InvestSMART

St Barbara Limited (ASX:SBM)

ALERT: Price-sensitive ASX Announcement for SBM
Current share price for SBM : $0.438 -0.148 (-25.21%)+
Announcement
Release
24 Dec 2025 8:18AM
Price at Release
$0.585
Full Release
download
Summary
St Barbara Limited announced that a deposit of A$32 million has been received from Lingbao Gold Group as part of a strategic investment in the Simberi Gold Project. This deposit will be held in escrow and will contribute towards a A$370 million subscription amount for Lingbao to acquire a 50% ownership in St Barbara Mining Pty Ltd. This subsidiary will hold an 80% interest in the Simberi Gold Project post-completion. The transaction is aimed to be completed in alignment with a Final Investment Decision for the Simberi Expansion Project, expected in the third quarter of the fiscal year 2026.
Key Points
  • A$32 million deposit received from Lingbao Gold Group.
  • Deposit is for the strategic investment in Simberi.
  • A$370 million subscription for 50% of St Barbara Mining Pty Ltd.
  • St Barbara Mining Pty Ltd will own 80% of Simberi post-transaction.
  • Transaction completion targeted for Q3 FY26 with Simberi Expansion Project decision.
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.