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Investor Presentaiton

Exploration: Gwalia West Lode - Long Section West Lode Long Section Looking West 4,200mRL 4,000mRL 3,800mRL 3,600mRL 3,400mRL Drill Hole Intersection West Lode (Current) West Lode Extension Development Stoping Au gram/meter contours +40ggm 30-40ggm 20-30ggm 10-20ggm 017-024 Gwara Drawn January 2016 Open Underground Development 200m West Lode Extension St Barbara LIMITED 1,200mbs 1,400mbs 1,600mbs 1,800mbs West Lode > West Lode is one of the four major lode structures¹ identified within the Gwalia Mine Sequence, and is located approximately 80m to the west of South West Branch. > Drilling results² show encouraging grade and thickness: > studies underway to assess the options for exploiting the lode with a materials handling solution > expected to add to reserves. > Further drilling is planned to investigate extensions of the lode system below 1,800 metres below surface. 2,000mbs 1. Main Lode, South Gwalia Series, South West Branch, West Lode 46 Asia Investor Relations Roadshow / March 2016 2. For full explanation and results refer to ASX release 20 October 2015 'Quarterly Report September 2015'
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