BOA Resources Advances WA Lithium-Nickel Drilling Amid Heritage Delays
BOA Resources is progressing drill plans for key lithium and nickel tenements in Western Australia, though heritage survey delays have pushed timelines. The company is also streamlining its portfolio to focus on high-potential assets.
- Drill planning underway for Bald Hill East, Cat Camp, and Fraser South tenements
- Heritage survey delays have postponed 2025 drilling programs
- Fraser South’s Snowys Prospect drilling approved for first half of 2026
- Portfolio rationalization continues with relinquishment of non-core tenements
- BOA holds $565,000 cash with zero debt as of September 2025
Drill Plans Progress Despite Delays
BOA Resources Limited is advancing its exploration efforts across several lithium and nickel tenements in Western Australia, with drill planning actively underway for the Bald Hill East, Cat Camp, and Fraser South projects. These sites represent the company’s core focus areas, targeting extensions of known mineralisation and new discoveries in highly prospective regions.
However, the company has encountered delays in completing heritage surveys, a prerequisite for obtaining drilling approvals. These delays, attributed to the unavailability of heritage representatives, have pushed back the planned drilling timetable into later in 2025 and early 2026. Notably, the Fraser South tenement’s Snowys Prospect has received its Program of Work approval, positioning BOA to commence drilling in the first half of 2026.
Strategic Portfolio Optimization
In parallel with exploration activities, BOA is conducting a thorough review of its tenement portfolio to sharpen its strategic focus. This process has led to the relinquishment of the Giles South tenement, which was deemed to lack drillable targets, reflecting a disciplined approach to capital allocation. The company aims to concentrate resources on high-potential projects while actively evaluating new opportunities aligned with its growth objectives.
BOA’s management underscores the importance of cost control amid a challenging environment for junior explorers. By maintaining tight administration and personnel costs, the company seeks to maximize the efficiency of its capital deployment.
Financial Position and Partnerships
As of 30 September 2025, BOA Resources reported a cash balance of $565,000 with no debt, providing a stable financial footing to support its exploration programs. Additionally, IGO Limited has returned operatorship of the Symons Hill tenement to BOA after completing its evaluation, leading to the termination of their agreement. This move further consolidates BOA’s direct control over its exploration assets.
Looking ahead, the company’s ability to navigate regulatory processes, particularly heritage approvals, will be critical to maintaining momentum. The outcomes of the upcoming drill programs at Bald Hill East, Cat Camp, and Fraser South will be closely watched by investors seeking signs of resource expansion or new discoveries.
Bottom Line?
BOA’s focused exploration and portfolio refinement set the stage for potential breakthroughs, but regulatory delays remain a key hurdle.
Questions in the middle?
- How will ongoing heritage survey delays impact BOA’s drilling schedule and results?
- What new opportunities might BOA pursue as it reallocates capital from relinquished tenements?
- Can BOA’s cash position sustain its exploration ambitions amid a tough junior mining market?
