Boab Metals Limited provides update on successful completion of drilling program

Boab Metals Limited (ASX:BML) has successfully completed its short Phase VIII drilling campaign at its 75% owned Sorby Hills Lead-Silver-Zinc Project in the Kimberley Region of Western Australia. The drilling program comprised 4 deep sonic/diamond drill holes for a total of 1,352m and was completed ahead of schedule and within budget. Visual results indicate a major exploration success and support planning of an extensive exploration drilling campaign at the new KEEP discovery. Assay results are anticipated to be received in early Q4 2024.

Boab Managing Director and CEO, Simon Noon, comments on the successful drilling campaign

We are pleased to report the successful completion of our 2024 drilling campaign and furthermore that the Keep Seismic Target is continuing to show positive results. The recent drilling has intersected further lead and zinc-sulphide mineralisation. This is an outstanding success given the conceptual nature of the target and its location in an area and at a depth where no mineralisation was intersected before. The proximity of the mineralisation to our existing Sorby Hills deposits is particularly important and speaks to the significant near mine exploration potential of the Project and the Burt Basin regional more broadly.

Summary of Boab Metals' phase VIII drilling program and outlook

Boab Metals Limited has successfully completed its phase VIII drilling program at the Sorby Hills Project, with positive visual results indicating a major exploration success. The company's Managing Director and CEO, Simon Noon, highlighted the significance of the new mineralisation and its proximity to existing deposits, emphasizing the potential for near mine exploration. The completion of the drilling program ahead of schedule and within budget reflects efficient project management. Boab Metals anticipates assay results in early Q4 2024, which will provide further insights into the project's mineralisation. The company's exploration efforts demonstrate its commitment to unlocking the full potential of the Burt Range Basin and its broader corporate strategy.