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Boab Metals Ltd ( (AU:BML) ) has issued an update.
Boab Metals Limited has received a $380,000 cash refund from the Australian Federal Government’s R&D Tax Incentive Program. This refund, related to R&D activities at the Sorby Hills Lead-Silver-Zinc Project, will support the project’s ongoing development as it moves towards financing and construction, potentially enhancing Boab’s operational capabilities and market position.
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. Located near Kununurra in the East Kimberley, the project benefits from existing infrastructure for transporting concentrate to Wyndham Port. Boab holds a 75% stake in the project, with an option to acquire the remaining interest from Henan Yuguang Gold & Lead Co. Ltd.
Average Trading Volume: 782,820
Technical Sentiment Signal: Hold
Current Market Cap: A$48.86M
For an in-depth examination of BML stock, go to TipRanks’ Overview page.