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Boab Metals Limited is advancing a large, near-surface, lead-silver-zinc Project in Western Australia.

Boab Metals Limited (ASX:BML) owns 75% of the Sorby Hills Joint Venture Project, which is edging closer to development following outstanding drilling success and a recent Resource update (44.1Mt of 4.5% Pb equivalent (3.3% Pb, 38g/t Ag) and 0.5% Zn). Sorby Hills is located 50km from the regional centre of Kununurra in the East Kimberley and has existing sealed roads to transport concentrate from site to the facilities at Wyndham Port, a distance of 150km. Established infrastructure and existing permitting allows for fast track production. Boab's joint venture partner, with a 25% contributing interest, is Henan Yuguang Gold and Lead Co. Ltd. Henan Yuguang is China's largest lead smelting enterprise and silver producer.

Boab is pleased to present the results of the recently completed Pre-Feasibility Study and Ore Reserve Statement for its Sorby Hills Project.

Why Invest in Boab Metals Limited?

Company Highlights

  • Australia's largest undeveloped, near-surface Lead-Silver-Zinc deposit.
  • Rare ASX exposure to Silver markets.
  • Fully funded through to a decision to mine.
  • Near term opportunities to add significant value.
  • Experienced board and management with a proven track record in exploration and development. 

Sorby Hills Project Highlights

  • Partnered with China's largest lead smelting and silver producer to develop the Sorby Hills Project. 
  • Low risk operation located in a Tier 1 mining jurisdiction, close to exisiting infrastructure.
  • Well-defined large-scale mineral resource.
  • Initial 10-year mine life processing 15Mt ore.
  • Key approvals secured, significantly derisking future development. 
  • Impressive economics including modest CAPEX and fast payback. 
  • Technically robust project with simple, well understood geology and metallurgy. 
  • Reaching key investment catalysts with recent PFS and Ore Reserve Statement.
  • Offtake and financing discussions underway.

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