Photo credit: St Barbara
According to St. Barbara's last quarterly report, the company's Simberi facility in New Ireland is doing well with the pre-investment phase of their sulphide project.
“The pre-investment phase is advancing well, with initial new fleet purchases completed and the front-end, engineering and design (Feed) study package awarded and on track for delivery in the third quarter of the next financial year,” the company said.
“The final investment decision remains a third quarter of next financial year as well.
“Concentrate sale and purchase agreements for the majority of the life of mine gold concentrate have been finalised with a number of global trading companies, subject to a satisfying standard conditions precedent of a positive investment decision by the board and the project achieving commercial production.”
The Conservation and Environmental Protection Authority is reviewing the social and environmental impact statement, according to the corporation.
“The two addendums relating to further trials and testing of waste rock management and the deep sea tailings placement (DSTP) footprint were submitted during the quarter.”
Reference: The National (28 October 2021). “Project phase going well: Firm”.
