RNS Number:3942S
St. Barbara Mines Limited
24 November 2003

ASX SHAREHOLDERS REPORT



Meekatharra Joint Ventures



Two additional joint ventures with an aggregate earn-in expenditure of $6.25
million have been signed with Elara Mining Limited, taking exploration and
development activity on the large Meekatharra landbank to a three year high.

The Reedys and Polelle joint ventures will see continuation of exploration
recently conducted by Gold Fields on the Tough-Go line at Reedys and at Mulla
Mulla, where the Company outlined a preliminary inferred resource earlier in the
year.

Under the terms of the Reedys joint venture, Elara will earn a 51% interest over
two years by the expenditure of $3.25 million.  An additional 14% interest may
be earned by a further $2.0 million expenditure.  The terms of the Polelle joint
venture allow Elara to earn a 51% interest over two years by the expenditure of
$3.0 million, and an additional 14% interest by a further $2.0 million
expenditure.

In both cases, St Barbara will manage and implement the programmes from the
existing infrastructures, minimising mobilisation costs and maximising the
benefit from the established geological database.

The new Reedys and Polelle joint ventures, the recently commenced Alliance line
of lode and NOA 2 underground development joint venture, and the Company's own
Paddys Flat development programme aggregate to the most active growth programme
at Meekatharra in three years.



Stephen W. Miller
Executive Chairman



24 November 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








                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

JVEGUBDBLDDGGXS