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Boab Metals Limited (ASX:BML)

ALERT: Price-sensitive ASX Announcement for BML
Current share price for BML : $0.365 0.025 (7.35%)+
Announcement
Release
1 Jul 2026 8:32AM
Price at Release
$0.340
Full Release
download
Summary
Boab Metals Limited provided an update on the development of its Sorby Hills Silver-Lead Project in Western Australia. Key progress includes the dismantling of the DeGrussa Processing Plant, which will be relocated to Sorby Hills, completion of site access roads, processing plant pad, and initial mine site camp facilities. The project is on track for first production in the second half of 2027. An expanded project delivery plan will incorporate updates on ore reserve and mine life optimization due to higher silver prices. Boab has secured over A$350 million in funding and has received all necessary approvals for the commencement of mining and construction.
Key Points
  • Dismantling of DeGrussa Processing Plant has commenced.
  • Site access roads and processing plant pad completed.
  • Stage 1 of the Mine Site Camp is operational.
  • Clearing of ROM Pad, Tailings Storage Facility, and Haul Road corridors completed ahead of schedule.
  • Construction of the Evaporation Pond is on track.
  • Project Delivery Plan to be released, including updated ore reserve and mine life optimization.
  • First silver-lead concentrate production expected in H2 2027.
  • The substantial increase in silver prices is driving ore reserve updates.
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.