ST BARBARA LIMITED — Investor Presentation 2017

Aug 22, 2017

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ASX Release / 23 August 2017
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Presentation on FY17 Financial Report, 30 June 2017 Ore Reserves & Mineral Resources Statements and audio webcast

Bob Vassie, Managing Director & CEO, and Garth Campbell-Cowan, Chief Financial Officer, will brief analysts and institutional investors on the full year financial results and 30 June 2017 Ore Reserves & Mineral Resources Statements at 11:00 am Australian Eastern Standard Time (UTC + 10 hours) on Wednesday 23 August 2017 .

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 Alistair Reid Manager Investor Relations +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 ACN 009 165 066 Locked Bag 9, Collins Street East, Melbourne VIC 8003 W www.stbarbara.com.au

T +61 3 8660 1900 F +61 3 8660 1999 W www.stbarbara.com.au

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BOB VASSIE, MANAGING DIRECTOR & CEO
GARTH CAMPBELL-COWAN, CHIEF FINANCIAL OFFICER / 23 August 2017
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FY17 Financial Results Presentation

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Disclaimer
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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.

Cover: Gwalia at sunrise, photo by David Wiley

2 / FY17 Full Year Financial Presentation

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Contents
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• Overview

• Financial results

• Resources & Reserves update

• Growth initiatives

• Conclusion

• Appendix

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Sky over Gwalia processing plant, April 2016

Rainclouds over Gwalia Tailings Storage Facility, January 2017 Photo by Dan Pintea

3 / FY17 Full Year Financial Presentation

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FY17 key achievements
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Operational excellence

• Record safety performance of 1.2 TRIFR[1]

• Record consolidated annual production[2] & record low AISC[3]

• Achieved or exceeded guidance at both operations

Record results

• Record cash flow from operating activities $303 M (FY16: $243 M)

• Record profitability: underlying NPAT[3] $160 M (FY16: $127 M)

• A$228 M debt repaid during year (FY16: $142 M)

Capital management

• 55% return on capital employed[3]

• Debt free[4] , $161 M cash at bank

• 6 cents per share fully franked dividend in respect of FY17

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Growth
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• A$100 M extension project commenced, Gwalia Reserves and Resources increased

• Simberi oxide mine life extended

• Systematic evaluation of inorganic growth opportunities

• 1.Total Recordable Injury Frequency Rate (12 month average) hours lost to injury per million hours worked 2.From continuing operations

3.Non-IFRS measure, refer to corresponding slide in Appendix

4 / FY17 Full Year Financial Presentation

4.No interest bearing debt except for equipment leases amounting to A$0.5 M.

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Record safety performance
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Total Recordable Injury Frequency Rate[1]

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9.0
6.0
5.0
4.1
2.1
1.2
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FY 12 FY 13 FY 14 FY 15 FY 16 FY 17

• Record safety performance of 1.2 TRIFR[1]

• Gwalia winner of CME WA Underground Mine Emergency Response Team Competition[2]

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Above: Winning Gwalia ERT, official photo. Simberi Chiefs at Mining Safety Week opening ceremony. Photo by Daan Van Pletzen

1. Total Recordable Injury Frequency Rate (12 month average) hours lost to injury per million hours worked 2. CME WA Underground mine Emergency Response Team Competition: https://www.cmewa.com/news-and-events/latestnews/historical-media-releases/2016/292-underground-mine-emergency-response-winners-announced

5 / FY17 Full Year Financial Presentation

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Gwalia production and cost profile
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Mined Grade

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(g/t Au)
6.9
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10.7
9.3
8.8 8.9
8.2 8.4
6.9
6.3 Reserve Grade
5.7
7.8 g/t Au June 2017
267 265 260
248 245
Production
(koz) 214
185 183
AISC
(A$/oz) 940
865
841
131 783 785
109
83
FY 09 FY 10 FY 11 FY 12 FY 13 FY 14 FY 15 FY 16 FY 17 FY 18F
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Bogger underground at Gwalia, Photo by Finlay Wilkinson

FY18F AISC is midpoint of guidance, released 26 July 2017 in Q4 June 2017 Quarterly Report. AISC is a non IFRS measure, refer corresponding slide in Appendix.

