Ore Reserves and Mineral Resources Statements as at 30 June 2021 • Group Ore Reserves increased ~4% to 6.2 Moz of contained gold, net after depletion • Group Mineral Resources increased ~13% to 13.1Moz of contained gold, net after depletion • Resource extension drilling has contributed to an increase in Gwalia Mineral Resources and Ore Reserves • Review of material type models has resulted in an increase in Simberi Oxide + Transitional Reserves
Something that has not been highlighted is the increase in Ore Reserves by 4% and Resources by 13% A massive plus for St Barbara when most mining companies have dwindling resources.
SBM Price at posting:
$1.60 Sentiment: Buy Disclosure: Held
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