Sorby Hills MRE Update

• Sorby Hills Mineral Resource Estimate increased by 7% to 50.6Mt
• Focus on Bimota, Omega, and Norton deposits
• Measured and Indicated Resources increased by 10%
• Contained silver increased by 1.6Moz
• NSR approach enabled inclusion of additional mineralisation

Boab Metals Limited announced an updated Mineral Resource Estimate (MRE) for its Sorby Hills Silver-Lead Project in Western Australia. The updated MRE shows a 7% increase in resource tonnage to 50.6Mt at 3.0% Pb, 34 g/t Ag, and 0.4% Zn. The update focused on the Bimota, Omega, and Norton deposits, which underpin the mine plan. Infill drilling since the previous MRE increased Measured and Indicated Resources by 10%, providing greater confidence in the production schedule. The Net Smelter Return (NSR) approach enabled the inclusion of additional mineralisation, contributing to a 1.6Moz increase in contained silver. The Aprilia, Alpha, and Beta deposits were not re-estimated, with their previously reported Mineral Resources remaining unchanged. The updated MRE represents a further step in de-risking the Sorby Hills Project ahead of mining.