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An announcement from Boab Metals Ltd ( (AU:BML) ) is now available.
Boab Metals Limited has successfully raised A$6.0 million through a placement to sophisticated, professional, and institutional investors to advance its Sorby Hills Lead-Silver-Zinc Project in Western Australia. The funds will be used for pre-development costs, site establishment, and worker camp refurbishment, while also freeing up cash reserves for further exploration. This capital injection is expected to accelerate the project’s progress towards a Final Investment Decision, enhancing Boab’s position in the market amid a strong silver market backdrop.
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-based exploration and development company focused on the Sorby Hills Lead-Silver-Zinc Joint Venture Project in the east Kimberley region. Boab holds a 75% interest in this project, with the remaining 25% owned by Henan Yuguang Gold & Lead Co. Ltd.
Average Trading Volume: 587,940
Technical Sentiment Signal: Hold
Current Market Cap: A$43.51M
For a thorough assessment of BML stock, go to TipRanks’ Stock Analysis page.