Boab Metals Announces Sorby Hills Project Delivery Plan
Key points
- Fully funded project with A$350M secured
- Extended mine life to 10.5 years
- First concentrate production targeted for Q3 2027
Full summary
Boab Metals Limited has unveiled the Project Delivery Plan for its Sorby Hills Silver-Lead Project in Western Australia. The plan outlines a fully funded project with over A$350 million secured, extending the mine life to 10.5 years. Key highlights include an increased production target, acquisition of the DeGrussa Process Plant, and significant progress in construction. The project is on track for first concentrate production in Q3 2027, with a strong financial foundation and robust economics.
Guidance
Pre-tax NPV of A$1.06 billion, 97% IRR, A$1.7 billion free cash flow
Outlook
The Sorby Hills Project is expected to become a long-life Australian silver-lead operation, with potential for further value through resource and reserve growth.
Summary generated by a large language model. Please interpret with care.