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St Barbara Limited (ASX:SBM)
ALERT: Price-sensitive ASX Announcement for SBM
Current share price for SBM : $0.455 -0.12 (-20.87%)+
Announcement
Release
23 Mar 2026 8:15AM
Price at Release
$0.575
Full Release
Summary
St Barbara Limited announced updates regarding transactions with Lingbao Gold Group and Kumul Mineral Holdings Limited concerning the New Simberi Gold Project. The completion of both transactions is set for early April 2026, triggering a final investment decision on the project. Lingbao will provide St Barbara with A$370 million, inclusive of a deposit held in escrow. St Barbara's CEO, Andrew Strelein, expressed confidence in meeting the remaining conditions for the planned completion. Approvals from the People's Republic of China and Papua New Guinea have been completed, with other conditions either met or in progress.
Key Points
- Completion of Lingbao and Kumul transactions planned for early April 2026
- Final Investment Decision on New Simberi Gold Project to be triggered
- St Barbara to receive A$370 million from Lingbao
- Key regulatory approvals from China and PNG completed
- Remaining conditions for transaction completion are in progress
- CEO Andrew Strelein confident in meeting transaction timelines
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.
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