibility study in • Target completion of feasibility study in Q1 December 2021 September FY23 • Information Request Round 2 submission • Environmental sampling and modelling is made to Impact Assessment Ag
Slide 19: Delivering St Barbara's transformation
18 Delivering St Barbara’s transformation Planned Bardoc acquisition announced Discovered new mining front - Old Gwalia South Plans to expand Leonora processing plant Advancing Tower Hill, Harbour Lights and Trevor Bore Simberi back in production
Slide 20: Supplementary slides
Supplementary slides
Slide 21: Consolidated production, costs and guidance summary
20 Consolidated production, costs and guidance summary Production Summary Q2 Dec Q3 Mar Q4 Jun Year Q1 Sep Q2 Dec Guidance Consolidated FY21 FY21 FY21 FY21 FY22 FY22 FY22 St Barbara’s financial year is Qtr to Qtr to Qtr to Year to Qtr to Qtr to Year to 1 July to 30 June 31 Dec 2020 31 Mar 2021 30 Ju
Slide 22: Hedging summary as at 31 December 2021
21 Hedging summary as at 31 December 2021 Financial Volume Price Type Delivery Delivery Year Ounces $/oz schedule Jan 22 to Dec 22 48,010 C$2,050 European call options Jan 2022 to Dec 2022 Monthly Jan 22 to Jun 22 60,000 A$2,465 Forwards Jan 2022 to Jun 2022 Monthly
Slide 23: FY22 Guidance
22 FY22 Guidance Operation Production AISC Capex (koz) (A$/oz) ($AM) Sustaining Growth Atlantic Operations 55 – 65 1,650 – 1,8501 10 – 15 20 – 30 Leonora Operations 180 – 200 1,605 – 1,720 65 – 75 10 – 15 Simberi Operations 60 – 70 1,600 – 1,8502 5 – 10 35 – 45 Consolidated 305 – 335 1,650 – 1,815 8
Slide 24: Competent persons statement
23 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 25: 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 23 February 2022 FY22 Half Year Financial Report
Slide 26: St Barbara
StBarbara