Boab Metals (ASX:BML) announced financial results for the quarter ended 30 September 2022.

178 room camp secured for the Project for a total purchase price of A$1.29 million.

Amendments to the Sorby Hills EPA Approval received a key regulatory prerequisite for the commencement Early Works including: establishment of all-weather access to the Project; development of a materials laydown and hardstand area to facilitate construction of the expanded processing plant and associated infrastructure; and construction of an accommodation village at the Project site.

Completion of competitive tenders for Sorby Hills Project Early Works, Process Plant EPC and Mining Contracts.

Successful Completion of the Phase VI drilling program, with observed results to date: confirming mineralisation in infill drilling at the Beta and Norton Deposits to support future conversion of Mineral Resources to Ore Reserves; and extending mineralisation envelope at high-grade Beta deposit to support future Mineral Resource estimates.

The Company had a cash balance of approximately A$4.6M as at 30 September 2022.

Following the announcement the company?s share price unchanged.