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Boab Metals Limited (ASX:BML)

ALERT: Price-sensitive ASX Announcement for BML
Current share price for BML : $0.345 -0.215 (-38.39%)+
Announcement
Release
15 Jan 2026 9:19AM
Price at Release
$0.560
Full Release
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Summary
Boab Metals Limited is advancing its Sorby Hills Silver-Lead Project, fully funded for construction and strategically positioned to benefit from current high silver prices. The company is focused on project execution in 2026, with construction milestones including site establishment, relocation of the DeGrussa Processing Plant, and commencement of mining activities. Boab aims to enhance project economics through optimization initiatives and a comprehensive Project Delivery Plan. Additionally, a 2026 drilling program is set to expand resources and support production ramp-up. Boab is set to gain 100% ownership of Sorby Hills, having exercised an option to acquire Yuguang’s interest, while maintaining strategic marketing flexibility over silver concentrate sales.
Key Points
  • Fully funded construction at Sorby Hills Silver-Lead Project.
  • Construction activities include site establishment, processing plant relocation, and mining initiation.
  • Project optimization to enhance economics and reduce costs.
  • 2026 drilling program aimed at resource expansion and production support.
  • Boab to hold 100% ownership of Sorby Hills post-acquisition.
  • Strategic marketing flexibility for silver concentrate sales.
  • First concentrate production is scheduled for H2 2027.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.