Boab Metals Limited (ASX: BML) has expedited its exploration undertakings as markets start to appreciate the increasing role played by lead in new world technologies. Significantly, lead is the major driver of value at BML’s 75%-owned Sorby Hills deposit. Furthermore, the Western Australia-based Sorby Hills also hosts significant silver and zinc resources.
Image Source: © Maxxyustas | Megapixl.comLead is the proven battery metal and is the primary component of the 12V batteries found in traditional and electric vehicles. Experts predict positive demand trends for energy storage to support the rising volume of renewable energy generation capacity. The fact that lead is and will remain a critical raw material in the battery industry is beginning to attract the interest of commodity investors.
In less than two weeks, lead prices have rallied by 9% increase on the London Metals exchange, with lead trading at US$2,319.5 per tonne on 30 June 2021.
The potential for new, advanced lead-based battery technologies is enormous. Boab Metals and the Sorby Hills Project are perfectly poised to cash in on these exciting opportunities.
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