Interim report
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Quarterly Report Q1 September FY22 ( 3 months to 30 September 2021 ) Highlights Q1 September FY22¹ Group gold production of 67,000 ounces Leonora gold production up 15 % quarter - on - quarter to 51,757 ounces Group All - In Sustaining Cost ( AISC ) 8 % lower quarter - on - quarter at A $ 1,492 per ounce Aspiration - New Open Pit at Trevor Bore by 2024 with drill results of 7 m at 10.5 g / t Au , incl . 1 m at 44.5 g / t Au Drilling at the Trotsky prospect at Simberi has identified additional oxide mineralisation Syndicated financing agreement A $ 200 million and C $ 100 million extended to July 2025 Overview Sufficient near surface high grade intercepts at Trevor Bore , within the Leonora Province , have been identified for planning to commence on a potential new open pit only 25 km from the Gwalia processing plant . This will be the first 100 % owned new open pit to help fill the mill , with multiple other opportunities in the exploration pipeline . Drilling at Simberi at the Trotsky prospect has identified additional oxide material to extend the operating life before the conversion of the processing plant to sulphide treatment . Investment in development rates in FY21 are beginning to pay dividends at Leonora with production increasing 15 % quarter - on - quarter . Overall gold production was down quarter - on - quarter as the Simberi operations remained offline , while work progressed on repairing the Deep - Sea Tailing Placement ( DSTP ) pipeline . The processing facility is expected to be brought back into production by the end of Q2 Dec FY22 . Production Summary Group TRIFR² Gold Production All - In Sustaining Cost Gold Sold Realised Gold Price mhrs koz A $ / oz koz A $ / oz Q1 Sep FY21 3.1 73 1,711 66 2,171 Q2 Dec FY21 3.3 90 1,517 99 2,126 Group All - In Sustaining Cost for the September quarter was 8 % lower at A $ 1,492 per ounce compared to the prior quarter , predominantly due to increased gold production from Leonora . " Exploration at both Leonora and Simberi have yielded strong results in the last quarter demonstrating the upside in our brownfield portfolio . I have set the aspiration of a new open pit commencing operation at Trevor Bore in 2024 , This is the first step in delivering on our Leonora Province Plan . " said Mr Craig Jetson , Managing Director and CEO . St Barbara Total cash at bank on 30 September 2021 was A $ 42 million ( 30 June 2021 : A $ 133 million ) , after net investments of $ 21 million , dividend payments of $ 13 million , growth capex of A $ 11 million , income tax payments of $ 10 million , project costs of A $ 4 million and exploration expenditure of A $ 4 million . Total debt owing under the Company's syndicated facility on 30 September 2021 remains at C $ 80 million . Q3 Mar FY2 3.7 82 1,649 71 2,247 Q4 Jun FY21 3.9 83 1,623 96 2,336 Year FY21 3.9 328 1,616 333 2,221 Q1 Sep FY22 3.6 67 1,492 58 2,408 1 This report uses certain Non - IFRS measures as set out on the last page of this report . Unless otherwise noted , information in this report that relates to Mineral Resources or Ore Reserves is extracted from the report titled ' Ore Reserves and Mineral Resources Statements 30 June 2021 ' released to the ASX on 26 August 2021. This report has not been audited . 2 Total Recordable Injury Frequency Rate rolling 12 - month average , mhrs - injuries per million hours . Page 1 of 37