St Barbara Provides Ore Reserves and Mineral Resources Statements for Simberi Gold Mine as at 31 December 2019
02/03/2020 9:33AM
St Barbara Provided ore reserves and mineral resources statements for Simberi Gold mine as at 31 December 2019. The previous publicly reported Proved and Probable Ore Reserve Estimate reported at 30 June 2019 was 26,086,000t @ 2.0 g/t Au containing 1,687,000oz of gold. This has increased by 486,000oz of gold to 34,321,000 t @ 2.0 g/t Au containing 2,173,000oz of gold. Simberi Ore Reserves increased after mining depletion, primarily due to increased drill density in Sorowar (converting inferred material to indicated and measured), a higher gold price (US$1,300/oz at 31 December 2019 compared with US$1,250/oz at 30 June 2019) and revised pit designs. The cut‐off date for data used in this revision of Mineral Resources was 10 January 2020.31 Dec 2019 Simberi Ore Reserves and Mineral Resources(Requires Adobe Acrobat Reader)
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