InvestSMART

Boab Metals Limited (ASX:BML)

ALERT: Price-sensitive ASX Announcement for BML
Current share price for BML : $0.340 -0.22 (-39.29%)+
Announcement
Release
27 Jan 2026 9:41AM
Price at Release
$0.560
Full Release
download
Summary
Boab Metals Limited has successfully completed the acquisition of Yuguang (Australia) Pty Ltd’s stake in the Sorby Hills Silver-Lead-Zinc Project, raising its ownership to 100%. Boab now has full rights to the forecasted production, taking full advantage of the project's projected profitability, driven by a rise in silver prices. The acquisition was completed for an initial payment of A$12.5 million, with additional payments scheduled post-production start. The project is fully funded, with production anticipated to commence in the second half of 2027, marking a significant step in Boab's growth as a base and precious metals producer.
Key Points
  • Boab Metals Limited (ASX: BML) has completed the acquisition of Yuguang (Australia) Pty Ltd’s interest in the Sorby Hills Silver-Lead-Zinc Project, increasing Boab’s interest to 100%.
  • Boab now holds the right to 100% of the forecast 897kt concentrate produced at Sorby Hills, containing 18.6Moz of silver and 575kt of lead.
  • The Sorby Hills Project is fully-funded and on track for its first production scheduled in the second half of 2027.
  • Boab made a Final Investment Decision and raised over A$350 million to fully fund the Sorby Hills Project to first production.
  • The acquisition deal included an upfront payment of A$12.5 million to Yuguang and a deferred consideration of A$5.5 million and A$5.0 million, payable 12 and 18 months after the commencement of production.
  • The Company acknowledges the contributions of Yuguang since their initial investment in 2010 and anticipates potential future customer relations.
  • 100% ownership in Sorby Hills allows Boab maximum exposure to rising operating margins driven by a significant increase in silver prices.
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.