Boab Metals Ltd - Quarterly Update - June 2020
Boab Metals Ltd (ASX:BML)

Quarterly Update - June 2020

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Highlights

What's happened?

Pacifico Minerals Ltd (ASX:PMY) have released their activity and cashflow reports for the June 2020 quarter.

What are the key highlights?

  1. Updated Mineral Resource Estimate for Sorby Hills:

file

  1. The Company delivered an update on the Optimised Pre-Feasibility Study, which highlighted the exceptional economic and operational parameters of the Project. This includes a 50% increase in throughput to 1.5mtpa and improved Pb recoveries from metallurgy.
  2. The Optimised Pre-Feasability Study is on track for completion in late July 2020.
  3. Acquisition of Eight Mile Creek land package adding 30km of strike length adjacent to Sorby Hills of prospective exploration ground.
  4. BurnVoir appointed to secure development funding for Sorby Hills following strong interest from multiple parties for potential offtake and debt financing.

For further details, please see the announcement linked below.

Managing Director's Summary

Simon Noon

“I am incredibly pleased with recent progress at Sorby Hills. The significant upgrade in the Mineral Resource Estimate increases confidence in the geological and resource model, which underpins the mining assumptions in the Optimised PFS. The addition of BurnVoir will allow Pacifico to progress funding options for the project in parallel with our ongoing technical work. We will continue to work hard to advance the project and I would like to thank the team for their efforts. We look forward to shortly updating the market on our Optimised PFS.”

Simon Noon
Managing Director, Boab Metals Ltd
Question   Ask Simon Noon a question...

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