6 / FY17 Full Year Financial Presentation

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Simberi production and cost profile
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2,300
AISC
(kA$/oz)
1,464
1,293 1,320
1,187
116 115
110
Production
(koz)
105
80
44
FY14 FY15 FY16 FY17 FY18F
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Senior in-pit coach Papof Lamasi

FY18F AISC is midpoint of guidance, released 26 July 2017 in Q4 June 2017 Quarterly Report. AISC is a non IFRS measure, refer corresponding slide in Appendix.

7 / FY17 Full Year Financial Presentation

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EBITDA and NPAT profile
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Underlying EBITDA

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A$M
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321
284
184
FY15 FY16 FY17
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Underlying NPAT

A$M

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160
127
42
FY15 FY16 FY17
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EBITDA

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A$M
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298 293
168
FY15 FY16 FY17
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NPAT

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A$M
169
158
40
FY15 FY16 FY17
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EBITDA, Underlying EBITDA and Underlying NPAT are non IFRS measures, see corresponding slide in Appendix

8 / FY17 Full Year Financial Presentation

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Key changes to underlying profit FY16 to FY17 [1]
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-6
-5 19
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-4
-2 -5 19
-15
26
160
20
127
A$ M
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FY16 Gross Profit - Gross Profit - Exploration Corporate & D&A Finance + FX Other Income tax FY17 Aust Ops Simberi Ops Royalties expense

1. Underlying profit from continuing operations, Non-IFRS measure, refer to corresponding slide in Appendix

9 / FY17 Full Year Financial Presentation

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FY17 Key Financial Metrics
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50
EBITDA margin % 1,3
47
3 64
Gwalia EBITDA margin %
60
32
EPS (basic, cents)
26
61
ROCE (%) 1,3
48
DPS (cents) 6
2
Dividend yield (%) 2.1
FY17 FY16
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1. Underlying, see page 3 Financial Report

2. On share price as at 30 June 2017 of $2.91 3.

10 / FY17 Full Year Financial Presentation

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Segment profit and cash contribution from operations
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Reportable segment profit/ (loss) before tax[1]

Cash contribution from operations[1, 2, 3]

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A$M
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220
198
139
51
34
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-3
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A$M
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249
244
186
70
33
-33
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FY15

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FY16 FY17
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FY15
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FY16 FY17
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Leonora Simberi

Leonora Simberi

1. Results for Leonora include King of the Hills (which ceased production in the September 2015 quarter) operating results, but exclude significant items relating to the King of the Hills sale.

2. Non-IFRS measure, refer to corresponding slide in Appendix.

3. Leonora contribution is before growth capex and deep drilling expenditure of $17 M (2016: $9 M)

11 / FY17 Full Year Financial Presentation

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Commencement of Dividends
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Dividend (for full 2017 financial year)

• A$0.06 per share, fully franked, announced 7 August 2017

• Future dividends will be considered at each financial reporting date

• Amount will be influenced by financial performance, balance sheet, internal and external investment opportunities

Dividend Reinvestment Plan (DRP)[1]

• Allows eligible shareholders to re-invest

• 2% discount to the 5 day VWAP

Action	Date
Ex-Dividend Date	6 September 2017
Record Date	7 September 2017
DRP Election Date (final date to participate in the DRP)	8 September 2017
DRP price calculation period	7-13 September 2017
Payment / Share Issue / Allotment Date	28 September 2017

12 / FY17 Full Year Financial Presentation

1. A copy of the DRP Rules is available at www.stbarbara.com.au/investors/dividend/

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Taxation
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• All Australian tax losses were utilised during FY17

• Tax liability of $30 M recognised as at 30 June 2017 payable in December 2017 with monthly instalments thereafter

• Current tax liability includes a provision of $11 M for certain research and development projects previously claimed as tax credits, under review with AusIndustry

• Deferred tax asset not recognised in respect of PNG operations of $30 M as at 30 June 2017

Reconciliation of FY17 income tax expense to prima facie tax payable

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A$M
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-5
+11
+7
57
-30 -10
32
30
Prima facie Permanent Previously R&D provision Tax expense Losses used Movement in Tax payable
tax differences unbooked DTAs deferred tax
recognised/utilised balances
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13 / FY17 Full Year Financial Presentation

Note DTAs = deferred tax assets

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Cash movement FY17
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Reconciliation of cash movement

