Presentation on Q3 March FY18 Quarterly Report and audio webcast

Transcription

1 ASX Release / 19 April 2018 Presentation on Q3 March Quarterly Report and audio webcast Bob Vassie, Managing Director & CEO, will brief analysts and institutional investors on the Q3 March Quarterly Report at 12:00 noon Australian Eastern Standard Time (UTC + 10 hours) on Thursday 19 April Participation on the conference call is by personal invitation only. A live audio webcast of the briefing will be available on St Barbara s website at or by clicking here. The audio webcast is listen only and does not enable questions. The audio webcast will subsequently be made available on the website. Investor Relations Mr Rowan Cole Company Secretary Media Relations Mr Tim Duncan Hinton & Associates St Barbara Limited Level 10, 432 St Kilda Road, Melbourne VIC 3004 T F ACN Locked Bag 9, Collins Street East, Melbourne VIC 8003 W

2 BOB VASSIE, MANAGING DIRECTOR & CEO / 19 April 2018 ASX:SBM Q3 March Quarterly Presentation

3 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 Company and neither this presentationnor anything contained in it shall form the basis of any contract or commitment. This presentation may contain forward-looking statements that are subject to risk factors associated with exploring for, developing, mining, processing and sale of gold. Forward-looking statements include those containing such words as anticipate, estimates, forecasts, should, will, expects, plans or similar expressions. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company, and which could cause actual results or trends to differ materially from those expressed in this presentation. Actual results may vary from the information in this presentation. The Company does not make, and this presentation should not be relied upon as, any representation or warranty as to the accuracy, or reasonableness, of such statements or assumptions. Investors are cautioned not to place undue reliance on such statements. This presentation has been prepared by the Company based on information available to it, including information from third parties, and has not been independently verified. No representation or warranty, express or implied, is made as to the fairness, accuracy or completenessof the information or opinions contained in this presentation. The Company estimates its reserves and resources in accordance with the Australasian Code for Reporting of Identified Mineral Resources and Ore Reserves 2012 Edition ( JORC Code ), which governs such disclosures by companies listed on the Australian Securities Exchange. Financial figures are in Australian dollars unless otherwise noted. Financial year is 1 July to 30 June. Q1 Sep = quarter to 30 Sep 2017 Q3 Mar = quarter to 31 Mar 2018 Q2 Dec = quarter to 31 Dec 2017 Q4 Jun = quarter to 30 June 2018 Title slide picture: paste fill plant operations at night, Gwalia Mine WA, February Picture by Andrew Mort 2 / Q3 March Quarterly Presentation

4 Contents Highlights Safety Operations Projects 3 / Q3 March Quarterly Presentation Exploration Growth Conclusion Appendices Photo: Tugboat offshore from Simberi dock, October 2017, photo by George Danga Jnr.

5 Highlights Q3 March 86 koz gold produced at AISC 1 A$982/oz production guidance increased at Simberi 2, maintained at Gwalia Gwalia lower Q3 production was anticipated, while forward production activities and Extension Project prioritised Gwalia Life of Mine Plan extended to FY 2031 with Mass Extraction Project Strong balance sheet with $262M cash at bank and no debt 3 Well positioned for organic and inorganic growth 4 / Q3 March Quarterly Presentation Simberi PNG, Sorowar pit, April Non IFRS measure, refer corresponding slide in Appendix 2. Announced in Q3 March production update released 6 April Financial information unaudited. Cash balance includes $1.2M restricted cash (Q2: $1.2M).

6 Focus on safety Total Recordable Injury Frequency Rate FY 13 FY 14 FY15 FY16 FY17 Q1 Q2 Q3 Increase in TRIFR to 2.6 to 31 Mar 2018 due to one low-severity recordable injury Program to avoid recurrence implemented Corresponding LTIFR of 0.7 to 31 Mar 2018 compares with gold mining industry average of ERT Training 2017, photo by Jonathan Mountford 5 / Q3 March Quarterly Presentation 1. Total Recordable Injury Frequency Rate (12 month avg). TRIFR includes Pacific Operations from Sept Industry Lost Time Injury Frequency Rate (LTIFR) data per the Department of Mines and Petroleum report titled Safety Performance in the Western Australian Mineral Industry for FY

