Boa Resources Limited · ASX:BOA
Boa Resources — Shareholder Meeting (November 2025)
33 slides from Boa Resources's shareholder meeting presentation, Nov 27, 2025
Slide 1: 2025 Annual General Meeting
2025 Annual General Meeting 27 November 2025 For personal use only
Slide 2: Welcome and Agenda
Welcome and Agenda 1. Formal Items of Business – 2025 Financial Statements For personal use only – Resolution 1 – Remuneration Report – Resolution 2 – Re-election of Director – Resolution 3 – Replacement of Constitution (Special Resolution) – Resolution 4 – Approval of 7.1A Mandate (Special Resoluti
Slide 3: 2025 Financial Statements
2025 Financial Statements To consider and receive the financial statements of the Company for the year ended 30 June 2025, consisting of the Financial Report and the Reports of the Directors and Auditor. For personal use only As required by Section 317 of the Corporations Act, the financial statemen
Slide 4: Resolution 1 – Remuneration Report
Resolution 1 To consider and, if thought fit, to pass, with or without amendment, the following resolution as a non-binding resolution: For personal use only “That, for the purposes of section 250R(2) of the Corporations Act and for all other purposes, approval is given for the adoption of the Remun
Slide 5: Resolution 2 – Re-election of Director
Resolution 2 To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution: For personal use only “That, for the purpose of clause 13.2 of the Constitution, Listing Rule 14.5 and for all other purposes, Mark Tomlinson, a Director, retires by
Slide 6: Resolution 3 – Replacement of Constitution
Resolution 3 To consider and, if thought fit, to pass, with or without amendment, the following resolution as a special resolution: For personal use only “That, for the purposes of section 136(2) and section 648G of the Corporations Act and for all other purposes, approval is given for the Company t
Slide 7: Resolution 4 – Approval of 7.1A Mandate
Resolution 4 To consider and, if thought fit, to pass, with or without amendment, the following resolution as a special resolution: For personal use only “That, for the purposes of Listing Rule 7.1A and for all other purposes, approval is given for the Company to issue up to that number of Equity Se
Slide 8: Poll on Resolutions
For personal use only Poll on Resolutions ASX: BOA 8
Slide 9: Close of Formal Meeting
For personal use only Close of Formal Meeting ASX: BOA 9
Slide 10: Annual General Meeting of Shareholders November 2025
Annual General Meeting of Shareholders 27 November 2025 For personal use only
Slide 11: BOA Board and management
BOA Board and management Board and team with extensive experience in capital markets, resource exploration and discovery and growing shareholder value. For personal use only Cath Norman Mark Tomlinson Graeme Purcell Chair/Managing Director Non-executive Director Non-executive Director Management Nik
Slide 12: 2025 Year in review
2025 Year in review Portfolio rationalisation and capital discipline – Rationalisation of non-core tenements across southern WA and For personal use only Pilbara portfolios – Focus on highest-prospectivity Li and Ni/VMS targets: Bald Hill East, Cat Camp, Fraser South – Disciplined capital management
Slide 13: Exploration drilling update
Exploration drilling update Bald Hill East (Lithium) Fraser South – Snowys (Ni-Cu-Co) Cat Camp (Lithium) • 2 km from Bald Hill mine • Nova-style or modified VMS • Lake Johnston region; For personal use only (26.5Mt @1% Li₂O) nickel/copper target shallow, thick pegmatites • Targeting mineralised • Hi
Slide 14: Strategic Review & BOA's Forward Plan
Strategic Review & BOA’s Forward Plan Rationale for strategy review – BOA Lithium prospects remain compelling but early-stage For personal use only exploration = slower near-term growth – Portfolio optimisation ongoing – relinquishing tenements where there are no drillable prospects – Nickel price u
Slide 15: BOA expands critical minerals portfolio with entry into Murchison Copper Belt, WA
BOA expands critical minerals portfolio with entry into Murchison Copper Belt, WA – BOA acquires 49% interest in 13 exploration tenements at the Neds Creek Project, with For personal use only exclusive option to acquire remaining 51% – Strategically located near Sandfire’s De Grussa and Monty copper
Slide 16: Neds Creek exploration: Drill-ready targets identified
Neds Creek exploration: Drill-ready targets identified Multiple prospects Targeting sediment hosted structurally controlled epigenetic copper mineralisation, drill ready targets For personal use only Extensive pipeline Prospects at various exploration stages Ricci Lee prospectF7 Green Dragon ML – Ad
Slide 17: Thaduna Formation: Ricci Lee Prospect
