St Barbara undertake indepth feasilbilty study on Gwalia

Company News

by Rachael Jones

Gold company St Barbara (ASX:SBM) has completed their feasibility study for their Gwalia Mass Extraction project.

The study evaluated three main alternative haulage methods and showed that optimised trucking is the preferred option compared to either hydraulic hoisting options based on risk and return-on-capital assessments.

St Barbara Managing Director and CEO, Bob Vassie, says trucking at further depth is the superior way forward. It consumes significantly less capital while delivering greater operational certainty over the same life of mine."

The trucking option involves capex for additional ventilation and cooling of approximately $100 million over the Life of Mine.

Shares in St Barbara (ASX:SBM) closed 0.43 per cent higher at $4.65 yesterday.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.