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St Barbara Limited (ASX:SBM)

ALERT: Price-sensitive ASX Announcement for SBM
Current share price for SBM : $0.655 0.17 (35.05%)+
Announcement
Release
5 Aug 2026 8:20AM
Price at Release
$0.485
Full Release
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Summary
St Barbara Limited has intensified its exploration activities in Nova Scotia, increasing its budget by 64% from A$2.5 million in FY26 to A$4.1 million in FY27. The exploration team has doubled, with plans for further expansion in FY28. Key projects include extensive drilling, geophysical surveys, and a comprehensive gold prospectivity study across the Meguma Terrane. The focus is on expanding known resources and discovering new targets within a 75 km radius of the proposed 15-Mile Processing Hub, aiming to extend the operational life beyond 11 years.
Key Points
  • St Barbara has increased Nova Scotia exploration spending by 64% in FY27.
  • The exploration team has doubled in size with further expansion anticipated for FY28.
  • Key work programs include extensive drilling and geophysical surveys.
  • A gold prospectivity and targeting study will cover over 40,000 km² across the Meguma Terrane.
  • The focus is on expanding resources and identifying new targets around the 15-Mile Processing Hub.
  • The 15-Mile Processing Hub has 46 initial exploration targets within a 75 km radius.
  • Current exploration targets are prioritized and ranked to assist future exploration efforts.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.