BOA Resources (BOA) Q4 2024 TU earnings summary

Executive summary

• Quarter-end cash of $2.0M and no debt; proceeds from selling Trigg Minerals shares strengthened funding for 2024 exploration.

• Two Tanks drilling was completed, while heritage work and approvals delayed planned drilling at other Western Australian tenements.

Financial highlights

• Cash at quarter end was $2.0M with no debt.

• Sale of the Trigg Minerals shareholding generated $306,551; the holding had been received as consideration for a Queensland tenement sale.

Outlook and guidance

• Four 2024 drilling campaigns focused on lithium and nickel discovery are planned; Cat Camp, Bald Hill East and Fraser South programs remain subject to approvals and preparation.

• Heritage survey delays mean planned Q3 drilling will occur later in the year; Fraser South drilling also awaits Conservation Management Plan approval.

• Koongulla tenements in the Paterson Province are targeted for further evaluation, with a drilling partner to be sought.