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ST BARBARA LIMITED Fund Information / Factsheet 2003
65749_rns_2003-09-25_79c5ec24-1b9c-4574-a035-1630b37a001a.pdf
Fund Information / Factsheet
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ST BARBARA MINES LIMITED
ACN 009 165 066
$\overline{ASX}$ SHAREHOLDERS REPORT
Enquiries regarding this report may be directed to:
Stephen W. Miller
Executive Chairman Telephone $(08)$ 9476 5555 Overseas +61 8 9476 5555 $\alpha r$ Colin G. Jackson Investor Relations Telephone 0417 929 107
St Barbara Mines Limited Level 2, 16 Ord Street West Perth Western Australia 6005 Telephone (08) 9476 5555 Overseas +61 8 9476 5555
Dollar values in this report are Australian dollars unless otherwise stated.
Paddys Flat Development - Prohibition zones confirmed
Drilling, primarily designed for geotechnical, resource model validation and metallurgical testwork purposes, has validated the geological model constructed and recorded intercepts better than predicted by the model.
The Paddys Flat development plan envisages a conventional 5 metre x 4.5 metre decline development to exploit a resource of 635,000 tonnes at 8.0 g/t for 162,500 ounces. The majority of the decline and lateral development is positioned in the competent banded iron formation host of the Prohibition orebody.
As an integral component of the definitive planning process, three holes have been completed into Prohibition principally to finalise mining, and process design parameters for the partially refractory ore.
The current Prohibition resource extends 70 metres vertically and 100 metres in a southerly down plunge direction below the 120 metre deep open pit. Intersections recorded to date (shown in the attached diagram and table) are on average 20 percent higher in gram-metres than model predictions.
A 13 hole (4,400 metre) RC drill programme down plunge is planned for October 2003.
Notwithstanding that these results need to be fully evaluated, the potential for a technically and economically viable operation at 30,000 tonnes per month remains on plan for the 2004/05 production schedule.
Stephen W. Miller Executive Chairman
26 September 2003
Prohibition Underground Project
Section facing north
ST BARBARA MINES LIMITED
ACN 009 165 066
Drill Results
| Hole No. | Depth(metres) | Intersection(metres) | Grade(g/t) | |
|---|---|---|---|---|
| PH61 | 182 | 4.0 | 4.87 | |
| 193 | 6.0 | 7.53 | ||
| 204 | 4.0 | 2.04 | ||
| 239 | 6.0 | 8.05 | ||
| PH3 | 133 | 1.8 | 4.85 | |
| 136 | 1.7 | 4.93 | ||
| 142 | 9.2 | 5.41 | ||
| 165 | 5.3 | 4.01 | ||
| 194 | 2.0 | 3.58 | ||
| 210 | 0.6 | 6.45 | ||
| PH2 | 148 | 3.7 | 5.26 | |
| 165 | 4.5 | 7.04 | ||
| 170 | 4.6 | 7.26 | ||
| 176 | 2.9 | 4.96 |
True intercepts widths approximately 80% of downhole intercept lengths.
Resources (as at 30 June 2003)
| Indicated | Inferred | |||||
|---|---|---|---|---|---|---|
| Ore body | tonnes'000 | gradeg/t | ounces | tonnes'000 | gradeg/t | ounces |
| Prohibition | 257 | 6.4 | 52,900 | 51 | 5.9 | 9,700 |
| Vivians/Consols | 154 | 9.2 | 45,300 | 173 | 9.9 | 54,600 |
Project total (indicated and inferred) 635,000 tonnes at 8.0 g/t (162,500 ounces)
Information in this report relating to ore resources conforms to the reporting requirements of the Australasian Code for Reporting of Identified Mineral Resources and Ore Reserves (The JORC Code). It is based on information compiled by Mr Graham Miller, FAusIMM, a Competent Person as defined by the Code. It is included in this report with his consent.