100% mit Gold. --> St Barbara Mines (Seite 664)

[confidential]

@ all

hier zunächst der langfristige Gold-Kanal


]


und nun das aktelle Geschehen am oberen Rand des Kanals

]

gruß, confi

[confidential]

[posting]19.167.903 von austin_power69 am 06.12.05 09:30:43[/posting]@ austin

das Problem scheinen mir hohe Abbaukosten zu sein (415USD/unze), da tief gearbeitet werden muß, auch in Gwalia.

Sollte Gold wieder in seinen Trendkanal eintauchen, sind 400USD bald erreicht - mit entsprechenden Auswirkungen auf St. Barbara. Bleibt Gold allerdings über den 500, sieht die Welt für die Aktie natürlich gut aus.

gruß, confi

[austin_power69]

dürfte die nächsten Tag eh gut abgehen, da auch z.B. "DER AKTIONÄR" den Wert entdeckt hat und morgen über ihn in der neuen Ausgabe berichtet.

[Zockii]

...Gemessen an den Gold-Reserven sei St. Barbara Mines neben Moto Goldmines das Unternehmen mit dem größten Wachstumspotenzial...

so so...

[Conman0]

danke, scheint nicht schlecht zu sein

[austin_power69]

Für infos über die Bestände:

www.stbarbara.com.au/page.php?page=82

[austin_power69]

Corporate Profile

St Barbara is an Australian gold producer, founded in 1969 and presently based in Perth, Western Australia.



The Company is listed on the Australian Stock Exchange (ASX) and Alternative Investment Market (AIM) of the London Stock Exchange (ticker symbol SBM). The Company is also a founding member of the Australian Gold Council.



The Board comprises of a non-Executive Chairman, Mr Colin Wise, three non-Executive Directors and the Managing Director/CEO. The senior executives of the Company have extensive experience in all aspects of gold and base metal exploration, development and mining.



The prime objective at the beginning of the 2004/05 year was to re-establish the integrity and credibility of the Company with its shareholders, investors, employees, consultants, contractors and suppliers and the communities in which the Company was operating.

For this to occur it became clear that to start the process the Company’s 54.8% interest in NuStar Mining Corporation Limited (“NuStar”) and the 5% royalty over NuStar’s Paulsens gold deposits needed to be sold to refinance the Company and to repay the substantial debts which had been previously incurred. The sale of our interest in NuStar occurred in several stages during November 2004 through to February 2005 and resulted in the Company becoming debt free.

During this time, the gold division of Sons of Gwalia Ltd (Administrators Appointed) (“SGWGD”) became available for possible acquisition. In conjunction with expert consultants a comprehensive and disciplined assessment of the assets was undertaken. The thoroughness of our preparation together with the financial support of our largest shareholder Resource Capital Funds enabled the Company to bid for the assets and successfully close the purchase in a short period of time.

The purchase of the SGWGD assets enabled the Company to re-establish itself as a gold producer and provides the opportunity to explore the well endowed Southern Cross, Leonora and South Laverton areas of the Eastern Goldfields, which will complement the Company’s long held home base at Meekatharra in the Murchison Goldfields.

Cashflow from the operations at Southern Cross, the sale of surplus assets and the planned divestment of non-core land holdings will support the planned corporate and exploration activities of the Company in the year ahead.

Having established a more secure financial footing for the Company, the job ahead is to:

*
Extend the mine life of the Southern Cross operations beyond June 2006 and further explore the region;
*
Seek to establish a mining inventory at Tarmoola and Gwalia Deeps with a production commencement target of the December 2007 quarter;
*
Evaluate the possibility of recommencing gold production at Meekatharra;
*
Explore for nickel sulphides particularly in the Leonora and Southern Cross regions; and
*
Identify and seek to acquire other opportunities.

Gold production at Southern Cross for the 2006 year is on target to achieve our forecast of 150,000 ounces at a cash cost of $415 per ounce.

Drilling of the high grade shoots at Marvel Loch to define a mining inventory down to a vertical depth of 500 metres below the surface is underway. Earlier drilling has already established that the gold mineralisation extends to that depth but is of insufficient density to outline reserves. To extend the mine life beyond June 2006 it is the conceptual aim to define at least 1.2 million tonnes at 6.0g/t for 230,000 ounces from within the current indicated and inferred resources of 4.2 million tonnes at 4.5g/t of gold for 610,000 ounces. The reported drilling results since July 2005 suggest this is achievable. Production to support the Marvel Loch underground operation is projected to be sourced from open pit mining at Hercules. The Company will also seek to reopen Yilgarn Star and pursue discoveries on the basis of the comprehensive geological reassessment that has been completed of the Southern Cross region.

