FINWIRES · TerminalLIVE
FINWIRES

ASX:BML

4 stories mentioning ASX:BML

Every FINWIRES story that references ASX:BML, newest first.

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