St Barbara Limited announced that the Definitive Mine Study for the King of the Hills gold project at Leonora, Western Asutralia, confirmed the viability of the project. The probable ore reserve from the mine plan shows 1,670 M t of 4.3 g/t of gold, containing 230 k oz gold.
St Barbara announced that the King of the Hills gold project near Leonora, Western Australia (formerly referred to as the Tarmoola higher grade, underground project) has been approved for development. Gold production is planned at the rate of 65,000 ounces per annum over 3.5 years following a 12 month ramp up period, and is expected to commence in the June quarter of 2011.
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