Presentation to NASDAQ International Designation Virtual Investor - PDF document

Shareholder Information / 19 September 2018 Presentation to NASDAQ International Designation Virtual Investor Conference Bob Vassie, MD & CEO, will present to the NASDAQ International Designation Virtual Investor Conference at 10:00 am New York time (UTC – 4) on Wednesday 19 September 2018. A webcast of the presentation will subsequently be made available on St Barbara’s website at stbarbara.com.au/investors/webcast/ or by clicking here. Investor Relations Mr David Cotterell Manager Investor Relations +61 3 8660 1959 ASX: SBM Media Relations Mr Tim Duncan Hinton & Associates +61 3 9600 1979 ADR: STBMY St Barbara Limited Level 10, 432 St Kilda Road, Melbourne VIC 3004 T +61 3 8660 1900 F +61 3 8660 1999 ACN 009 165 066 Locked Bag 9, Collins Street East, Melbourne VIC 8003 W www.stbarbara.com.au

BOB VASSIE, MANAGING DIRECTOR & CEO 19 September 2018 Nasdaq International Virtual Investor Conference Ticker ASX: SBM ADR STBMY (5 ORD = 1 ADR)

Forward Statements This presentation has been prepared by St Barbara Limited (“the Company”). The material contained in The Company estimates its Ore Reserves and Mineral Resources in accordance with The Australasian this presentation is for information purposes only. This presentation is not an offer or invitation for Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves 2012 Edition ("JORC subscription or purchase of, or a recommendation in relation to, securities in the Company and neither Code"), which governs such disclosures by companies listed on the Australian Securities Exchange. The this presentation nor anything contained in it shall form the basis of any contract or commitment. This JORC Code differs in several significant respects from Industry Guide 7 of the US Securities and Exchange presentation is not a financial product or investment advice. It does not take into account the Commission (“SEC”), which governs disclosures of mineral reserves in registration statements and investment objectives, financial situation or particular needs of any investor. Before making an reports filed with the SEC. In particular, Industry Guide 7 does not recognise classifications other than investment in the Company, an investor or prospective investor should read this document in its Proved and Probable Reserves, and the SEC does not permit mining companies to disclose Mineral entirety, consider whether such an investment is appropriate to their particular investment needs, Resources in SEC filings. objectives and financial circumstances, seek legal and taxation advice appropriate to their jurisdiction and consult a financial adviser if necessary. The Company is not licensed to provide financial product The Company’s fiscal year (‘FY’) is 1 July to 30 June, e.g. FY18 = 1 July 2017 to 30 June 2018. advice in respect of the Company’s securities. The Company uses Australian dollar presentation currency for reporting purposes. Financial figures are in This presentation may contain forward-looking statements that are subject to risk factors associated Australian dollars unless otherwise stated. Several items in this presentation are shown in US dollars to with exploring for, developing, mining, processing, sale of gold, as well as financing, hedging and aid comparison. US$ in this presentation converted from previously published A$ results using FX sovereign risk matters. Forward-looking statements include those containing such words as anticipate, rates used in preparation of published quarterly reports and financial statements as follows: estimates, forecasts, guidance, outlook, should, will, expects, plans or similar expressions. Such forward- looking statements are not guarantees of future performance and involve known and unknown risks, Averages: FY18 = 0.7751, FY17 = 0.7539, FY16 = 0.7281, FY15 = 0.8319, FY14 = 0.9178. uncertainties, assumptions and other important factors, many of which are beyond the control of the 30 Jun spot rates: 2018 = 0.7407, 2017 = 0.7695, 2016 = 0.7452, 2015 = 0.7713, 2014 = 0.9430 Company. It is believed that the expectations reflected in these statements are reasonable but they may (Thomson Reuters). All forward looking estimates converted at A$1.00 = US$0.75 per initial FY19 be affected by a range of variables and changes in underlying assumptions which could cause actual guidance released in June 2018 Quarterly Report. results or trends to differ materially. Nothing in this document is a promise or representation as to the For reference, at 6 September 2018 A$1.00 = US$0.7171 www.rba.gov.au. future. Actual results may vary from the information in this presentation and any variation may be material. Past performance is not an indication of future performance. Statements or assumptions in this presentation as to future matters may prove to be incorrect and any differences may be material. The Company does not make any representation or warranty as to the accuracy of such statements or Australian Securities Exchange (ASX) Listing code “SBM” assumptions. Investors are cautioned not to place undue reliance on such statements. American Depositary Receipts (ADR OTC code “STBMY”) through BNY Mellon, This presentation has been prepared by the Company based on information available to it and has not been independently verified. No representation or warranty, express or implied, is made as to the www.adrbnymellon.com/dr_profile.jsp?cusip=852278100 fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of the Company or its subsidiaries or affiliates or the directors, employees, agents, representatives or advisers of any such party, nor any Title slide picture: Paste aggregate fill (PAF) chamber at Gwalia – June 2018 Published 10 September 2018 other person accepts any liability for any loss arising from the use of this presentation or its contents or otherwise arising in connection with it, including without limitation, any liability arising from fault or negligence on the part of the Company or its subsidiaries or affiliates or the directors, employees, agents, representatives or advisers of any such party. 2 / Nasdaq International Virtual Investor Conference

