Australia's Boab Metals jumps as WA project starts operations

Boab Metals

16/06/2023 03:51

** Shares of Boab Metals  BML.AX  jump as much as 8.6% to
A$0.190, on track for best session since April 4, if gains hold
    ** Co announces the launch of Phase VII drilling programme
at Sorby Hills lead-silver-zinc project in Western Australia
    ** "The Phase VII program's primary objective will be to
grow the Sorby Hills production target through a combination of
metallurgical, extensional and in-fill drilling," says BML
    ** Adds the Phase VII drilling programme is anticipated to
take about six weeks to complete with assay results targeted for
mid Q3 
    ** Stock hits highest level since June 9
    ** More than 236,000 shares change hands, compared with the
30-day average of about 186,000 shares 
    ** As of last close, stock down ~41.7% this year
    


 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))