St Barbara Extends Gold Exploration Targets in Papua New Guinea

St. Barbara ( (AU:SBM) ) has issued an announcement.

St Barbara Limited has announced significant findings from its exploration program on Southwest Tatau Island, Papua New Guinea. The program revealed highly anomalous gold results from soil and rock chip sampling, extending the gold anomalies to an area of 7.3 km². This discovery suggests the presence of a large hydrothermal system, enhancing the exploration potential of the area. The company plans further exploration activities, including trenching and drilling, to capitalize on these promising results.

The most recent analyst rating on (AU:SBM) stock is a Buy with a A$0.39 price target. To see the full list of analyst forecasts on St. Barbara stock, see the AU:SBM Stock Forecast page.

More about St. Barbara

St Barbara Limited is a company operating in the gold mining industry, focusing on exploration and development of gold resources. The company is actively involved in regional exploration programs, particularly in Papua New Guinea, to expand its gold resource base.

Average Trading Volume: 6,838,207

Technical Sentiment Signal: Buy

Current Market Cap: A$368.2M

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