• EPC contract with GR Engineering for DeGrussa Processing Plant relocation to Sorby Hills executed for $109 million
• Acquisition of DeGrussa Processing Plant from Sandfire completed
• Six-year Diesel Supply Agreement with CGL Fuel Pty Ltd finalized
• Bulk Earthworks and site access completed on budget and ahead of schedule
• Syndicated Facility Agreement for A$236 million debt facilities finalized

Boab Metals Limited has released its Quarterly Activities and Cashflow Report for the quarter ended 30 June 2026. The company made significant progress in all aspects of the Sorby Hills development, including engineering, commercial, and construction activities. Key highlights include the execution of an EPC contract with GR Engineering for the disassembly, refurbishment, and relocation of the existing DeGrussa Processing Plant to Sorby Hills for $109 million, the acquisition of the DeGrussa Processing Plant from Sandfire, and the signing of a six-year Diesel Supply Agreement with CGL Fuel Pty Ltd. Site access and early works were completed on budget, and bulk earthworks, including the Evaporation Pond and Tailings Storage Facility, are tracking ahead of schedule. The company also finalized a Syndicated Facility Agreement for A$236 million in debt facilities to fund the Sorby Hills development. Boab Metals held a cash balance of A$60.2 million as of 30 June 2026.