Boadicea Resources (ASX: $BOA) June 2024 Quarterly Activities Report Highlights

Boadicea Resources Limited (ASX: $BOA) ended the June quarter with $2M in cash and no debt. The company remains financially strong, bolstered by the sale of ASX: $TMG shares. BOA is well-funded for its 2024 drilling campaigns focused on lithium and nickel discovery.

Executive Commentary on Progress and Future Plans

During the period, BOA has sold its shareholding in Trigg Minerals Limited (ASX: $TMG) and is strategically divesting its holdings in TMG to advance its core exploration projects. The company is maintaining a tight control on administration and personnel costs to ensure efficient use of its capital. BOA will be fine-tuning the planned drill programs to ensure they are optimally located to deliver results and as efficiently as possible. The company will focus on completing the evaluation of its Fraser Range holdings as well as the Koongulla tenements in the Paterson Province, seeking a partner for the drilling of these tenements.

Summary of Boadicea Resources (ASX: $BOA) Quarterly Report

Boadicea Resources (ASX: $BOA) ended the June quarter with a strong financial position, enabling the company to progress its planned activities. The focus remains on lithium and nickel exploration assets in Western Australia, with drilling programs underway and promising prospects identified. The company is optimizing its portfolio by surrendering certain tenements and terminating options, while also pursuing highly prospective tenements. BOA's strategic divestment of holdings in TMG provides additional capital for its core exploration projects. The company is committed to efficient use of its capital and fine-tuning its planned drill programs to deliver optimal results. Looking ahead, BOA will concentrate on evaluating its Fraser Range holdings and seeking a partner for the drilling of highly prospective tenements in the Paterson Province.