Boab Metals Extends Option to Secure Full Ownership of Sorby Hills Project.

Boab Metals Limited (ASX: BML) has announced an extension of its option agreement with Henan Yuguang (Australia) Pty Ltd to acquire the remaining 25% interest in the Sorby Hills Project, extending the option period to 31 December 2025. This move allows Boab additional time to advance key work streams ahead of a targeted Final Investment Decision (FID) in Q4 2025.

Since entering the agreement in September 2024, Boab has strengthened the project’s development outlook through several milestones, including securing a binding offtake and US$30 million prepayment facility with Trafigura, acquiring Sandfire Resources’ DeGrussa Processing Plant for relocation to Sorby Hills, and obtaining state and federal environmental approvals, including EPBC Act clearance. The company is now focused on finalising financing discussions and regulatory approvals to support its FID. Achieving full ownership of Sorby Hills is expected to significantly enhance Boab’s strategic positioning in lead-silver development within Western Australia.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com