RNS Number:1594Q
St. Barbara Mines Limited
25 September 2003


ASX SHAREHOLDERS REPORT

Private Placement

St Barbara Mines Limited advises it has entered into an agreement with Claymore
Capital Pty Ltd to place up to 12 million fully paid ordinary shares (with a
minimum of 6,250,000) at an issue price of $0.08 per share.  The allottees for
this placement will be clients of Claymore Capital Pty Ltd.

The placement proceeds will be used in relation to the Company's Paddys Flat
project and for general working capital purposes.


Stephen W. Miller
Executive Chairman



25 September 2003


Enquiries regarding this report may be directed to:

Stephen W. Miller Executive Chairman

Telephone          (08) 9476 5555
Overseas           +61 8 9476 5555

or

Colin G. Jackson
Investor Relations
Telephone           0417 929 107

St Barbara Mines Limited
Level 2, 16 Ord Street
West Perth
Western Australia    6005
Telephone           (08) 9476 5555
Overseas            +61 8 9476 5555



Dollar values in this report are Australian dollars unless otherwise stated.


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