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How Boab Metals’ DeGrussa Plant Deal Accelerates Sorby Hills Development

9:50am on Thursday 31st of July, 2025 AEST Mining
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How Boab Metals’ DeGrussa Plant Deal Accelerates Sorby Hills Development

9:50am on Thursday 31st of July, 2025 AEST
Key Points
  • Binding agreement signed to acquire DeGrussa Processing Plant for A$10 million
  • A$6 million placement completed to fund pre-development and working capital
  • Multiple non-binding financing term sheets received, confidence in securing funding
  • Cash balance of A$7.6 million at quarter end
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