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estimated the project components totalling 1.76 moz @ 2.4 g/t and 3.69 moz @ 1.6
could produce 1.8 g/t, respectively.
moz gold over 13 Exploration at Simberi and the acquisition of Atlantic were
years at AISC of about pivotal in St Barbara’s group reserves increasing significantly in
$US920/oz for a capex the past 12 months to 6 moz gold and 11.6 moz gold contained
of $US130-150 million in resources.
(payback of four years).
“We are very optimistic about moving along the Moose
The current mine River Corridor; we still have a great exploration portfolio and
plan at Simberi sees opportunities in interesting ground that we need to prove up,”
oxide processed Jetson said.
until FY2022, with
“I have changed the
the transition into an
internal accountability
operation that produces
for exploration and it is
sulphide concentrate
no longer a region-by-
made more appetising
region strategy. We have
by the existing airport,
a GM for exploration
power station, village
Doris Turburat at St Barbara’s and wharf to be who has a PhD in
Simberi operations, PNG leveraged from on the Geology and he has
taken a global view of
island.
where we are exploring
Meanwhile, the SAG mill at Simberi will be incorporated in a new and a primary goal of
flow sheet so that oxide and sulphide ores can be processed replenishment followed
separately. by orebody knowledge Executive general manager mining,
people, Val Madsen has been
St Barbara’s FY2020 updated ore statement indicated Simberi and then expansion
instrumental in driving diversity at
was host to 31.1mt @ 2.1 g/t gold for 2.1 moz (reserve) and and greenfields
St Barbara
91.3mt @ 1.4 g/t for 4.3 moz (resources), with the sulphide opportunities.

X-ray tomography with

fluorescence — visualising
shear hosted lode-style gold

Get in touch:
bdm@orexplore.com
+61 8 9469 2900
orexplore.com

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