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St Barbara Limited (ASX:SBM)

ALERT: Price-sensitive ASX Announcement for SBM
Current share price for SBM : $0.445 -0.27 (-37.76%)+
Announcement
Release
11 Feb 2026 8:20AM
Price at Release
$0.715
Full Release
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Summary
St Barbara Limited announced significant progress on the completion of the Simberi transactions with Lingbao Gold Group and Kumul Mineral Holdings. The company aims to conclude both transactions by 31 March 2026, aligning with the Final Investment Decision on the New Simberi Gold Project. To expedite these processes, St Barbara has waived the requirement for shareholder approval after receiving supportive legal advice. The mining lease extension for the project was approved in January 2026, and four of the required agreements were executed by December 2025, with one still in progress.
Key Points
  • St Barbara Limited is progressing with the Lingbao and Kumul transactions related to the New Simberi Gold Project.
  • The completion of these transactions is targeted for 31 March 2026.
  • St Barbara has waived the requirement for shareholder approval based on legal advice.
  • Four agreements are executed as of December 2025 with the fifth in progress.
  • The mining lease extension for Simberi is approved until 2038 as of January 2026.
  • The Final Investment Decision for the New Simberi Gold Project is planned for 31 March 2026.
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.