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Boab Metals Limited Signs Heads of Agreement for New Accommodation Facility in Kununurra Boab Metals Limited

Boab Metals Limited Signs Heads of Agreement for New Accommodation Facility in Kununurra

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Kununurra, Western Australia - Boab Metals Limited (ASX: BML), a leading mining company, has announced its latest partnership with the Shire of Wyndham and East Kimberley (SWEK) to develop a new accommodation facility in Kununurra. The facility, which will be located just 50km from Boab's Sorby Hills Lead-Silver-Zinc Project, is expected to provide housing for up to 180 personnel.

Under the recently executed Heads of Agreement (HOA), Sorby Management Pty Ltd (SMPL), a subsidiary of Boab Metals Limited, will fund the pre-construction work, including approvals and conceptual design, while SWEK will oversee the detailed design and construction of the facility. The HOA also secures a 10-year lease for SMPL, with an option to extend for an additional 5 years.

The partnership between Boab Metals Limited and SWEK highlights the potential synergies between the Sorby Hills Project and the East Kimberley community. The development of the new accommodation facility not only benefits Boab's employees, providing them with access to local services and community activities, but also allows the Shire to leverage the infrastructure for the long-term benefit of the community.

Simon Noon, the Managing Director and CEO of Boab Metals Limited, expressed his excitement about the partnership, stating, "We are delighted to announce this significant partnership and enormous opportunity with SWEK.

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The Heads of Agreement represents an outstanding example of stakeholders working together to deliver a mutually beneficial outcome. "

The construction of the new accommodation facility is expected to commence in the coming months, marking a significant step forward for both Boab Metals Limited and the East Kimberley community.

About Boab Metals Limited

Boab Metals Limited (ASX: BML) is a leading mining company specialising in the production of lead, silver, and zinc. Headquartered in Western Australia, Boab Metals Limited is committed to sustainable and responsible mining practices.

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