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St Barbara Limited (ASX:SBM)

ALERT: Price-sensitive ASX Announcement for SBM
Current share price for SBM : $0.580 -0.01 (-1.69%)+
Announcement
Release
7 Oct 2025 10:15AM
Price at Release
$0.590
Full Release
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Summary
St Barbara Limited announced that it has secured firm commitments for an A$58 million institutional placement to support its projects, specifically at the Simberi and Atlantic sites. This placement was issued at A$0.46 per share, which is a 9.7% discount compared to the 10-day volume-weighted average price of A$0.51. The funds will be used to accelerate the expansion and conversion of Simberi's mobile fleet, finalize the Simberi Expansion Project Feasibility Study, advance growth capital items, and complete the Pre-Feasibility Study on the 15-Mile Processing Hub. The company also aims to progress the potential re-opening of Touquoy for stockpile processing. The placement received strong demand from both new and existing institutional investors and was managed by Argonaut Securities Pty Limited.
Key Points
  • A$58 million raised through institutional placement.
  • Placement issue price at A$0.46 per share, a 9.7% discount.
  • Funds to support Simberi and Atlantic projects.
  • Strong demand from institutional investors.
  • Managed by Argonaut Securities Pty Limited.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.