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Boab Metals Limited (ASX:BML)

ALERT: Price-sensitive ASX Announcement for BML
Current share price for BML : $0.395 -0.02 (-4.82%)+
Announcement
Release
18 May 2026 9:52AM
Price at Release
$0.415
Full Release
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Summary
Boab Metals Limited announces the completion of conditions for acquiring the DeGrussa Processing Plant from Sandfire Resources. The plant will be relocated to Sorby Hills, enhancing project execution and lowering capital costs. The acquisition, priced at A$10.0M, includes a deposit, cash payments, and new spares. Due diligence confirms its suitability for Sorby Hills, and with regulatory approvals secured, development is on track for production by H2 2027.
Key Points
  • Completion of the Sale & Purchase Agreement with Sandfire Resources Limited for the DeGrussa Processing Plant.
  • The DeGrussa Processing Plant will be relocated to Sorby Hills for the Sorby Hills Silver Lead Project.
  • The acquisition will enhance project execution and reduce upfront capital costs.
  • Total acquisition price is A$10.0M, including deposits and future payments.
  • Significant inventory of new spares included in the acquisition.
  • Due diligence with GR Engineering Services confirms suitability for Sorby Hills project.
  • Final Investment Decision and regulatory approvals for Sorby Hills were prerequisites.
  • Sorby Hills Project is strategically located near Kununurra, Western Australia.
  • On-site development for Sorby Hills is underway, targeting production start in 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.