BOA Resources Sets the Stage for Major Lithium and Nickel Exploration Activities in 2025

April 29, 2025 03:52 PM AEST | By Team Kalkine Media

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BOA Resources Sets the Stage for Major Lithium and Nickel Exploration Activities in 2025 — Image source: Shutterstock

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Highlights

BOA Resources gears up for lithium and nickel drilling in Western Australia.

Heritage and permitting approvals key to drilling schedules in 2025.

Strong financial position supports exploration and future growth.

BOA Resources Ltd (ASX:BOA) continues to advance its exploration efforts, making significant progress on preparations for drilling across its lithium and nickel projects in Western Australia during the March 2025 quarter.

The company is targeting a late-2025 drilling program at its core projects: Bald Hill East, Cat Camp, and Fraser South. These efforts are contingent upon the finalisation of heritage surveys and permitting approvals. The Bald Hill East project, located just two kilometres from the established Bald Hill lithium mine, offers promising prospects for extending known lithium mineralisation. As part of its broader strategy aligned with emerging opportunities in ASX mining stocks, the company aims to capitalise on high-potential lithium assets. However, delays in completing the necessary heritage assessments have shifted the planned drilling to the second half of the year.

At the Cat Camp project in the Lake Johnston/Lake Percy region, BOA Resources is setting its sights on drilling zones rich in pegmatites and nickel mineralisation. Notably, the discovery of shallow, thick pegmatites and surface geochemistry readings indicating anomalous lithium concentrations has led to the identification of priority drilling targets.

Over at Fraser South, preparations are also in full swing to drill the Snowys Prospect. Following the completion of heritage surveys and approval of its Conservation Management Plan, BOA Resources is now awaiting a final program of work approval. Snowys is considered a high-priority target, with strong electromagnetic conductivity anomalies suggesting a potential Nova-style nickel-copper-cobalt or Andromeda-style base metal system.

In addition to progressing exploration, BOA Resources recently completed the acquisition of the Transline North and Transline South tenements from IGO Limited (ASX:IGO), which include the promising Eggpie and Ballast NE nickel targets. The company is actively reviewing the exploration data collected previously to design upcoming exploration activities.

As part of its strategic focus, BOA Resources relinquished its Koongulla South and Koongulla East tenements in the Paterson region after efforts to secure a joint venture partner did not materialise. The company remains committed to rationalising its portfolio, concentrating on high-potential exploration opportunities, and evaluating new project acquisitions aligned with its broader growth objectives.

Ending the quarter with a robust financial position, BOA Resources reported A$1.07 million in cash and no debt, ensuring strong support for its upcoming exploration plans. Drilling at Bald Hill East, Cat Camp, and Fraser South is anticipated to commence once all approvals are secured, reinforcing the company's commitment to maximising exploration success through a focused and optimised portfolio strategy.

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