Boab Metals Ltd (AU:BML) has released an update.
Boab Metals Limited reports a productive quarter for its Sorby Hills Lead-Silver-Zinc Project, achieving cost reductions in mining and bulk earthworks and improved metal recoveries from ongoing metallurgical testwork. The company is on track to release its Front-End Engineering & Design (FEED) Study in the June quarter of 2024 and is actively negotiating offtake agreements, with a healthy cash balance of A$1.4M as of March 31, 2024. These advancements are expected to enhance project economics and reduce execution risks.
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