St. Barbara Ltd. · ASX:SBM
St. Barbara — PNG Mining & Petroleum Investment Conference 2017
38 slides from St. Barbara's conference presentation, Nov 28, 2017
Slide 1: PNG Mining & Petroleum Investment Conference
TIM RICHARDS, General Manager Simberi Operations / 28 November 2017 PNG Mining & Petroleum Investment Conference
Slide 2: 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 3: Contents
Contents Overview Simberi operations Exploration & Growth People & Community Simberi Emergency Response team 2015 Josephine Lakngnen – Truck Driver at Simberi 3 / PNG Mining & Petroleum Conference
Slide 4: St Barbara overview
St Barbara overview Simberi Leonora • Gwalia underground mine Simberi • FY17 production • Open pit mine 265 koz • FY17 production Australia • Mine plan to FY24 116 koz • Prospective Leonora • Mine plan to FY20 tenements • Potential for life extension • Nearby exploration 4 / PNG Mining & Petroleum C
Slide 5: St Barbara overview: 2017 geographic segments
St Barbara overview 2017 Geographic Segments Production 265 116 381 Koz Underlying profit 1 220 51 A$ 271 M from operations Ore Reserves 2 2.4 1.9 4.3 Moz Employees and 487 1,138 58 1,683 People Contractors 0% 100% Leonora, WA Simberi, PNG Australian offices 1. Non IFRS measure, refer Appendix 5 / P
Slide 6: Safety Record
Safety Record Total Recordable Injury Frequency Rate1 9.0 DO A JHA & REMEMBER YOUR 6.0 5.0 PPE 4.1 2.1 1.2 FY 12 FY 13 FY 14 FY 15 FY 16 FY 17 1. Total Recordable Injury Frequency Rate (12 month average) hours lost to injury per million hours worked Simberi Safety poster 6 / PNG Mining & Petroleum C
Slide 7: Simberi production and cost profile
Simberi production and cost profile 2,300 AISC (kA$/oz) 1,464 1,293 1,320 1,187 116 115 110 105 Production (koz) 80 44 Senior in-pit coach Papof Lamasi FY14 FY15 FY16 FY17 FY18F FY18F AISC is midpoint of guidance, released 26 July 2017 in Q4 June 2017 Quarterly Report. 7 / PNG Mining & Petroleum Con
Slide 8: Simberi FY14 to FY17
Simberi FY14 to FY17 Simberi Ore Milled Simberi Production 3,690 3,315 110 116 2,670 80 1,714 44 FY14 FY15 FY16 FY17 FY14 FY15 FY16 FY17 kt koz Simberi Total Material Moved Simberi AISC1 14,335 2,300 9,899 1,464 1,293 1,187 6,294 4,151 FY14 FY15 FY16 FY17 FY14 FY15 FY16 FY17 kt A$/oz 1. Non IFRS mea
Slide 9: Exploration & Growth
Exploration & Growth Simberi Island 9 / PNG Mining & Petroleum Conference
Slide 10: Tatau Island exploration
Exploration | Tabar Island group, PNG, Q1 FY18 Tatau Island • Diamond drill program completed at Mt Tiro, Nepewo, Mt Siro and Seraror (Southwest Tatau) • Newcrest Option and Farm-in Surface (soil and rock chip) sampling program ongoing • Copper-Gold and Copper-Molybdenum drill targets identified For
Slide 11: Copper-gold porphyry exploration
Exploration | Tatau Island, PNG, Q1 FY18 Copper-gold porphyry exploration Newcrest Option and Farm-in • Surface (soil and rock chip) sampling program ongoing • Talik North prospect identified as priority drill target • Subject to access, diamond drilling to commence in Q2 FY18 • Other prospects iden
Slide 12: Simberi Reserves and Resources
Simberi Reserves and Resources Reserves +92 -116 Oxide Reserves • Additional Reserves offset depletion 1,897 1,873 koz • Mine life extended one year to mid FY20 Sulphides Reserves June Mining depletion Op costs & model June • Change in reserves based on improved 2016 revision 2017 geological interpr
Slide 13: Simberi Sulphide PFS
Simberi Sulphide PFS Simberi – Pigibo pit • Sulphide Project has potential to extend • Investigating ways to improve economics mine life by eight years beyond current of the project by optimising the oxide mine life1 construction of, and recovery of gold • 1.4 Moz sulphide ore in Reserves2 from, pro
Slide 14: Simberi – Local Employment
Simberi – Local Employment Gwalia Processing plant Gwalia Gwalia –– Underground Underground mining mining Truck Truck 14 / PNG Mining & Petroleum Conference
Slide 15: Prioritising PNG employment
Prioritising PNG employment Simberi employees diversity 100% 100% 100% Simberi gender diversity Female, 54% 55% 56% Simberi and 14% Tabar Islanders Gwalia Processing plant Gwalia Gwalia –– Underground Underground mining mining Truck Truck PNG Nationals 42% 41% 41% (Other parts of Male, PNG) 86% 4% 4
Slide 16: Employee Development
Employee Development Gwalia Processing plant Clockwise from Top left: CEO Innovation Awards, Mentoring and Apprenticeship Program, Adult High School 16 / PNG Mining & Petroleum Conference Matriculation Classes at Simberi.
