• Mining Lease ML 136 for New Simberi Gold Project extended until 2038
• Extension aligns with project's mine life based on Proven and Probable Ore Reserves
• Key condition precedent for Lingbao's strategic investment and Kumul's 20% asset acquisition

St Barbara Limited (ASX: SBM) has announced that Mining Lease ML 136 for the New Simberi Gold Project has been formally extended until 2038. The extension aligns with the project's mine life based on Proven and Probable Ore Reserves included in the Feasibility Study results. The company received confirmation from Lingbao Gold Group Company Ltd and Kumul Minerals Holdings Ltd that the terms and conditions attached to the extension are acceptable, satisfying the Mining Lease condition precedent for their previously announced transactions. St Barbara's Managing Director and CEO, Andrew Strelein, stated that the lease extension is an important step towards a Final Investment Decision planned for Q3 FY26 to expand gold production to more than 200,000 ounces per annum from the New Simberi Gold Project. The company expressed gratitude to the PNG government, community leaders, and industry associations for their support in processing the application and endorsing the mining proposals.