ANDREW FISHER / 12 November 2015

2015 IMARC FORUM

You Want me to do What? Managing
Remote Projects in PNG
 Overview of operations
ASXon300
˃ Shares listed Company (SBM), founded
issue 495 1969
M Consolidated
˃ Market Cap2 A$600 M
˃ FY15A 377 koz @ AISC A$1,007/oz
(US$725/oz4)
˃ Ore Reserves 30 June 2015 4.0 Moz 1
˃ FY16F3 344 koz @ AISC A$1,038/oz
˃ Mineral Resources 30 June 2015 9.2 Moz 1 (US$747/oz4)
Simberi
˃ ADR OTC code STBMY
Simberi
˃ Open pit mine
˃ Q4 FY15 AISC
˃ Gwalia
Leonora A$1,149/oz
underground mine (US$ 827/oz4)
˃ FY15 AISC A$841/oz ˃ FY15 production
(US$ 606/oz4) Australia 80 koz
˃ FY15 production Leonora
˃ FY16F production
248 koz 90 – 110 koz
˃ FY16F production ˃ Potential for long
220 – 250 koz life sulphide mine
2/ IMARC FORUM 2015 ˃ agreement
1. Refer ASX announcement released 25 August 2015 titled ‘Ore Reserves and Mineral Resources Statements
30 June 2015’, includes King of the Hills & Kailis (subject to sale Near mine
announcedtargets
20 August 2015).
 Gwalia- one of Australia’s most historic mines

1896 - Welsh syndicate discovers the Gwalia Reef.

1897 - Herbert Hoover buys mine for
Bewick Moreing
1929 - Hoover becomes 31st President of USA
1963 - Mine closes 4 days before Christmas having
produced more than 2.5 Moz over 67 years.
1983 - Lalor Brothers purchase mine and open cut
mining commences one year later.
1999 - Open pit finishes and the Hoover Decline is
established for underground mining.
2002 - Mine placed in Care and Maintenance
having produced another 1.3 Moz
2005 - Mine acquired by St Barbara Ltd
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Simberi Island

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Project scope - Telecommunications tower relocation

 Relocate 45 metre mobile tower to meet mining operations schedule

 Dismantle
Current Tower and re-assemble
Location
 Communications container relocation

 Generator relocation Identified new

location
 VHF system relocation

 Microwave transmitter relocation

 Project deadline established to meet clearing of land

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500 metre relocation

Current Tower
Location

Identified new
location

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Project lifecycle

Project governance

Project meeting in Port

Moresby
Project Management

23 July 2014
Initial notification Dealing with issues

22 October 2014
Project completion

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Finished product

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Project - Satellite dish installation
Tomalabat Exploration Camp, Tatau Island

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Tomalabat Exploration Camp

Location, Location, Location…..

Delivery via Banana Boat

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Work in Progress….

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The end product

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Lessons Learnt

Andrew Fisher
Manager IT Infrastructure
E: andrew.fisher@stbarbara.com.au

T: +61 3 8660 1900

www.stbarbara.com.au
ASX: SBM

13 / IMARC FORUM 2015