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St Barbara Limited (ASX:SBM)

ALERT: Price-sensitive ASX Announcement for SBM
Current share price for SBM : $0.665 0.09 (15.65%)+
Announcement
Release
23 Mar 2026 8:16AM
Price at Release
$0.575
Full Release
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Summary
St Barbara Limited announced that its Simberi Operations are well stocked with diesel fuel, with sufficient reserves to cover over three months of operations, amidst global supply chain disruptions. Diesel, supplied by Puma Energy, is sourced from refineries across Asia and is used extensively for mining operations and power generation. The company is holding approximately 4.7 million litres on Simberi Island and an additional 3.5 million litres in storage within the country. The cost for the majority of these supplies has been secured at pre-conflict pricing levels.
Key Points
  • Simberi Operations are well stocked with diesel fuel.
  • Diesel supply is secure despite global disruptions in supply chains.
  • Fuel is supplied by Puma Energy, originating from refineries in Asia.
  • Simberi Operations use approximately 65,000 litres of diesel per day.
  • Current on-site diesel storage is approximately 4.7 million litres.
  • Additional storage of 3.5 million litres is located in Lae and Port Moresby.
  • Diesel stocks cover over three months of operational needs.
  • 1.8 million litres of diesel pricing to be determined by end of March 2026.
  • Majority of diesel supply costs are secured at pre-conflict prices.
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.