St Barbara Raises AU$58 Million Through Institutional Placement to Advance Simberi and Atlantic Projects.

St Barbara Limited (ASX: SBM) has successfully secured firm commitments for an AU$58 million institutional placement at AU$0.46 per share, marking a 9.7% discount to its 10-day VWAP of AU$0.51. The placement was oversubscribed, reflecting strong demand from both new and existing Australian and international institutional investors. The funds will primarily support the Simberi Expansion Project, including mobile fleet upgrades, completion of the Feasibility Study, and advancement of pre-expansion capital works.

Additionally, proceeds will help finalize the 15-Mile Processing Hub Pre-Feasibility Study and advance plans for the potential re-opening of the Touquoy operation in Nova Scotia. Settlement of new shares is expected on 10 October 2025, with trading to commence on 13 October 2025. The successful capital raise highlights investor confidence in St Barbara’s growth strategy and its focus on operational efficiency and long-term project development.

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