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Boa Resources Ltd (ASX:BOA)

ALERT: Price-sensitive ASX Announcement for BOA
Current share price for BOA : $0.125 -0.005 (-3.85%)+
Release
12 Oct 2026 1:11PM
Price at Release
$0.130
Full Release
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Summary
BOA Resources Ltd’s October 2026 AGM presentation outlines its strategy to build a significant copper position around the Neds Creek Copper Project in the Murchison region of Western Australia, with the project positioned as BOA’s flagship asset and expected, following completion of the Core Value/Sandfire transaction, to include the Thaduna and Green Dragon copper deposits on granted Mining Leases plus a broader highly prospective Murchison Copper Belt tenement package of about 1,378km2; the presentation highlights a combined Mineral Resource Estimate for Thaduna and Green Dragon of 5.3 Mt at 2.3% Cu for 121 kt contained copper, with Thaduna contributing 4.1 Mt at 2.5% Cu for 103 kt and Green Dragon 1.2 Mt at 1.5% Cu for 18 kt, both open at depth and offering scope for extensions and repetitions along strike, while 2026 drilling at Ricci Lee delivered multiple high-grade copper intersections and defined both a Main Lode and a parallel Hanging-Wall Lode over more than 400m strike and beyond 200m vertical depth, supporting potential for an initial resource; BOA also reported AC drilling across five additional prospects to expand its copper pipeline, presented a post-transaction corporate structure showing Sandfire as an approximately 6.2% shareholder, and set out a near-term plan to complete the transaction, integrate acquired resources, define a resource at Ricci Lee and prepare further drilling in 2027, with an overall objective of growing BOA’s copper resources to economic scale through disciplined capital allocation and exploration-led growth.
Key Points
  • October 2026 AGM presentation focused on advancing the Neds Creek Copper Project in the Murchison, Western Australia.
  • BOA positions Neds Creek as its flagship copper project.
  • On completion of the Core Value/Sandfire transaction, BOA expects to own the Thaduna and Green Dragon copper deposits and complementary exploration tenements covering about 1,378km2.
  • Sandfire Resources Ltd is expected to hold approximately 6.2% of BOA post transaction.
  • Thaduna and Green Dragon have a combined Mineral Resource Estimate of 5.3 Mt at 2.3% Cu for 121 kt contained copper.
  • Thaduna resource is 4.1 Mt at 2.5% Cu for 103 kt contained copper.
  • Green Dragon resource is 1.2 Mt at 1.5% Cu for 18 kt contained copper.
  • BOA describes the deposits as structurally controlled sediment-hosted epigenetic copper mineralisation within the Yerrida Basin.
  • Thaduna is open at depth and has potential for further resource growth and repetitions along strike.
  • Green Dragon is open at depth and is a priority target for resource growth and upgrade drilling.
  • BOA identified six high-priority copper targets using Thaduna and Green Dragon as analogues.
  • Ricci Lee was the main 2026 drilling focus for immediate resource definition.
  • BOA completed 46 RC holes for 7,364m at Ricci Lee during August to September 2026.
  • Ricci Lee drilling defined a Main Lode and a new parallel Hanging-Wall Lode in the northern area.
  • Reported Ricci Lee intersections include 22m at 3.05% Cu including 9m at 6.86% Cu and 10m at 3.60% Cu including 6m at 5.57% Cu.
  • Ricci Lee mineralisation shows continuity over more than 400m of strike and greater than 200m vertical depth.
  • BOA completed 92 AC holes for 5,722m across Rooneys, Blockley, Mueller, Limestone Bore and Ward.
  • Assay results for the other five prospects were expected through October and November 2026.
  • The company’s near-term plan includes completing the transaction, integrating Thaduna and Green Dragon into the database, defining a resource at Ricci Lee and planning a 2027 drill program.
  • BOA states its broader goal is to grow copper resources to economic scale with disciplined capital allocation and strong governance.
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.