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Boa Resources Ltd (ASX:BOA)

ALERT: Price-sensitive ASX Announcement for BOA
Current share price for BOA : $0.100 -0.08 (-44.44%)+
Announcement
Release
12 Oct 2026 9:59AM
Price at Release
$0.180
Full Release
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Summary
BOA Resources Limited announced further strong drilling results from the Ricci Lee prospect within its Neds Creek Copper Project in Western Australia, reporting assays from 11 additional reverse circulation holes and stating that high-grade copper intersections have now been returned from 28 of 34 RC holes reported from its maiden 46-hole program. The results reinforce the scale and continuity of mineralisation at Ricci Lee, with the Main Lode now demonstrated over more than 400 metres of strike and from surface to beyond 200 metres vertical depth, while a parallel Hanging-Wall Lode has been defined over 160 metres of strike and remains open to the north. Notable new intersections include 10m at 2.78% Cu from 208m in hole 26NCRC021, 11m at 2.04% Cu from 253m in 26NCRC022, 8m at 1.60% Cu from 87m in 26NCRC014, 5m at 1.95% Cu from 104m in 26NCRC016 and 46m at 0.67% Cu from surface in 26NCRC033, including higher-grade internal zones. BOA said the latest sections support structural continuity and suggest an emerging shallow northerly plunge to the Main Lode, while southern sections show some tapering in thickness and grade. The company said the drilling is transforming Ricci Lee from scattered historical intercepts into a coherent high-grade copper system and will support ongoing geological interpretation as it advances toward a maiden Mineral Resource, with assays still pending from the final 12 Ricci Lee RC holes and from air-core drilling across five additional Neds Creek prospects.
Key Points
  • BOA reported additional high-grade copper assay results from the Ricci Lee prospect at the Neds Creek Copper Project in Western Australia.
  • High-grade copper intersections have now been returned from 28 of 34 RC holes reported from BOA’s maiden 46-hole Ricci Lee drilling program.
  • The Main Lode has been demonstrated over more than 400 metres of strike and to greater than 200 metres vertical depth.
  • A parallel Hanging-Wall Lode has been defined over 160 metres of strike and remains open to the north.
  • Key new results include 10m at 2.78% Cu from 208m in hole 26NCRC021.
  • Key new results include 11m at 2.04% Cu from 253m in hole 26NCRC022.
  • Key new results include 8m at 1.60% Cu from 87m in hole 26NCRC014.
  • Key new results include 5m at 1.95% Cu from 104m in hole 26NCRC016.
  • Key new results include 46m at 0.67% Cu from surface in hole 26NCRC033, including 3m at 3.29% Cu from 34m.
  • BOA said the results strengthen confidence that Ricci Lee is a coherent high-grade copper system rather than scattered narrow zones.
  • The company identified an emerging shallow northerly plunge control to mineralisation in the Main Lode.
  • Assays remain pending from 12 RC holes at Ricci Lee and AC drilling across five additional Neds Creek prospects.
  • The completed Neds Creek drilling program comprised 138 holes for 13,086 metres.
  • BOA currently held a 49% interest in Neds Creek and was seeking shareholder approval to acquire the remaining 51% and 100% of the Thaduna and Green Dragon copper deposits.
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.