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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% | |
48 Neutral | AU$179.88M | -27.30 | -27.55% | ― | -71.00% | 9.44% | |
42 Neutral | AU$69.13M | -52.50 | -7.13% | ― | ― | 33.33% | |
40 Neutral | AU$104.32M | -34.72 | -1.95% | ― | ― | 21.74% | |
40 Neutral | AU$49.86M | -5.75 | -116.65% | ― | ― | -11.33% | |
39 Underperform | AU$41.44M | -6.89 | -13.86% | ― | ― | -12.34% |
Boab Metals Ltd Corporate Events
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.