Boab Metals Ltd (AU:BML) has released an update.
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Boab Metals Ltd has secured a US$30 million prepayment facility and an offtake agreement with Trafigura Asia Trading for the lead-silver concentrate from its Sorby Hills Project in Western Australia. This agreement is a significant step in Boab’s financing plan, as it seeks to reduce upfront capital expenditure and reach a final investment decision. The deal underscores strong interest in Sorby Hills from global traders and could potentially boost Boab’s financial standing.
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