St Barbara Limited - Strong cash balance of $294 million at end of FY23

St Barbara Limited ('St Barbara' or the 'Company') (ASX:SBM) today announces a closing cash balance of $294 million at 30 June 2023 following completion of the sale of the Leonora Assets and a strong Q4 June FY23 performance from all three operations, with final reconciled gold production expected to fall in the mid to upper end of guidance range1 Receipt of cash proceeds of $370 million from sale of Leonora Assets

Debt facility closed out with payment of $159 million

Strong operating cashflow increased the cash position by approximately $46 million Includes cash of $47 million deposited in restricted account for Touquoy security and reclamation bond The tax liability of approximately $33 million on the sale of the Leonora Assets and transaction costs of approximately $12 million were yet to be paid at 30 June 2023.

Contact:

David Cotterell

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