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Boab Metals Ltd ( (AU:BML) ) has shared an update.
Boab Metals Ltd has announced significant cost savings and a reduced timeline for the Sorby Hills Lead-Silver Project, with a minimum A$20 million reduction in capital costs for the processing plant and an additional A$5 million saved on early works. These savings, alongside a secured A$236 million debt facility, position the company favorably for a final investment decision, enhancing the project’s economic viability amidst ongoing construction inflation challenges.
The most recent analyst rating on (AU:BML) stock is a Hold with a A$0.42 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.
More about Boab Metals Ltd
Boab Metals Ltd is a company operating in the mining industry, focusing on the extraction and processing of lead and silver. The company is primarily involved in the Sorby Hills Lead-Silver Project located in Western Australia, which aims to leverage existing infrastructure to optimize costs and efficiency.
Average Trading Volume: 2,670,183
Technical Sentiment Signal: Buy
Current Market Cap: A$165.7M
For an in-depth examination of BML stock, go to TipRanks’ Overview page.