Binding Agreement Executed for Sorby Hills Mining Services

Key points

• Binding Heads of Agreement executed with RE:GROUP for Sorby Hills mining services
• Key commercial and operational terms agreed, including scope, pricing, and commencement dates
• Site establishment works scheduled to start on 15 January 2027

Full summary

Boab Metals Limited (ASX: BML) has announced the execution of a binding Heads of Agreement (HOA) with RE:GROUP Australia Pty Ltd for mining services at the Sorby Hills Silver-Lead Project in Western Australia. This agreement marks a significant milestone in the project's development, establishing the key commercial and operational parameters for the Mining Services Contract. The HOA includes agreements on the scope of services, pricing, mine planning, production requirements, and commencement dates. Site establishment works are scheduled to commence on 15 January 2027, with mining services to begin no later than 1 March 2027. The definitive Mining Services Contract is substantially complete, with execution targeted within two weeks of the HOA.