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Boab Metals Limited (ASX:BML)

ALERT: Price-sensitive ASX Announcement for BML
Current share price for BML : $0.410 0.02 (5.13%)+
Announcement
Release
23 Jul 2026 8:29AM
Price at Release
$0.390
Full Release
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Summary
Boab Metals Limited (BML) is advancing its Sorby Hills Silver-Lead Project located in East Kimberley, Western Australia. The project is fully funded and 100% owned by Boab Metals, with a focus on commencing concentrate production by the second half of 2027. The project, situated 50 km from Kununurra, has strategic access to sealed roads leading to Wyndham Port, facilitating transportation of concentrates. The update emphasizes ongoing exploration and drilling activities aimed at enhancing resource confidence and expanding mineralized zones. The exploration strategy includes targeting high-grade intercepts and testing new zones at the Manbarrum project, situated 25 km east of Sorby Hills. The recent exploration results are expected to positively impact the project's development by confirming the presence of high-grade mineralization outside current pit perimeters. Boab Metals aims to capitalize on robust silver and lead market conditions to deliver long-term shareholder value.
Key Points
  • Boab Metals owns 100% of the Sorby Hills Silver-Lead Project.
  • Project is located in East Kimberley, Western Australia, near Kununurra.
  • Objective to start concentrate production by the second half of 2027.
  • Strategic access to transport routes for concentrate export via Wyndham Port.
  • Current focus on exploration and drilling to upgrade resource confidence.
  • Testing high-grade zones and new targets at Sorby Hills and Manbarrum.
  • Recent drill results expected to affirm high-grade mineralization zones.
  • Aims for long-term shareholder value through strong market conditions.
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.