The famous Sons of Gwalia Mine which has historically produced 5 million ounces to a depth of 1,075 metres and the well known Tarmoola Mine (35 kilometres to the north of Leonora) which has historically produced 1.7 million ounces still have resources of 7.2 million tonnes at 7.3g/t of gold for 1.7 million ounces and 56 million tonnes at 1.2g/t of gold for 2.2 million ounces respectively for a total of 3.9 million ounces. This is a substantial inventory particularly with a rising gold price.

Deep drilling is underway at Gwalia to complete the drilling conducted during 2001 to seek to improve the status of the current inferred resources to indicated resources.

The geology of the Gwalia gold mineralisation is well understood as a result of the mining activity extending over more than 100 years.

The Gwalia Deeps inferred resources starts at a vertical depth of 1,100 metres; thus a number of other issues need to be addressed in conjunction with drilling. A Task Force of geologists, resource modelers, mining engineers, metallurgists and geotechnical specialists has been established to address the geology, geotechnical, mine planning, hydrology, metallurgy and project development schedules with the objective of defining a mining inventory by March 2006, and a timetable for future development.

Gwalia Deeps ore in concept would be processed at Tarmoola and be blended with the ore from Tarmoola.

Modern day mining at Tarmoola produced 1.7 million ounces. There is now an opportunity for the first time in nearly a decade, unhindered by production pressures and mining equipment movements, to take an overall view of the gold mineralisation which incurs in granite and ultramafics at Tarmoola.

The gold mineralisation is located at a major structural position adjacent to the Keith Kilkenny lineament which is a very favourable location in the Eastern Goldfields for hosting substantial mineral deposits.

The Tarmoola pit is two kilometres long and up to 250 metres deep. A wall failure on the northern side of the pit in February 2004 ultimately led to the closure of Tarmoola in September 2004. The current drilling is focusing on the western and south western flanks of the pit where, previous drilling had intersected gold associated with fractures in the granite.

Resource modeling is now in progress and for the first time is treating the entire Tarmoola deposit as one, rather than as previously consisting of nine separate components.

The Company’s objective is to develop a mining inventory from Gwalia Deeps and Tarmoola that can produce initially 250,000 ounces per year commencing in the December 2007 quarter, and 400,000 ounces per year when fully developed by 2011.

A separate Task Force to assess all aspects of the potential future redevelopment of Tarmoola has also been established with the objective of outlining a reserve by March 2006 and a timetable for future development.

Successful drilling at Paddys Flat and Reedys, Meekatharra has resulted in an increase in 100% owned resources to 1.6 million ounces. A co-venturer has also increased resources at Bluebird and Surprise to 690,000 ounces subsequent to the end of the financial year, for a total Company resource at Meekatharra in excess of 2.2 million ounces. The possibility of recommencing gold production from the Company’s 100% owned Paddys Flat and Reedys and/or in conjunction with Mercator Gold plc at Bluebird and Surprise is to be further investigated. Importantly, the Company retains full ownership of the Bluebird processing plant and associated infrastructure such as power station, tailings dams, water, housing in Meekatharra and fly-in fly-out accommodation.

Nickel sulphide exploration has commenced on the Company’s tenements particularly in the Leonora region which is transected by the geologically important Keith Kilkenny lineament, which has Cosmos, Leinster, and Mt Keith nickel sulphide mineralisation structurally associated with it to the north.

The Sullivans nickel sulphide target has an ultramafic unit with a strike length of some 8 kilometres.

The ultramafic occurs under a shallow cover of alluvium, and thus remains to be explored effectively. New ground electromagnetic geophysical techniques which have the ability to identify massive nickel sulphides at depth below the cover, have identified a number of anomalies at the basal contact of the ultramafic unit. This is a typical target location for massive nickel sulphides. The Company’s other nickel sulphide opportunities will be progressively advanced to the drilling stage during the year ahead.

The strategy is to build up a portfolio of nickel sulphide properties either through conceptual research, joint venturing into properties held by others or acquisition. Worldwide demand for nickel remains strong, which is reflected in the current prices, and supports the strategy of an aggressive approach to nickel sulphide exploration.

To conduct the mining and exploration activities effectively requires the maintenance of a safe workplace. Management and staff have achieved an acceptable safety performance and regime, which will continue to require a dedicated and disciplined effort to maintain and improve on current performance levels.

Rehabilitation of the mined areas and management of the environmental performance bonds is a major focus of the Company’s efforts. Environmental matters and issues have been elevated in importance as part of future planning.

