St Barbara completes Bardoc acquisition

St Barbara's Leonora operations

St Barbara has formally completed the acquisition of Bardoc Gold, extending its operations in the Leonora region of Western Australia and accelerating its Leonora Province Plan.

The completion of the milestone allows the miner access to the advanced Aphrodite and Zoroastrian underground deposits in the region. Due to their proximity to road and rail infrastructure that connect them to Leonora, the deposits are expected to become additional ore sources to support the St Barbara processing plant’s planned expansion to 2.1 million tonnes per annum.

The acquisition also includes Bardoc’s extensive land package, contributing to St Barbara’s leading position in the Leonora region.

St Barbara managing director and chief executive officer Craig Jetson said there was now a strong platform for the company to deliver further organic growth “for years to come”.

“We had previously identified that the Bardoc ore bodies are in proximity to the Kalgoorlie-to-Leonora rail line and highway, bringing them within economic haulage range of Leonora,” he said.

“In combination with our existing sites, including Tower Hill and Harbour Lights, this acquisition positions us to accelerate the delivery of a multi-decade province of satellite mines feeding an upgraded mill capable of alternating between free milling and refractory ore at Leonora.

“Importantly, our plans for the integration and development of the Bardoc deposits, as well as our other growth initiatives, will be fully funded through future operating cashflows and existing debt facilities.”

The combined Mineral Resource estimate across Gwalia Underground, Tower Hill and the refractory Harbour Lights deposit provides the foundation for the low cost expansion of the existing Leonora processing plant.

About Ray Chan

Editor of industrial titles and mastheads with Prime Creative Media. Publications include Rail Express and Australian Mining (web content).

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