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Boab Metals Ltd ( (AU:BML) ) has issued an announcement.
Boab Metals has exercised its option to acquire Yuguang (Australia) Pty Ltd’s 25% stake in the Sorby Hills Silver-Lead Project in Western Australia, giving it full ownership of the asset for an upfront payment of A$12.5 million plus deferred payments of A$10.5 million after production begins. With all recent capital raisings structured on a 100%-ownership basis and project capex already funded, the company says Sorby Hills remains fully financed through to first concentrate production, targeted for the second half of 2027, giving Boab full control over marketing an estimated 897,000 tonnes of concentrate and greater leverage to higher silver prices, which management notes are now more than double the level assumed in earlier project studies.
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 Australia-based base and precious metals company focused on advancing the fully funded Sorby Hills Silver-Lead Project in the East Kimberley. Located 50km from Kununurra with sealed-road access to Wyndham Port, Sorby Hills is transitioning from development to construction following a recent Final Investment Decision, positioning Boab to capitalise on favourable silver and lead market fundamentals and deliver long-term shareholder value.
Average Trading Volume: 2,908,125
Technical Sentiment Signal: Buy
Current Market Cap: A$163.7M
For detailed information about BML stock, go to TipRanks’ Stock Analysis page.