St Barbara has chosen to release its Ore Reserve and Mineral Resources Statements ahead of its half year financial results to enable the latest estimates to be incorporated into the Scheme Booklet for Bardoc Gold Limited which is expected to be registered with ASIC on or around 22 February 2022.

The Company's Ore Reserves have decreased by 460koz since June 30 2021, primarily as a consequence of adopting an open pit mining approach to Tower Hill and the subsequent removal of Tower Hill Underground Reserves. Ore Reserves for Tower Hill will be revised following the completion of a pre-feasibility study in Q1 FY23.

The Company's Mineral Resources have increased since June 30 2021 above net mining depletion as a consequence of the inclusion of updated Mineral Resources for Tower Hill based on a change of mining approach from underground to open pit (refer ASX Release 20 December, 2021 - 'Strategic acquistion of Bardoc Gold accelerates Leonora Province Plan')

Contact:

Chris Maitland

Tel: +61 477 120 070

The Company's Ore Reserves have decreased since June 30 2021, primarily as a consequence of the removal of Tower Hill Underground Reserves, (refer ASX Release 20 December, 2021 - 'Strategic acquistion of Bardoc Gold accelerates Leonora Province Plan'). Ore Reserves for Tower Hill will be revised following the completion of a pre-feasibility study in Q1 FY23. The Company's Mineral Resources have increased since June 30 2021 above net mining depletion as a consequence of the inclusion of updated Mineral Resources for Tower Hill based on a change of mining approach from underground to open pit (refer ASX Release 20 December, 2021 - 'Strategic acquistion of Bardoc Gold accelerates Leonora Province Plan').

JORC Code Compliance Statements

The information in this report that relates to Ore Reserves at Gwalia is based on information compiled by Mr. Kevin Oborne who is a Member of the Australasian Institute of Mining and Metallurgy. Kevin Oborne is a full-time employee of Oborne Engineering Pty Ltd and has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Kevin Oborne consents to the inclusion in the statement of the matters based on his information in the form and context in which it appears. The information in this report that relates to Ore Reserves at Simberi Operations is based on information compiled by Mr. Cameron Legg who is a Member of the Australasian Institute of Mining and Metallurgy. Cameron Legg is a full-time employee of Mining One Pty Ltd and has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Cameron Legg consents to the inclusion in the statement of the matters based on his information in the form and context in which it appears. The information in this report that relates to Ore Reserves at Atlantic Operations for the Beaver Dam, Fifteen Mile Stream and Cochrane Hill Deposits is based on information compiled by Mr. Marc Schulte who is a Member of the Association of Professional Engineers, Geologists and Geophysicists of Alberta. Marc Schulte is an associate of Moose Mountain Technical Services and has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Marc Schulte consents to the inclusion in the statement of the matters based on his information in the form and context in which it appears. The information in this report that relates to Ore Reserves at Atlantic Operations for the Touquoy Deposit is based on information compiled by Mr. Scott G. Britton who is a Registered Member of The Society for Mining, Metallurgy & Exploration. Scott Britton is a full-time employee of Mining Plus Consultants and has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Scott Britton consents to the inclusion in the statement of the matters based on his information in the form and context in which it appears. The information in this report that relates to Mineral Resources at Gwalia Deeps, Gwalia Open Pit, Harbour Lights, Simberi, Tower Hill and Touquoy is based on information compiled by Ms. Jane Bateman who is a Fellow of the Australasian Institute of Mining and Metallurgy. Jane Bateman is a full-time employee of St Barbara Ltd and has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which she is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Jane Bateman consents to the inclusion in the statement of the matters based on her information in the form and context in which it appears. The information in this report that relates to Mineral Resources at Atlantic Operations for the Beaver Dam, Fifteen Mile Stream and Cochrane Hill Deposits is based on information compiled by Mr. Neil Schofield who is a Member of the Australasian Institute of Geoscientists. Neil Schofield is a full-time employee of FSSI Consultants (Australia) Pty Ltd and has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Neil Schofield consents to the inclusion in the statement of the matters based on his information in the form and context in which it appears.

(C) 2022 Electronic News Publishing, source ENP Newswire