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Boab Metals Ltd ( (AU:BML) ) has shared an update.
Boab Metals has secured confirmation from regional supplier Cambridge Gulf Limited that diesel supplies for its East Kimberley operations, including construction at the Sorby Hills project, are assured in the near term. Current stocks in Wyndham are sufficient through April and May, with additional fuel shipments scheduled through late June, and the diesel is imported from major Asian refineries via Singapore.
The company does not anticipate any immediate fuel-related disruptions to Sorby Hills construction and plans to reduce longer-term diesel exposure by connecting the project to grid power from the Ord River Hydro Power Station. This transition is expected to provide more stable, lower-emission power for operations, while Boab continues to monitor regional fuel conditions and commits to updating the market on any material changes.
The most recent analyst rating on (AU:BML) stock is a Hold with a A$0.47 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 base and precious metals company focused on advancing its fully funded, 100%-owned Sorby Hills silver-lead project in the East Kimberley. Located 50 kilometres from Kununurra with sealed road access to Wyndham Port, the project targets first concentrate production in the second half of 2027 to leverage favourable silver and lead market conditions.
Average Trading Volume: 6,945,759
Technical Sentiment Signal: Buy
Current Market Cap: A$265.1M
Learn more about BML stock on TipRanks’ Stock Analysis page.