BOA Resources (BOA) Investor presentation summary

Project position and funding

• Acquired a 49% interest in 13 Neds Creek exploration tenements, with an exclusive option to acquire the remaining 51%; the project covers ~1,160 km² in WA’s Murchison Copper Belt.

• The project is near Sandfire’s DeGrussa and Monty copper-gold mines and surrounds the Thaduna and Green Dragon sediment-hosted copper deposits.

• Reported cash of $3.2M and a strengthened balance sheet to fund 2026 drilling and strategy.

Exploration targets and 2026 program

• Eight high-priority targets identified, including advanced Ricci Lee; the broader target list includes Enigma, Copper Mine Road, Mueller, Limestone Bore, Snowys, Rooneys, Ward and Blockley.

• Ricci Lee is the first drilling focus for resource growth; a planned grid-based program comprises 35 RC holes for 5,500m, testing dip, strike and mineralisation controls.

• Drilling is planned for 2026, with commencement at Ricci Lee subject to a heritage protection agreement and completion of heritage surveys; the presentation targets a JORC resource in 2026.

• Six other priority prospects are slated for initial AC drilling to establish structural orientation, followed by RC drilling as warranted.

• Geophysical, geochemical and drill datasets are being integrated with machine-learning models to generate, rank and prioritise further targets.

Ricci Lee prospect

• Historic copper workings have a mineralised footprint defined over 500m strike and 200m depth by broad RC and RAB drilling; mineralisation remains open laterally and at depth.

• Reported intercepts include 10m at 5.12% Cu, 5m at 6.41% Cu and 7m at 3.48% Cu.

• Ricci Lee is presented as analogous to the Thaduna deposit, reported at 5.5Mt at 2.2% Cu for 119kt Cu and 829koz Ag; both share stratigraphic and structural settings.

• Ricci Lee mineralisation has been intersected to 200m vertically and remains open at depth; Thaduna’s mineralisation extends to >600m vertical depth.