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Boab Metals Ltd
(Sydney:BML)
Boab Metals Ltd (BML) vs. iShares MSCI Australia ETF (EWA)
Boab Metals Ltd Business Overview & Revenue Model
Boab Metals Ltd Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 174.31K | 174.31K | 136.10K | 201.75K | 160.66K | 122.44K |
| Gross Profit | 174.31K | 174.31K | 136.10K | 201.75K | 160.66K | 122.44K |
| EBITDA | -3.81M | -3.81M | -3.31M | -5.89M | -6.72M | -5.40M |
| Net Income | -3.84M | -3.84M | -3.32M | -5.92M | -6.80M | -5.04M |
Balance Sheet | ||||||
| Total Assets | 16.54M | 16.54M | 12.76M | 11.63M | 11.67M | 18.66M |
| Cash, Cash Equivalents and Short-Term Investments | 7.53M | 7.53M | 5.66M | 4.58M | 6.32M | 12.90M |
| Total Debt | 35.07K | 35.07K | 112.71K | 30.50K | 100.19K | 45.53K |
| Total Liabilities | 748.07K | 748.07K | 667.47K | 1.23M | 1.09M | 1.68M |
| Stockholders Equity | 15.79M | 15.79M | 12.09M | 10.39M | 10.58M | 16.98M |
Cash Flow | ||||||
| Free Cash Flow | -3.84M | -3.84M | -3.67M | -7.02M | -6.53M | -4.60M |
| Operating Cash Flow | -3.83M | -3.83M | -3.66M | -5.38M | -6.49M | -4.55M |
| Investing Cash Flow | -513.24K | -513.24K | -2.70K | -1.64M | -24.27K | 148.40K |
| Financing Cash Flow | 6.21M | 6.21M | 4.75M | 5.27M | -65.92K | 14.39M |
Boab Metals Ltd Technical Analysis
Boab Metals Ltd Peers Comparison
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% | |
57 Neutral | AU$137.78M | -45.83 | -1.95% | ― | ― | 21.74% | |
48 Neutral | AU$240.01M | -28.53 | -27.55% | ― | -71.00% | 9.44% | |
47 Neutral | AU$92.17M | -70.00 | -7.13% | ― | ― | 33.33% | |
44 Neutral | AU$81.50M | -18.57 | -210.98% | ― | ― | ― | |
43 Neutral | AU$41.44M | -6.89 | -13.86% | ― | ― | -12.34% | |
40 Neutral | AU$55.61M | -6.64 | -116.65% | ― | ― | -11.33% |
Boab Metals Ltd Corporate Events
Boab Metals has capped a pivotal year by approving the Final Investment Decision for its Sorby Hills Silver-Lead Project, marking its transition from a developer to a project delivery organisation. During 2025, the company reduced forecast capital costs through engineering and optimisation, secured key approvals, acquired the DeGrussa process plant to cut capex and execution risk, and moved to full ownership of Sorby Hills, while locking in both equity and debt funding to underpin construction and target first concentrate production in the second half of 2027 amid supportive silver market conditions.
The most recent analyst rating on (AU:BML) stock is a Hold with a A$0.44 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.
Boab Metals Limited has called a general meeting of shareholders to be held in Perth on 23 January 2026, setting a record date of 21 January 2026 for voting eligibility and urging investors to lodge proxy forms if they cannot attend in person. The key business of the meeting is to ratify previous issuances of Tranche 1 shares under ASX Listing Rules 7.1 and 7.1A and to seek approval for the issue of up to 48,942,892 Tranche 2 shares, decisions that will affect the company’s capital structure and potentially its capacity to raise funds and pursue corporate or project initiatives.
The most recent analyst rating on (AU:BML) stock is a Hold with a A$0.44 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.
Boab Metals Limited has called a General Meeting of shareholders to be held in person in Perth on 23 January 2026, and has outlined how investors can access the Notice of Meeting and related documents electronically in line with updated Corporations Act provisions. The company is shifting away from default hard-copy mailouts, instead directing shareholders to its website, ASX announcements and share registry portal, while strongly encouraging the use of online or proxy voting, signalling a continued move toward digital governance and streamlined investor engagement processes.
The most recent analyst rating on (AU:BML) stock is a Hold with a A$0.44 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.
Boab Metals Limited has completed the first tranche of a capital raising, issuing 101,057,108 fully paid ordinary shares at $0.40 per share to professional, sophisticated and institutional investors, raising $40.4 million before costs under its ASX Listing Rule 7.1 and 7.1A placement capacity. The company has confirmed that the shares were issued without a prospectus under the Corporations Act disclosure exemptions and that it remains compliant with its continuous disclosure and financial reporting obligations, signalling regulatory adherence and providing additional funding flexibility for its ongoing operations and growth plans.
