St Barbara Awaits August Decision on Simberi Lease Renewal After MAC Review

MT Newswires Live

Jul 24, 2025

St Barbara (ASX:SBM) said Papua New Guinea's Mining Advisory Committee (MAC) reviewed its early renewal application for Simberi Mining Lease 136 and will issue a recommendation at the next meeting this month or via a circular resolution, according to a Thursday Australian bourse filing.

The company said the final approval rests with the Minister for Mining, Rainbo Paita, who is overseas until the end of July, making August the earliest for a formal decision.

If approved, the lease will be extended to 2038, aligning with the life of the Simberi Expansion Project based on current Ore Reserves, the filing added.

The MAC requested additional information, which the company provided on July 15.

The company's shares fell 1% in recent Thursday trade.

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