Boab Metals (ASX: BML)

The lead and silver company looking to enter production in 2025 has issued an updated corporate presentation.

With offtake partners signed up this looks a very realistic project with low capex and a heallthy margin due to the silver credits. 

 

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Boab Metals	ASX: BML
Stage	Exploration + development
Metals	Lead, silver, zinc
Market Cap	A$42.7m @ 24.5c
Location	East Kimberley, WA, Northern Territory

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Boab Metals (ASX: BML)

The lead and silver company looking to enter production in 2025 has issued an updated corporate presentation.

With offtake partners signed up this looks a very realistic project with low capex and a heallthy margin due to the silver credits.

Whilst all the focus in on lithium and EV related metals, lead is still a significant metal in its own right, but isn’t very sexy so is overlooked by investors.

I like Boab because they are in an unpopular metal (from an investor perspective) yet are quietly going about their business and securing iofftake partners ahead of a production decision.

The capex looks quite reasonable for a mining project, so, barring a collapse in the proce of lead, which is unlikely in my opinion, this looks a decent development project with a fair chance of going into production within two years.

Unusually for an Australian listed company, the share count is low, so there’s a lot to like here in my opinion.

BOAB are on my watchlist for now, the end of the Australian tax year in June may present an opportunity to buy a few cheap shares, so firmly on the radar.

To view the presentation, please click HERE

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Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

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Disclosure

At the time of writing the author does not hold shares in Boab Minerals

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