Boab Metals Ltd (AU:BML)
ASX:BML
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Boab Metals Ltd
(Sydney:BML)
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Rating:42Neutral
Price Target:
AU$0.37
▼(-15.91% Downside)
Action:ReiteratedDate:03/20/26
The score is primarily weighed down by weak financial performance (declining revenue, persistent losses, and negative operating cash flow). Technical indicators also point to ongoing downside pressure, while valuation is hard to support due to negative earnings and no dividend yield data.
Positive Factors
Low leverage / limited debt risk
A low debt-to-equity position reduces balance-sheet vulnerability and preserves financial flexibility for a resource developer. Over the medium term this lowers refinancing risk, enables the company to prioritize exploration and technical studies, and improves resilience to commodity cycles.
Negative Factors
Declining revenue
A material revenue decline undermines the company’s capacity to self-fund exploration and development. Over months this reduces operating scale, can extend project timelines, and increases reliance on external capital or partnerships to advance assets toward development or production.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / limited debt risk
A low debt-to-equity position reduces balance-sheet vulnerability and preserves financial flexibility for a resource developer. Over the medium term this lowers refinancing risk, enables the company to prioritize exploration and technical studies, and improves resilience to commodity cycles.
Read all positive factors
Boab Metals Ltd (BML) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$227.66M
Dividend YieldN/A
Average Volume (3M)2.96M
Price to Earnings (P/E)―
Beta (1Y)2.80
Revenue Growth-100.00%
EPS Growth0.70%
CountryAU
Employees3
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.02
Shares Outstanding576,354,200
10 Day Avg. Volume2,390,745
30 Day Avg. Volume2,960,185
Financial Highlights & Ratios
PEG Ratio0.97
Price to Book (P/B)2.24
Price to Sales (P/S)202.64
P/FCF Ratio-9.19
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.70Price Target Upside286.36% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)N/A
Boab Metals Ltd Business Overview & Revenue Model
Company Description
Boab Metals Limited engages in the exploration of mineral tenements in Australia and Latin America. The company primarily explores for gold, copper, zinc, silver, and lead deposits. Its flagship property is the Sorby Hills project located in the K...
How the Company Makes Money
null...
Boab Metals Ltd Financial Statement Overview
Summary
Income Statement
30
Negative
Balance Sheet
45
Neutral
Cash Flow
35
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 38.45K | 174.31K | 136.10K | 201.75K | 160.66K | 122.44K |
| Gross Profit | -8.52K | 174.31K | 136.10K | 201.75K | 160.66K | 122.44K |
| EBITDA | -4.78M | -3.81M | -3.31M | -5.89M | -6.72M | -5.40M |
| Net Income | -3.88M | -3.84M | -3.32M | -5.92M | -6.80M | -5.04M |
Balance Sheet | ||||||
| Total Assets | 121.56M | 16.54M | 12.76M | 11.63M | 11.67M | 18.66M |
| Cash, Cash Equivalents and Short-Term Investments | 89.87M | 7.53M | 5.66M | 4.58M | 6.32M | 12.90M |
| Total Debt | 0.00 | 35.07K | 112.71K | 30.50K | 100.19K | 45.53K |
| Total Liabilities | 22.01M | 748.07K | 667.47K | 1.23M | 1.09M | 1.68M |
| Stockholders Equity | 99.55M | 15.79M | 12.09M | 10.39M | 10.58M | 16.98M |
Cash Flow | ||||||
| Free Cash Flow | -4.83M | -3.84M | -3.67M | -7.02M | -6.53M | -4.60M |
| Operating Cash Flow | -3.75M | -3.83M | -3.66M | -5.38M | -6.49M | -4.55M |
| Investing Cash Flow | -1.59M | -513.24K | -2.70K | -1.64M | -24.27K | 148.40K |
| Financing Cash Flow | 91.72M | 6.21M | 4.75M | 5.27M | -65.92K | 14.39M |
Boab Metals Ltd Technical Analysis
Neutral
0.44
Price Trends
0.52
Negative
0.50
Negative
0.39
Positive
Market Momentum
-0.02
Negative
47.06
Neutral
78.53
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BML, the sentiment is Neutral. The current price of 0.44 is above the 20-day moving average (MA) of 0.42, below the 50-day MA of 0.52, and above the 200-day MA of 0.39, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 47.06 is Neutral, neither overbought nor oversold. The STOCH value of 78.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:BML.
