Investing News Network - Australia

Boab Metals Limited ASX $BML Secures US$30M Trafigura Deal to Advance Lead / #Silver Concentrate Production at the Sorby Hills Project. Boab Metals Limited Managing Director and CEO, Simon Noon “We are delighted to have secured support in the form of binding offtake and project financing from a party of Trafigura’s calibre. Throughout what has been a highly competitive offtake tender process, Trafigura has demonstrated a willingness to work constructively with the Company to deliver a result that is in the best interests of the Project. https://lnkd.in/g4Y3sR9D The binding Offtake Agreement and Prepayment Term Sheet with Trafigura represents a cornerstone of our targeted financing plan for Sorby Hills. We now look forward to further progressing discussions with other prospective senior lenders with a view toward reaching a final investment decision on the Project.” “The opportunity to secure high-quality concentrate from the Sorby Hills project is an exciting prospect for our lead trading book. We look forward to seeing Boab’s management team bring this project into production,” Trafigura’s Global Head of Zinc and #Lead has stated. Boab Metals Limited (ASX: BML) (“Boab” or “Company”) is pleased to announce that its wholly owned subsidiary, Sorby Hills Pty Ltd (“SHPL”), has executed a binding offtake agreement (the “Offtake Agreement”) with Trafigura Asia Trading Pte. Ltd. (“Trafigura”) for lead-silver concentrate produced from the Company’s flagship Sorby Hills Lead-Silver-Zinc Project, located in the Kimberley Region of Western Australia (“Sorby Hills” or “the Project”). In conjunction with the Offtake Agreement, the Company, SHPL and Trafigura have executed a binding term sheet (the “Prepayment Term Sheet”) for a US$30 million prepayment facility (the “Prepayment Facility”) which is subject to the satisfaction of certain conditions precedent. HIGHLIGHTS OF THE PREPAYMENT AND OFFTAKE TRANSACTIONS Prepayment Term Sheet US$30 million Prepayment Facility from Trafigura to be applied towards the construction and development of the Project. Interest Rate of SOFR1 + 5% per annum. 5-year Term from first drawdown with an 18-month interest only period. To be repaid via equal monthly instalments over 42 months following the 18-month interest only period. Financial Close and drawdown of the Prepayment Facility are subject to, amongst other things, the execution of definitive agreements, the finalisation of due diligence to Trafigura’s satisfaction and the Project being fully funded. If you have questions Please contact Simon Noon Congratulations to the team at BML: Simon Noon, Gary Comb, Richard Monti, Andrew Parker, Karen Ridley, Steve Jones, Barrie Bolton, Sam Charanya #Offtake #silverprice #SorbyHills #trafigura https://lnkd.in/g4Y3sR9D

Cygnus Metals and Doré Copper Mining Corp. Complete Merger https://lnkd.in/gY_s5Qi8 #copper #gold #investing #asx

The newly formed #ResourcesCabinetCommittee will provide progress updates after its second meeting in February 2025. #Queensland #Australia #resourceinvesting https://lnkd.in/g4hfQmAU

Traditionally used for industrial purposes, #nickel is also vital for new #technologies. Here's a look at the five biggest #ASXnickelstocks by market cap. BHP @IGO_Ltd #NickelIndustries Centaurus Metals Ardea Resources #nickelstocks #ASXstocks #nickelinvesting https://lnkd.in/gqjvq4Bc

Brightstar Resources managing director Alex Rovira offers his take on increased #M&A trend in the #gold mining sector, calling it a win-win for both parties. Watch our full interview. #exploration #ceoinsights #gold #investing https://lnkd.in/gHpd_NHY

Explorer and developer QEM Limited (#ASX: $QEM) said its Julia Creek #vanadium and #energy project has received coordinated project status from #Queensland's Office of the Coordinator-General. #ASXstocks #vanadiumstocks #vanadiuminvesting https://lnkd.in/g7zK_A6r

Australian companies are making moves in the #rareearths sector. Here's a look at the five biggest #ASX #rareearthsstocks by market cap. Lynas Rare Earths Ltd Iluka Resources Brazilian Rare Earths Limited Northern Minerals #rareearthsinvesting https://lnkd.in/gpc_irZc

Not all old mines should remain dormant. The town of #HillEnd made #mining history centuries ago and it's now emerging as a location with more #gold to offer. #ASX $VTX #ASXstocks #Australia #goldstocks #goldmining #goldinvesting #VertexMinerals https://lnkd.in/gEhqw3sm

#Australia's lingering #energycrisis is creating a need to accelerate its #cleanenergy strategy, with clean or #greenhydrogen presenting a compelling option to enable this transition. BPH Energy #ASXstocks $BP8 #energyinvesting #oilandgasinvesting https://lnkd.in/guuv5kH8

#Coppercables are at the heart of this #greenenergy revolution, playing a fundamental role in the construction and operation of #renewableenergy infrastructure. #EnergyTechnologies #ASX #ASXstocks $EGY #cleantechinvesting https://lnkd.in/gVE_gzwq