Boab Metals Ltd - Quarterly Report - September 2020
Boab Metals Ltd (ASX:BML)

Quarterly Report - September 2020

Published Oct 19, 2020

What happened?


What's happened?

Pacifico Minerals Ltd (ASX:PMY, "Pacifico") has released their September 2020 quarterly report.

What are the key highlights?

  1. Release of the Optimised Pre-Feasibility Study, which produced a Pre-tax NPV (8% discount) of A$303 million, IRR of 46% and payback period of ~1.6 years.
  2. Ore Reserve Statement confirmed a total 13.6Mt at 3.6% Pb and 40 g/t Ag of Proved and Probable Reserves underpinning 92% of the PFS Mine Plan.
  3. Completion of a A$10 million Placement with strong support by quality institutional and strategic shareholders.
  4. Commencement of Sorby Hills Definitive Feasibility Study (‘DFS’) drilling campaign comprising 5,200 m across a planned 68 holes.
  5. Significant project financing milestone achieved with Sorby Hills progressing to the Due Diligence Stage of the Northern Australia Infrastructure Facility (‘NAIF’) funding assessment process.

Managing Director's summary

Simon Noon Managing Director of Boab Metals Ltd has provided a statement.
Simon Noon
Simon Noon
Managing Director, Boab Metals Ltd

“The results of the PFS have confirmed the economic attractiveness of Sorby Hills and given us confidence to launch immediately into the DFS work streams. The capital raising has significantly strengthened the Company’s balance sheet and sees the Company fully funded to the point at which a Decision to Mine can be made on the Project. With a very high quality PFS completed, the commencement of a 5,200m DFS and Resource expansion drill program, and substantial progress being made on our financing strategy in the form of confirmed support from NAIF, it is very exciting times for the Company."

Download Announcement

View this announcement as well as our full profile on the company.

Comments

Share your thoughts about this announcement...

Similar articles
Boab Metals (ASX:BML) Announces Plans for a Phase V Drilling Program
What has happened? Boab Metals (ASX:BML) announced plans for a Phase V drilling program set to commence in April 2021 at...
3 years ago
Pacifico Minerals - Developing an Open Pit Lead-Silver Project in Western Australia
Pacifico Minerals - Developing an Open Pit Lead-Silver Project in Western Australia Pacifico Minerals (ASX:PMY) has rele...
3 years ago
Phase IV Drilling Program Completed at Sorby Hills
What's happened? Pacifico Minerals Limited (ASX: PMY) announced Phase IV drilling program at its 75% owned Sorby Hills L...
3 years ago
Around the web
Powered by  
  • Company
    Boab Metals Ltd
  • Website
  • Sector
    Metals & Mining
  • Industry
    Diversified Metals & Mining
  • Code
    ASX:BML
View Boab Metals Ltd's Profile

How do I invest?

Considering investing in Boab Metals Ltd?
Here's how to get started.
Low Cost Brokerage ASX Cheapest ASX Trading Platform
  1. 1

    Create account

    Open an account with an online broker of your choice. If you do not have an existing broker, consider Mawson Graham's A$9.50 flat fee platform.

    Sign up now »
  2. 2

    Search for ASX:BML

    On your online investment platform search for the stock ticker code ASX:BML to bring up the company's shares.

  3. 3

    Buy shares

    Place your order however you wish. If you need advice on buying or selling, you should seek the assistance of a full service financial adviser experienced in small cap equities.

Up