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70
-228
232
-19
-11
-20
161
137
A$ M
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Cash Jun 2016 Leonora Ops Simberi Ops Debt repayments Interest & Exploration Corporate (incl Cash Jun 2017 borrowing costs capex)

Application of cash

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-309
640 2
-20
-18
-43
-228
250
24
Receipts Op costs Exploration Net Finance Capex and Cash surplus FX gain Debt Change in cash
costs Investments (= cash flow from repayment balance
operating less
investing activities)
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14 / FY17 Full Year Financial Presentation

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Investing for the future
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Exploration

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Capex Exploration
96
6
53
42
36
4
8
9
19
18
14
37
6
30 5
27 4
4
1 8
9 9
5
FY16 FY17 FY18F FY16 FY17 FY18F
Capex Capex Capex Exploration Exploration Exploration
(mid-points) (mid-points)
Gwalia - sustaining Gwalia - deep drilling Gwalia Extension Project Simberi Sustaining Australia PNG Total
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A$M

Note: FY18F Exploration excludes Newcrest farm-in and option in the Tabar Islands PNG for CopperGold porphyry type mineralisation announced 14 Nov 2016. The Newcrest agreement specified expenditure of at least US$28 M over a period of up to 8 years.

15 / FY17 Full Year Financial Presentation

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Balance Sheet
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• Cash balance at 30 June of $161 M – continuing to grow in FY18

• All debt repaid except for minor finance leases totalling $0.5 M at year end

• Hedging in place at 30 June 2017 for FY18 = 100 koz forward contracts at average price of A$1,728/oz deliverable July 2017 to June 2018

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A$M Cash and debt
200
161
100 137
79 77
0
Debt
-1
Cash
-100
-200 -226
-300 -340 -347
-400
2014 2015 2016 2017
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16 / FY17 Full Year Financial Presentation

Total

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Reserves and Resources as at 30 June 2017
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Gwalia Reserves

• Increased by net 325 koz after depletion

• Lower average grade 8.3 to 7.8 g/t Au

• Cost of discovery at depth in FY17 $23/oz (FY16: $30/oz)

Gwalia Resources

Ore Reserves

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(Moz)
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4.3
4.0
1.4
1.3
0.5
0.6 0.3
0.3
2.1
1.8
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FY16 FY17

• Increased by net 1,191 koz

Gwalia Tower Hill Simberi Oxide Simberi Sulphide

Mineral Resources

• Lower average grade 7.0 to 6.7 g/t Au

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(Moz)
9.6
9.1
3.2
3.6
0.7
0.6
1.0
0.6
5.1
3.9
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Simberi R&R models reviewed

• Oxide mine life extended, grade maintained at 1.3 g/t Au

• Sulphide reserve increased by 81 koz to 1.4 Moz, grade increased from 3.0 to 3.5 g/t Au

FY16

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FY17
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Note: For full details refer to ‘Ore Reserves and Mineral Resources Statement 30 June 2017’.

17 / FY17 Full Year Financial Presentation

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Gwalia Reserves and Resources
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Gwalia Reserves Gwalia Resources
+406
+1,061
+15
+268
+316
koz koz
-276
-274
5,087
2,133
1,808 3,896
June Mining Depth Geology Modifying June June Mining Depth Additions June
2016 depletion extension and factors 2017 2016 depletion & extensions (above 2017
(below design sterilisation (below 1940)
1940) changes
1940)
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Note: For details refer to ‘Ore Reserves and Mineral Resources Statement 30 June 2017’. Reserve Geology and design change gains are above 1940 mbs.

18 / FY17 Full Year Financial Presentation

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Gwalia Ore Reserves
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Gwalia Ore Reserves
30 June 2016
200m depth Gwalia Ore Reserves
extension of Ore
30 June 2017
Reserves
Proved
Probable
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Note: For full details refer to ‘Ore Reserves and Mineral Resources Statement 30 June 2017’ released 23 August 2017.

19 / FY17 Full Year Financial Presentation

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Gwalia Ore Reserves
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Gwalia Ore Reserves
30 June 2016
Gwalia Ore Reserves
200m depth
extension of Ore 30 June 2017
Reserves
Ore Reserves Grade (g/t)
4 - 6
6 – 8
8 – 10
10 – 12
>12
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Note: For full details refer to ‘Ore Reserves and Mineral Resources Statement 30 June 2017’ released 23 August 2017.

