Ann: Assays Confirm Drilling Success at Sorby Hills, page-2

Initial Assays Confirm Drilling Success at Sorby Hills

Boab Metals Limited (ASX: BML) (“Boab” or the “Company” is pleased to present assay results received from its Phase V drilling program conducted at its 75% owned Sorby Hills Lead-Silver-Zinc Project (“Sorby Hills”, or the “Project” located in the Kimberley Region of Western Australia.

HIGHLIGHTS
• 59 effective diamond drill holes for 5,284m have been completed including an additional 16 drill holes (1,600m) added to the program.
• Drilling at Beta has confirmed the presence of significant Stratabound mineralisation.
• Additional RC infill drill program to commence in September to tighten the drill hole spacing and delineate the tabular geometry of mineralisation confirmed at Beta.
• Extensions to the mineralisation envelope confirmed by assays at NW Omega.
• Positive drilling results include:
• SHMD070: 17m @ 3.39% Pb & 15g/t Ag from 58m
• SHMD073: 17m @ 3.02% Pb &13g/t Ag from 75m
• SHMD066: 5m @ 6.77% Pb & 26g/t Ag from 100m
• SHMD066: 4.5m @ 2.39% Pb & 102g/t Ag from 31m
• SHMD074: 5m @ 7.08% Pb & 91g/t Ag from 108m
• Shallow secondary mineralisation confirmed at the Wildcat Prospect; and
• Several holes have extended mineralisation at B-Deposit in the SE and NW.

Boab Managing Director and CEO Simon Noon stated: “We are pleased with the results received so far as they confirm the extension of the mineralisation at Omega and very likely at the B-deposit. We believe these results will enable us to model the geometry of a new style of mineralisation which we first recognised in the Phase IV drill holes in the north of Omega.

We are also particularly pleased with the mineralisation intercepts that were encountered by targeting the Beta Deposit. It has given us enough confidence to immediately commit to an additional RC drilling program to better define the mineralisation. We hold high expectations for the contribution that the Beta Deposit could make to the overall Resource.

We look forward to providing further results and updates as the drilling program continues.”