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Boab Metals Ltd (AU:BML)
ASX:BML
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Boab Metals Ltd (BML) AI Stock Analysis

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AU:BML

Boab Metals Ltd

(Sydney:BML)

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Neutral 46 (OpenAI - 4o)
Rating:46Neutral
Price Target:
AU$0.50
▲(31.58% Upside)
Boab Metals Ltd's overall stock score is primarily impacted by its financial performance, which is challenged by declining revenues and persistent losses. Technical analysis provides mixed signals, with some longer-term support but short-term weakness. The valuation is unattractive due to negative earnings and lack of dividends. Improving operational efficiency and revenue growth are crucial for enhancing financial stability.

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

Boab Metals Ltd Business Overview & Revenue Model

Company DescriptionBoab Metals Ltd (BML) is an emerging Australian mining company focused on the exploration and development of mineral resources, particularly in the sectors of nickel, copper, and cobalt. The company aims to provide sustainable and economically viable mining solutions, leveraging advanced technologies and environmentally responsible practices. BML's core products include high-grade nickel and copper concentrate, which are essential for various industrial applications, including electric vehicles and renewable energy technologies.
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
Boab Metals Ltd faces significant financial challenges, with declining revenues and persistent losses impacting profitability. While leverage is low, the company struggles with cash flow generation and return on equity. Continued focus on improving operational efficiency and revenue growth is crucial for financial stability.
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.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue174.31K174.31K136.10K201.75K160.66K122.44K
Gross Profit174.31K174.31K136.10K201.75K160.66K122.44K
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 Assets16.54M16.54M12.76M11.63M11.67M18.66M
Cash, Cash Equivalents and Short-Term Investments7.53M7.53M5.66M4.58M6.32M12.90M
Total Debt35.07K35.07K112.71K30.50K100.19K45.53K
Total Liabilities748.07K748.07K667.47K1.23M1.09M1.68M
Stockholders Equity15.79M15.79M12.09M10.39M10.58M16.98M
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-24.27K148.40K
Financing Cash Flow6.21M6.21M4.75M5.27M-65.92K14.39M

Boab Metals Ltd Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price0.38
Price Trends
50DMA
0.40
Negative
100DMA
0.29
Positive
200DMA
0.22
Positive
Market Momentum
MACD
>-0.01
Negative
RSI
48.81
Neutral
STOCH
30.07
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 0.38 is above the 20-day moving average (MA) of 0.38, below the 50-day MA of 0.40, and above the 200-day MA of 0.22, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 48.81 is Neutral, neither overbought nor oversold. The STOCH value of 30.07 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

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%
46
Neutral
AU$100.65M-21.17-27.55%-71.00%9.44%
42
Neutral
AU$65.61M-7.13%33.33%
40
Neutral
€76.19M-27.78-1.95%21.74%
40
Neutral
AU$51.24M-5.97-116.65%-11.33%
39
Underperform
AU$41.44M-13.86%-12.34%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:BML
Boab Metals Ltd
0.36
0.23
176.92%
AU:CRI
Venture Minerals Limited
0.03
0.02
150.00%
AU:EPM
Eclipse Metals Ltd.
0.02
<0.01
33.33%
AU:PEX
Peel Mining Limited
0.12
<0.01
4.35%
AU:RDM
Red Metal Limited
0.12
0.02
20.00%
AU:LEL
Lithium Energy Ltd.
0.37
0.00
0.00%

Boab Metals Ltd Corporate Events

Boab Metals Advances Sorby Hills Project with Key Approvals and Funding
Oct 27, 2025

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 Commences Early Works at Sorby Hills Project
Oct 26, 2025

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 Begins Trading on U.S. OTCQB Market
Oct 24, 2025

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 Announces 2025 AGM and Key Resolutions
Oct 24, 2025

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 Announces Digital-First Approach for Upcoming AGM
Oct 24, 2025

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 Confirms Stability in Resource Estimates for Sorby Hills Project
Oct 22, 2025

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 Raises Over $5 Million in Share Placement
Oct 21, 2025

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 Announces Quotation of New Securities on ASX
Oct 21, 2025

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 Announces Proposed Issue of 125 Million Securities
Oct 14, 2025

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 Secures A$50 Million for Sorby Hills Project Development
Oct 14, 2025

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 Initiates Trading Halt for Capital Raising Announcement
Oct 10, 2025

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 Targets U.S. OTCQB Listing Amid Silver Market Surge
Oct 5, 2025

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.