In conclusion, to continue to re-establish and maintain the credibility and integrity of the Company will require a dedicated effort. A three year plan encompassing the SGWGD acquisition is being followed while a longer term five year plan is being developed. The Company is striving to achieve exploration success at Southern Cross, Leonora and Meekatharra, and its planned strategy is to redevelop those assets to enable the conceptual production of 400,000-500,000 profitable ounces of gold per annum commencing in the December 2007 quarter, with production of 150,000-200,000 profitable ounces of gold per annum in the intervening period.

Nickel sulphide exploration will also be an important part of the future of the Company. Achievement of these objectives will require the further recruitment of senior management, graduates and skilled people to complement the existing dynamic and energetic management team.

Finally, I acknowledge the significant contribution made by senior management and all staff, with a special mention for the former SGWGD employees who have embraced our enthusiasm and energy, and for the collective efforts in helping to turn around the Company’s performance and create improved value for our shareholders.

[austin_power69]

Operations Overview

The Company’s strategic focus is build on its core production strengths and to introduce innovative and sustainable improvements to achieve measurable lifts in performance.

Sons of Gwalia Ltd Gold Division (SGWGD)

St Barbara’s purchase of SGWGD included two operating mines, one at Southern Cross and the other at South Laverton.

The Company took over management of the SGWGD operations on 28 March 2005.

Gold sales for 2005 were 83,646ozs at a cash cost of $341/oz. The forecast at the time of the purchase of SGWGD was for production of 82,000ozs at a cash cost of $415/oz.

The improved performance of the operations was due to achieving higher grades than were predicted, successful cost-reduction measures implemented by the Company, and improved mining productivity at both Marvel Loch and Safari Bore.

Operational Health and Safety

The Company’s strong focus on health and safety saw a uniformly high performance level achieved.

The specific results are detailed in the Health, Safety and Environmental Review.

Southern Cross Operations

The Southern Cross Operations are centred at Marvel Loch (30km south of the town of Southern Cross).

Prior to purchase by St Barbara, gold production had been derived from open pits at Marvel Loch and Cornishman and underground mining at Golden Pig and Marvel Loch.

Mining at Cornishman and Golden Pig was concluded during the year.

In the Marvel Loch Open Pit, a change to the mine plan in the last quarter resulted in a higher grade tonnage being extracted and mining was completed in August 2005. There are no plans to extend the life of this pit.

Two underground areas located at the northern end of the deposit were mined in the Marvel Loch underground mine in the Sherwood and Undaunted lodes.

Both Sherwood and Undaunted are being drilled for extensions which are planned to be mined commencing in the March 2006 quarter.

Development of a further stoping area at New Lode commenced towards the end of the financial year and stope production will commence in the December 2005 quarter.

Extension drilling is also underway for this lode and it is anticipated that additional production stoping will be carried out in the second half of 2006.

A new open pit is being developed at Hercules, which is located 12km south of the Marvel Loch Processing Plant, with activity commencing in August 2005.

The first stage of this pit comprises 1.1Mt at a grade of 2.1g/t for 74,000oz within the previously announced probable reserve of 180,000 ounces of gold for the whole pit.

It is planned that further development of this pit would extend operations at Southern Cross to the end of 2007 and this will be evaluated once production commences at Hercules.

The processing plant located at Marvel Loch, treated a total of 2,525,451 tonnes derived from the operating mines and stockpiled ore for the period of which 663,365 tonnes, at a grade of 2.94g/t, was processed.

Attributable gold production shipped from Southern Cross Operations during the June quarter was 53,719oz.

Forecast gold production from Southern Cross for 2006 is 150,000oz at a cash cost of $415/oz.

South Laverton Operations

Processing was completed at Carosue Dam during the last quarter of 2005, with the plant now on care and maintenance, as scheduled.

Mining operations in the June quarter were concentrated at the Safari Bore Pit which is located 70km north of the Carosue Dam plant.

A dry-hired mining fleet, managed by the Company, was used to mine the pit in the last quarter and it achieved better than expected productivities and costs.

[austin_power69]

Key Information

Share Price

Cash Balance at 30/09/05
$34.9 million (including cash backing for bonds of $12M)

Listed Shares on Issue at 28/11/05
567,389,837

Unlisted Options at 28/11/05
91,037,687 unlisted options are exercisable at various prices between 4.7¢ and 35¢ up to 23 December 2011

Number of Shareholders at 14/10/05
5,722

[austin_power69]

http://www.stbarbara.com.au/