Australia's Boab Metals rises as co enters deal to advance Sorby Hills project

Boab Metals

08/04/2021 06:49

** Shares of lead-silver-zinc explorer Boab Metals  BML.AX 
gain as much as 4.9% to A$0.430, their highest since March 19
    ** Boab and its JV partner, China's Henan Yuguang Gold and
Lead Co, agree to accelerate finalisation of their "development
and operations" deal related to the Sorby Hills project in
Western Australia  urn:newsml:reuters.com:*:nASX4Mt4pn
    ** Says the deal will help facilitate engagement with
potential financiers and enable transition from feasibility
study to project development and construction
    ** Says co has already engaged with the Northern Australia
Infrastructure Facility (NAIF) and Export Finance Australia
(EFA) regarding potential finance for Sorby Hills
    ** BML set to post its two-day winning streak
    ** Stock has fallen 17.2% this year, as of last close

 (Reporting by Vasudha Kaukuntla in Bengaluru)
 ((Vasudha.Kaukuntla@thomsonreuters.com))