St Barbara Limited ('St Barbara' or the 'Company') (ASX: SBM) is pleased to announce that reverse circulation (RC) drilling has commenced at the Pinjin South Earn-In and Joint Venture ('Pinjin'), located in the Eastern Yilgarn area of Western Australia.

Exploration at Pinjin South is operated and funded by Plowden Resources Pty Ltd ('Plowden') under a A$15.6 million exploration Earn-In and Joint Venture agreement. The planned drill program comprises up to 19 RC holes for 3,000 metres. It is estimated that the program will take approximately 2 weeks to complete. The primary objective of the drilling is to test the 6 most promising gold, nickel and lithium targets defined to date. Preliminary assay results from the program are expected in Q2 FY24. Commenting on the exploration drilling at Pinjin, St Barbara Managing Director and CEO Andrew Strelein said 'The initial technical work completed by Plowden has further developed the regional geological and structural understanding of the project. This work in combination with boots on ground technical mapping, auger drilling, Induced Polarisation surveys, gold and multi-element analysis has led to the identification of over 21 gold, nickel and lithium targets. We look forward to seeing the results of the early stage drilling of 6 of the highest priority drill targets.'

Background

The Pinjin South Earn-In and Joint Venture with Plowden Resources Pty Ltd commenced on 24 December 2021 covering 7 tenements (E28/2494, E28/2264, E28/2447, E28/2234, E28/2327, E28/2446, E28/2313) for 528 km2. The tenements are located 125 km east-northeast of Kalgoorlie, 25 km southeast of Carouse Dam Gold Project (4.1 Moz Resource) and immediately adjacent to, and between, Ramelius Resources Rebecca and Roe Gold Projects (3.1 Moz combined Resource). The Pinjin South project is located within the Edjudina, Linden and Murrin Domains of the Kurnalpi Terrane which comprises a series of thin linear north-north westerly bounded domains of dominantly mafic-felsic volcanic and volcaniclastic sequences. The Project is interpreted to lie along the southern portion of the Laverton Tectonic Zone, a well-endowed regional scale shear/fault system. The northern portion of the Zone hosts the Sunrise, Wallaby, Lancefield and Granny Smith gold camps, having a combined gold mineral endowment in excess of 20 Moz

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