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Boab Metals Ltd ( (AU:BML) ) just unveiled an announcement.
Boab Metals Limited has made a Final Investment Decision for the Sorby Hills Silver-Lead Project, marking a significant milestone in its transition from a developer to a producer. The project is fully funded with A$110 million raised from equity markets and a A$236 million project finance debt facility. This decision enables Boab to rapidly advance project development activities, with first production targeted for the second half of 2027. The company aims to capitalize on favorable silver and lead market conditions while focusing on capital discipline and execution certainty. The project is expected to deliver sustainable value for shareholders and economic benefits for the East Kimberley community.
The most recent analyst rating on (AU:BML) stock is a Hold with a A$0.44 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 Limited is a Western Australian-based company focused on base and precious metals, specifically advancing the Sorby Hills Silver-Lead Project in the East Kimberley region. The company holds a 75% interest in the project, with an option to acquire the remaining 25% from Henan Yuguang Gold & Lead Co. Ltd. Boab is transitioning from development to construction, with plans for first concentrate production in the second half of 2027.
Average Trading Volume: 2,805,409
Technical Sentiment Signal: Buy
Current Market Cap: A$179.9M
See more data about BML stock on TipRanks’ Stock Analysis page.