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Boab Metals Ltd (AU:BML)
ASX:BML

Boab Metals Ltd (BML) AI Stock Analysis

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AU:BML

Boab Metals Ltd

(Sydney:BML)

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Neutral 50 (OpenAI - 5.2)
Rating:50Neutral
Price Target:
AU$0.70
▲(6.06% Upside)
Action:ReiteratedDate:02/13/26
The score is held back primarily by weak financial performance (declining revenue, ongoing losses, and negative operating cash flow). Technicals are a positive offset with a clear uptrend and supportive momentum, while valuation remains constrained by negative earnings and no dividend yield data.
Positive Factors
Low leverage
Low debt-to-equity gives Boab Metals financial flexibility to fund exploration and development without heavy interest burdens. Over a multi-month horizon this reduces refinancing risk, preserves optionality for project funding, and supports capital allocation into resource advancement rather than debt servicing.
Focused base-metals portfolio
A concentrated asset base in lead and zinc gives a clear business model and operational focus. For 2-6 months this provides management the ability to prioritize geology and development work, capture efficiencies across similar projects, and retain strategic exposure to industrial metal markets.
Improving free cash flow trend
A measurable uptick in free cash flow growth, even if modest, signals early progress in cash conversion. If sustained, this trend can reduce reliance on external funding, support staged project spending, and improve the company's ability to fund exploration and development over the coming months.
Negative Factors
Declining revenue
A material revenue decline weakens operational scale and reduces internal funding capacity for exploration and studies. Over 2-6 months this compresses runway for project advancement, increases per-unit fixed cost burden, and heightens dependency on external capital to sustain development.
Persistent negative margins
Sustained negative profitability implies the company is not generating returns on operations, eroding equity and limiting reinvestment. Without margin improvement, ongoing losses will continue to constrain cash retention and increase the likelihood of dilutive financing over the medium term.
Negative operating cash flow
Negative operating cash flow forces reliance on financing or asset sales to fund operations and projects. Over several months this raises execution risk on development timelines, increases dilution or debt needs, and reduces flexibility to capitalize on exploration opportunities.

Boab Metals Ltd (BML) vs. iShares MSCI Australia ETF (EWA)

Boab Metals Ltd Business Overview & Revenue Model

Company DescriptionBoab 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 Kimberley Region of Western Australia. The company was formerly known as Pacifico Minerals Limited and changed its name to Boab Metals Limited in January 2021. Boab Metals Limited was incorporated in 2003 and is headquartered in West Perth, Australia.
How the Company Makes MoneyBoab Metals Ltd generates revenue primarily through the sale of its mineral products, specifically nickel and copper concentrates. The company engages in the exploration and development of mining projects, which are then brought into production to extract these valuable minerals. Revenue is driven by the global demand for nickel and copper, particularly due to their critical roles in the energy transition and the manufacturing of batteries for electric vehicles. Key revenue streams include direct sales to industrial customers, long-term supply contracts, and potential partnerships with larger mining or industrial companies that may involve joint ventures or off-take agreements. Additionally, fluctuations in commodity prices and operational efficiency also significantly impact the company's earnings.

Boab Metals Ltd Financial Statement Overview

Summary
Weak fundamentals driven by a 27.2% revenue decline, persistent negative net/EBIT/EBITDA margins, and negative operating cash flow. Low leverage helps, but negative ROE and ongoing losses keep the financial profile pressured.
Income Statement
30
Negative
Boab Metals Ltd has experienced declining revenue growth, with a significant drop of 27.2% in the latest year. The company consistently reports negative net profit margins, indicating ongoing profitability challenges. EBIT and EBITDA margins are also negative, reflecting operational inefficiencies.
Balance Sheet
45
Neutral
The company's debt-to-equity ratio remains low, suggesting limited leverage risk. However, the return on equity is negative, indicating that the company is not generating sufficient returns on shareholders' equity. The equity ratio is stable, but overall financial health is weakened by persistent losses.
Cash Flow
35
Negative
Boab Metals Ltd shows a slight improvement in free cash flow growth, but operating cash flow remains negative. The operating cash flow to net income ratio is unfavorable, indicating cash flow challenges. The free cash flow to net income ratio suggests that cash flow is not supporting profitability.
BreakdownJun 2025Jun 2024Jun 2023Jun 2022Jun 2021
Income Statement
Total Revenue174.31K136.10K201.75K160.66K122.44K
Gross Profit174.31K136.10K201.75K160.66K122.44K
EBITDA-3.81M-3.31M-5.89M-6.72M-5.40M
Net Income-3.84M-3.32M-5.92M-6.80M-5.04M
Balance Sheet
Total Assets16.54M12.76M11.63M11.67M18.66M
Cash, Cash Equivalents and Short-Term Investments7.53M5.66M4.58M6.32M12.90M
Total Debt35.07K112.71K30.50K100.19K45.53K
Total Liabilities748.07K667.47K1.23M1.09M1.68M
Stockholders Equity15.79M12.09M10.39M10.58M16.98M
Cash Flow
Free Cash Flow-3.84M-3.67M-7.02M-6.53M-4.60M
Operating Cash Flow-3.83M-3.66M-5.38M-6.49M-4.55M
Investing Cash Flow-513.24K-2.70K-1.64M-24.27K148.40K
Financing Cash Flow6.21M4.75M5.27M-65.92K14.39M