7 Consolidated Q3 quarter AISC (A$/oz) FY17 average A$907/oz 876 Production (koz) Consolidated production of 86 koz (Q2 : 100 koz) Gwalia 57 koz (Q2: 63 koz) Simberi 29 koz (Q2: 37 koz) Consolidated AISC 1 of A$982/oz (Q2: A$910/oz) Gwalia A$905/oz (Q2: A$859/oz) Simberi A$1,129/oz (Q2: $994/oz) Consolidated guidance FY17 Q3 Mar FY17 Q4 Jun Gwalia Q1 Sep Q2 Dec Simberi Q3 Mar Production 375 to 392 koz 2 (was 365 to 385 koz) AISC A$920 to A$970 /oz (was A$940 to A$990/oz) Figures displayed to nearest koz. Reported ounces in Quarterly Report. 6 / Q3 March Quarterly Presentation 1. Non IFRS measure, refer corresponding slide in Appendix 2. Announced in Q3 March production update released 6 April 2018

8 Gwalia Q3 results + guidance AISC (A$/oz) FY17 average A$785/oz Mined grade (g/t Au) FY17 average 10.7 g/t Au Production (koz) Reserve grade 7.8 g/t Au Q3 Mar production 56,773 oz (Q2 : 62,835 oz) AISC 1 A$905/oz (Q2: A$859/oz) Mined grade of 15.0 g/t Au from higher grade sections of South West Branch guidance - maintained Production of 250 to 260 koz AISC of A$840 to A$880/oz Sustaining capex: A$35 to A$40 M Growth capex A$45 to $50 M (was A$50 to $55 M) FY17 Q3 Mar FY17 Q4 Jun Q1 Sep Q2 Dec Q3 Mar Reported ounces in Quarterly Report. 7 / Q3 March Quarterly Presentation 1. Non IFRS measure, refer corresponding slide in Appendix 2. Refer Ore Reserves and Mineral Resources Statements 30 June 2017 released 23 August 2017

9 Simberi Q3 results + guidance AISC (A$/oz) 1,277 1,025 Production (koz) 30.4 FY 17 Q3 Mar FY17 average A$1,187/oz 32.1 FY 17 Q4 Jun 1, FY 18 Q1 Sep 1, FY 18 Q2 Dec 1, FY 18 Q3 Mar Q3 Mar production 29,112 oz (Q2: 36,674 oz) AISC 1 A$1,129/oz (Q2: 994/oz) Illegal stoppage interrupted production for 7 days in March guidance Production increased to 125 to 132 koz (was 115 to 125 koz) 2 AISC reduced to A$1,070 to A$1,130/oz (was A$1,130 to A$1,230/oz ) Capex of A$4 to A$5 million (was A$5 to A$7 million) 8 / Q3 March Quarterly Presentation 1. Non IFRS measure, refer corresponding slide in Appendix. 2. Announced in Q3 March production update released 6 April 2018

10 Increasing cash balance A$M Q1 movement net of: Q2 movement net of: $31 M tax $12 M investments 216 Q3 movement net of: $16 M dividends $4 M investments $25 M dividends FY17 Q4 Jun Q1 Sep Q2 Dec Q3 Mar Cash balance Column1 Net cash movement 9 / Q3 March Quarterly Presentation For details refer to cash movements table in ASX release 19 April 2018 Quarterly Report Q3 March

11 Cash generation and usage A$M Operational cash contribution Net cash movement for qtr (inc. WC -10) Corp. costs & royalties, explr. & working cap. Strategic investments Leonora - growth capital Income tax payments Dividends paid -80 Q1 Sep Q2 Dec Q3 Mar Operational cash contribution 10 / Q3 March Quarterly Presentation Operational cash contribution is a Non IFRS measure, refer corresponding slide in Appendix. For details refer to cash movements table in ASX release 19 April 2018 Quarterly Report Q3 March

12 Gwalia Extension Project update Project includes new ventilation shafts and underground crushing of waste, mixed with paste to fill emptied stopes Budget of A$100 million with planned completion between Q1 Sep FY20 and Q3 March FY20 1 F capex of A$45 to A$50 million (previously A$50 to A$55 million) A$7M capex spent in Q3 Mar Raise bore activities progressing to schedule with second surface shaft pilot hole drilling underway Plan now anticipates some concurrent raiseboring of vent shafts to allow early completion PAF completion due October 2018 Above: Isometric view of proposed PAF crushing circuit, notionally at 1420 mbs. 11 / Q3 March Quarterly Presentation 1. Details contained in ASX announcement 27 March 2017 Gwalia Extension Project approved.

