• Lingbao Gold and Kumul Mineral transactions progressing well
• Simberi Mining Lease extension approved until 2038
• Final Investment Decision targeted for 31 March 2026

St Barbara Limited (ASX:SBM) has provided an update on the progress of the Lingbao Gold Group ('Lingbao') and Kumul Mineral Holdings Limited ('Kumul') transactions, in relation to the New Simberi Gold Project announced on 10 December 2025. The company has received legal advice supporting that the formality of shareholder approval is not required under the ASX Listing Rules, and accordingly, this step has been waived to remain focused on completing the transactions and the Final Investment Decision on the target date of 31 March 2026. The company has made excellent progress on the conditions precedent for the respective agreements, including the approval of the Simberi Mining Lease extension until 2038, the lodgement of submissions with the respective governments for PRC and PNG approvals, and the progress on the transfer of subsidiaries holding St Barbara's Nova Scotia assets. The updated Life of Mine Plan is underway, with a review by Lingbao and Kumul planned for March 2026. The company is targeting the completion of both the Lingbao and Kumul transactions by 31 March 2026, with the Final Investment Decision on the New Simberi Gold Project being triggered on the same date.

St Barbara is targeting the completion of both the Lingbao and Kumul transactions by 31 March 2026, with the Final Investment Decision on the New Simberi Gold Project being triggered on the same date.