Boab Metals Ltd Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.66
Price Trends
50DMA
0.53
Positive
100DMA
0.47
Positive
200DMA
0.34
Positive
Market Momentum
MACD
0.03
Negative
RSI
59.06
Neutral
STOCH
52.68
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BML, the sentiment is Positive. The current price of 0.66 is above the 20-day moving average (MA) of 0.59, above the 50-day MA of 0.53, and above the 200-day MA of 0.34, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 59.06 is Neutral, neither overbought nor oversold. The STOCH value of 52.68 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:BML.

Boab Metals Ltd Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
57
Neutral
€148.89M-50.00-1.95%21.74%
50
Neutral
AU$357.34M-40.18-27.55%-71.00%9.44%
48
Neutral
AU$81.41M-20.00-210.98%
46
Neutral
AU$69.13M-52.50-7.13%33.33%
45
Neutral
AU$61.37M-7.30-116.65%-11.33%
43
Neutral
AU$41.44M-6.89-13.86%-12.34%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:BML
Boab Metals Ltd
0.66
0.52
385.19%
AU:CRI
Venture Minerals Limited
0.03
<0.01
47.37%
AU:EPM
Eclipse Metals Ltd.
0.02
<0.01
40.00%
AU:PEX
Peel Mining Limited
0.18
0.07
63.64%
AU:RDM
Red Metal Limited
0.17
0.05
43.48%
AU:LEL
Lithium Energy Ltd.
0.37
0.00
0.00%

Boab Metals Ltd Corporate Events

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 consideration, increasing his indirect holding while leaving his existing direct shareholding and extensive performance rights package unchanged.

The update formalises Noon’s revised equity position in compliance with ASX listing rule 3.19A.2 and director disclosure requirements under the Corporations Act. This adjustment marginally increases director-aligned ownership in Boab Metals, which may be viewed positively by investors tracking insider holdings, without immediately altering the company’s capital structure or cash position.

The most recent analyst rating on (AU:BML) stock is a Buy with a A$1.70 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.

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 permit approvals to commence construction at the Sorby Hills Project, marking a significant step toward project execution and potential future production.

The company confirmed that the new shares were issued without a prospectus under the Corporations Act’s disclosure exemptions and that it is compliant with its financial reporting and continuous disclosure obligations. Boab also stated there is no undisclosed price-sensitive information related to this share issue, providing assurance to investors about regulatory compliance and the transparency of the company’s current information set.

The most recent analyst rating on (AU:BML) stock is a Buy with a A$1.70 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.

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 convertible securities, modestly increase the company’s equity base and free float, with implications for shareholder dilution and trading liquidity.

The new Boab Metals shares are scheduled to be quoted on 10 February 2026 under the existing BML code, maintaining continuity for market participants. This issuance reflects ongoing capital management activities and may support the company’s funding flexibility for future operational or strategic initiatives within the metals sector.

The most recent analyst rating on (AU:BML) stock is a Buy with a A$1.70 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.

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 needed to commence construction. The approval covers construction and operation of prescribed premises, including key processing and supporting infrastructure, enabling the company to move into full construction and finalise engineering for the mine site.

The Sorby Hills development is expected to generate significant economic and social benefits for the East Kimberley region, with Kununurra to serve as a key service and logistics hub supporting local jobs and regional contractors. Positioned as one of Australia’s largest undeveloped silver-lead projects and a potential long-life operation, Sorby Hills is set to strengthen local economic diversification while reinforcing Boab Metals’ growth trajectory in the base and precious metals sector.

The most recent analyst rating on (AU:BML) stock is a Hold with a A$0.45 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.

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 ordinary shares acquired for no cash consideration, with no disposals reported, underscoring an expansion of his equity exposure and alignment with shareholder interests through additional performance-linked securities.

The most recent analyst rating on (AU:BML) stock is a Hold with a A$0.58 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.

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 company also lodged a cleansing notice under section 708A(5)(e) of the Corporations Act, confirming the shares were issued without a prospectus, that it is compliant with its continuous disclosure and reporting obligations, and that there is no undisclosed price-sensitive information, thereby supporting market transparency for the new securities.

The most recent analyst rating on (AU:BML) stock is a Hold with a A$0.58 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.

