Boab Metals Limited
PMYLF
Other OTC0.12
USD
- -
- -
Boab Metals Limited
PMYLF
(Other OTC)
Recent
price
0.12
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Boab Metals Limited is an Australian exploration and development company specializing in base and precious metals, primarily focusing on lead, silver, zinc, cobalt, and copper. The company operates mainly in Western Australia, with its flagship project being the Sorby Hills Lead-Silver-Zinc development located 50 kilometers northeast of Kununurra in the Kimberley region. Boab Metals holds a 75% interest in the Sorby Hills Project, which is Australia’s largest undeveloped near-surface lead-silver deposit with granted mining leases and environmental approvals, positioned for fast-track production due to existing infrastructure and permitting. Besides Sorby Hills, Boab Metals explores its wholly owned Manbarrum and Eight Mile Creek prospects in Western Australia and holds mineral tenements in South America. The company markets sealed lead-silver concentrate for export primarily through Wyndham Port. Recent major company developments include extending the option agreement to acquire the remaining 25% interest in the Sorby Hills Project, aiming for full ownership by the end of 2025. Boab Metals has secured a binding offtake agreement and a US$30 million prepayment facility with global commodities trader Trafigura to supply 75% of the lead-silver concentrate production over seven years, providing both market certainty and project financing. The company has also executed a Sale and Purchase Agreement to acquire the DeGrussa Processing Plant from Sandfire Resources for relocation to Sorby Hills to reduce capital costs and project execution risks. Recent environmental approvals, including key amendments to the Sorby Hills EPA permit, allow for increased open pit depth and production rates, supporting a targeted Final Investment Decision in the second half of 2025. Additionally, a subsidiary of Boab Metals secured a five-year loan facility up to A$236 million (US$154 million) to further finance the Sorby Hills project development. Boab Metals was founded in 2003 and is headquartered in Perth, Western Australia. Boab Metals operates primarily in the mining industry with a focus on base and precious metals exploration and development. Its core products and services encompass exploration, development, and near-term production of lead, silver, zinc, cobalt, and copper resources. The company targets industrial and commodity markets through export channels supported by strategic commercial agreements, financing arrangements, and infrastructure assets. It aims to expand its footprint across Western Australia and South America while advancing Sorby Hills as a significant lead-silver producer for regional and global markets. This comprehensive approach combining resource development, strategic partnerships, project finance, and infrastructure utilization positions Boab Metals as a notable player in the Australian metals exploration and development sector. The company continues to progress critical milestones toward operational production and commercial supply, supporting sustainable economic development in the Kimberley region. Sources cover Boab Metals' latest financial, operational, and strategic updates as of late 2025, reflecting recent agreements, funding, and project advances.