Boab Metals Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
47 Neutral | AU$53.70M | 0.64 | 86.21% | ― | ― | ― | |
45 Neutral | AU$129.50M | -5.36 | -5.19% | ― | ― | -70.59% | |
44 Neutral | AU$72.74M | -10.56 | -59.10% | ― | ― | 30.43% | |
44 Neutral | AU$59.25M | -15.58 | -9.25% | ― | ― | -100.00% | |
43 Neutral | AU$38.08M | -11.22 | -0.02% | ― | ― | 13.53% | |
42 Neutral | AU$227.66M | -16.15 | -6.73% | ― | -100.00% | 0.70% |
* Basic Materials Sector Average
AU:BML
Boab Metals Ltd
0.40
0.23
132.35%
AU:CRI
Venture Minerals Limited
0.02
<0.01
60.00%
AU:EPM
Eclipse Metals Ltd.
0.02
<0.01
20.00%
AU:PEX
Peel Mining Limited
0.15
0.08
105.48%
AU:RDM
Red Metal Limited
0.14
0.04
33.33%
AU:LEL
Lithium Energy Ltd.
0.34
-0.03
-8.11%
Boab Metals Ltd Corporate Events
Boab Metals Secures Funding and Approvals as Sorby Hills Build Accelerates
Apr 30, 2026
Boab Metals has secured final regulatory approvals and executed a A$236 million syndicated debt facility to fund development of its Sorby Hills silver-lead-zinc project in Western Australia. Early works, including site access and foundation pads, ...
Boab Metals Unveils Interactive Investor Hub to Boost Shareholder Engagement
Apr 23, 2026
Boab Metals has launched a new Investor Hub, an interactive online platform designed to centralise and streamline communication with existing and prospective shareholders. The hub provides real-time access to ASX announcements, project updates, co...
Boab Metals to Release 8.3 Million Shares From Voluntary Escrow
Apr 21, 2026
Boab Metals has announced that 8,333,333 ordinary fully paid shares will be released from voluntary escrow on 1 May 2026. The release of these restricted securities will increase the freely tradable share float on the ASX, potentially affecting li...
Boab Metals Secures Long-Term Diesel Supply Deal for Sorby Hills Project
Apr 20, 2026
Boab Metals has secured a six-year diesel supply agreement for its Sorby Hills Silver-Lead-Zinc Project with CGL Fuel, a subsidiary of Cambridge Gulf Limited. The arrangement includes fuel delivery via Wyndham Port and onsite storage and dispensin...
Boab Metals Secures Final Mining Approval for Sorby Hills Project
Mar 29, 2026
Boab Metals has secured approval from Western Australia’s Department of Mines, Petroleum and Exploration for the Mining Proposal and Mine Closure Plan at its Sorby Hills silver-lead-zinc project in the East Kimberley. The decision provides t...
Boab Metals Director Restructures Shareholding via Off‑Market Transfer
Mar 25, 2026
Boab Metals has disclosed a change in director Richard Monti’s relevant interests in the company’s securities, following an off‑market transfer of fully paid ordinary shares. Monti transferred 494,286 ordinary shares, valued at $...
Boab Metals Confirms Secure Diesel Supply for Sorby Hills Project
Mar 19, 2026
Boab Metals has secured confirmation from regional supplier Cambridge Gulf Limited that diesel supplies for its East Kimberley operations, including construction at the Sorby Hills project, are assured in the near term. Current stocks in Wyndham a...
Boab Metals Updates Register After Internal Transfer of Director’s Shares
Mar 17, 2026
Boab Metals has disclosed a change in director Richard Monti’s indirect interest, involving the transfer of 1,561,586 fully paid ordinary shares between entities he controls. The off-market transaction moved the shares from Greatcity Corpora...
Boab Metals Files Interim Report and Highlights Governance Framework
Mar 10, 2026
Boab Metals Ltd has released its consolidated interim financial report for the half year ended 31 December 2025, outlining its corporate structure and regulatory framework. The report confirms the company’s ASX listing details, key governanc...
Boab Metals Added as S&P Dow Jones Revises March 2026 All Ordinaries Rebalance
Mar 10, 2026
SP Dow Jones Indices has updated the March 2026 quarterly rebalance for the All Ordinaries index, confirming that African Gold will not be added and American Rare Earths will remain in the benchmark. The revised changes include the addition of Boa...
S&P Dow Jones Indices Unveils March 2026 S&P/ASX Rebalance
Mar 6, 2026
SP Dow Jones Indices has announced the March 2026 quarterly rebalance of its SP/ASX indices, reshuffling membership across the 20, 50, 100, 200 and 300 benchmarks. The changes will take effect before trading opens on 23 March 2026, impacting index...
Boab Metals Positions Sorby Hills for Near-Term Silver-Lead Production
Feb 27, 2026
Boab Metals reported a strong financial and capital position as it advances its Sorby Hills silver-lead project toward production, following a final investment decision in late 2025. As of late February 2026, the company had a market capitalizatio...
