Boab Metals (ASX:BML) is assessing its Sorby Hills Silver-Lead-Zinc Project, located in the Kimberley region of Western Australia, with the company intending to return a final investment decision for the site in Q4 2025.
This comes after the company’s wholly owned subsidiary Sorby Management was granted approval for exploration activities at the project.
Under the Federal Environment Protection and Biodiversity Conservation (EPBC) Act 1999, Sorby will be able to commence development activities at the planned open-pit operation.
This includes construction of a tailings storage facility, evaporation pond, borrow pit, and other relevant infrastructure.
Managing Director Simon Noon explains that the EPBC approval paints certainty for the future development plans at the Sorby Hills Project.
“This EPBC approval is a key milestone for Sorby Hills,” Noon says.
Silver has been trading particularly high recently, representing a 43.92% increase in value over the past year.
Trading Economics reports the commodity priced at US$40.68 per ounce as of 3 September.
Lead is trading at US$1,993.80 per tonne with a 2.14% increase for this year to date, while zinc is marked at US$2,864.30 per tonne with a 4.08% monthly increase.
Boab Metals is an explorer and developer focused on advancing its Sorby Hills Project in Western Australia.
Write to Maddison Elliott at Mining.com.au
Images: Boab Metals
