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Boab Metals Ltd ( (AU:BML) ) has provided an announcement.
Boab Metals has acquired Yuguang (Australia) Pty Ltd’s remaining 25% interest in the Sorby Hills Silver-Lead-Zinc Project for an upfront payment of A$12.5 million and deferred consideration of A$10.5 million tied to future production, lifting its ownership of the project to 100%. Full ownership gives Boab rights to all forecast production of 897,000 tonnes of concentrate containing 18.6 million ounces of silver and 575,000 tonnes of lead and, combined with the recent Final Investment Decision and more than A$350 million in project funding, consolidates its transition into a base and precious metals producer while maximising shareholder exposure to higher margins amid a substantially stronger silver price than assumed in earlier studies.
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 a Western Australia-based base and precious metals company focused on advancing the fully funded, 100%-owned Sorby Hills silver-lead project in the East Kimberley region. Located 50km from Kununurra with sealed-road access to Wyndham Port, Sorby Hills is positioned to supply silver-lead concentrate into markets benefiting from strong silver and lead fundamentals, with first concentrate production targeted for the second half of 2027.
Average Trading Volume: 4,056,740
Technical Sentiment Signal: Buy
Current Market Cap: A$292.8M
For a thorough assessment of BML stock, go to TipRanks’ Stock Analysis page.