- The Moonamang Road upgrade, which is nearing completion, is expected to improve both the quality and efficiency of access to the Sorby Hills site.
- The Western Australian Government has committed over A$18 million toward the realignment and sealing of the Moonamang Road.
- The Sorby Hills project is positioned well to offer employment opportunities and economic benefits to Kimberley region, where it is located.
In what bodes well for Boab Metals Limited’s (ASX: BML) Sorby Hills project, an upgrade to the 7.5km long Moonamang Road is nearing completion. This upgrade is a significant step forward to further boost the Sorby Hills development, with the Moonamang Road being a key infrastructure piece traversing Boab’s 75%-owned Sorby Hills Lead-Silver-Zinc Project.
The Western Australian Government committed AU$18.3 million to the project in 2020, aimed at realigning and sealing the 7.5km-long Moonamang Road. The work is progressing well and, importantly, is set to be complete ahead of the upcoming wet season.
Source: BML update, dated 17 August 2021
Road upgrade a tailwind for Sorby Hills development
Sorby Hills is poised to benefit from the Moonamang Road upgrade, with the recent road developments improving both the quality and efficiency of access to and from the project site.
At the same time, stakeholders across the East Kimberley, including the Ord River Irrigation Scheme developments, aquaculture, other resource projects, and the local community stand to gain several broad regional benefits.
As for Boab, the Moonamang Road upgrade compliments the investments made by the Australian and Northern Territory Governments to upgrade the Keep River Plains Road, where the works have been completed.
It thus offers a continuous sealed road between Sorby Hills and the recently acquired Manbarrum Zinc-Lead-Silver Project, located at a distance of 25km.
Source: Copyright © 2021 Kalkine Media, Data Source: BML Presentation, dated 2 August 2021
Boab Metals Managing Director and CEO, Simon Noon commented that all corners of Western Australia, including the East Kimberley, are witnessing boost in economic activity on the back of the WA State Government’s commitment to regional WA.
Moreover, Mr Noon indicated that the Sorby Hills project, stationed 50km northeast of Kununurra, is poised to offer employment opportunities and economic activity to the Kimberley region. He added that the project would require “a peak of 200 plus construction personnel and over 170 operations personnel” over the course of the project.
Simon Noon welcomed the commitment of the State Government to Western Australia’s regional infrastructure and is looking forward to leveraging the investment through developing the Sorby Hills Project.
BML shares closed at A$0.380 on 19 August 2021.