Saracen Mineral : Diggers & Dealers Presentation

FUTURE PROOFING OUR BUSINESS

RALEIGH FINLAYSON

MANAGING DIRECTOR

ASX GOLD PRODUCER

Diggers & Dealers Mining Forum

7th August 2019

Mind the Gap

• 68 first year Curtin Engineering students embarked on a Mining Camp to Kalgoorlie in August 2018, with 8 students interested in a Mining Engineering career pre-camp…
• …32 enrolled post camp, camp happening again in 2019
• More information on the 2018 camp watch the Today Tonight clip -https://vimeo.com/351831312?ref=em-share

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Mind the Gap

 WA School of Mines looking for industry support to run at least 4 camps (200 students) from 2020 onwards…

 …we need your help…

 …if you would like to get involved, as a sponsor, host or in-kind…

 Contact :-

[e-mail]

 Saracen committed…

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Corporate Overview

Key metrics (ASX:SAR)

Shares on issue	831.4m
Share price	A$4.45
Market cap	A$3.7b	At 6 Aug
		2019
Liquidity	30-day ADV 7.6m shares
Major indices	ASX200, GDX/GDXJ, MSCI Small cap
Cash, bullion, investments	A$154m
Debt	Nil	At 30 Jun
		2019
Hedging	419koz @ A$1,840/oz
Safety - LTIFR	0.8 (v industry average 1.9)
Mineral Resources	9.2 Moz	At 30 Jun
Ore Reserves	3.3 Moz	2019

Board
Non-Executive Chairman	Tony Kiernan
Managing Director	Raleigh Finlayson
Non-Executive Director	Martin Reed
Non-Executive Director	John Richards
Non-Executive Director	Dr Roric Smith
Non-Executive Director	Samantha Tough
Executive
Chief Financial Officer	Morgan Ball
Chief Operating Officer	Simon Jessop
Corporate Development Officer	Troy Irvin
Chief Geologist	Daniel Howe
People, Culture and Communications	Marianne Dravnieks

Ownership - Geographic

			0.3%
				17%
									Institutional - Australia
2%
										Institutional - North America
								40%
											Institutional - UK
	3%
												Institutional - Europe (ex-UK)
												Institutional - Asia
	6%
												Institutional - Other
				32%							Retail

Ownership - Substantials

			12.1%
							Van Eck Global
				9.2%				BlackRock Group
								Others
					4
	78.7%

Australian dollars converted at an exchange rate of A$0.70 per US$1

The growing Australian gold stock

• We demand safety and production
• • Improved safety - LTIFR 0.8 30 June 2019 (v 1.9 WA gold average), more to do…
  • More production - Long life 400koz pa outlook, 100% in Reserves
  • …from two simple growing Australian operations - Carosue Dam and Thunderbox
• FY20 group guidance - 350-370,000ozat AISC of A$1,025 - A$1,075/oz
• More cash flow - Cash, bullion and investments of A$154m, no debt
• More profit - December H A$43m, June H A$47-50m (unaudited)
• More Reserve growth:
• • All mines open, shallow, and with grades increasing at depth
  • Reserves 3.3Moz* at 30 June 2019 …~80% within 500m of two processing centres
  • Outstanding drill results bode well for 4Moz** target within next 4 years

*Please refer to the ASX releases dated 1st August 2019 - "Reserves grow 32% to 3.3Moz, underpinning long life 400kozpa".

** Forward looking Ore Reserve growth is an aspirational target only and is not an estimate of current Ore Reserves. The potential quantity is conceptual in nature, and it is uncertain if further exploration will result in achieving this target.

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