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Boab Metals Ltd ( (AU:BML) ) has provided an update.
Boab Metals has secured over A$350 million in debt and equity funding and completed the acquisition of the remaining 25% of its Sorby Hills silver-lead-zinc project, enabling the board to make a Final Investment Decision and advance the operation to construction with early site works already under way and first production targeted for the second half of 2027. The funding package, supported by institutional investors and a strongly oversubscribed share purchase plan, together with a clean, non-dilutive project finance facility, positions Boab as a fully funded emerging producer whose projected cash flows are highly leveraged to the recent surge in silver prices, potentially enhancing returns for shareholders and strengthening its competitive standing in the Australian base and precious metals sector.
The most recent analyst rating on (AU:BML) stock is a Hold with a A$0.56 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 an Australia-based base and precious metals developer focused on the Sorby Hills silver-lead-zinc project in the Kimberley region of Western Australia. The project is underpinned by a substantial mineral resource and an ore reserve-based mine plan, with concentrate to be trucked via sealed roads to Wyndham Port, positioning the company to supply global markets with lead and silver concentrates.
Average Trading Volume: 4,101,917
Technical Sentiment Signal: Buy
Current Market Cap: A$292.8M
For an in-depth examination of BML stock, go to TipRanks’ Overview page.