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St Barbara Provides Ore Reserves and Mineral Resources Statements

23 Aug 2017  |  09:23:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: 30 June 2017 Ore Reserves and Mineral Resources Statements

St Barbara provided ore reserves and mineral resources statements. The Company's Ore Reserves and Mineral Resources have increased above net depletion primarily as a consequence of resource extension drilling at Gwalia. Extension drilling is continuing and the additional reserves will be included in an updated Life of Mine plan that is anticipated to increase mine life past 2024. The outcome of this planning work will be available in FY18 Q2. At Simberi, Ore Reserves have reduced marginally after mining depletion, however, a reduction in operating costs benefitted reserve estimation for this cycle. The additional oxide reserves allow Simberi's oxide operation to extend a further year.

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