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Boab Metals Ltd ( (AU:BML) ) has provided an announcement.
Boab Metals Ltd has announced the acquisition of the DeGrussa Processing Plant from Sandfire Resources for A$10 million, to be utilized at its Sorby Hills Project. This acquisition is a strategic move to reduce upfront capital costs and derisk equipment procurement, enhancing the company’s project execution capabilities. The plant’s suitability for the Sorby Hills flowsheet and production rate further supports Boab’s operational plans, positioning the company favorably for future financial discussions and project development.
More about Boab Metals Ltd
Boab Metals Limited (ASX: BML) is a company operating in the mining industry, focusing on the development of the Sorby Hills Project in Western Australia. The company is involved in the extraction and processing of lead and silver, with a strategic emphasis on leveraging existing infrastructure to optimize project execution and reduce costs.
YTD Price Performance: -20.62%
Average Trading Volume: 345,889
Technical Sentiment Signal: Buy
Current Market Cap: A$29.76M
Find detailed analytics on BML stock on TipRanks’ Stock Analysis page.