13 Gwalia Mass Extraction - PFS 12 / Q3 March Quarterly Presentation For details refer to ASX release 19 April 2018 Quarterly Report Q3 March

14 Gwalia Mass Extraction PFS Flow sheet 13 / Q3 March Quarterly Presentation For details refer to ASX release 19 April 2018 Quarterly Report Q3 March

15 Exploration Gwalia Deeps, 2600 mbs target 14 / Q3 March Quarterly Presentation For full explanation and results refer to ASX release 19 April 2018 Quarterly Report Q3 March

16 Exploration Summary of greenfields projects Back Creek, NSW Surface gravity and passive seismic survey completed in Q1 Sep. Aircore drill program to follow up in Q4 June. Pinjin, WA Full results received for 163 hole Aircore drill program completed in Q2 Dec. Drilling highlights anomalous gold in bedrock associated with three trends: Graham s Find, Yindi Station and Mulgabbie. Further drilling planned in Q4 June to continue testing these and other targets. Tabar Islands, PNG Simberi Island deep diamond hole to test porphyry potential at Pigiput ongoing, initial hole abandoned, second due to be completed by June. Ongoing Newcrest Farm-in activities, including completion of third deep diamond drill hole at Talik North prospect on Tatau Island. Results of 2 of 3 holes received showing mostly low grade Cu and Au amidst distinctive porphyry type signatures Kupo copper - molybdenum - gold target drilling to commence in Q4 subject to access 15 / Q3 March Quarterly Presentation For full explanation and results refer to ASX release 19 April 2018 Quarterly Report Q3 March

17 Growth Pipeline Exploration Feasibility Construction Production Australia Back Creek ABM Resources Catalyst Metals 16% 10% Pinjin Duketon Mining Peel Mining 12%. Greater Gwalia 16%. Gwalia GMX Tower Hill Gwalia Extension Gwalia Mine Inorganic growth Evaluating exploration, project, development and operating assets in a range of sizes in Australia and overseas Overseas Tabar Is Group Au Tabar Is Group Cu-Au, OFA with NCM 1 Simberi Sulphide Simberi Mine Projects owned 100%. St Barbara interest as noted. New in Q3 16 / Q3 March Quarterly Presentation 1. Option and Farm-in Agreement with Newcrest announced 14 November 2016

18 Key Project Timeline FY19 FY20 Q3 Mar Q4 Jun Q1 Sep Q2 Dec & beyond Gwalia Extension Project construction (completion due Q1 Sep FY20 to Q3 Mar FY20) Gwalia Mass Extraction feasibility study Investment decision Dec mbs hole drilling analysis & results 3D Targets interpretation drilling Simberi sulphide PFS drilling Simberi JV ongoing drilling and interpretation program (Nov 2016 to 2024) 17 / Q3 March Quarterly Presentation Refer Q3 March Quarterly Report for details Initial 2 year option period to Nov 2018

19 Strategy for the next 5 years stronger for longer Diversify production base Seeking a portfolio of robust operations Sustainable long life operations Aiming for above average mine life at bottom-third AISC Quality growth pipeline Actively add, manage and progress assets in all phases of the pipeline Talented people who deliver Support & work with our people to continue to achieve extraordinary results Trusted to operate Our various stakeholders trust us everywhere we choose to operate 18 / Q3 March Quarterly Presentation

20 Conclusion Q3 March Continuing strong cash build in planned lower production quarter Cash contribution from operations of $79M in the quarter (Q2 : $79M) 1 $262M cash at bank 2, no debt Profitable growth options underway: Gwalia exploration, projects and studies (GEP, GMX) Simberi sulphide and PNG and Cu-Au exploration Continuing investment in promising explorers Positioned to grow Bogger outdoors at Gwalia, February 2018, photo by Ashleigh Smyth 19 / Q3 March Quarterly Presentation 1. Non IFRS measure, refer Appendix. 2. Cash balance includes $1.2M restricted cash (Q2: $1.2M).

