Boab Metals (BML) Corporate presentation summary

Corporate overview and capital structure

• Market capitalization of A$53 million with a share price of A$0.19 and 279 million shares on issue as of July 2025.

• Cash reserves of A$7.3 million and no debt, with an additional A$4.1 million ATM facility available.

• Top 20 shareholders hold 35% of issued capital; board and management have a strong development track record.

Sorby Hills project highlights

• 47.3Mt resource at 4.3% PbEq (123g/t AgEq), including 53Moz contained silver.

• Initial production target of 18.3Mt, underpinned by 83% reserves, with significant mine life extension potential.

• Located 50km from Kununurra, WA, with access to Wyndham Port via sealed road.

• Conventional open pit mining and flotation process to produce high-grade lead-silver concentrate.

Project development and milestones

• Definitive Feasibility and FEED studies completed, showing NPV8 of A$411M and IRR of 37%.

• Agreements executed for power supply, port access, accommodation, and 100% project acquisition upon FID.

• Binding US$30M prepayment and offtake agreement with Trafigura; DeGrussa processing plant acquired.

• Regulatory approvals and key project infrastructure secured, targeting FID in H2 2025.