20 / FY17 Full Year Financial Presentation

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Gwalia variance to Ore Reserves grade
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0.4
0.2
0.2
0.3
0.1
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0.6
8.3
7.8
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g/t Au

Ore Reserve FY17 production Design changes Design changes Design changes Dilution factors Depth Extension Ore Reserve Grade June (SWB above (WL & SGS above (ML above 1940) Grade June 2016 1940) 1940) 2017

Note: Totals may not sum due to rounding. For full details refer to ‘Ore Reserves and Mineral Resources Statement 30 June 2017’ released 23 August 2017.

21 / FY17 Full Year Financial Presentation

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Gwalia mining | South West Branch
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‘The Sweet Spot’

• Deepest FY17 production at 1,580 mbs

• Planned FY18 mining primarily between 1,540 mbs and 1,620 mbs

• Extend mine ~one level (40 meters) per annum

• Reserve grade

7.8 g/t Au[1]

• Resource model has historically underpredicted contribution of high grade shoots

• First stope below 1800 mbs due in FY22 per LOM plan

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1480MBS
Deepest level of
mining, Q4 FY7,
1620 mbs
1800MBS
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Illustration from data supporting 2017 Annual Mineral Resources and Ore Reserves Report 1. Reserve grade at 30 June 2017, Resources and Reserves Statements released 23 August 2017

22 / FY17 Full Year Financial Presentation

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Simberi Reserves and Resources
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koz
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Reserves
+92
-116
1,897 1,873
June Mining depletion Op costs & model June
2016 revision 2017
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Oxide Reserves

• Additional Reserves offset depletion

• Mine life extended one year to mid FY20

Sulphides Reserves

• Change in reserves based on improved geological interpretation

• Sulphide reserve grade increased from 3.0 to 3.5 g/t Au

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koz
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Resources

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-202
-433
4,558
3,923
June Mining depletion Resource model June
2016 changes 2017
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Resources decreased by 635 koz

• Oxides primarily depleted by mining

• More conservative view of inferred sulphide ounces leads to reduction in ounces and increase in sulphide resource grade 1.7 to 1.8 g/t Au

Note: For full details refer to ‘Ore Reserves and Mineral Resources Statement 30 June 2017’.

23 / FY17 Full Year Financial Presentation

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Gwalia Extension Project update
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• Project is on schedule

• A$8 M spent in FY17 (A$3.5 M in Q4) drilling, studies, tunnel development

• Major contracts awarded:

• Weir Minerals for “PAF” (Paste Aggregate Fill)

• RUC Cementation for vent shafts

• Study with RUC for simultaneous shaft construction, potential for acceleration of project schedule

• FY18F capex of A$50 M to A$55 M

Deep drilling at Gwalia on night shift

24 / FY17 Full Year Financial Presentation

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Profitable growth options
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Existing opportunities Profitable growth options

• Gwalia extension project

• Simberi mine life review, sulphides

• Exploration in WA and PNG

Eyes open for opportunities

• Consider sensible inorganic growth where it increases shareholder value

• Systematic evaluation process underway

Will consider

• ‘Investible’ assets, preference for Australia

• Exploration, project, development and operating assets in a range of sizes

Recent outcomes

• Strategic and highly prospective investments in Catalyst (ASX:CYL) & Peel (ASX:PEX)

Gwalia at night. Photo by Finlay Wilkinson

25 / FY17 Full Year Financial Presentation

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Gender Diversity
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• WGEA Employer Of Choice For Gender Equality in 2014, 2015 & 2016 , one of three resources companies certified

• 2017 Company Gender Diversity Program, Victorian Women in Resources Awards

• Overall pay equity gap reduced from 43% in 2007 to 16% in 2016[1]

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• Nil gender pay gap in ‘like-for-like’ roles[2]

• Bob Vassie, MD & CEO, appointed in 2014 as one of 32 CEO Ambassadors of the Workplace Gender Equality Agency pay equity campaign

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1. Compared to 23% nationally and 16% for the mining industry, WGEA Australia’s gender equality scorecard Nov 2016 www.wgea.gov.au/sites/default/files/2015-16-gender-equality-scorecard.pdf

