Boab Metals Limited (ASX: BML) is a base and precious metals explorer and developer geared towards advancing its 75% owned Sorby Hills Joint Venture project. The Company’s joint venture partner, Henan Yuguang Gold Lead Co. Ltd., holds 25% interest in the project. Notably, Henan Yuguang is China’s leading smelting company and the largest silver producer.
Sorby Hills lead-silver-zinc project is stationed 50km from the regional centre of Kununurra in Western Australia, one of the world’s prominent mining jurisdictions, having a storied exploration and mining record. Significantly, Western Australia being one of the globally leading exporters of raw materials such as gold, iron ore, copper, lithium, lead, and zinc, is significantly dependent upon the mining and exploration industry for its economy.
The presence of existing sealed roads allows transportation of concentrate from site to the facilities at Wyndham Port, located 150km from Sorby Hills, along with established infrastructure enables fast-track production.
Since the Perth-based Boab Metals kicked off its exploration and resource delineation work in 2018 at Sorby Hills, several critical milestones towards development have been reached. Boab’s exploration endeavours incorporated aggressive work schedule, resulting in the release of a number of mineral resource statements.
The Company is led by a team of experts, having vast experience and a strong background in exploration, mining, strategic management, business planning, finance and capital raising,
The Company’s work programs have progressed the Sorby Hills project significantly by facilitating increased levels of confidence in the areas of geology, mineralisation, metallurgy, hydrogeology and geotechnics.
Boab also has an interest in Borroloola West Joint Venture Project (51% Boab), located in the McArthur and Mt Isa Basins consisting of nine exploration licences and one mining licence, while Sandfire Resources NL. controls 49% stake in the project.