• Gold sales of 11,712 ounces at average price of A$4,116/oz
• Gold production of 10,262 ounces due to operational challenges
• Cash, gold and investments totalled A$249.0 million at quarter-end

St Barbara Ltd has provided a preliminary update on its gold sales, production, cash and liquid investments for the December 2024 quarter (Q2). Gold sales for the quarter totalled 11,712 ounces at an average sale price of A$4,116 per ounce, including 1,256 ounces sold from ongoing clean-up gold recovery work from the Touquoy processing facility. Gold production for the quarter totalled 10,262 ounces, which was lower than anticipated due to a number of operational challenges at the Simberi mine, including processing throughput issues, poor grade reconciliation, and truck fleet availability problems. As a result, the company now expects FY25 production to be at the lower end of its 65,000 to 75,000 ounce guidance range. However, additional ounces are expected to be recovered and sold from the Touquoy processing facility in the second half of FY25. Cash, gold on hand and listed investments at the end of the quarter totalled A$249.0 million. The company continues to have no bank debt and no hedging. The company anticipates issuing its full Quarterly Report in the last week of January 2025.

Production guidance of 65,000 to 75,000 ounces for FY25 is not changed, but is now expected to be at the lower end of the range.

Improvement in second half gold production performance is expected to be underpinned by higher grade ore sources, the installation of a new MMD Sizer crusher, and the delivery of new excavators and additional trucks.