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Boadicea Resources Ltd. ( (AU:BOA) ) has issued an announcement.
Boadicea Resources reported that during the March 2026 quarter it advanced preparations for drilling at the Neds Creek Copper Project in Western Australia, confirming the Ricci Lee prospect as the priority target for resource definition work. The company’s geological team completed a site visit, progressed final drill planning and logistical readiness, and advanced heritage agreements and survey preparations needed to commence drilling.
The explorer is also applying a machine learning-led compilation and interpretation of extensive geological, geophysical and geochemical datasets to refine target generation and ranking across Neds Creek. Shareholders approved a $3.75 million share placement, with board and key management participating, leaving Boadicea with about $3.24 million in cash and funding in place for its upcoming drilling programs in 2026.
More about Boadicea Resources Ltd.
Boadicea Resources Ltd. is an Australian mineral exploration company focused on copper exploration in Western Australia. Its key asset is a 49% interest, with an option to acquire the remaining 51%, in the Neds Creek Copper Project within the Murchison Copper Belt, where it is targeting advanced prospects such as the Ricci Lee copper target for resource definition drilling.
Average Trading Volume: 617,885
Technical Sentiment Signal: Hold
Current Market Cap: A$13.95M
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