BOA Resources Stakes Claim in WA’s Murchison Copper Belt with Ricci Lee Drilling Set for 2026
BOA Resources has acquired a significant stake in the Neds Creek copper project in Western Australia’s Murchison region, setting the stage for a major exploration push in 2026 focused on the drill-ready Ricci Lee prospect.
- Acquisition of 49% interest in 13 tenements at Neds Creek with option for full ownership
- Strategic location near established copper-gold mines in Murchison Copper Belt
- Nine high-priority drill targets identified, including Ricci Lee for immediate resource drilling
- Planned $3.75 million capital raise to fund exploration and drilling programs
- Use of machine learning to enhance targeting and prospect ranking
Strategic Entry into a Copper-Rich Region
BOA Resources has made a decisive move into Western Australia’s prolific Murchison Copper Belt by acquiring a 49% interest in 13 exploration tenements at the Neds Creek Project, with an exclusive option to acquire the remaining 51%. This acquisition places BOA in a prime position near major copper-gold operations such as Sandfire’s De Grussa and Monty mines, as well as the Thaduna and Green Dragon copper deposits.
Drill-Ready Targets and Immediate Focus
The company has identified nine high-priority targets for drilling, with the Ricci Lee prospect taking centre stage. Ricci Lee, located just two kilometres southwest of the Thaduna Copper Deposit, boasts significant copper mineralisation with broad intersections and remains open along strike and at depth. BOA plans to commence resource definition drilling at Ricci Lee in the first half of 2026, aiming to rapidly advance the project towards establishing a substantial copper resource.
Harnessing Data and Technology for Exploration
BOA is leveraging an extensive database of drilling and geophysical information, integrating these with machine learning techniques to refine target generation and prospect ranking. This data-driven approach is designed to optimise exploration efficiency and increase the chances of discovery across the underexplored tenements.
Funding the Growth Strategy
To support this ambitious exploration program, BOA intends to raise $3.75 million through a placement, boosting its cash reserves to approximately $4.4 million. The funds will primarily be allocated to drilling, heritage surveys, geophysical studies, and geological support, underpinning a comprehensive campaign to unlock the potential of the Neds Creek assets.
Experienced Leadership and Clear Roadmap
BOA’s leadership team brings decades of experience in resource exploration and capital markets, with a track record of discovery and development. The company has laid out a clear timetable, including heritage agreements, pre-drill surveys, and phased drilling programs throughout 2026, aiming to deliver regular news flow and build shareholder value through resource growth.
Bottom Line?
BOA’s bold acquisition and data-driven exploration strategy could position it as a key player in WA’s copper sector, but the success hinges on upcoming drilling results and market reception.
Questions in the middle?
- Will BOA secure full ownership of the Neds Creek tenements following shareholder approval?
- How will the initial drilling results at Ricci Lee influence BOA’s exploration priorities and capital allocation?
- Can machine learning-driven targeting significantly accelerate discovery in this underexplored copper belt?