Key points
- BOA Resources Ltd to acquire Core Value Australia NL (CVA) and Thaduna and Green Dragon copper deposits from Sandfire Resources Limited
- Acquisition aims to reposition BOA in Western Australia's Murchison copper district
- Post-acquisition, BOA will own 100% of an expanded Neds Creek project area
- Independent Expert's Report states the transaction is fair and reasonable for non-associated shareholders
- Shareholders to vote on six resolutions at the General Meeting on 12 October 2026
Full summary
BOA Resources Ltd is set to acquire Core Value Australia NL (CVA) and the Thaduna and Green Dragon copper deposits from Sandfire Resources Limited, marking a transformational step for the company. The acquisition will consolidate BOA's position in the Murchison copper district in Western Australia. Post-acquisition, BOA will own 100% of an expanded Neds Creek project area, acquire the Thaduna and Green Dragon deposits, and bring these resources together with high-priority exploration targets. The transaction is principally equity-based, allowing BOA to retain cash for exploration and project advancement. The Independent Expert has concluded that the transaction is fair and reasonable to non-associated shareholders. Shareholders will vote on six resolutions at the General Meeting on 12 October 2026.
Outlook
BOA Resources Ltd anticipates that the acquisition will provide a stronger platform for growth, enabling the company to pursue potential future development opportunities.