Investor Presentaiton

Simberi PNG-PFS preliminary results Scope Ore Reserves at 30 June 2015¹ Capex Production Mill throughput Recovery Output All-In Sustaining Cost³ Produce and sell gold concentrate from sulphide ore and gold doré from oxide ore Sulphide: 19.9 Mt @ 2.0 g/t Au for 1,285 koz of contained gold Oxide: 19.1 Mt @ 1.3 g/t Au for 818 koz of contained gold² US$100 million (A$140 million at A$/US$ 0.70) comprising: US$43 million processing plant US$42 million mining fleet (consider alternative) US$15 million general site infrastructure St Barbara LIMITED Sulphide average annual production c. 140,000 ounces over 7 years - (1 Moz in total) Oxide annual production within the Project varies (140,000 oz in total) 2.0 Mtpa c. 83% Gold concentrate @ 30+ g/t Au from sulphide ores Gold doré from oxide ores US$930 to US$990 per ounce The above project metrics are based on a progress report on the PFS and subject to the assumptions contained therein. The results may change as the PFS is finalised. It is envisaged that further optimisation and value engineering activities will continue on the Project during the strategic review. 1. Refer ASX release 25 August 2015 'Ore Reserves and Mineral Resources Statements as at 30 June 2015' 2. Parts of the existing oxide reserve are contained within the Sulphide Project pit shell, and are subject to optimisation of the existing oxide operation 24 Asia Investor Relations Roadshow / March 2016 3. Non-IFRS measure, refer corresponding slide in Appendix

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