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St. Barbara ( (AU:SBM) ) has issued an announcement.
St Barbara Limited has announced the completion of its FY25 resource definition, exploration, and sterilisation drilling program at the Simberi Operations in Papua New Guinea, comprising 61 drill holes over 10,463.5 meters. The latest assay results reveal significant high-grade gold mineralisation below the Samat and Sorowar open pit sulphide Ore Reserves, indicating potential for additional high-grade sulphide resources. This development is expected to enhance the company’s resource base and strengthen its position in the gold mining sector.
The most recent analyst rating on (AU:SBM) stock is a Buy with a A$0.28 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 mining industry, primarily focused on gold exploration and production. The company is listed on the Australian Securities Exchange (ASX: SBM) and conducts significant mining operations in Papua New Guinea.
Average Trading Volume: 6,898,417
Technical Sentiment Signal: Hold
Current Market Cap: A$314M
Find detailed analytics on SBM stock on TipRanks’ Stock Analysis page.