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Boab Metals Ltd ( (AU:BML) ) just unveiled an announcement.
Boab Metals Limited has extended its option agreement with Henan Yuguang to acquire a full interest in the Sorby Hills Project until December 2025. This extension allows Boab to finalize necessary workstreams before a Final Investment Decision. The company has secured strategic agreements, including a binding offtake contract with Trafigura and a Sale and Purchase Agreement for the DeGrussa Processing Plant, enhancing project viability and reducing risks. Environmental approvals have been received, and Boab is in discussions with potential financiers to secure regulatory approvals, paving the way for a final decision and full acquisition of the project.
The most recent analyst rating on (AU:BML) stock is a Buy with a A$0.40 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 exploration and development company focused on the Sorby Hills Project in WA. The project is located near Kununurra in the East Kimberley, with Boab holding a 75% interest and an option to acquire the remaining 25% from Henan Yuguang Gold & Lead Co. Ltd. The company aims to transport concentrate to Wyndham Port using existing infrastructure.
Average Trading Volume: 898,870
Technical Sentiment Signal: Buy
Current Market Cap: A$62.83M
Learn more about BML stock on TipRanks’ Stock Analysis page.