The most recent analyst rating on (AU:BML) stock is a Hold with a A$0.44 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.
Boab Metals Ltd has applied to the ASX for quotation of 101,057,108 new fully paid ordinary shares under the code BML, with an issue date of 19 December 2025. The move significantly increases the company’s quoted share base, indicating a substantial capital or transaction-related step that may affect ownership structure and market liquidity for existing and prospective shareholders.
The most recent analyst rating on (AU:BML) stock is a Hold with a A$0.44 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.
Boab Metals Limited has disclosed a change in the relevant interests of Managing Director and Director Simon Noon, who holds his indirect interest through the Noon A/C. Prior to the change, Noon held fully paid ordinary shares directly and indirectly, along with a series of B and C Class director performance rights, and on 18 December 2025 he was granted 5,225,807 additional zero-priced MD and director performance rights with various vesting conditions, extending his overall portfolio of A, B, C, D, E and F Class performance rights out to expiry dates in 2027 and 2030, thereby further aligning his remuneration with the company’s long-term performance and shareholder outcomes.
The most recent analyst rating on (AU:BML) stock is a Hold with a A$0.44 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.
Boab Metals Limited has updated the market on a change in the interests of director Richard Monti, in line with ASX disclosure requirements. The company reported that Monti has been issued 1.5 million zero-priced director performance rights across new D, E and F class tranches, with various vesting conditions and expiries out to 2030, following shareholder approval at the 25 November 2025 AGM. His existing shareholding and earlier tranches of performance rights remain unchanged, indicating this move is part of the company’s ongoing equity-based remuneration structure for directors rather than a change in his ordinary share position.
The most recent analyst rating on (AU:BML) stock is a Hold with a A$0.44 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.
Boab Metals has announced a change in director Gary Comb’s relevant interest in the company’s securities, disclosing that he has been issued 2,000,000 zero-priced director performance rights through his indirect holding vehicle, Bluedale Pty Ltd
The most recent analyst rating on (AU:BML) stock is a Hold with a A$0.44 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.
Boab Metals Limited has notified the market of the issue of 10,225,807 unquoted performance rights under its employee incentive scheme, which are not intended to be quoted on the ASX. The new equity awards, effective 18 December 2025, increase the company’s pool of employee-based securities and are likely aimed at aligning staff incentives with shareholder interests and supporting retention and performance as the company advances its strategic and operational objectives.
The most recent analyst rating on (AU:BML) stock is a Hold with a A$0.44 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.
Boab Metals has exercised its option to acquire Yuguang (Australia) Pty Ltd’s 25% stake in the Sorby Hills Silver-Lead Project in Western Australia, giving it full ownership of the asset for an upfront payment of A$12.5 million plus deferred payments of A$10.5 million after production begins. With all recent capital raisings structured on a 100%-ownership basis and project capex already funded, the company says Sorby Hills remains fully financed through to first concentrate production, targeted for the second half of 2027, giving Boab full control over marketing an estimated 897,000 tonnes of concentrate and greater leverage to higher silver prices, which management notes are now more than double the level assumed in earlier project studies.
The most recent analyst rating on (AU:BML) stock is a Hold with a A$0.44 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.
Boab Metals Ltd has announced the opening of its Share Purchase Plan (SPP), allowing eligible shareholders in Australia and New Zealand to purchase up to A$30,000 worth of new ordinary shares at A$0.40 each, identical to the price offered under the recently announced placement aiming to raise up to A$60 million. The SPP, with a goal of raising up to A$7 million, offers shareholders an optional and transaction-cost-free investment opportunity, with final allocation decisions at the Board’s discretion, signaling the company’s strategic financial positioning and commitment to shareholder inclusivity.
The most recent analyst rating on (AU:BML) stock is a Hold with a A$0.44 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.
Boab Metals Limited has made a Final Investment Decision for the Sorby Hills Silver-Lead Project, marking a significant milestone in its transition from a developer to a producer. The project is fully funded with A$110 million raised from equity markets and a A$236 million project finance debt facility. This decision enables Boab to rapidly advance project development activities, with first production targeted for the second half of 2027. The company aims to capitalize on favorable silver and lead market conditions while focusing on capital discipline and execution certainty. The project is expected to deliver sustainable value for shareholders and economic benefits for the East Kimberley community.
The most recent analyst rating on (AU:BML) stock is a Hold with a A$0.44 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.
