St Barbara Limited (ASX:SBM)

ALERT: Price-sensitive ASX Announcement for SBM

Current share price for SBM : $0.420 -0.15 (-26.32%)⁺

Announcement

Lingbao Transaction Conditions Precedent Satisfied

Release

26 Mar 2026 8:11AM

Price at Release

$0.570

Full Release

Summary

St Barbara Limited has announced that all conditions precedent for the Lingbao Transaction have been satisfied, paving the way for the transaction's completion on 1 April 2026. This transaction involves Lingbao acquiring an interest in the New Simberi Gold Project for A$370 million, with St Barbara retaining an equivalent interest, thus realizing a total transaction value of at least A$740 million. An anticipated gain on sale of A$0.5 billion is expected, marking a pivotal moment for the company as it prepares to execute the New Simberi Gold Project. The completion of the Kumul deal is also targeted for the same date, although any delay in final PNG government approvals will not impact the timing of the Lingbao Transaction.

Key Points

St Barbara Limited announced the satisfaction of all conditions precedent for the Lingbao Transaction.
Completion of the transaction is scheduled for 1 April 2026.
An anticipated gain on sale of approximately A$0.5 billion is expected.
Lingbao is acquiring its interest in the New Simberi Gold Project for A$370 million.
St Barbara retains an equivalent interest, realizing a total value of at least A$740 million.
The transaction includes deconsolidation of the Simberi subsidiaries.
Final Investment Decision for the New Simberi Gold Project is also planned at the time of completion.
St Barbara targets to close the Kumul deal concurrently with the Lingbao Completion.

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.