BOA Resources (BOA) Investor update summary

Acquisition overview

• Thaduna, Green Dragon and additional Neds Creek tenements acquired in an all-scrip transaction valued at ~AUD 7m, equivalent to ~AUD 70 per tonne of contained copper.

• 100% ownership expands the Murchison Copper Belt footprint to ~1,378km² and establishes a controlling position in the northern Yerrida Basin.

• Tenement package includes the Thaduna and Green Dragon mining leases, 7 granted exploration licences, 5 granted prospecting licences and 11 exploration licence applications.

• Sandfire Resources is expected to become a substantial shareholder with ~6.2%; transaction completion is scheduled for September 2026, subject to remaining conditions and shareholder approval in August.

Leadership

• Adrian Griffin of CVA will join the board as a Non-Executive Director; Cath Norman will step back as Non-Executive Chair, with Graeme Purcell taking on the Managing Director role.

Copper resource base

• Combined JORC 2012 Mineral Resource Estimate: 5.3Mt at 2.3% Cu for 121kt contained copper.

• Thaduna hosts 4.1Mt at 2.5% Cu for 103kt contained copper; mineralization is open at depth, along strike and down plunge.

• Green Dragon hosts 1.2Mt at 1.5% Cu for 18kt contained copper; mineralization is open down dip and potentially westward, with strike repetitions to be tested.

• Management sees scope to grow both deposits within known margins and through lightly tested prospects across the project.