St Barbara Wins Mining Lease Extension, Unlocking Long-Term Simberi Growth.
St Barbara Limited (ASX: SBM) has secured regulatory approval to extend the mining lease for its New Simberi Gold Project, providing certainty of tenure through to 2038. The extension matches the project’s planned operating life under current reserve estimates and removes a major regulatory hurdle ahead of development. Crucially, the approval fulfils a key requirement tied to the previously announced strategic investment by Lingbao Gold Group and the proposed minority ownership by Kumul Minerals. With the lease extension now in place, the company can advance toward a Final Investment Decision expected in Q3 FY26, targeting a material uplift in gold output to above 200,000 ounces annually. The milestone reflects strong cooperation from Papua New Guinea’s government, regulatory bodies, and local stakeholders. Lingbao has reiterated its intention to complete the investment promptly and work alongside St Barbara and Kumul to progress the Simberi project, generate shareholder returns, and contribute to sustainable economic benefits for surrounding communities.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
x
Daily Dose of Buy, Sell & Hold recommendations before the market opens.
Start Your 7 Days Free Trial Now!
We use cookies to help us improve, promote, and protect our services.
By continuing to use this site, we assume you consent to this.
Read our
Privacy Policy
and
Terms & Conditions
St Barbara Wins Mining Lease Extension, Unlocking Long-Term Simberi Growth.
St Barbara Limited (ASX: SBM) has secured regulatory approval to extend the mining lease for its New Simberi Gold Project, providing certainty of tenure through to 2038. The extension matches the project’s planned operating life under current reserve estimates and removes a major regulatory hurdle ahead of development. Crucially, the approval fulfils a key requirement tied to the previously announced strategic investment by Lingbao Gold Group and the proposed minority ownership by Kumul Minerals. With the lease extension now in place, the company can advance toward a Final Investment Decision expected in Q3 FY26, targeting a material uplift in gold output to above 200,000 ounces annually. The milestone reflects strong cooperation from Papua New Guinea’s government, regulatory bodies, and local stakeholders. Lingbao has reiterated its intention to complete the investment promptly and work alongside St Barbara and Kumul to progress the Simberi project, generate shareholder returns, and contribute to sustainable economic benefits for surrounding communities.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au