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Boab Metals Limited (ASX:BML)

ALERT: Price-sensitive ASX Announcement for BML
Current share price for BML : $0.480 0.08 (20%)+
Announcement
Release
30 Jul 2026 9:58AM
Price at Release
$0.400
Full Release
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Summary
Boab Metals Limited released its Quarterly Activities and Cashflow Report for the quarter ending 30 June 2026, highlighting significant progress in its Sorby Hills development. Key achievements include executing an EPC contract with GR Engineering for the relocation of the DeGrussa Processing Plant, completing its acquisition from Sandfire, and securing a long-term diesel supply agreement. Construction activities are on schedule, with first concentrate production expected in the second half of 2027. The company has also finalized a syndicated facility agreement and commenced a drilling program to enhance its resource portfolio. The cash balance stood at A$60.2 million at the end of the quarter.
Key Points
  • Boab Metals Limited executed an EPC contract with GR Engineering for relocating the DeGrussa Processing Plant to Sorby Hills.
  • The contract for the plant is valued at $109 million.
  • Acquisition of DeGrussa Processing Plant from Sandfire was completed.
  • A six-year Diesel Supply Agreement was secured with CGL Fuel Pty Ltd.
  • Site access and early works were completed within budget.
  • First concentrate production is scheduled for the second half of 2027.
  • A syndicated facility agreement of A$236 million in debt facilities was finalized.
  • Phase IX drilling program commenced to enhance resource conversion and exploration.
  • Boab Metals held a cash balance of A$60.2 million as of 30 June 2026.
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.