St Barbara Receives AU$32 Million Deposit From Lingbao Gold Group

MT Newswires Live

2025/12/24

St Barbara (ASX:SBM) confirmed the receipt of a AU$32 million escrow deposit from Lingbao Gold Group, to be applied toward Lingbao's AU$370 million subscription to acquire a 50% interest in St Barbara Mining, a wholly-owned subsidiary of the company, according to a Wednesday filing with the Australian bourse.

After completion, St Barbara Mining will then own 80% of the Simberi gold project in Papua New Guinea, per a Dec. 10 filling.

The companies aim to complete the transaction in time for a final investment decision on the Simberi expansion project in the third quarter of fiscal 2026, the Wednesday filing added.

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