St Barbara Expects Lingbao, Kumul Deals to Close on March 31
MT Newswires Live
Yesterday
St Barbara (ASX:SBM) said it expects to complete its agreements with Lingbao Gold Group and Kumul Mineral Holdings on March 31, according to a Wednesday filing with the Australian bourse.
In December 2025, the company agreed with Lingbao Gold Group for Lingbao to acquire an 80% stake in the Simberi gold project in Papua New Guinea.
The company also agreed with Kumul Mineral Holdings for Kumul to acquire 20% of the project.
The company expects a final investment decision on the project on the same date the deals are completed, the filing said.
Shares of the company rose 2% in recent Wednesday trade.
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