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Boadicea Resources (ASX: $BOA) secures Ngadju Agreement for lithium and nickel drilling

Overview of Ngadju Agreement for BOA lithium and nickel drilling


Boadicea Resources Limited (ASX: $BOA) has signed the Heritage Protection Agreement with the Ngadju Corporation, enabling the company to undertake exploration activities in the Native Title Determination Area. This milestone agreement covers BOA's 100% interest in the highly prospective Lake Johnstone and Fraser Range lithium and nickel prospective tenements, including the Bald Hill East and Ant Hill lithium focussed tenements, and the Southern Hills and Fraser South tenements in the nickel-rich Fraser Range.

Executive Commentary on Ngadju Agreement


BOA Managing Director, Cath Norman, expressed excitement about the signed agreement with the Ngadju Corporation, stating that it paves the way for the company to execute its strategy focused on the discovery of lithium and nickel in the highly prospective Western Australian tenements. Norman also thanked the Ngadju Corporation for their consent and expressed eagerness to work together to complete the heritage surveys before progressing exploration drilling. The agreement dictates the terms under which BOA will access the Ngadju Native Title Area, including the requirement for a heritage survey before commencing ground operations and the scheduling of joint site visits.

Summary of Ngadju Agreement and Outlook


Boadicea Resources' signing of the Heritage Protection Agreement with the Ngadju Corporation marks a significant milestone, allowing the company to proceed with exploration activities in the Native Title Determination Area. The agreement covers BOA's key lithium and nickel tenements, setting the stage for the completion of heritage surveys and the commencement of exploration drilling. With the Ngadju Corporation's consent secured, BOA is poised to advance its strategy of discovering lithium and nickel in the highly prospective Western Australian region. The company's next steps involve finalizing drill locations and contracting a drill rig to commence drilling as soon as possible. As BOA progresses with its exploration activities, shareholders can anticipate further updates on the company's developments and milestones.

Sourcehttps://announcements.asx.com.au/asxpdf/20240116/pdf/05zgsmv1k4323b.pdf

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