Boab Metals (BML) Q4 2026 TU earnings summary

Executive summary

• Significant progress made on Sorby Hills development, with engineering, commercial, and construction activities advancing as scheduled.

• EPC contract executed for $109M to relocate and refurbish DeGrussa Processing Plant; acquisition completed.

• Six-year diesel supply agreement secured to ensure reliable fuel for construction and operations.

• Early works and bulk earthworks completed on budget, with construction tracking ahead of schedule.

• First concentrate production remains on track for H2 2027.

Financial highlights

• Cash balance at 30 June 2026 was A$60.2 million.

• Net cash from operating activities for the quarter was A$144k; year-to-date operating cash outflow was A$1.92M.

• Net cash used in investing activities for the quarter was A$27.74M; year-to-date investing outflow was A$46.12M.

• Net cash used in financing activities for the quarter was A$9.96M; year-to-date financing inflow was A$100.74M.

Outlook and guidance

• Project Delivery Plan to be released in the September quarter, updating economics and Ore Reserves in response to higher silver prices.

• Stage 2 of the Mining Camp, mining contract award, and reconstruction of the DeGrussa Plant scheduled for next quarter.

• Ongoing drilling and exploration expected to support mine life extension and resource growth.