21 Appendices Summer Storms by Finlay Wilkinson, Leonora, Jan / Q3 March Quarterly Presentation Gwalia, development face mapping October 2017 photo by Ashleigh Smyth

22 Consolidated Production, Costs, Guidance Summary Production Summary Consolidated St Barbara s financial year is 1 July to 30 June Year FY17 Year to 30 June 2017 Q1 Sep Qtr to 30 Sep 2017 Q2 Dec Qtr to 31 Dec 2017 Q3 Mar Qtr to 31 Mar 2018 Q3 YTD 9 mths to 31 Mar 2018 Guidance 1 Year to 30 June 2018 Production Gwalia oz 265,057 64,283 62,835 56, , to 260 koz Simberi oz 116,044 33,976 36,674 29,112 99, to 132 koz (prev. 115 to 125) Consolidated oz 381,101 98,259 99,509 85, , to 392 koz (prev. 365 to 385) Mined Grade Reserve grade 2 Gwalia g/t Simberi g/t Total Cash Operating Costs 3 Gwalia A$/oz n/a Simberi A$/oz 1, , n/a Consolidated A$/oz n/a All-In Sustaining Cost 3 Gwalia A$/oz to 880 Simberi A$/oz 1,187 1, ,129 1,045 1,070 to 1,130 (prev. 1,130 to 1,230) Consolidated A$/oz to 970 (prev. 940 to 990) 1. guidance announced in Q4 June 2017 report (released 26 July 2017) and revised on 9 January 2018, 6 April 2018 and in the Q3 March Quarterly Report. 2. Ore Reserve grade at 30 June 2017, refer Ore Reserve and Mineral Resources Statement (released 23 August 2017). 3. Non-IFRS measure, refer Appendix 21 / Q3 March Quarterly Presentation

23 Gwalia 5-year outlook Mined Grade (g/t Au) Reserve Grade to 2140 mbs 7.8 g/t Au June AISC (A$/oz) without hydraulic hoisting LoM to FY 2031 FY 09 FY 10 FY 11 FY 12 FY 13 FY 14 FY 15 FY 16 FY 17 FY 18F FY19 FY20 FY21 FY22 Outlook Gwalia Mass Extraction (GMX) PFS completed for a major production rate increase, potentially within 5- year outlook. 22 / Q3 March Quarterly Presentation GMX investment decision targeted for Dec Without hydraulic hoisting, production levels expected to remain robust at around current levels. For full details refer to ASX Announcement Gwalia mine medium and long-term outlook released on 21 February F AISC is midpoint of guidance, released 23 January 2018 in Q2 December Quarterly Report. AISC is a non IFRS measure, refer corresponding slide in Appendix. Reserve grade per Ore Reserves and Mineral Resources Statement 30 June 2017.

24 Gwalia Mass Extraction PFS narrow lodes mining method 23 / Q3 March Quarterly Presentation

25 Simberi Sulphide potential long life mine extension 1.4 Moz Sulphide 3.5 g/t Au, 3.2 Moz Sulphide 1.8 g/t Au Simberi Sulphide PFS Capex Production Output Concentrate payable All-In Sustaining Cost US$100 million 130,000 ounces over 8 years (1 Moz Sulphides. 80 koz oxide in total) Gold 35+ g/t Au from sulphide ores, Gold doré from oxide ores 90% US$930 to US$990 per ounce Focused exploration for sulphide ore underway to improve project economics Study to improve project capex via potential lower cost processing models ongoing 24 / Q3 March Quarterly Presentation For full explanation refer to ASX release Simberi Strategic Review Concluded 14 November 2016 Ore Reserves and Mineral Resources Statements 30 June 2017 release 23 August 2017