Boab Metals Advances Sorby Hills Construction Toward 2027 Silver Output
Feb 25, 2026
Boab Metals has reported steady progress on construction and development at its Sorby Hills silver-lead project in Western Australia, following a final investment decision in late 2025. Early works, including completion of the mine-site camp pad, ...
Boab Metals Director Simon Noon Increases Indirect Shareholding at No Cost
Feb 10, 2026
Boab Metals Limited has disclosed a change in the indirect interests of director Simon Noon, who is a beneficiary of the Noon A/C trust. The filing reports the acquisition of 490,323 fully paid ordinary shares on 10 February 2026 at no considerati...
Boab Metals Issues MD Shares After Sorby Hills Construction Permits Secured
Feb 10, 2026
Boab Metals has issued 490,323 fully paid ordinary shares to its Managing Director following the conversion of Class A performance rights. The conversion was triggered by the achievement of a key milestone, namely the receipt of all necessary perm...
Boab Metals Seeks ASX Quotation for Additional Ordinary Shares
Feb 10, 2026
Boab Metals Limited has applied to the ASX for quotation of 490,323 new ordinary fully paid shares, expanding the number of securities on issue. The additional shares, which result from the exercise or conversion of existing options or other conve...
Boab Metals Secures Final Works Approval for Sorby Hills Construction
Feb 9, 2026
Boab Metals Limited has secured Part V Works Approval under Western Australia’s Environmental Protection Act 1986 for its Sorby Hills silver-lead-zinc project in the East Kimberley, marking the final major environmental regulatory approval n...
Boab Metals’ Managing Director Increases Indirect Shareholding via Trust
Feb 3, 2026
Boab Metals Limited has reported a change in the indirect interests of Managing Director and Director Simon Noon, who is a beneficiary of the Noon A/C trust. As of 3 February 2026, Noon’s indirect holding increased by 735,484 fully paid ordi...
Boab Metals Issues Shares to MD After Sorby Hills Investment Milestone
Feb 3, 2026
Boab Metals has issued 735,484 fully paid ordinary shares to its Managing Director following the conversion of Class B performance rights, triggered by the board’s approval of a Final Investment Decision for the Sorby Hills Project. The comp...
Boab Metals Seeks ASX Quotation for 735,484 New Ordinary Shares
Feb 3, 2026
Boab Metals Limited has applied for quotation on the ASX of 735,484 new ordinary fully paid shares, to trade under its existing ticker BML. The additional securities arise from the exercise or conversion of existing options or other convertible se...
Boab Metals Director Andrew Parker Increases Indirect Shareholding by 400,000 Shares
Feb 3, 2026
Boab Metals has disclosed a change in the relevant interests of director Andrew Parker, who holds his stake in the company primarily through the entity Treypark Pty Ltd , as well as directly and via a superannuation fund. On 2 February 2026, Parke...
Boab Metals Raises $19.6m and Converts Performance Rights After Milestone Achieved
Feb 2, 2026
Boab Metals has raised approximately $19.6 million through the issue of 48.9 million fully paid ordinary shares at $0.40 each to professional, sophisticated and institutional investors, following shareholder approval at a January 2026 general meet...
Boab Metals Seeks ASX Quotation for Nearly 49 Million New Shares
Feb 2, 2026
Boab Metals Limited has applied to the ASX for quotation of 48,942,892 new ordinary fully paid shares under its existing issuer code BML. The new securities, issued on 3 February 2026 following previously announced transactions, will expand the co...
Boab Metals Director Richard Monti Increases Equity Stake at No Cash Cost
Feb 2, 2026
Boab Metals Limited has reported a change in director Richard Monti’s interests in the company’s securities, as required under ASX listing rules, detailing his holdings of fully paid ordinary shares and various classes of director perf...
Boab Metals Director Gary Comb Increases Indirect Shareholding by 600,000 Shares
Feb 2, 2026
Boab Metals has disclosed a change in director Gary Comb’s indirect interest in the company’s securities, as required under ASX listing rules. Through his beneficiary interest in Bluedale Pty Ltd , Comb’s holding increased by 600...
Boab Metals MD Simon Noon Increases Indirect Shareholding by 2 Million Shares
Feb 2, 2026
Boab Metals Limited has disclosed a change in the indirect interests of Managing Director Simon Noon, who is a beneficiary of the Noon A/C, under ASX listing rule 3.19A.2. As of 2 February 2026, Noon’s indirect holding increased through the ...
Boab Metals Seeks ASX Quotation for 3.4 Million New Shares
Feb 2, 2026
Boab Metals Limited has applied to the ASX for quotation of 3.4 million new ordinary fully paid shares, to be traded under its existing ticker BML. The additional securities, issued on 2 February 2026 following the exercise or conversion of existi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.