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An update from Boab Metals Ltd ( (AU:BML) ) is now available.
Boab Metals Limited has successfully secured A$50 million through a two-tranche placement to advance its Sorby Hills Silver-Lead Project. The funds will be used for early development works, acquiring the remaining 25% interest in the project, and funding the acquisition of the DeGrussa plant. This capital injection is expected to accelerate the project’s development and strengthen Boab’s position in the industry, with new and existing investors showing strong support.
The most recent analyst rating on (AU:BML) stock is a Buy with a A$0.77 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.
More about Boab Metals Ltd
Boab Metals Limited is a Western Australian exploration and development company focused on the Sorby Hills Project in WA. The project is located 50km from Kununurra in the East Kimberley, with access to existing sealed roads for transporting concentrate to Wyndham Port. Boab owns a 75% interest in the Sorby Hills Project, with the remaining 25% held by Henan Yuguang Gold & Lead Co. Ltd., and holds an option to acquire this interest upon reaching a Final Investment Decision.
Average Trading Volume: 1,816,338
Technical Sentiment Signal: Buy
Current Market Cap: A$138.2M
For detailed information about BML stock, go to TipRanks’ Stock Analysis page.