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St Barbara approves planned A$100M expansion of Gwalia gold mine

St Barbara Ltd. said March 27 that it has approved a proposed A$100 million expansion of its Gwalia gold mine in Western Australia.

The project involves a ventilation upgrade and paste aggregate fill and is expected to take up to three years to complete.

A detailed budget and execution plan confirmed that the project will generate robust financial returns and extend mining to at least 2,000 meters below surface in fiscal 2024, as well as provide the foundation for potential further extensions.

Should the current drill program identify sufficient resources below 2,000 meters below surface, additional infrastructure could extend ventilation from that depth to allow mining to 2,200 meters below surface, at a cost of between A$30 million and A$35 million, the company noted.