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 securities, modestly increasing the company’s issued capital base and potentially enhancing liquidity for shareholders once the new shares commence trading.

The most recent analyst rating on (AU:BML) stock is a Hold with a A$0.58 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.

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, Parker’s indirect holding in Boab Metals increased by 400,000 fully paid ordinary shares at no consideration, lifting Treypark’s stake to 685,613 shares while his various performance rights holdings remained unchanged, signaling a higher level of director alignment with shareholder interests.

The most recent analyst rating on (AU:BML) stock is a Hold with a A$0.58 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.

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 meeting. The company has also issued a further 3.4 million ordinary shares after the achievement of a milestone linked to its Class B Performance Rights, a move that both strengthens its capital position and confirms progress against key performance targets, while formally notifying the market that the new shares were issued without a prospectus under the Corporations Act cleansing provisions.

The most recent analyst rating on (AU:BML) stock is a Hold with a A$0.58 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.

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 company’s quoted share capital, with implications for shareholder dilution and additional funding capacity depending on the underlying transaction terms, which were not detailed in the filing.

The most recent analyst rating on (AU:BML) stock is a Hold with a A$0.58 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.

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 performance rights. Monti has increased his direct holding by 400,000 ordinary shares at no cash consideration, lifting his personal stake to 494,286 shares while maintaining existing performance rights, a move that marginally strengthens director equity alignment with shareholders and signals continued executive exposure to the company’s share price performance.

The most recent analyst rating on (AU:BML) stock is a Hold with a A$0.58 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.

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 600,000 ordinary shares at no cash consideration, while his existing portfolio of ordinary shares and multiple classes of performance rights remains in place. The update reflects internal equity movements rather than a market transaction, and signals a further alignment of the director’s interests with those of shareholders.

The most recent analyst rating on (AU:BML) stock is a Hold with a A$0.58 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.

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 acquisition of 2,000,000 fully paid ordinary shares in the company for nil consideration, with no securities disposed, signalling an uplift in his equity exposure via the associated account and reinforcing his alignment with shareholder interests.

The most recent analyst rating on (AU:BML) stock is a Hold with a A$0.58 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.

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 existing options or other convertible instruments, modestly increase the company’s share base and provide it with additional equity capital, with potential implications for shareholder dilution and future funding flexibility.

The most recent analyst rating on (AU:BML) stock is a Hold with a A$0.58 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.

Boab Metals Secures A$350m to Greenlight Sorby Hills Silver-Lead Project
Jan 28, 2026

Boab Metals has secured over A$350 million in debt and equity funding and completed the acquisition of the remaining 25% of its Sorby Hills silver-lead-zinc project, enabling the board to make a Final Investment Decision and advance the operation to construction with early site works already under way and first production targeted for the second half of 2027. The funding package, supported by institutional investors and a strongly oversubscribed share purchase plan, together with a clean, non-dilutive project finance facility, positions Boab as a fully funded emerging producer whose projected cash flows are highly leveraged to the recent surge in silver prices, potentially enhancing returns for shareholders and strengthening its competitive standing in the Australian base and precious metals sector.

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.

Boab Metals Takes Full Control of Sorby Hills With 100% Project Acquisition
Jan 27, 2026

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.

Boab Metals Shareholders Back All Resolutions at General Meeting
Jan 23, 2026

Boab Metals Limited has confirmed that all resolutions presented at its 23 January 2026 General Meeting of Shareholders in Perth were passed on a poll, reflecting solid investor support for the company’s recent capital management initiatives. Shareholders ratified the prior issue of Tranche 1 shares under ASX Listing Rules 7.1 and 7.1A and approved the issue of Tranche 2 shares, cementing the company’s ability to proceed with its planned equity funding and maintaining compliance with listing rule placement capacity requirements, which collectively underpins Boab Metals’ capital structure and financial flexibility.

The most recent analyst rating on (AU:BML) stock is a Hold with a A$0.57 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.

Boab Metals’ Managing Director Increases Indirect Shareholding
Jan 19, 2026

Boab Metals Limited has disclosed a change in the indirect shareholding of Managing Director and director Simon Noon, in compliance with ASX listing rule 3.19A.2. Through the Noon A/C, of which he is a beneficiary, Noon acquired 31,339 fully paid ordinary shares at $0.40 per share on 14 January 2026, with no securities disposed; the transaction modestly increases his equity stake and further aligns his interests with those of shareholders while maintaining transparency over director-related dealings.

The most recent analyst rating on (AU:BML) stock is a Hold with a A$0.57 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.