Boab Metals Ltd has announced a proposed issue of securities, including a securities purchase plan and a placement, totaling up to 167.5 million ordinary fully paid shares. This move is aimed at raising capital to support the company’s growth and operational strategies. The issuance is expected to impact the company by providing additional financial resources, potentially enhancing its market position and offering value to stakeholders.
The most recent analyst rating on (AU:BML) stock is a Hold with a A$0.44 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.
Boab Metals Ltd has successfully secured firm commitments to raise up to A$60 million through a two-tranche institutional placement, alongside launching a Share Purchase Plan to raise an additional A$7 million. This capital raising, combined with existing cash and a recent A$236 million debt facility, ensures full funding for the Sorby Hills Project to reach its first production phase. The improved offtake terms and the elimination of the Trafigura Prepayment Facility highlight the project’s strengthened financial position. The company anticipates making a Final Investment Decision soon, marking a significant step in its strategic development and offering potential value to stakeholders.
The most recent analyst rating on (AU:BML) stock is a Hold with a A$0.44 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.
Boab Metals Limited has requested a trading halt on its securities pending an announcement concerning a capital raising. The halt is expected to last until either the commencement of normal trading on December 15, 2025, or the release of the announcement. This move indicates a significant financial maneuver by the company, potentially impacting its market position and stakeholder interests.
The most recent analyst rating on (AU:BML) stock is a Hold with a A$0.42 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.
Boab Metals Ltd has announced significant cost savings and a reduced timeline for the Sorby Hills Lead-Silver Project, with a minimum A$20 million reduction in capital costs for the processing plant and an additional A$5 million saved on early works. These savings, alongside a secured A$236 million debt facility, position the company favorably for a final investment decision, enhancing the project’s economic viability amidst ongoing construction inflation challenges.
The most recent analyst rating on (AU:BML) stock is a Hold with a A$0.42 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.
Boab Metals Limited has announced that Villiers Queensland Pty Limited, as Trustee for the Paul Brosnan Trust, has ceased to be a substantial holder in the company as of December 4, 2025. This change in substantial holding could impact the company’s shareholder structure and influence its market positioning, potentially affecting stakeholder interests.
The most recent analyst rating on (AU:BML) stock is a Hold with a A$0.51 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.
Boab Metals Limited has successfully raised approximately $44.99 million through the issuance of 112,484,559 fully paid ordinary shares to professional, sophisticated, and institutional investors at $0.40 per share. This capital raising, approved at the company’s recent AGM, strengthens Boab Metals’ financial position and supports its strategic initiatives, potentially enhancing its market presence and operational capabilities.
The most recent analyst rating on (AU:BML) stock is a Hold with a A$0.51 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.
Boab Metals Limited has secured a binding commitment for a A$236 million debt facility from Merricks Capital and Davidson Kempner to fund the development of its Sorby Hills Project in Western Australia. This clean debt structure, which avoids shareholder dilution, marks a significant milestone for the company, enabling it to proceed with project execution activities and maintain full exposure to potential silver price increases. The company plans to make a Final Investment Decision in Q4 2025, with the first drawdown of the facility expected in the second half of 2026, indicating a strategic step forward in its project timeline.
The most recent analyst rating on (AU:BML) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.
Boab Metals Ltd announced that all resolutions proposed at its Annual General Meeting were successfully passed. This outcome reflects positively on the company’s governance and strategic direction, potentially strengthening its position in the mining industry and providing reassurance to stakeholders about its future plans.
The most recent analyst rating on (AU:BML) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.
Boab Metals Limited has retracted its forecast financial information related to the Sorby Hills Project, specifically concerning the impact of spot prices for lead, silver, and other factors on the project’s net present value (NPV) and internal rate of return (IRR). The company advises shareholders not to rely on these forward-looking statements, indicating a cautious approach to financial projections and market communications.
The most recent analyst rating on (AU:BML) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.
Boab Metals Ltd presented its 2025 Annual General Meeting, emphasizing its status as a near-term producer with operations closely tied to silver price movements. The company’s recent studies, including the Sorby Hills Definitive Feasibility Study and FEED Study, underpin its production targets and financial forecasts, reinforcing its strategic positioning in the mining sector.
The most recent analyst rating on (AU:BML) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.
Boab Metals Limited has made significant progress in advancing its Sorby Hills Project, receiving crucial environmental approval and appointing Russell Taylor as the Project Director. The company has also announced a A$50 million capital raising to fund early works and the acquisition of the remaining interest in the project. With the commencement of early works, Boab is transitioning from planning to physical construction, aiming for a final investment decision by the end of 2025. The project’s financial outlook is bolstered by a favorable increase in silver prices, enhancing its free cash flow potential.
The most recent analyst rating on (AU:BML) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.