2. Refer St Barbara Corporate Governance Statement for details, www.stbarbara.com.au/about_us/governance

26 / FY17 Full Year Financial Presentation

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Conclusion | Digger of the Year 2017
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• Another record year – safety, production, cash flow and low AISC

• $0.06 fully franked full-year dividend

• Awards for gender diversity, wellbeing programs and Digger of the Year

• At Gwalia,

Resources increased by net 1.2 Moz, Reserves increased by net 325 koz

• Profitable growth options include:

• Gwalia extension project

• Simberi copper- gold porphyry exploration with Newcrest

• Positioned to grow

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Mining trucks at dawn at Gwalia. Photo by Dan Pintea

27 / FY17 Full Year Financial Presentation

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Appendices
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Diggers and Dealers awards presentation 9 Aug 2017 (L to R): Ian Murray, MD & CEO, Gold Road Resources Ltd ‘2017 Dealer of the Year’, Tim Netscher, Non-Executive Chairman of Gold Road Resources Ltd & St Barbara Ltd, Bob Vassie, MD & CEO, St Barbara Ltd ‘2017 Digger of the Year’

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Consolidated Production, Costs, Guidance Summary
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Production Summary - Consolidated	Production Summary - Consolidated	Production Summary - Consolidated	Year FY16	Q1 Sep FY17	Q2 Dec FY17	Q3 Mar FY17	Q4 Jun FY17	Year FY17	Guidance FY173	Guidance FY18
Production
Gwalia	oz		267,166	67,118	70,925	64,916	62,098	265,057	260 to 265 koz	245 to 260 koz
Simberi	oz		110,286	25,429	28,057	30,430	32,128	116,044	105 to 110 koz	105 to 115 koz
Consolidated (continuing operations)		oz	377,452	92,547	98,982	95,346	94,226	381,101	365 to 375 koz - Reserve grade2 8.3 1.3 n/a n/a - - 795 to 815 1,285 to 1,330	350 to 375 koz Reserve grade 6 7.8 1.3 n/a n/a - - 840 to 890 1,260 to 1,3805
Kingof the Hills4	oz		9,112	-	-	-	-	-
Mined Grade
Gwalia g/t Simberi (oxide) g/t Total Cash Operating Costs1			9.3 1.26	10.4 11.9 11.3 9.2 1.05 1.13 1.14 1.21				10.7 1.13
Gwalia	A$/oz		609	580	546	582	668	592
Simberi	A$/oz		1,143	1,247	1,161	944	1,048	1,092
Consolidated (continuing operations)	A$/oz		765	763	721	697	798	689
Kingof the Hills4	A$/oz		893	-	-	-	-	-
All-InSustaining Cost1
Gwalia	A$/oz		783	774	716	786	872	785
Simberi	A$/oz		1,293	1,359	1,277	1,025	1,125	1,187
Consolidated (continuing operations)	A$/oz		932	935	876	862	959	907	940 to 980	970 to 1,035
King of the Hills4	A$/oz		964	-	-	-	-	-	-	-

1. Non-IFRS measure, refer Appendix

2. Ore Reserve grade at 30 June 2016, refer Ore Reserve and Mineral Resources Statement (released 23 August 2016)

3. FY17 guidance announced in Q4 June 2016 quarterly report (released 19 July 2016), updated in subsequent quarters

4. King of the Hills ceased mining in April 2015 and ceased processing in September 2015 It was sold in October 2015 (refer ASX announcement 16 October 2015)

5. US$995 to US$1,090 @ AUD conversion of 0.79

6. Ore Reserve grade at 30 June 2017, refer Ore Reserve and Mineral Resources Statement (released 23 August 2017).

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FY17 Financial Summary
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		FY17	FY16	Change	• • • • •
EBITDA1, 2	A$M	321	284	13%
Underlying NPAT1	A$M	160	127	26%
Reported NPAT	A$M	158	169	(7%)
Cashflow from operations4	A$M	303	243	25%
Debt3	A$M	-	226	(100%)
Earnings per share (basic) 1	cents	32.3	25.7	26%
Dividend per share	cents	6.0	0.0	-
ROCE1	%	61%	48%	13 points

Record underlying NPAT and cash flow from operations Debt free[3]

