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Boab Metals Secures DeGrussa Plant, Accelerating Sorby Hills Towards H2 2025 FID
4:38am on Monday 2nd of June, 2025 AEST
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Mining
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Boab Metals Secures DeGrussa Plant, Accelerating Sorby Hills Towards H2 2025 FID
4:38am on Monday 2nd of June, 2025 AEST
Key Points
Binding Sale and Purchase Agreement signed with Sandfire Resources for DeGrussa Plant acquisition at A$10 million
Acquisition reduces upfront capital costs and equipment procurement risks for Sorby Hills Project
Ongoing financing discussions to complement US$30 million Trafigura prepayment
Targeting Final Investment Decision (FID) in H2 2025
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