St Barbara Updates 15-Mile Processing Hub PFS
Key points
- Ore Reserves increased by 17% to 1.4 Moz
- Life of Mine extended to 13 years
- Initial Capital of C$289 million (A$315 million)
- Post-tax NPV of A$1,705 million at US$3,000/oz gold price
- Feasibility Study completion accelerated to Q3 March FY27
Full summary
St Barbara Limited has announced an updated Pre-Feasibility Study (PFS) for its 15-Mile Processing Hub Project in Nova Scotia, Canada. The update incorporates a revised Mineral Resource Estimate of 2.5 million ounces of gold. Key highlights include a 17% increase in Ore Reserves to 1.4 million ounces, a 13-year Life of Mine (LOM), and a 21% improvement in estimated Net Present Value (NPV) compared to the previous PFS. The Initial Capital is estimated at C$289 million (A$315 million) with All-In Sustaining Costs (AISC) averaging US$1,098 per ounce. The Feasibility Study is now targeted for completion in Q3 March FY27, with a Final Investment Decision expected in Q4 June FY27.
Guidance
Post-tax NPV of A$1,705 million at US$3,000/oz gold price
Outlook
St Barbara is well funded for the development of the 15-Mile Processing Hub Project, with an expected Final Investment Decision in Q4 June FY27.
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