St. Barbara Ltd. (AU:SBM) has released an update.
St. Barbara Ltd. has reported a substantial 40% increase in Ore Reserves to 2.8 million ounces at their Simberi Operations, following a successful drilling campaign and resource reclassification. The upgrade, which also saw a 5% rise in Mineral Resources to 5 million ounces, is set to solidify the company’s 10 Year Plus Mine Plan Outlook. Their next phase will focus on expanding the Mineral Resource base, with a 9000-meter diamond drilling program planned for FY25.
For further insights into AU:SBM stock, check out TipRanks’ Stock Analysis page.
