Boab Metals Ltd (AU:BML) has released an update.
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Boab Metals Limited reports robust financial outcomes from its Front End Engineering Study for the Sorby Hills Lead-Silver-Zinc Project, with a marked improvement in net cash flow and NPV compared to the previous year’s study. Key highlights include a pre-tax NPV of A$411M, an IRR of 37%, and an impressive pre-tax cash flow increase of A$150M for the initial five years, bolstering the project’s debt financing profile. The company also successfully raised A$5.0M and maintains ongoing negotiations for off-take agreements, with a cash balance of A$5.7M as of June 30, 2024.
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