Boab Metals Attributes Trading Activity to Positive Research and Market Conditions
Sep 23, 2025

Boab Metals Ltd has responded to an ASX query regarding recent trading activity in its securities, stating that it is not aware of any unpublished price-sensitive information that could explain the activity. However, the company attributes increased investor interest to positive research coverage highlighting the value of its Sorby Hills Project and favorable market conditions with rising silver prices. The Sorby Hills Project’s advanced stage and near-term production potential position Boab Metals favorably in the market.

The most recent analyst rating on (AU:BML) stock is a Buy with a A$0.60 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 Releases 2025 Corporate Governance Statement
Sep 22, 2025

Boab Metals Ltd has released its Corporate Governance Statement for the financial year ending June 30, 2025, detailing its adherence to the ASX Corporate Governance Council’s principles. The company has not formed separate committees due to its current size and complexity, opting for the Board to oversee all governance aspects. The Board’s composition and skills are periodically reviewed to ensure alignment with the company’s scope and activities.

The most recent analyst rating on (AU:BML) stock is a Buy with a A$0.60 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 Releases 2025 Annual Report
Sep 22, 2025

Boab Metals Limited has released its annual report for the year ended June 30, 2025, detailing its corporate structure and financial standing. The report highlights the company’s continued focus on its mining operations and strategic positioning within the industry, aiming to enhance shareholder value and operational efficiency.

The most recent analyst rating on (AU:BML) stock is a Buy with a A$0.60 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 Reaffirms Stability in Sorby Hills Project
Sep 15, 2025

Boab Metals Ltd has released a corporate presentation detailing updates on their Sorby Hills Project, confirming that there have been no material changes to the Mineral Resource Estimate or Ore Reserve Statement since their last reports. The company continues to rely on previously disclosed assumptions and technical parameters, which remain unchanged, ensuring stakeholders that the project’s potential remains intact. This announcement highlights the company’s commitment to transparency and stability in its operations, reinforcing its position in the mining sector.

The most recent analyst rating on (AU:BML) stock is a Buy with a A$0.40 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.

Boab Metals Appoints New Project Director for Sorby Hills
Sep 11, 2025

Boab Metals Limited has appointed Russell Taylor as Project Director for its Sorby Hills Silver-Lead-Zinc Project in Western Australia. Taylor, a seasoned mining executive with extensive experience in mine planning and project delivery, will lead the project towards commercial production. This appointment is seen as a significant step in advancing the project, which is crucial for delivering long-term value to shareholders and stakeholders.

The most recent analyst rating on (AU:BML) stock is a Buy with a A$0.40 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.

Boab Metals Extends Option for Full Acquisition of Sorby Hills Project
Sep 8, 2025

Boab Metals Limited has extended its option agreement with Henan Yuguang to acquire a full interest in the Sorby Hills Project until December 2025. This extension allows Boab to finalize necessary workstreams before a Final Investment Decision. The company has secured strategic agreements, including a binding offtake contract with Trafigura and a Sale and Purchase Agreement for the DeGrussa Processing Plant, enhancing project viability and reducing risks. Environmental approvals have been received, and Boab is in discussions with potential financiers to secure regulatory approvals, paving the way for a final decision and full acquisition of the project.

The most recent analyst rating on (AU:BML) stock is a Buy with a A$0.40 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 EPBC Approval for Sorby Hills Project
Sep 3, 2025

Boab Metals Limited has received Federal EPBC Act approval for its Sorby Hills Project, allowing the development of an open-pit operation and necessary infrastructure. This milestone provides certainty and confidence for the project’s advancement, with a Final Investment Decision targeted for Q4 2025.

The most recent analyst rating on (AU:BML) stock is a Buy with a A$0.40 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: Nov 19, 2025