Boab Metals (ASX:BML) has outlined its strategic priorities for 2026 as construction ramps up at its fully funded Sorby Hills Silver-Lead Project following a final investment decision in late 2025.
The company is well-positioned to capitalise on strong silver prices, currently trading three times higher than 2024 FEED assumptions, and a series of near-term catalysts.
Construction activities for the year include site establishment, on-site accommodation, bulk earthworks including tailings and water storage facilities, relocation and commissioning of the DeGrussa processing plant, commencement of mining operations, and development of supporting infrastructure.
A comprehensive project delivery plan is expected in Q2 2026, incorporating contract finalisations, execution plans, and updated macroeconomic assumptions, alongside a suite of optimisation initiatives to enhance economics and reduce costs.
Boab will also undertake a targeted drilling program at Sorby Hills and its surrounding tenure to support resource-to-reserve conversion, silver-focused resource expansion, and broader exploration, while advancing exploration at its 100%-owned Manbarrum Zinc-Silver-Lead Project.
Key corporate milestones in early 2026 include Boab's acquisition of the remaining 25% interest in Sorby Hills, completion of the DeGrussa processing plant purchase, and finalisation of a $236 million project finance debt facility.
Strategic discussions with metal traders will continue, with the company retaining full discretion over uncontracted concentrate sales, ensuring flexibility to maximise value from its silver-rich lead production.First concentrate production remains on track for H2 2027.
At the time of reporting, Boab Metals' share price was $0.56.