St Barbara is one of Australia’s largest ASX listed Australian based gold producers and explorers, with three mines and two processing plants at Leonora and Southern Cross in Western Australia.

Gold production, profit and operating cash flow all increased in FY11. Net profit after tax increased to $69 million. Gold production is expected to grow by a further 30% in FY12.

Mineral Resources at June 2011 contained 7.6 million ounces of gold including Ore Reserves containing 2.8 million ounces of gold¹. Deep drilling at the Gwalia mine increased mineral resources by 515,000 ounces of contained gold below 1,640 mbs. The deposit remains open at depth.

INVESTING IN EXPLORATION

• 4,500 km² of prospective land around Australia
• 10 target areas planned to be drilled in FY12³

ST BARBARA’S GROWTH FOCUS FOR FY12 IS:

• Drilling priority targets for potential discoveries within the Company’s 4,500 km² of tenements across Australia;
• Completion of haulage optimisation and plant expansion studies for Leonora Operations;
• An ongoing review of value accretive opportunities in Australia and SE Asia.

Notes

(1) Refer to the Ore Reserves and Mineral Resources Statements elsewhere in this report for full details.

(2) 2007-2010 restated for 1 for 6 share consolidation completed Nov 2010.

(3) Actual number drilled subject to results during year.