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Boab Metals attends Diggers & Dealers mining forum, company points to a bright future

Summary

  • Boab Metals is adding value via exploration, backed by robust Sorby Hills resources and considered development strategy. 
  • Drilling programs so far have increased mining inventory at Sorby Hills with Phase V program currently underway delivering strong results. 
  • Boab’s recently acquired Manbarrum Zinc-Lead-Silver Project provides the opportunity to improve project economics. 

Australian explorer Boab Metals Limited (ASX: BML) seeks to deliver metals for a sustainable future, from the Sorby Hills lead-silver Joint Venture and is strongly led by an experienced management team with a proven exploration and development track record.

Boab Metals Managing Director and CEO, Mr Simon Noon, and Chief Operating Officer, Mr David English, recently attended the Diggers & Dealers Mining Forum where they discussed the progress being made at Boab’s flagship Sorby Hills Project. Let’s discuss the key points shared by the management at the conference.

Sorby Hills is Australia’s largest undeveloped, near-surface Pb-Ag deposit. The project has vast growth potential and is underpinned by impressive project economics, solid infrastructure, and low-risk operation in the tier 1 mining jurisdiction of Western Australia.  

RELATED ARTICLE: Sorby Hills project places Boab Metals at vantage point amid rising demand for lead and silver

A strong production profile described in the August 2020 pre-feasibility study (PFS) has proven critical to the planning of Boab’s exploration program, with Sorby Hills witnessing impressive exploration momentum and high-grade results.

Opportunity to increase Sorby Hills mining inventory

The Phase IV drilling results improved geological confidence in the Sorby Hills Resource while unveiling significant opportunities to expand the mining inventory in the forthcoming definitive feasibility study (DFS) Mine Plan.

Source: BML Presentation, dated 2 August 2021

RELATED ARTICLE: Boab Metals (ASX: BML) Fast tracking Sorby Hills development in the booming lead market

In addition to the focus on high-impact opportunities identified at Phase IV, Boab’s Phase V drilling program also targets high-silver Alpha and Beta Resources, presently not included in the PFS mine plan.

Phase V drilling results in conjugation with the ongoing DFS Metallurgical program will add value as Boab continues to investigate the potential towards increasing mine life and expanding the proposed processing capacity at Sorby Hills.

ALSO READ: Boab Metals Marches Ahead with Encouraging Results from Sorby Hills’ Phase V Drilling

Regional exploration potential

Boab’s wholly owned exploration tenements at Eight Mile Creek covers a largely unexplored tenure of 217 square kilometres, immediately south of Sorby Hills. The tenements have 30 kilometres of along-strike geology considered highly prospective for deposits like Sorby Hills. 

The Company’s Phase V drilling program is targeting prospective stratigraphic horizons and gravity targets within Eight Mile Creek. 

Strategic Acquisition of Manbarrum Zinc-Lead-Silver Project

Boab recently acquired 100% of the Manbarrum Zinc-Lead-Silver Project, having mineral resources declared at the two prospects within the project area. Moreover, CSA Global completed conceptual open pit mining studies in 2018, which identified the opportunity for improving project economics through toll treatment at a future plant at Sorby Hills.

READ MORE: Boab Metals Limited (ASX:BML) snaps up Manbarrum Zinc-Lead-Silver Project to expand resource base

Source: BML Presentation, dated 2 August 2021

Prospective tenements covering 175 square kilometres and consisting of granted mining leases have geology genetically related to that found at Sorby Hills to help with the technical understanding of this new asset.

Sorby Hills concentrate offtake

Boab has undertaken preliminary soundings with Tier-1 off-takers, including potential local and offshore customers for the Sorby Hills Lead-Silver concentrate. 

With the initial indicative proposal offering attractive terms and confirming high quality of the product, the sounding with potential off-takers has reinforced a strong appetite for the Sorby Hills concentrate. 

RELATED ARTICLE: Eye on Sorby Hills DFS, Boab Metals (ASX:BML) makes serious strides in June quarter

The Company plans to commence a competitive offtake tender process for the Sorby Hills concentrate following the DFS metallurgical program which was completed in Q2 2021.

Strong Engagement within the local community

Boab has been named as the Naming Rights Sponsor of the Ord Valley Muster for 2022 and beyond. The event that has been a highlight of the Kimberley community calendar for 20 years and brings together thousands of visitors to the region to experience cultural diversity, spectacular landscape, and renowned Kimberley hospitality.

The Ord Valley Muster fosters a sense of community, which plays a crucial role in the economic and social well-being of stakeholders across the East Kimberley Region.

BML shares traded at AU$0.405 on 10 August 2021 (AEST:1:04PM).

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