St Barbara Retracts Historical Sample Results, Updates Exploration Plans
Key points
- Retracted historical surface sample exploration results from previous announcement
- Investors advised not to rely on those references until further notice
- Updated exploration plans for Nova Scotia with increased budget and team size
- Key exploration activities include RC and IFRC drilling, geophysical surveys, and surface sampling
- Focus on extending known deposits and identifying new targets
Full summary
St Barbara Limited has retracted historical surface sample exploration results from its previous announcement dated 5 August 2026, titled 'Accelerating Nova Scotia Gold Exploration Activity'. The Company advises investors not to rely on those references until a full set of historical results and accompanying diagrams/maps are provided in accordance with ASX Listings Rules and the JORC Code. St Barbara has increased its exploration budget by 64% from A$2.5 million in FY26 to A$4.1 million in FY27 and doubled its exploration team size. The updated exploration plans for Nova Scotia include a RC and IFRC drill program of up to 105 holes for 4,400 m testing between five and seven targets, high-resolution UAV magnetic surveys, structural studies, and a Nova Scotia-wide gold prospectivity and targeting study covering the entire Meguma Terrane (>40,000 km2).
Guidance
FY27 exploration budget increased to A$4.1 million, exploration team size doubled
Outlook
St Barbara aims to maximize exploration opportunities in Nova Scotia by extending known deposits and identifying new targets through its updated exploration plans.
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