St Barbara Receives $32M Deposit for Lingbao Strategic Investment in Simberi
Key points
- St Barbara receives A$32 million deposit from Lingbao Gold Group
- Deposit to be used towards A$370 million subscription amount for 50% stake in Simberi Gold Project
- Transaction targeted to complete with Final Investment Decision on Simberi Expansion Project in Q3 FY26
Full summary
St Barbara Limited (ASX:SBM) has announced that it has received a A$32 million deposit from Lingbao Gold Group in relation to the strategic investment announced on 10 December 2025. The deposit will be held in escrow and will be utilized towards the A$370 million subscription amount to acquire 50% of St Barbara Mining Pty Ltd, a wholly owned subsidiary of St Barbara which will immediately post completion own 80% of the Simberi Gold Project. St Barbara and Lingbao are targeting completion of the strategic investment transaction to coincide with a Final Investment Decision on the Simberi Expansion Project in Q3 FY26.
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