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Boab Metals (BML) investor relations material
Boab Metals Q1 2027 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Sorby Hills moved from development into delivery; construction remained on schedule and budget, with first concentrate targeted for Q3 2027.
The Project Delivery Plan extended mine life to 10.5 years and improved project economics while maintaining total project CAPEX at A$261.5 million.
Financial highlights
Cash was A$29.9 million at 30 September 2026, versus A$60.9 million at 30 June; operating cash outflow was A$1.7 million and total quarterly cash outflows were A$30.9 million.
Project Delivery Plan forecasts include pre-tax NPV8 of A$1.06 billion and life-of-mine free cash flow of A$1.7 billion under the forward pricing case.
Outlook and guidance
First concentrate production remains targeted for Q3 2027; mining site establishment is scheduled for January 2027, with mining services to begin no later than March 2027.
The definitive RE: GROUP Mining Services Contract was expected in the December 2026 quarter; plant dismantling, relocation, reconstruction and site infrastructure work are progressing.
The A$236 million syndicated facility’s first drawdown was expected in the December 2026 quarter, subject to conditions precedent.
- Sorby Hills construction is underway, with first ore targeted for H2 2027 and $60.9m cash on hand.BML
H2 2026 - Fully funded project targets 2027 production with extended mine life and strong economics.BML
Mining Forum Americas 2026 - Construction of a major silver-lead project is underway, targeting production in H2 2027.BML
Corporate presentation - Sorby Hills project advances on schedule with robust funding and key contracts secured.BML
Q4 2026 TU - Advanced Sorby Hills toward FID with key milestones, improved cash, and robust project economics.BML
H2 2025 - Sorby Hills project advances with improved economics, reduced loss, and path to 100% ownership.BML
H2 2024 - Sorby Hills fully funded and construction underway, with cash reserves at $89.9 million.BML
H1 2026 - FEED Study shows strong project economics, reduced costs, and solid funding position.BML
Q4 2024 TU - Sorby Hills targets near-term production with strong silver leverage and first quartile costs.BML
Corporate presentation
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