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St Barbara Limited (ASX:SBM)

ALERT: Price-sensitive ASX Announcement for SBM
Current share price for SBM : $0.665 0.08 (13.68%)+
Announcement
Release
7 Aug 2026 5:03PM
Price at Release
$0.585
Full Release
download
Summary
St Barbara Limited issued a retraction and updated announcement regarding their exploration activities in Nova Scotia. The company initially published historical surface sample exploration results which have been retracted following consultation with the ASX, as they did not comply with certain listing rules. They plan to provide a comprehensive set of results and diagrams in the future. Additionally, St Barbara announced an increase in their exploration budget by 64% from A$2.5 million in FY26 to A$4.1 million in FY27, along with a doubling of their exploration team. The exploration efforts focus on several targets within a 75 km radius of the proposed 15-Mile Processing Hub Project, entailing extensive drilling and geophysical surveys to extend the mine life and identify new gold targets.
Key Points
  • Retraction of historical exploration results due to non-compliance with ASX listing rules.
  • Amended announcement to be issued with compliant historical exploration data.
  • Exploration budget increased by 64% in FY27, reaching A$4.1 million.
  • Doubling of exploration team size in Nova Scotia.
  • Plans for up to 105 drill holes in FY27, targeting several key areas.
  • Geophysical surveys and structural studies planned to aid drill targeting.
  • Focus on extending the 15-Mile Processing Hub Project's mine life and identifying new exploration targets.
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.