St Barbara (ASX:SBM) and Australian Potash (ASX:APC) JV earn in

Company News

by Katrina Bullock

St Barbara (ASX:SBM) has paid $1.75 million to fulfil its expenditure obligation under the first earn-in period for the Lake Wells Gold Project joint venture with Australian Potash (ASX:APC).

St Barbara is also reimbursing $318,000 of drilling expenditure already incurred by Australian Potash.

St Barbara will now proceed to the second earn-in period, under which it will contribute $3.5 million to earn up to a 70 per cent interest in the Lake Wells Gold Project tenements.

Shares in St Barbara (ASX:SBM) are trading 0.9 per cent higher at $2.73.

Katrina Bullock

Finance News Network
Katrina is a respected TV journalist, as well as a renowned presenter and award winning lawyer. She holds a Bachelor of Laws (Honours 1st class, division 1), a Bachelor of Business (with Distinction) and is currently undertaking a PhD in Law focused on stock exchange disclosures and corporate governance. She began her career as a corporate lawyer in an Australian top tier commercial law firm and is currently the General Counsel of Greenpeace Australia Pacific. In 2020 Katrina was named one of the 30 best lawyers in Australia under 30 by Lawyer's Weekly.