St Barbara (ASX:SBM) confirms plans to complete FY21 work on the Horn Island JV

Company News

by Rachael Jones

Advanced gold explorer, Alice Queen (ASX:AQX) is pleased to announce its joint venture partner St Barbara (ASX:SBM) has confirmed plans to complete a FY21 work program on the Horn Island JV, located in the Torres Strait, North Queensland.

Following up on the success of the recently completed FY20 exploration program and meeting minimum expenditure requirement of $500,000, a staged FY21 work program with expenditure of up to $2 million will focus on drill testing two high priority targets near the Horn Island gold resource.

Alice Queen is continually monitoring Covid-19 restrictions for the state of Queensland and will provide further guidance on the timing of the FY21 Horn Island JV work program.

Shares in St Barbara (ASX:SBM) are trading flat at $3.16.


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.