Boab Metals Director Gary Comb Increases Indirect Shareholding
Jan 19, 2026

Boab Metals Limited has disclosed a change in the indirect security holdings of director Gary Comb, as required under ASX listing rules. Through Bluedale Pty Ltd , Comb acquired 31,339 additional ordinary shares at $0.40 per share on 14 January 2026, with no disposals reported, while retaining his existing portfolio of ordinary shares and multiple classes of director performance rights. The notification signals a modest increase in the director’s economic exposure to the company, which may be of interest to shareholders tracking insider ownership and alignment of management incentives with investor interests.

The most recent analyst rating on (AU:BML) stock is a Hold with a A$0.57 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.

Boab Metals Seeks ASX Quotation for 17.5 Million New Shares
Jan 14, 2026

Boab Metals Limited has applied for quotation on the ASX of 17,499,964 new fully paid ordinary shares under its BML ticker, with the securities issued on 14 January 2026. The move increases the company’s quoted capital base and reflects the formal listing of shares previously flagged to the market, potentially enhancing liquidity for existing investors and supporting Boab Metals’ ongoing funding and corporate activities.

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 Secures Full Project Funding as Oversubscribed SPP Caps A$350m War Chest
Jan 14, 2026

Boab Metals has completed an oversubscribed Share Purchase Plan, raising A$7 million after receiving applications totalling about A$17 million and closing the offer early due to strong shareholder demand. Together with recent equity raisings and a substantial senior debt facility, the company now has access to roughly A$350 million, providing full funding certainty for the development and construction of its Sorby Hills Silver-Lead Project through to first production in the second half of 2027, strengthening its balance sheet, eliminating the need for further equity for project development, and marking its transition toward near-term producer status.

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 Revises Key Dates for Share Purchase Plan and Securities Issue
Jan 6, 2026

Boab Metals Limited has updated details of its proposed securities issue, advising the market that it has revised the closing date for its Share Purchase Plan (SPP) and the corresponding share issue date. The update, lodged as an amendment to its earlier Appendix 3B filing from December 2025, confirms that the capital-raising initiatives, including the SPP and other placements, remain underway, signalling the company’s continuing efforts to secure funding and maintain compliance with ASX disclosure requirements for investors and other 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 Closes Oversubscribed Share Purchase Plan Early as It Advances Sorby Hills Project
Jan 6, 2026

Boab Metals has announced that its shareholder Share Purchase Plan, opened on 18 December 2025, has been oversubscribed and will therefore close earlier than originally scheduled, now set for 5:00 pm AWST on 7 January 2026. The company said the accelerated closure is intended to minimise the scale-back of applications, with new fully paid ordinary shares under the plan expected to be issued and quoted on the ASX in mid-January, and thanked investors for their support as it moves into its next stage of development as a silver-lead producer.

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 Greenlights Sorby Hills as It Shifts From Development to Project Delivery
Dec 24, 2025

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 Calls January 2026 General Meeting to Ratify and Approve Share Issues
Dec 23, 2025

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 Moves to Digital Delivery for January 2026 General Meeting
Dec 23, 2025

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 Raises $40.4m Through Institutional Share Placement
Dec 22, 2025

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 Seeks ASX Quotation for Over 101 Million New Shares
Dec 22, 2025

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 Expands Managing Director Simon Noon’s Performance Rights Package
Dec 22, 2025

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 Issues Additional Performance Rights to Director Richard Monti
Dec 22, 2025

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 Updates Director Gary Comb’s Performance Rights Holdings
Dec 22, 2025

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 . Following this award, Comb’s interest now comprises his existing ordinary shareholdings and earlier performance rights, plus new D, E and F class director performance rights expiring in December 2030, reflecting an updated long-term incentive structure for the director while leaving his ordinary share position unchanged.

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 Issues Over 10 Million Unquoted Performance Rights Under Incentive Scheme
Dec 21, 2025

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 Moves to 100% Ownership of Sorby Hills as Project Remains Fully Funded
Dec 19, 2025

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 Opens Share Purchase Plan to Raise A$7 Million
Dec 17, 2025

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 Advances Sorby Hills Project with Final Investment Decision
Dec 17, 2025

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 Announces Proposed Securities Issue to Bolster Growth
Dec 15, 2025

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 Secures Full Funding for Sorby Hills Project
Dec 15, 2025

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 Initiates Trading Halt for Capital Raising Announcement
Dec 11, 2025

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 Achieves Major Cost Reductions at Sorby Hills Project
Dec 10, 2025

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 Announces Change in Substantial Shareholder
Dec 4, 2025

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 Raises $44.99 Million Through Share Placement
Dec 4, 2025

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 Secures A$236 Million Debt Facility for Sorby Hills Project
Nov 27, 2025

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 Successfully Passes All AGM Resolutions
Nov 25, 2025

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 Retracts Financial Forecasts for Sorby Hills Project
Nov 25, 2025

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: Strategic Silver Production Focus at 2025 AGM
Nov 25, 2025

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.

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.Date of analysis: Feb 13, 2026