ST BARBARA LIMITED — Capital/Financing Update 2018

Jul 5, 2018

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ASX Release / 6 July 2018
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Record Q4 June 2018 quarter and FY18 full year gold production

• Record Q4 June 2018 gold production of 119,436 ounces

• Record FY18 full year gold production of 403,089 ounces

• Strong balance sheet with A$344 million cash & term deposits[1] and no debt

St Barbara Limited (ASX:SBM) (the “Company”) provides the following production update for the June 2018 quarter (Q4 FY18) and full year FY18.

FY18 consolidated gold production was a record 403,089 ounces, up 6% on FY17 and exceeded 400,000 ounces in a year for the first time.

Gwalia produced a record 84,537 ounces of gold in the quarter and a record 268,428 ounces for the full year. As anticipated, the re-set of the mining chevron during Q3 ensured multiple working faces were available for production in Q4. 204 kt of ore was milled during the quarter at an average grade of 13.2 g/t Au, reflecting mining from higher grade zones of the South West Branch.

Simberi produced 34,899 ounces of gold in the quarter and a record 134,661 ounces for the full year, the fourth consecutive annual production record. Major contributors to the record result included incremental improvements in mining and fixed plant operations and higher grades mined near the sulphide/oxide boundary.

Total cash at bank and term deposits was A$344 million[1] at 30 June 2018 (31 March 2018: A$262 million), plus 9,512 ounces of gold in transit from Simberi.

Further commentary on operations will be provided in the Q4 June 2018 quarterly report scheduled to be released on 25 July 2018, including production costs, cash flow details, FY19 guidance and an update on the Company’s growth projects.

St Barbara Managing Director and CEO, Mr Bob Vassie, said “The final quarter exceeded our expectations and rewrote multiple entries in our record book, including achieving 400,000 ounces in a year for the first time. I acknowledge the Gwalia and Simberi teams, largely unchanged from prior to my appointment in 2014, on setting new benchmarks for sustained performance and continuous improvement. The Gwalia result supports our ongoing investment in extending its future, and the Simberi result encourages further consideration of the sulphide project.”

	Production Summary	Year FY17	Q1 Sep FY18	Q2 Dec FY18	Q3 Mar FY18	Q4 Jun FY18	Full year FY18	Guidance FY182
	Production Gwalia oz Simberi oz Consolidatedoz Milled Grade Gwalia g/t Au Simberi g/t Au	265,057 116,044	64,283 33,976	62,835 36,674	56,773 29,112	84,537 34,899	268,428 134,661	250 to 260 koz 125 to 132 koz (previously 115 to 125 koz)
		381,101 10.3 1.19	98,259 11.0 1.27	99,509 10.7 1.42	85,885 14.2 1.22	119,436 13.2 1.45	403,089 12.3 1.35	375 to 392 koz (previously 365 to 385 koz) Reserve grade3 7.8 1.3

• 1 Financial information unaudited. Balance comprises $227 M cash, $116 M term deposits (maturing between July 2018 and January 2019) and $1 M restricted cash.

• 2 FY18 guidance previously amended in Q2 December 2017 quarterly report (released 23 January 2018) and Q3 March FY18 production update (released 6 April 2018).

(released 6 April 2018).	(released 6 April 2018).
3 Ore Reserve grade at 30 June 2017, refer Ore Reserves and Mineral Resources		Statements (released 23 August 2017).
Investor Relations	Mr Rowan Cole Company Secretary	+61 3 8660 1900	SBM:ASX
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 1900F+61 3 8660 1999
ACN 009 165 066	Locked Bag 9, Collins Street East, Melbourne VIC 8003	Wwww.stbarbara.com.au