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Boab Metals Ltd ( (AU:BML) ) has shared an update.
Boab Metals Limited has executed a binding Sale and Purchase Agreement with Sandfire Resources Ltd to acquire the DeGrussa Processing Plant, a strategic move to enhance the execution of its Sorby Hills Project by reducing capital costs and derisking equipment procurement. This acquisition, along with other recent milestones such as securing a US$30M prepayment from Trafigura and amending EPA approvals, positions Boab to make a final investment decision in the second half of 2025, potentially impacting stakeholders by advancing project timelines and financial stability.
More about Boab Metals Ltd
Boab Metals Limited operates in the mining industry, focusing primarily on the extraction and development of lead, silver, and zinc resources. The company’s flagship project is the Sorby Hills Lead-Silver-Zinc Project, located in the Kimberley Region of Western Australia, which aims to leverage existing infrastructure for efficient resource extraction.
YTD Price Performance: -20.62%
Average Trading Volume: 345,889
Technical Sentiment Signal: Buy
Current Market Cap: A$29.76M
For an in-depth examination of BML stock, go to TipRanks’ Stock Analysis page.