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Investor Presentaiton

> Simberi PNG -Strategic review St Barbara LIMITED Need to evaluate the potential investment in the Simberi Sulphide Project against the Company's other potential investment opportunities > to maintain continuity of production a decision on the Sulphide Project would be required by December 2016 > Cutfield Freeman & Co appointed to assist the Company to conduct a Strategic Review and evaluate various options regarding its PNG assets, including: > > Sulphide Project > existing oxide operation, and > EL609 exploration licence across the Tabar Island Group (inc. Simberi, Tatau and Big Tabar Islands). The Strategic Review is anticipated to take approximately 6 months and will explore a range of options for the Company's various PNG assets including: > continued ownership, exploration and development > joint ventures > divestment of some or all of the assets. 25 Asia Investor Relations Roadshow / March 2016
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