Presentation on Q3 March FY18 Quarterly Report and audio webcast Bob - PDF document

ASX Release / 19 April 2018 Presentation on Q3 March FY18 Quarterly Report and audio webcast Bob Vassie, Managing Director & CEO, will brief analysts and institutional investors on the Q3 March FY18 Quarterly Report at 12:00 noon Australian Eastern Standard Time (UTC + 10 hours) on Thursday 19 April 2018. 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 www.stbarbara.com.au/investors/webcast/ 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 +61 3 8660 1900 Media Relations Mr Tim Duncan Hinton & Associates +61 3 9600 1979 St Barbara Limited Level 10, 432 St Kilda Road, Melbourne VIC 3004 T +61 3 8660 1900 F +61 3 8660 1999 W www.stbarbara.com.au ACN 009 165 066 Locked Bag 9, Collins Street East, Melbourne VIC 8003

BOB VASSIE, MANAGING DIRECTOR & CEO / 19 April 2018 ASX:SBM Q3 March FY18 Quarterly Presentation

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 presentation nor 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 completeness of 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 FY18 = quarter to 30 Sep 2017 Q3 Mar FY18 = quarter to 31 Mar 2018 Q2 Dec FY18 = quarter to 31 Dec 2017 Q4 Jun FY18 = quarter to 30 June 2018 Title slide picture: paste fill plant operations at night, Gwalia Mine WA, February 2018. Picture by Andrew Mort 2 / Q3 March FY18 Quarterly Presentation

Contents • Highlights • Exploration • Safety • Growth • Operations • Conclusion • Projects • Appendices 3 / Q3 March FY18 Quarterly Presentation Photo: Tugboat offshore from Simberi dock, October 2017, photo by George Danga Jnr.

Highlights Q3 March FY18 86 koz gold produced at AISC 1 A$982/oz • FY18 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 Simberi PNG, Sorowar pit, April 2018 1. Non IFRS measure, refer corresponding slide in Appendix 2. Announced in Q3 March FY18 production update released 6 April 2018 4 / Q3 March FY18 Quarterly Presentation 3. Financial information unaudited. Cash balance includes $1.2M restricted cash (Q2: $1.2M).

Focus on safety Total Recordable Injury Frequency Rate 1 6.0 5.0 4.1 2.6 2.4 2.1 1.2 1.2 FY 13 FY 14 FY15 FY16 FY17 Q1 Q2 Q3 FY18 FY18 FY18 • 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 2.1 2 ERT Training 2017, photo by Jonathan Mountford 1. Total Recordable Injury Frequency Rate (12 month avg). TRIFR includes Pacific Operations from Sept 2012. 2. Industry Lost Time Injury Frequency Rate (LTIFR) data per the Department of Mines and Petroleum report 5 / Q3 March FY18 Quarterly Presentation titled ‘Safety Performance in the Western Australian Mineral Industry’ for FY 2016-2017.

Consolidated Q3 FY18 quarter AISC 982 (A$/oz) 959 • Consolidated production of 910 FY17 average A$907/oz 889 86 koz (Q2 FY18: 100 koz) 876 862 • Gwalia 57 koz (Q2: 63 koz) • Simberi 29 koz (Q2: 37 koz) Production (koz) 100 98 95 94 • Consolidated AISC 1 of A$982/oz 86 (Q2: A$910/oz) 34 37 30 32 29 • Gwalia A$905/oz (Q2: A$859/oz) • Simberi A$1,129/oz (Q2: $994/oz) 65 64 63 62 57 • Consolidated FY18 guidance • Production 375 to 392 koz 2 (was 365 to 385 koz) FY17 FY17 FY18 FY18 FY18 Q3 Mar Q4 Jun Q1 Sep Q2 Dec Q3 Mar • AISC A$920 to A$970 /oz Gwalia Simberi (was A$940 to A$990/oz) Figures displayed to nearest koz. Reported ounces in Quarterly Report. 1. Non IFRS measure, refer corresponding slide in Appendix 6 / Q3 March FY18 Quarterly Presentation 2. Announced in Q3 March FY18 production update released 6 April 2018

Gwalia Q3 FY18 results + FY18 guidance AISC (A$/oz) 905 872 859 816 786 FY17 average A$785/oz Q3 Mar FY18 production 15.0 • 56,773 oz (Q2 FY18: 62,835 oz) Mined grade (g/t Au) • AISC 1 A$905/oz (Q2: A$859/oz) 11.3 11.2 10.7 • Mined grade of 15.0 g/t Au from 9.2 higher grade sections of South Reserve grade 7.8 g/t Au 2 FY17 average 10.7 g/t Au West Branch Production (koz) 64.9 64.3 FY18 guidance - maintained 62.8 62.1 56.7 • 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 FY17 FY18 FY18 FY18 Q3 Mar Q4 Jun Q1 Sep Q2 Dec Q3 Mar Reported ounces in Quarterly Report. 1. Non IFRS measure, refer corresponding slide in Appendix 7 / Q3 March FY18 Quarterly Presentation 2. Refer ‘Ore Reserves and Mineral Resources Statements 30 June 2017’ released 23 August 2017

Simberi Q3 FY18 results + FY18 guidance AISC (A$/oz) 1,277 FY17 average A$1,187/oz 1,129 Q3 Mar FY18 production 1,025 • 29,112 oz (Q2: 36,674 oz) 1,125 1,027 994 • AISC 1 A$1,129/oz (Q2: 994/oz) • Illegal stoppage interrupted 36.7 Production (koz) production for 7 days in March 34.0 32.1 30.4 FY18 guidance 29.1 • 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 FY 17 FY 17 FY 18 FY 18 FY 18 (was A$5 to A$7 million) Q3 Mar Q4 Jun Q1 Sep Q2 Dec Q3 Mar 1. Non IFRS measure, refer corresponding slide in Appendix. 8 / Q3 March FY18 Quarterly Presentation 2. Announced in Q3 March FY18 production update released 6 April 2018

Increasing cash balance 262 46 A$M 17 216 Q3 movement net of: 199 38 Q2 movement net of: $16 M dividends $31 M tax $4 M investments 161 $12 M investments Q1 movement net of: $25 M dividends FY17 FY18 FY18 FY18 Q4 Jun Q1 Sep Q2 Dec Q3 Mar Cash balance Column1 Net cash movement For details refer to cash movements table in ASX release 19 April 2018 ‘Quarterly Report Q3 March FY18’ 9 / Q3 March FY18 Quarterly Presentation

Cash generation and usage A$M 100 86 79 79 Operational cash contribution 80 60 Net cash movement for qtr 40 Corp. costs & royalties, 46 20 38 explr. & working cap. 17 Strategic investments 0 -16 -25 -31 -2 -20 Leonora - growth capital -7 -4 -4 -1 -4 -18 -11 -40 Income tax payments (inc. WC -10) -12 -8 -60 Dividends paid -80 Operational cash contribution FY18 FY18 FY18 Q1 Sep Q2 Dec Q3 Mar Operational cash contribution is a Non IFRS measure, refer corresponding slide in Appendix. 10 / Q3 March FY18 Quarterly Presentation For details refer to cash movements table in ASX release 19 April 2018 ‘Quarterly Report Q3 March FY18’