MANBARRUM PROJECT

The Manbarrum Project is located within the Northern Territory, 25 km east of Boab’s flagship Sorby Hills Project. Boab acquired 100% of the Manbarrum Project including associated mining leases, mining lease applications, exploration licences, and mining information from Todd River Resources in July 2021.

• Mineral Resources declared at two prospects (Sandy Creek and Djibitgun) within the Manbarrum project area.
• 175km2 of prospective tenements (including two granted mining leases) covering geology genetically related to that found at Sorby Hills will allow for an effective transfer of technical knowledge to maximise exploration and Resource development potential at Manbarrum.
• Conceptual open pit mining studies
• completed by CSA Global in 2018 delivered positive results based on an on-site processing facility and identified the opportunity to improve project economics via toll treating at a future plant located at Sorby Hills.

The Company will concurrently investigate how the Manbarrum Project may incorporate into Boab’s broader regional production strategy.