Slide 17: Upskilling our workforce at Simberi
Upskilling our workforce at Simberi Commitment to upskilling our workforce • A$0.5 million spent on training in 2017 Apprenticeships • 12 enrolled in nationally recognised apprenticeships. 7 completed apprenticeships and employed Traineeships • 8 students were offered Work Experience opportunities G
Slide 18: Leadership Development Framework
Leadership Development Framework Gwalia Processing plant Gwalia Gwalia –– Underground Underground mining mining Truck Truck Supervisor Superintendent Manager Senior leaders 360 degree leadership 360 degree leadership Leadership circle, 4 x 1 day workshops survey, 4 x 1 day survey, 2 day workshops, e
Slide 19: Commitment to Landowner businesses
Commitment to Landowner businesses A$8 million spent with Spending in the Community Landowner businesses in FY17 A$M 7.6 • Bakery 6.3 • Market garden 5.5 • Manage wet mess Gwalia Processing plant Gwalia Gwalia –– Underground Underground mining mining Truck Truck Expenditure via Landowner companies •
Slide 20: Community
Community 20 / PNG Mining & Petroleum Conference
Slide 21: Simberi's contribution to the community
Simberi’s contribution to the community 21 / PNG Mining & Petroleum Conference
Slide 22: Supporting the community with infrastructure + services
Supporting the community with infrastructure + services Road and water infrastructure, education, medical services • Maintaining roads bridges, water supply, school and clinics • Logistical support to school and police Gwalia Processing plant Gwalia Gwalia –– Underground Underground mining mining Tr
Slide 23: Supporting the Simberi community
Supporting the Simberi community Simberi Ring Road Maintenance • Resurfacing utilizing local landowner contractors • Re-sheeting of washouts / potholes • Culvert and bridge maintenance School Support • PGK 10,000 (A$4,300) for classroom books • Pallets of books to every school on the 3 islands • JV
Slide 24: Addressing Family & Sexual Violence in PNG
Addressing Family & Sexual Violence in PNG • Member of PNG Business Coalition for Women • Gender Smart Safety Project – delivering robust and sustainable gender-smart safety management and practices • The Warrior Culture Program – education and awareness program on domestic violence with very positi
Slide 25: Supporting Simberi's post mining future
Supporting Simberi’s post mining future Increased focus on sustainable and independent business development • Landowners business umbrella company ‘SMS’ (Simberi Mining Services) established to provide sustainable business opportunities post mining e.g. bakery, Madar Trading canteen, Gwalia Gwalia –
Slide 26: Sharing our success through Royalties
Sharing our success through Royalties Simberi Royalties 20.8 16.3 13.8 12.4 9.8 9.4 8.5 6.9 A$M 5.5 5.2 3.5 2.9 4.5 1.9 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 Cumulative SBM Royalties AG Royalties SBM cumulative AG Cumulative Project Cumulative
Slide 27: Environment
Environment Gwalia Processing plant Gwalia Gwalia –– Underground Underground mining mining Truck Truck 27 / PNG Mining & Petroleum Conference
Slide 28: Environment: significant environmental incidents at Simberi
Environment Significant environmental incidents at Simberi1 0 0 0 FY15 FY16 FY17 Minor and moderate environmental incidents2 21 22 20 FY15 FY16 FY17 1. ‘Major’ and Critical’ incidents defined by use of a risk matrix. See page 13 of 2017 Sustainability Report. 28 / PNG Mining & Petroleum Conference 2
Slide 29: Taxes and Duties
Taxes and Duties Taxes and duties paid Simberi 7 6 5 A$M FY15 FY16 FY17 29 / PNG Mining & Petroleum Conference A$/Kina conversion per corresponding Annual Reports
Slide 30: Appendices
Appendices Near shore sampling at Simberi 30 / PNG Mining & Petroleum Conference
Slide 31: 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 31 / PNG Mining & Petroleum Conference
Slide 32: 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 33: 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 34: Ore Reserves Summary as at June 2017
Ore Reserves Summary as at 30 June 2017 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) 2,308 9.8 725 6,248 7.0 1,408 8,556 7.8 2,133 Tower Hill, (WA) - - - 2,572 3.7 306 2,572 3.7 306 Sim
Slide 35: Mineral Resources Summary as at June 2017
Mineral Resources Summary as at 30 June 2017 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) 5,045 7.8 1,265 14,877 6.4 3,042 3,831 6.3 7
Slide 36: 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 37: 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 38: Investor Relations Enquiries
Investor Relations Enquiries Rowan Cole Alistair Reid Company Secretary Manager Investor Relations T: +61 3 8660 1900 E: [email protected] St Barbara Board and executive June 2016 at Simberi. L to R: Garth Campbell-Cowan (CFO), David Moroney (Non-Executive Director), Bob Vassie (MD&CEO), Tim Ric
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