BOA’s Neds Creek Acquisition Hinges on Heritage Approvals and Drilling Success
BOA Resources has secured a significant foothold in Western Australia’s Murchison Copper Belt with a 49% stake in the Neds Creek copper project, setting the stage for targeted drilling and exploration backed by a $3.75 million capital raise.
- Acquisition of 49% interest in Neds Creek copper project covering 1,140km²
- Identification of multiple high-priority copper targets including Ricci Lee and Rooneys
- Exploration activities underway with drilling planned for Q2 2026
- Successful $3.75 million capital raising to fund exploration programs
- Appointment of experienced geologist David Reid as Exploration Manager
BOA Enters the Murchison Copper Belt
BOA Resources has made a strategic move into Western Australia’s Murchison Copper Belt by acquiring a 49% interest in the Neds Creek copper project. This acquisition encompasses 13 exploration licences spanning approximately 1,140 square kilometres in a region known for its copper mineralisation and historical mining activity. The project’s location within a prolific copper province offers BOA a promising platform to explore and potentially expand copper resources.
The Neds Creek project is particularly notable for its advanced Ricci Lee Prospect, which lies adjacent to the established Thaduna Copper Deposit. Ricci Lee has already yielded encouraging ore-grade copper intercepts and remains open for further resource definition along strike and at depth. Alongside Ricci Lee, other prospects such as Rooneys, Limestone Bore, and East/NE Green Dragon have been flagged as high-priority drill targets, underscoring the area’s exploration upside.
Exploration Strategy and Technology Integration
BOA is leveraging modern exploration techniques, including machine learning, to integrate diverse geological, geochemical, and geophysical datasets. This approach aims to refine target generation and prioritise drilling efforts efficiently. The company plans to commence drilling activities in the second quarter of 2026, pending the completion of heritage agreements and surveys, which are critical for regulatory compliance and community engagement.
In parallel, BOA is advancing exploration at its Fraser Range tenement, preparing to drill the Snowys Prospect, a highly conductive anomaly with potential for nickel, copper, and cobalt mineralisation. This diversification within its portfolio reflects BOA’s commitment to focusing on high-potential projects while rationalising lower-priority tenements, as evidenced by the recent surrender of several Fraser Range tenements.
Capital and Leadership Bolster Growth Prospects
To underpin its ambitious exploration programs, BOA successfully raised $3.75 million through a share placement, strengthening its cash position from a modest $237,000 at the end of December 2025. This capital injection is earmarked primarily for advancing the Neds Creek drilling campaign and associated activities.
Complementing this financial boost, BOA appointed David Reid as Exploration Manager. Reid brings extensive experience in Western Australian mineral exploration and will oversee the delivery of BOA’s exploration strategy, including acting as the Competent Person for resource reporting under the JORC Code. His leadership is expected to be pivotal as BOA moves from acquisition and planning into active resource definition.
Looking Ahead
BOA’s agreement with Core Value Australia NL includes an exclusive option to acquire the remaining 51% interest in the Neds Creek project, positioning the company for full ownership pending successful exploration outcomes and shareholder approvals. The coming months will be critical as BOA finalises heritage agreements, initiates drilling, and integrates its data-driven exploration approach to unlock the project’s potential.
Bottom Line?
BOA’s bold entry into the Murchison Copper Belt, backed by fresh capital and expert leadership, sets the stage for a pivotal exploration phase that could reshape its growth trajectory.
Questions in the middle?
- Will the upcoming drilling at Ricci Lee confirm a commercially viable copper resource?
- How quickly can BOA secure the remaining 51% interest in the Neds Creek project?
- What impact will heritage agreements and community engagement have on exploration timelines?
