Boab Metals (ASX: $BML) releases Sorby Hills project feed study results

Boab Metals Limited (BML) has unveiled the findings of its Front-End Engineering & Design (FEED) Study for the Sorby Hills Lead-Silver-Zinc Project in Western Australia. The study has resulted in significant enhancements to project metrics, including a boost in net cash flow and NPV8 compared to the previously released Definitive Feasibility Study (DFS) in January 2023. The company is now focused on accelerating engagement with financiers and advancing Sorby Hills towards a Final Investment Decision.

Executive Commentary on Sorby Hills Project FEED Study

The results of the FEED Study for the Sorby Hills Project are extremely encouraging. The improvements in project metrics and economics demonstrate the potential for significant value creation. We are committed to leveraging these positive outcomes to further engage with potential financiers and drive the project towards a Final Investment Decision.

Summary of Boab Metals (ASX: $BML) Sorby Hills project feed study results

Boab Metals Limited (BML) has released the results of its Front-End Engineering & Design (FEED) Study for the Sorby Hills Lead-Silver-Zinc Project, showcasing substantial improvements in project metrics and economics. The study has led to an increase in net cash flow and NPV8 compared to the previous Definitive Feasibility Study (DFS) and has enhanced project economics, with a pre-tax NPV8 of A$411M, pre-tax IRR of 37%, and average annual EBITDA of A$126M. The company is now focused on accelerating engagement with financiers and advancing Sorby Hills towards a Final Investment Decision. Boab Metals holds a 75% interest in the Sorby Hills Project and has a Joint Venture Agreement with Henan Yuguang Gold & Lead Co. Ltd. The Project is the largest undeveloped, near-surface Lead-Silver-Zinc deposit in Australia and is located in the Kimberley Region of Western Australia. The company is also pursuing opportunities to further de-risk project execution and is engaged in negotiations with potential Offtakers for concentrate offtake.