BOA Resources (BOA) Q1 2027 TU earnings summary

Executive summary

• Neds Creek consolidation completed in October, bringing the 1,378km² copper portfolio, including Thaduna and Green Dragon, to 100% ownership; combined Mineral Resources total 5.3Mt at 2.3% Cu for 121kt contained copper.

• Maiden drilling confirmed high-grade copper at Ricci Lee, while aircore results expanded Rooneys’ mineralised strike potential beyond 500m.

Financial highlights

• Cash of $690,000 and no debt at 30 September 2026; quarterly expenditure included $1.076m advanced for Neds Creek drilling or transaction costs.

• Firm commitments secured for a $9.245m placement before costs to fund Neds Creek exploration and resource growth.

Outlook and guidance

• Priorities include interpreting current results, planning follow-up drilling, advancing Ricci Lee toward a maiden Mineral Resource estimate and identifying future targets.

• Follow-up RC drilling is planned at Rooneys; placement funds are earmarked for drilling at Ricci Lee, Thaduna and Rooneys, with Green Dragon drilling subject to results.

• Remaining assay results from Ricci Lee, Blockley, Mueller, Limestone Bore and Ward are expected to provide exploration news flow through Q4 2026.