Atlantic - Minister’s response to in-pit tailings environmental
assessment
St Barbara Limited (“St Barbara” or the “Company”) (ASX: SBM) has received requests for information from the Nova Scotian
Minister of Environment and Climate Change in response to the environmental assessment of the proposal to deposit tailings into
the Touquoy open pit.
As stated in the Q2 Quarterly Report released to the ASX on 25 January 2023, any delays in approvals to in-pit tailings would
trigger cessation of production early in FY24.
In the Company’s view, compilation of the information required to answer the Minister’s questions would indeed take more time
than is available before capacity of the existing tailings management facility is reached in early FY24. As a result, the Company
anticipates placing the operations into care and maintenance at that time.
The Company will continue to engage with the Nova Scotian government.