• Application for early renewal of Simberi Mining Lease 136 examined by Mining Advisory Committee
• Recommendation to be dealt with at next available MAC meeting or by circular resolution
• Renewal will extend tenure until 2038, in line with current Simberi Expansion Project mine life

St Barbara Limited has advised that its application for early renewal of the Simberi Mining Lease 136 (Simberi ML) was examined by the Mining Advisory Committee (MAC) at a specially convened meeting on Sunday 6 July 2025. The MAC sought clarifications on several items and the company provided answers the following day. The Managing Director of the Mineral Resources Authority (MRA) has now advised that the recommendation for the early renewal application will be dealt with by the MAC at the next available opportunity, or alternatively resolved by circular resolution. The MAC recommendation is the last step before the Minister of Mining makes the final decision on the early renewal. The company understands that the Minister is travelling overseas until the end of July 2025, and therefore the first opportunity for formal approval of the Simberi ML extension will be in August 2025. The renewal of the Simberi ML will extend the company's tenure until 2038, which is in line with the current Simberi Expansion Project mine life, based on Proven and Probable Ore Reserves.

The renewal of the Simberi Mining Lease is a key step towards unlocking the Sulphide Ore Reserves at Simberi and expanding gold production to over 200,000 ounces per annum.