Summary
- BML shares have surged significantly in the past two weeks, with the growing applications of lead and silver in the cleantech industry acting as tailwinds.
- Boab is committed to developing Sorby Hills, which is Australia’s largest undeveloped, near-surface lead-silver deposit, stationed in Western Australia.
- The Company is currently undertaking a Phase V drilling program, which has the potential to increase mine life and expand the proposed processing capacity at Sorby Hills.
Boab Metals Limited (ASX: BML) has been making waves on the stock market recently, with investors beginning to appreciate the solid growth potential of the Australian lead and silver developer.
Triggered by the investors’ activity, BML shares have rallied over 22% in the past two weeks. The stock was trading at A$0.440 on 24 June 2021 (at 2:21 PM AEST).
On that note, an overview of recent developments at the Company’s Sorby Hills joint venture (JV) project in Western Australia demonstrates that Boab is committed to delivering metals for a sustainable future by developing the project. Sorby Hills is Australia’s largest undeveloped, near-surface lead-silver deposit located in the Tier 1 mining jurisdiction.
DO NOT MISS: Boab Metals’ (ASX: BML) Action-Packed March Quarter Sets Stage for Sorby Hills Project Success
What are the stock market catalysts for Boab Metals?
Reliance on lead and silver for green shift
At present, the world is racing towards a sustainable transition to alternative/cleaner energy sources to counter the environmental challenges. However, such a shift is strongly dependent on two critical metals – lead and silver, which are a part of the Sorby Hills deposit.
Source: BML Presentation, dated 16 June 2021
Lead acid batteries are a low-cost and reliable source of 12V power for various functions in all types of vehicles. In addition, new high-performance lead battery technologies such as lead-crystal batteries are also being developed.
Silver, being the most conductive metal on the planet and highly resistant to corrosion, is ideally suited for usage in solar panels, printed circuit boards and electrical contacts. Significantly, more than 55 ounces of silver is used annually in the electrical connections found in all types of vehicles.
Exploration efforts on track to expand resource inventory
Since the acquisition of Sorby Hills in 2018, each drilling program undertaken by Boab Metals has led to a substantial uptlift in resource size and confidence. There has been nearly 46% increase in the total resource and 170% increase across the combined measured and indicated categories.
In line with the Company’s track record, the Phase IV drill program has also proved highly significant in improving the geological confidence in the project resource.
Boab is currently undertaking a Phase V drilling program targeting the high impact opportunities identified in the previous program as well as focusing on high-grade resources located at Alpha and Beta, which so far have not been included in the mine plan optimisations.
Together with the ongoing definitive feasibility study (DFS) metallurgical program, the Phase V drilling results will be used to assess the potential of increasing mine life and expanding the proposed processing capacity at Sorby Hills.
Strong demand for Sorby Hills’ lead-silver concentrate
Boab has held preliminary soundings with potential local and offshore customers for the Sorby Hills Pb-Ag concentrate offtakers. The soundings have proven that there is a strong appetite for the concentrate. The Company has received an initial indicative proposal extending attractive terms, which further validate the high quality of the product.
Boab has held encouraging meetings with Sorby Hills’ JV partner, Yuguang Gold and Lead Co., Ltd., which reaffirmed their strong appetite for the lead-silver concentrate from Sorby Hills while confirming their commitment to advance the project.
The partners have decided to fast-track the finalisation of the Sorby Hills development and operations agreement, which would expedite engagement with project financiers.
- Forums
- Commodities
- BML
- what's fueling Boab Metals eye catching share price rally ?
what's fueling Boab Metals eye catching share price rally ?
- There are more pages in this discussion • 69 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BML (ASX) to my watchlist
(20min delay)
|
|||||
Last
11.5¢ |
Change
0.015(15.0%) |
Mkt cap ! $21.09M |
Open | High | Low | Value | Volume |
10.0¢ | 11.5¢ | 10.0¢ | $3.516K | 32.46K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 135098 | 11.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.5¢ | 6418 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 135098 | 0.110 |
4 | 62275 | 0.105 |
10 | 430522 | 0.100 |
1 | 30000 | 0.098 |
2 | 55500 | 0.096 |
Price($) | Vol. | No. |
---|---|---|
0.120 | 15482 | 2 |
0.125 | 20000 | 1 |
0.135 | 55660 | 1 |
0.150 | 24000 | 1 |
0.170 | 152764 | 2 |
Last trade - 14.11pm 07/05/2024 (20 minute delay) ? |
|
|||||
Last
11.0¢ |
  |
Change
0.015 ( 4.76 %) |
|||
Open | High | Low | Volume | ||
10.5¢ | 12.0¢ | 10.5¢ | 159109 | ||
Last updated 14.35pm 07/05/2024 ? |
Featured News
BML (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
Previous Video
Next Video
SPONSORED BY The Market Online