26 Gwalia Deeps lode schematic 25 / Q3 March Quarterly Presentation Reproduced from ASX release 25 September 2017 Denver Gold Forum 2017

27 Exploration Guidance updated - A$14 to A$18 million A$6 - A$8 million Gwalia (previously A$8 A$10 million) Gwalia Deep Drilling infill + Intermediates Gwalia Seismic A$4 - A$5 million Pinjin WA Aircore drilling of targets identified in FY17 A$4 - A$5 million PNG Simberi Oxides/Sulphides Tatau Oxides/Sulphides Option and farm in with Newcrest Copper-gold porphyry program continuing 26 / Q3 March Quarterly Presentation For full explanation and results refer to ASX release 19 April 2018 Quarterly Report Q3 March

28 Exploration Gwalia Seismic Gwalia Seismic Exploration 3 target areas identified between 600 and 1,900 mbs north and south of Gwalia Drilling planned for two holes in Q4 June (GWDD20 and GWDD21) 27 / Q3 March Quarterly Presentation For full explanation and results refer to ASX release 19 April 2018 Quarterly Report March 2017

29 Exploration Pinjin, Q3 March results 28 / Q3 March Quarterly Presentation For full explanation and results refer to ASX release 19 April 2018 Quarterly Report Q3 March

30 Exploration Tabar Island group, PNG, Q3 March Tabar Islands Simberi Pigiput 750m drill hole to assess conceptual Cu-Au porphyry target ongoing Newcrest Option and Farm-in three drills holes targeting Cu-Au porphyry at Talik North, for 2,481 metres in total completed. 29 / Q3 March Quarterly Presentation For full explanation and results refer to ASX release 19 April 2018 Quarterly Report Q3 March

31 Exploration Horsepaddock Well Leonora province Q3 March geophysical surveys at Horsepaddock Well completed Previous exploration to 2006 highlighted potential for a granite-intrusive type of deposit under ultramafics Recent improvements in the depth penetration of IP and SAM (Induced Polarisation and Sub-Audio Magnetic) make these potentially effective techniques for targeting disseminated sulphides 100m 200m deep, typical of deposits in the Province Results being studied with follow-up work programs expected in Q4 June 30 / Q3 March Quarterly Presentation For full explanation and results refer to ASX release 19 April 2018 Quarterly Report Q3 March

32 Hedging Summary at 19 April 2018 Financial Year Volume ounces Price A$/oz Delivery (all monthly instalments) Announced FY 18 13,500 $1,725 April to June April ,500 $1,730 April to June June 2017 FY ,000 $1,750 July 2018 to June February 2018 FY 20 50,000 $1,750 July to December February / Q3 March Quarterly Presentation For details refer to ASX release 19 April 2018 Quarterly Report Q3 March

33 Ore Reserves Summary as at 30 June 2017 Proved Probable Total Project Tonnes ('000) Gold (g/t) Ounces ('000) Tonnes ('000) Gold (g/t) Ounces ('000) Tonnes ('000) Gold (g/t) Ounces ('000) Gwalia, (WA) 2, , ,408 8, ,133 Tower Hill, (WA) , , Simberi Oxide, (PNG) 3, , , Simberi Sulphide, (PNG) , ,307 12, ,402 Total All Projects 5, , ,340 34, ,312 Notes 1. Ore Reserves are based on a gold price of: Gwalia (AU$1,350/oz), Tower Hill (AU$1,250/oz), Simberi (US$1,200/oz) 2. Cut-off Grades Gwalia (4.0g/t Au), Tower Hill (2.8g/t Au), Simberi Oxide (0.5g/t Au), Simberi Sulphide (1.1g/t Au) 3. Mineral Resources are reported inclusive of Ore Reserves. 4. Data is rounded to thousands of tonnes and thousands of ounces. Discrepancies in totals may occur due to rounding. 5. Details relating to each of the estimates are contained in the 2017 Annual Mineral Resource and Ore Reserve Report at Full details are contained in the ASX release dated 23 August 2017 Ore Reserves and Mineral Resources Statements 30 June 2017 available at 32 / Q3 March Quarterly Presentation