Boab Metals Ltd has commenced early works at the Sorby Hills Silver-Lead-Zinc Project, marking a key milestone in the development of the mine. The early works involve critical preparatory activities such as road construction, foundation establishment for the processing plant, and infrastructure development. This phase is crucial for ensuring efficient project progression post the wet season, with the company emphasizing local industry support and economic development. The transition from planning to physical construction is bolstered by recent investor support, which has provided confidence and resources to advance the project and reduce development risks.
The most recent analyst rating on (AU:BML) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.
Boab Metals Limited has commenced trading on the OTCQB Venture Market in the United States under the ticker code ‘BMLQF’, aiming to enhance market awareness and expand its international shareholder base. This move provides U.S.-based investors with improved accessibility to trade in Boab shares, supporting the company’s broader strategy while maintaining its primary listing on the Australian Securities Exchange.
The most recent analyst rating on (AU:BML) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.
Boab Metals Limited has announced its Annual General Meeting, scheduled for November 25, 2025, at the Australian Institute of Company Directors in Perth. The meeting will address the company’s annual report and consider resolutions including the adoption of the Remuneration Report and the re-election of Director Gary Comb. Shareholders are encouraged to participate and vote, with eligibility determined by registration as of November 21, 2025.
The most recent analyst rating on (AU:BML) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.
Boab Metals Limited has announced its Annual General Meeting (AGM) for shareholders, scheduled to take place on November 25, 2025, in Perth. The company has opted not to send hard copies of the Notice of Meeting, instead providing access through its website, share registry, and ASX announcements platform. Shareholders are encouraged to submit proxy votes online or via a personalized proxy form. This move reflects a shift towards digital communication, potentially impacting shareholder engagement and accessibility.
The most recent analyst rating on (AU:BML) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.
Boab Metals Ltd has provided updates on its Sorby Hills Project, confirming that there are no new material changes to the Mineral Resource Estimate, Ore Reserve Statement, or exploration results. These confirmations indicate stability in the company’s resource estimates and production targets, which are crucial for its ongoing operations and investor confidence.
The most recent analyst rating on (AU:BML) stock is a Buy with a A$0.77 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.
Boab Metals Ltd has successfully issued 12,515,441 fully paid ordinary shares at $0.40 each, raising over $5 million from professional and institutional investors. This move, under the company’s 15% placement capacity, is part of a broader capital raising strategy, with a second tranche planned pending shareholder approval, potentially strengthening its financial position and market presence.
The most recent analyst rating on (AU:BML) stock is a Buy with a A$0.77 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.
Boab Metals Ltd has announced the quotation of 12,515,441 fully paid ordinary securities on the Australian Securities Exchange as of October 21, 2025. This move is part of a previously announced transaction, potentially impacting the company’s market presence and offering liquidity to its stakeholders.
The most recent analyst rating on (AU:BML) stock is a Buy with a A$0.77 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.
Boab Metals Limited has announced a proposed issue of 125,000,000 ordinary fully paid securities, with the issue date set for October 20, 2025. This strategic move is aimed at raising capital, which could enhance the company’s operational capabilities and strengthen its position in the mining industry, potentially benefiting stakeholders through increased resource development and production efficiency.
The most recent analyst rating on (AU:BML) stock is a Buy with a A$0.77 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.
Boab Metals Limited has successfully secured A$50 million through a two-tranche placement to advance its Sorby Hills Silver-Lead Project. The funds will be used for early development works, acquiring the remaining 25% interest in the project, and funding the acquisition of the DeGrussa plant. This capital injection is expected to accelerate the project’s development and strengthen Boab’s position in the industry, with new and existing investors showing strong support.
The most recent analyst rating on (AU:BML) stock is a Buy with a A$0.77 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.
Boab Metals Limited has requested a trading halt on its securities pending an announcement regarding a capital raising. The halt will remain in effect until the start of normal trading on October 14, 2025, or until the announcement is made. This move indicates a strategic financial maneuver that could impact the company’s market position and stakeholder interests.
The most recent analyst rating on (AU:BML) stock is a Buy with a A$0.77 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.
Boab Metals Limited has initiated the process to list its shares on the U.S. OTCQB Venture Market, aiming to expand its investor base and enhance liquidity by allowing U.S. investors to trade in U.S. dollars. This move is strategically timed with the rising silver prices and the metal’s inclusion in the U.S. Critical Minerals List, highlighting its importance in clean energy and technology. The Sorby Hills Project, one of the most advanced undeveloped lead-silver projects globally, positions Boab as a potential key player in supplying critical metals for the global energy transition.
The most recent analyst rating on (AU:BML) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.