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Boab Metals Ltd ( (AU:BML) ) has issued an update.
Boab Metals Limited has secured a US$30 million prepayment and offtake agreement with Trafigura for its Sorby Hills Project. The agreement, which supports the construction and development of the project, demonstrates the attractiveness of the Sorby Hills concentrate and marks a significant step towards a final investment decision anticipated in the second half of 2025. Recent EPA approvals and ongoing cost-reduction efforts further solidify Boab’s position in advancing the project. The company also reported a cash balance of A$3.5 million at the end of December 2024, highlighting its financial stability amidst these developments.
More about Boab Metals Ltd
Boab Metals Limited operates in the mining industry, focusing on the development of the Sorby Hills Lead-Silver-Zinc Project in the Kimberley Region of Western Australia. The company is involved in mining and processing lead-silver-zinc concentrates and aims to enhance its market presence through strategic partnerships and project advancements.
YTD Price Performance: -6.06%
Average Trading Volume: 764,274
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$36.18M
For an in-depth examination of BML stock, go to TipRanks’ Stock Analysis page.