Profile
St Barbara is an Australian gold producer and mineral explorer. St Barbara’s key assets include its Southern Cross and Leonora operations, both of which are located in Western Australia, Mineral Resources of 10.1 million ounces of gold including Ore Reserves of 2.3 million ounces of gold as well as an extensive landholding comprising granted tenements and tenement applications of approximately 18,000 square kilometres.
The Southern Cross operations comprise the Marvel Loch 2.4 Mtpa processing facility, the Marvel Loch underground mine, nearby open pit operations and other development opportunities. The Southern Cross operations have produced between 155,000 -171,000 ounces for each of the last three years.
The Leonora operations comprise the Gwalia 1.2 Mtpa processing plant, Gwalia underground mine development and other open pit and underground development opportunities. Leonora operations will commence gold production in the September quarter 2008.
St Barbara’s vision is to become a 1 million ounce per annum gold producer and to have Ore Reserves of 10 million ounces of gold. Achieving this growth requires St Barbara to focus on:
• exploration success at Southern Cross and Leonora;
• continued conversion of Mineral Resources to Ore Reserves at Southern Cross and Leonora;
• expanding gold production at Southern Cross and Leonora;
• consideration of gold production from Tarmoola; and
• acquisitions of gold producing assets, capable of producing a minimum of 100,000 ounces per annum.
The Marvel Loch underground mine together with the development of Gwalia at Leonora, are the central building blocks to grow production.
The Company is listed on the Australian Stock Exchange (ticker symbol SBM), and is a founding member of the Australian Gold Council.
The corporate office is based in Melbourne, Victoria, with an operations support team based in Perth.
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