A$228 M debt repaid in FY17 A$432 M debt repaid since June 2015 Dividend of 6c per share fully franked

1. Underlying, see page 3 2017 Directors’ and Financial Report

2. Non-IFRS measure, refer to corresponding slide in Appendix.

3. No interest bearing debt except for equipment leases totalling approx. A$0.5M 4. Net cash inflow from operating activities

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Ore Reserves Summary as at 30 June 2017
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Project	Proved	Proved	Proved	Probable	Probable	Probable	Total	Total	Total
	Tonnes ('000)	Gold (g/t)	Ounces ('000)	Tonnes ('000)	Gold (g/t)	Ounces ('000)	Tonnes ('000)	Gold (g/t)	Ounces ('000)
Gwalia, (WA)	2,308	9.8	725	6,248	7.0	1,408	8,556	7.8	2,133
Tower Hill, (WA)	-	-	-	2,572	3.7	306	2,572	3.7	306
Simberi Oxide, (PNG)	3,294	1.4	153	7,613	1.3	319	10,907	1.3	472
Simberi Sulphide, (PNG)	245	3.2	25	12,291	3.5	1,307	12,537	3.5	1,402
Total All Projects	5,847	4.8	903	28,724	3.6	3,340	34,572	3.9	4,312

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 www.stbarbara.com.au/exploration/Ore-Reserves-mineral-resources/

Full details are contained in the ASX release dated 23 August 2017 ‘Ore Reserves and Mineral Resources Statements 30 June 2017’ available at www.stbarbara.com.au.

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Mineral Resources Summary as at 30 June 2017
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Project	Measured	Measured	Measured	Indicated	Indicated	Indicated	Inferred	Inferred	Inferred	Total	Total	Total
	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)	5,045	7.8	1,265	14,877	6.4	3,042	3,831	6.3	780	23,753	6.7	5,087
Tower Hill, (WA)	-	-	-	4,604	3.9	574	489	3.3	51	5,093	3.8	625
Simberi Oxide, (PNG)	4,056	1.3	164	12,313	1.1	427	4,919	1.0	152	21,288	1.1	744
Simberi Sulphide, (PNG)	836	1.7	45	41,005	1.9	2,471	12,676	1.6	663	54,517	1.8	3,179
Total All Projects	9,937	4.6	1,474	72,799	2.8	6,514	21,915	2.3	1,646	104,651	2.9	9,635

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 www.stbarbara.com.au/exploration/Ore-Reserves-mineral-resources/

Full details are contained in the ASX release dated 23 August 2017 ‘Ore Reserves and Mineral Resources Statements 30 June 2017’ available at www.stbarbara.com.au.

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Competent Persons Statement
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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 www.stbarbara.com.au 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 2017 ‘Ore Reserves and Mineral Resources Statements 30 June 2017’ available at www.stbarbara.com.au.

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Non-IFRS Measures
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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.	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.
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 quarterly report available atwww .stbarbara.com.aufor example
Cash contribution	Cash flow from operations before finance costs, refer reconciliation of cash movement in the most recent quarterly report available atwww .stbarbara.com.au
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 atwww .stbarbara.com.aufor example
Dividend yield	Dividendshare price
EBIT	Earnings before interest revenue, finance costs and income tax expense.
EBITDA	EBIT before depreciation and amortisation.
EBITDA margin	EBITDARevenue
Net-cash	Net-cash equivalent to cash and cash equivalents less current and non-current interest bearing borrowings
Net-debt	Net-debt equivalent to current and non-current interest bearing borrowings less cash and cash equivalents
ROCE	‘Return on capital employed’ is calculated as EBIT before significant items expressed as a percentage of average total capital employed (net debt and total equity). Refer 2017 Financial Report (p30) for details
Significant Items	Items whose nature or amount is considered material to the financial report. Refer Note 3 of 2017 Financial Report (p48) for details
Underlying EBITDA / NPAT	EBITDA or NPAT after excluding identified significant items. Refer 2017 Financial Report (p3) for details.
2017 Financial Report	Refer 2017 Financial Report available atwww .stbarbara.com.au

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Investor Relations Enquiries
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Rowan Cole Company Secretary

Alistair Reid Manager Investor Relations

T: +61 3 8660 1900

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)

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