InvestSMART

St Barbara Limited (ASX:SBM)

ALERT: Price-sensitive ASX Announcement for SBM
Current share price for SBM : $0.460 -0.045 (-8.91%)+
Announcement
Release
10 Dec 2025 3:23PM
Price at Release
$0.505
Full Release
download
Summary
St Barbara Limited has entered into a strategic agreement with Lingbao Gold Group, which involves a transaction where Lingbao will acquire a 50% interest in St Barbara Mining Pty Ltd (SBML) for A$370 million. This transaction will result in SBML holding an 80% interest in the Simberi Gold Project, with Kumul Mineral Holdings Ltd acquiring the remaining 20% for A$100 million. This partnership aims to de-risk and accelerate the Simberi Expansion Project, with completion targeted for Q3 FY26. The agreement is contingent upon regulatory approvals and the completion of certain conditions precedents.
Key Points
  • Lingbao will pay A$370 million for a 50% stake in SBML.
  • SBML will hold 80% of the Simberi Gold Project.
  • Kumul will acquire 20% of the Simberi Gold Project for A$100 million.
  • The transaction aims to de-risk and accelerate the Simberi Expansion Project.
  • Completion is targeted for Q3 FY26, subject to regulatory approvals.
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.