BOA Resources (BOA) Noosa Mining Conference 2024 presentation summary

Strategy and funding

• Focused on Li and Ni exploration and discovery in WA, with 2024 drilling underway and additional gold, copper and cobalt exploration tenements.

• Ten tenements in the highly prospective Fraser Range; IGO operates three under agreement, with exploration free-carried across three tenements.

• Cash of $2.1M, debt of $0 and 123,352,847 shares on issue; presentation describes the 2024 drilling program as fully funded.

• 76% of planned 2024 expenditure allocated to in-ground work.

Lithium exploration

• Drilling planned on three of four Li-focused exploration tenements in 2024, across established WA mineral provinces.

• Two Tanks: April drilling completed, with 18 holes for 1,296m; assays identified numerous pegmatites with fractionation potential, prompting further work.

• Bald Hill East: target area for 2024 drilling, approximately 2km from the Bald Hill mine and near a 26.5Mt @ 1% Li₂O resource; heritage access agreement executed with Ngadju Native Title Corporation.

• Cat Camp: 2024 program planned for 21 holes / 1,800m to test known pegmatites, shallow thick local pegmatites and surface Li anomalies.

Nickel exploration

• Fraser South EM survey identified the Snowys Prospect conductive anomaly; estimated drill depth is 170m, with drilling preparations underway following a heritage agreement and CMP submission.

• Snowys is considered prospective for Nova-style Ni-Cu-Co or Andromeda-style Zn-Cu mineralisation; drilling was being planned for the prospect.

• IGO drilling at Eggpie and Ballast Eye indicated medium to high prospectivity for Nova-style Ni-Cu-Co host rocks; an MLEM program was proposed to define mineralisation.

• Mafic and ultramafic intrusions identified near the Nova-Bollinger mining lease extend into Symons Hill and are considered potential hosts for Nova-style mineralisation.