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6 stories mentioning ASX:BMLUpdated 8d ago

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Asia

Boab Metals Progresses Western Australia Project's Drilling Program to 60% Completion

Boab Metals (ASX:BML) encountered "encouraging" visual mineralization in multiple holes as part of recent drilling at its Sorby Hills silver-lead-zinc project in Western Australia, according to a Thursday filing with the Australian bourse.The company said roughly 60% of the planned growth drilling program at the project is now complete, with early geological observations reinforcing the potential to increase ore reserves and extend the mine's life.Boab Metals also intersected high-grade galena at the project's Norton deposit, supporting the potential expansion of a known high-grade zone, per the filing.

ASX:BML
Asia

Boab Metals Advances Western Australia Project Development

Boab Metals (ASX:BML) advanced construction activities at its Sorby Hills silver-lead project, with key infrastructure progressing on schedule, according to a Wednesday Australian bourse filing.The company said DeGrussa plant dismantling is underway, while key site infrastructure has been completed, and clearing of the run-of-mine pad, tailings storage facility, and haul road corridors has been finished ahead of schedule, per the filing.It added that the construction of the evaporation pond is progressing on schedule, with production of the first silver-lead concentrate expected to commence in the second half of 2027, the filing said.The company will release an updated project delivery plan this quarter with revised costs, an enhanced ore reserve, and an optimized mine plan reflecting higher silver prices, the filing added.The company's shares rose 1% in recent Wednesday trade.

ASX:BML
Asia

Boab Metals to Complete Acquisition of Western Australia Processing Plant Following Satisfaction of Conditions Precedent; Shares Fall 4%

Boab Metals (ASX:BML) said all conditions precedent to the completion of the agreement with Sandfire Resources (ASX:SFR) to acquire the DeGrussa processing plant for use at Boab's Sorby Hills silver-lead project were satisfied, according to a Monday Australian bourse filing.The completion of the transaction will occur in the coming days, and the plant will be dismantled and relocated to the Meekatharra region of Western Australia to Sorby Hills.Boab's shares fell 4% in recent trading on Monday, while those of Sandfire fell 3%.

ASX:BMLASX:SFR
Asia

Boab Metals Starts 2026 Exploration Program at Two Western Australia Projects

Boab Metals (ASX:BML) said it has started its 2026 brownfield and greenfield exploration programs at its Sorby Hills Project and the nearby Manbarrum Project in Western Australia, with a drill rig arrival on site scheduled for May 22, according to a Wednesday Australian bourse filing.The company said the phase IX program will target resource-to-reserve conversion drilling through infill and tighter drill spacing on the margins of known mineralization, as well as follow-up drilling of the high-silver Beta Deposit.The initial program covers up to 5,000 meters across about 45 drill holes, with the campaign expected to run for about three to four months and assay results anticipated from the early fourth quarter of 2026, the filing added.The company's shares rose 1% in recent Wednesday trade.

ASX:BML
Asia

Boab Metals Obtains AU$236 Million Syndicated Facility to Finance Western Australia Project; Shares Up 5%

Boab Metals (ASX:BML) entered a full form syndicated facility agreement for AU$236 million equivalent of debt facilities to finance the development of its Sorby Hills silver-lead project in Western Australia, according to a Monday filing with the Australian bourse.The agreement, arranged by Merricks Capital and Davidson Kempner Capital Management, splits the debt facilities equally between Australian dollar tranches of AU$118 million and US dollar tranches of $84.4 million, per the filing.The company said it expects to make the first drawdown on the facility in the third quarter.It added that Sorby Hills is on track for first concentrate production in the second half of 2027.Shares of Boab Metals gained about 5% in recent Monday trade.

ASX:BML
Asia

Boab Metals Unit Signs Six-Year Diesel Supply Deal With CGL Fuel

Boab Metals (ASX:BML) said that its subsidiary Sorby Management has entered into a six-year diesel supply agreement with CGL Fuel, a subsidiary of Cambridge Gulf, to support operations at the Sorby Hills silver-lead-zinc project, according to a Tuesday filing with the Australian bourse.The agreement secures a reliable long-term diesel supply for the construction, commissioning, and operational phases, enhancing the project's readiness ahead of its planned first concentrate production in the second half of 2027, per the filing.The agreement secures supply via Wyndham Port with direct site delivery, includes onsite fuel storage and dispensing, and improves cost certainty and operational stability as the project advances, the filing added.The company's shares fell 1% in recent Tuesday trade.

ASX:BML

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