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ST BARBARA LIMITED Capital/Financing Update 2023
65749_rns_2023-07-11_c96d6cdd-1040-4b5e-8859-57dc64443620.pdf
Capital/Financing Update
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12 July 2023
Production update on strong Q4 June FY23 and full FY23
St Barbara Limited ("St Barbara" or the "Company") (ASX: SBM) provides the following production update for the June 2023 quarter (Q4 FY23) and full year FY23.
- Total Group gold production for FY23 of 260,368 ounces (achieving upper end of FY23 production guidance)
- Total Group gold production for the June quarter FY23 of 77,125 ounces (March quarter FY23 58,567 ounces)
- Cash balance increased to $294 million (March quarter FY23 $60 million)
| Q1 SepFY23 | Q2 DecFY23 | Q3 MarFY23 | Q4 JunFY23 | Q3 – Q4% Variance | FY23 | FY23Guidance | ||
|---|---|---|---|---|---|---|---|---|
| Atlantic | oz | 11,492 | 10,054 | 11,371 | 11,081 | (3%) | 43,998 | 40,000 – 50,000 |
| Leonora | oz | 34,078 | 32,175 | 30,942 | 40,855 | 32% | 138,050 | 130,000 – 135,000 |
| Simberi | oz | 18,130 | 18,747 | 16,254 | 25,189 | 55% | 78,320 | 70,000 – 80,000 |
| Group | oz | 63,700 | 60,976 | 58,567 | 77,125 | 32% | 260,368 | 240,000 – 265,000 |
Atlantic produced 43,998 ounces of gold for the full year, with 11,081 ounces at an average milled grade of 0.52 g/t Au for Q4 June FY23. During the quarter there was an increased proportion of ore feed accessible from medium grade stockpiles.
Simberi delivered 78,320 ounces of gold for the full year, with 25,189 ounces produced at an elevated average milled grade of 1.81 g/t Au for the quarter. Grades were higher compared to the previous quarter due to better grade ore zones that outperformed against model expectations.
Leonora finished the full year producing 138,050 ounces of gold, with 40,855 ounces produced in the quarter. Gwalia underground was able to produce from higher grade stopes that had been delayed from the previous quarter. These higher grade stopes and better grade material from development drives allowed mill throughput for the quarter of 243 kt at an average grade of 5.45 g/t Au.
Total cash at bank was A$294 million at 30 June 2023 (31 March 2023: A$60 million).
The Company intends to release its Quarterly Report Q4 June FY23, including FY23 costs to the ASX on 27 July 2023.
Authorised by
Andrew Strelein Managing Director & CEO
For more information
Investor Relations Media Relations
David Cotterell General Manager Business Development & Investor Relations
T: +61 3 8660 1959 M: +61 447 644 648
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