St Barbara Says All Conditions Precedent For Lingbao Gold Group Deal Satisified

MT Newswires Live

03/26

St Barbara (ASX:SBM) said all conditions precedent related to Lingbao Gold Group's investment in the New Simberi gold project in Papua New Guinea were satisfied or waived, according to a Thursday Australian bourse filing.

In December 2025, the company agreed with Lingbao Gold Group for Lingbao to acquire an 80% stake in the project.

Lingbao and St Barbara are targeting the completion of the deal on April 1. Lingbao and St Barbara have also committed to making a final investment decision on the project after completion.

Lingbao is acquiring a stake in the project for AU$370 million, which will be received by St Barbara in cash upon completion.

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