an improvement, page-11

FY10 outlook
• Cash at 30 June 2009 $78 million (includes
$24m cash backing of bank guarantee facility)
• Factors impacting June 2010 cash
forecasts
– Lower 2010 forecast gold production from
Southern Cross Operations (-40koz) as
projects deferred pending further evaluation
– Gwalia production deferred impacting FY10
(-30koz)
– Cash flow to be directed to Gwalia mine
development for long term growth
• St Barbara has sufficient funds for FY 10
operating and capital expenditure
• Forecast cash for June 2010 not sufficient
to cover potential full redemption of the
convertible notes (currently A$77.1m) on
4 June 2010
• June 2010 cash position is challenging
and made more difficult by
– Inability to arrange normal working capital and
environmental bond guarantee facilities in the
current economic climate
– Potential for WA Government to lift moratorium
on environmental bond rate increases from Dec
09
– Gold price volatility risk