34 Mineral Resources Summary as at 30 June 2017 Measured Indicated Inferred Total Project Tonnes ('000) Gold (g/t) Ounces ('000) Tonnes ('000) Gold (g/t) Ounces ('000) Tonnes ('000) Gold (g/t) Ounces ('000) Tonnes ('000) Gold (g/t) Ounces ('000) Gwalia, (WA) 5, ,265 14, ,042 3, , ,087 Tower Hill, (WA) , , Simberi Oxide, (PNG) 4, , , , Simberi Sulphide, (PNG) , ,471 12, , ,179 Total All Projects 9, ,474 72, ,514 21, , , ,635 Notes 1. Mineral Resources are reported inclusive of Ore Reserves 2. Cut-off Grades Gwalia (2.5g/t Au), Tower Hill (2.5g/t Au), Simberi Oxide (0.4g/t Au), Simberi Sulphide (0.6g/t Au) 3. Simberi Mineral Resources are reported constrained by a US$1,800/oz pit shell 4. Data is rounded to thousands of tonnes and thousands of ounces. Discrepancies in totals may occur due to rounding. 5. Details relating to each of the estimates are contained in the 2017 Annual Mineral Resource and Ore Reserve Report at Full details are contained in the ASX release dated 23 August 2017 Ore Reserves and Mineral Resources Statements 30 June 2017 available at 33 / Q3 March Quarterly Presentation

35 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 employee of St Barbara and has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Dr Mustard consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. The information in this presentation that relates to Exploration Results for Gwalia and the Leonora region is based on information compiled by Mr Robert Love, who is a Fellow of The Australasian Institute of Mining and Metallurgy. Mr Love is a full-time employee of St Barbara and has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Love consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. Mineral Resource and Ore Reserve Estimates The information in this presentation that relates to Mineral Resources or Ore Reserves is extracted from the report titled Ore Reserves and Mineral Resources Statements 30 June 2017 released to the Australian Securities Exchange (ASX) on 23 August 2017 and available to view at and for which Competent Persons consents were obtained. Each Competent Person s consent remain in place for subsequent releases by the Company of the same information in the same form and context, until the consent is withdrawn or replaced by a subsequent report and accompanying consent. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original ASX announcement released on 23 August 2017 and, in the case of estimates of Mineral Resources or Ore Reserves, that all material assumptions and technical parameters underpinning the estimates in the original ASX announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original ASX announcement. Full details are contained in the ASX release dated 23 August Ore Reserves and Mineral Resources Statements 30 June 2017 available at 34 / Q3 March Quarterly Presentation

36 Non-IFRS Measures and recent announcements 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, investors and analysts in understanding our financial results and assessing our prospects for future performance. Cash operating costs Calculated according to common mining industry practice using The Gold Institute (USA) Production Cost Standard (1999 revision). Refer most recent quarterly report available at for example All-In Sustaining Cost All-In Sustaining Cost is based on Cash Operating Costs, and adds items relevant to sustaining production. It includes some, but not all, of the components identified in World Gold Council s Guidance Note on Non-GAAP Metrics - All-In Sustaining Costs and All-In Costs (June 2013). Refer most recent quarterlyreport available at for example Cash contribution Refer cash movements table in Finance section of corresponding Quarterly Report. It is the sum of operating cash flow from individual operations, net of sustaining capital expenditure. Refer most recent quarterly report available at for example Recent ASX Announcements 4 April 2018 Investment in Duketon Mining 15 March 2018 Investment in ABM Resources 21 February 2018 Gwalia mine medium and long-term outlook 35 / Q3 March Quarterly Presentation

37 Investor Relations Enquiries Rowan Cole Company Secretary T: E: info@stbarbara.com.au 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 Richards (GM Simberi), Kerry Gleeson (Non-Executive Director), Wayne Schiller (Simberi Ops Manager) and Tim Netscher (Non-Executive Chairman) 36 / Q3 March Quarterly Presentation Gwalia Board visit November 2017, Underground, L to R: Ashleigh Smyth - Graduate Geologist, Kerry Gleeson Director, Tim Netscher Chairman, David Moroney Director, Bob Vassie - MD&CEO, Andrew Walker - Underground Manager