Contents Overview Operations & Projects • • Safety Exploration • • Financials Strategy • • Balance sheet Conclusion • • Gwalia mine - June 2018 Gwalia – June 2018 3 / Nasdaq International Virtual Investor Conference

Corporate Overview Papua ASX 200 (ASX: SBM; ADR: STBMY), est. 1969 Simberi New Guinea Commodity Gold (Au) Market cap 1 A$1.9B @ A$3.66/sh (US$1.4B) Shares 1 521 M Liquidity 2 2.7 M/day (0.5%) FY18 EPS 3 A$0.39 (US$0.30) Australia FY18 Dividend A$0.12 (US$0.09) Leonora Cash and term deposits 4 A$343 M (US$254 M) (Gwalia mine) Debt Nil Ore Reserves (JORC) 5 3.9 Moz Mineral Resources 5 9.2 Moz Consolidated Gwalia Simberi 403 koz @ AISC 6 A$891/oz FY18A 268 koz @ AISC A$802/oz 135 koz @ AISC A$1,068/oz (US$691/oz) (US$622/oz) (US$828/oz) FY19F 7 245 to 260 koz @ AISC A$920 to $980/oz 105 to 115 koz @ AISC A$1,275 to A$1,375/oz 350 to 375 koz @ AISC A$1,030 to 1,100/oz (US$690 to $735/oz) (US$960 to $1,030/oz) (US$773 to $825/oz) FX conversion per note on page 2. 1. As at 6 September 2018. 2. 3 months to 6 September 2018, Deutsche Bank. 3. Basic underlying EPS. 4. As at 30 June 2018. Balance comprised A$226.4 M cash and A$116.2 M term deposits (maturing October 2018 to January 2019). 4 / Nasdaq International Virtual Investor Conference 5. Refer ASX announcement 27 August 2018 titled ‘Ore Reserves and Mineral Resources Statements 30 June 2018’. Mineral Resources are reported inclusive of Ore Reserves. 6. Non IFRS measure, refer Appendix. 7. FY19 guidance in Q4 June 2018 Quarterly Report.

American Depositary Receipt Information (ADR: STBMY) American Depositary Receipt Information (ADR: STBMY) • St Barbara established an American Depositary Ticker STBMY code Receipt (ADR) programme in 1994 with The Bank Type Sponsored Level 1 ADR of New York (now BNY Mellon) as depositary. • St Barbara’s ADR joined the CUSIP 852278100 NASDAQ International Designation program in May 2018, having satisfied DR ISIN US8522781009 number NASDAQ’s International Designation DR OTC www.otcmarkets.com compliance, market cap, financial and Exchange trading requirements Ratio 1 ADR = 5 SBM ordinary shares • Further information on the St Barbara ADR program is available from The Bank of New York Depositary The Bank of New York Mellon Bank www.adrbnymellon.com (BNY) Mellon Shareowner Services at www.adrbnymellon.com 5 / Nasdaq International Virtual Investor Conference

St Barbara Safety Focus Total Recordable Injury Frequency Rate 1 6.0 5.0 4.1 2.1 2.1 1.2 FY 13 FY 14 FY15 FY16 FY17 FY18 TRIFR corresponds to 9 low range injuries in last 12 mths • Corresponding LTIFR (lost time/ ’serious’ injury • frequency rate) of 0.5 to 30 June 2018 compares with gold mining industry average of 2.1 2 Pump isolation at Gwalia Plant – June 2018 1. Total Recordable Injury Frequency Rate (12 month avg), total recordable injuries per million hours worked. 2. Industry Lost Time Injury Frequency Rate (LTIFR) data per Department of Mines, Industry Regulation and Safety report 6 / Nasdaq International Virtual Investor Conference titled ‘Safety Performance in the Western Australian Mineral Industry’ for 2016-2017.