Boab Metals (ASX: $BML) progresses Sorby Hills Project towards final investment decision

Boab Metals Limited (ASX: $BML) has advanced its Sorby Hills Project, a near term producer of lead and silver, towards a final investment decision. The company's recent Definitive Feasibility Study (DFS) has confirmed its status as a low-cost producer and unveiled strategic growth opportunities in the East Kimberley Region of Western Australia. With a market cap of A$29 million and a share price of A$0.16/share, Boab Metals is focused on delivering strong performance and results.

Executive Commentary on Sorby Hills Project

The Sorby Hills Project represents a significant opportunity for Boab Metals as we move closer to the final investment decision. The DFS has demonstrated our potential to be a low-cost producer, and we are excited about the strategic growth opportunities presented by the project. We are committed to establishing a long-life presence in the East Kimberley Region and delivering value to our shareholders. Our focus on project optimization workstreams and ongoing activities reflects our dedication to maximizing the project's potential and achieving key milestones.

Summary of Sorby Hills Project and Outlook

Boab Metals' Sorby Hills Project, with its confirmed low-cost producer status, presents a promising outlook for the company. The DFS has outlined the potential for strong financial performance, with a projected average annual production of 103kt lead-silver concentrate and 67kt lead, supported by a strong pre-tax economics and operating cash flow. Additionally, the project offers rare ASX exposure to silver price movements and strategic growth opportunities in the region. As Boab Metals progresses towards the final investment decision, the company remains focused on optimizing the project, securing offtake agreements, and engaging with potential financiers to drive the project's development and deliver long-term value.