Cu Thaduna Formation: Ricci Lee Prospect – Historic small-scale copper oxide mine – Analogue to the Thaduna Copper Deposit (5.5Mt at 2.2% Cu for 119kt Cu and 829koz AgF1), sub-parallel and 2km to the southwest, hosted in the same stratigraphy For personal use only – Copper mineralisation with 500m s
Slide 18: Ricci Lee Prospect vs Thaduna Deposit
Legend Ricci Lee Cu Ricci Lee Prospect vs >3% Cu long section with copper Thaduna Deposit 1.25% – 3% Cu <1.25% Cu intercepts – Comparison of Ricci Lee drilling For personal use only results and Thaduna ResourceF2 in cross section and at equal scale – Ricci Lee 2kms SW of Thaduna – Thaduna mineralisa
Slide 19: Thaduna Formation: Ricci Lee Prospect
Cu Thaduna Formation: Ricci Lee Prospect – Mineralisation identified West East from RAB drill testing of N For personal use only historic workings 2007 – Significant high-grade Thaduna mineralisation defined by Deposit 8 RC holes 2010 – 2013F3 – No follow up drilling undertaken – Up dip and down dip
Slide 20: Thaduna Formation: Other prospects
Cu Thaduna Formation: Other prospects – Multiple targets identified for drilling For personal use only – Analogous to Thaduna and Green Dragon – sediment hosted, fault controlled epigenetic copper mineralisation Green Dragon NE Rooneys N – Along strike from Thaduna and Green Dragon Green Dragon Roon
Slide 21: Johnson-Cairn Formation: Enigma Prospect
Cu Johnson-Cairn Formation: Enigma Prospect – Part of the Neds Creek Project, drilled and copper discovered by Sipa N Resources 2012-2014F7 – Initial drilling defined a large-scale copper mineralisation footprint For personal use only characterised as a shallow, laterally extensive copper oxide blan
Slide 22: BOA: Building a copper resource and growth for 2026
BOA: Building a copper resource and growth for 2026 – BOA expanding its critical minerals focus to include high potential copper projects in WA – 13 Exploration tenements1 covering 1,140km2 For personal use only – Nine high-priority targets identified, including the advanced Ricci Lee prospect – Ric
Slide 23: Transaction summary
Transaction summary For personal use only BOA acquires BOA to issue 14% BOA has the BOA will immediately BOA will raise 49% interest in scrip as consideration experience in commence planning $3.75M via a 13 exploration and carry Stanifer Board and for resource definition placement tenements through
Slide 24: Drilling to drive resource definition and newsflow
Drilling to drive resource definition and newsflow Commence Neds Creek target Complete Neds Creek target mapping and prospect ranking Resource mapping and prospect definition ranking Drill planning Commence resource and exploration drilling at Ricci Lee For personal use only Q4 2025 Q1 2026 Q2 2026
Slide 25: Leadership team with discovery and development experience
Leadership team with discovery and development experience Board and team with extensive experience in capital markets, resource exploration and discovery and growing shareholder value, complemented by appointment of new Exploration Manager For personal use only Cath Norman Graeme Purcell Mark Tomlin
Slide 26: Key transaction metrics
Key transaction metrics Capital structure Shares Options Cash2 6% For personal use only Shares on issue before transaction 123,352,847 27,033,723 $565,000 Consideration shares 17,269,399 - - 42% Placement1 150,000,000 5,000,000 $3,750,000 Post-transaction share ownership Total3 290,622,246 32,033,72
Slide 27: Planned BOA projects expenditure
Planned BOA projects expenditure Item Cost For personal use only Drilling $1,500,000 Heritage surveys $80,000 Exploration studies/geophysics $200,000 Tenement costs $150,000 Geological support $260,000 Total $2,190,000 Focus on resource definition drilling ASX: BOA 27
Slide 28: Use of funds
Use of funds Item Cost For personal use only Projects expenditure $2,190,000 Corporate administration $805,000 Estimated cost of transaction1 $255,000 Working capital / upside drilling $1,065,000 Total $4,315,000 73% of budget spent in ground 1. Estimated costs of the transaction including legal cos
Slide 29: Timetable
Timetable Event Date For personal use only ASX announcement of the Proposed Transactions 27 November 2025 Sandfire Send Notice of Meeting 1 December 2025 BOA Funds Shareholder meeting 12 January 2026 Other Completion of Proposed Transaction 14 January 2026 Building Australia’s next significant coppe
Slide 30: BOA Resources
BOA Resources Our company – Simplified, rationalised lithium & nickel portfolio ready For personal use only for drilling on approval – Transformational copper acquisition with immediateand long term value uplift potential – Strong exploration team with prior discoveries and proven capital market exe
Slide 31: Disclaimer
Disclaimer Forward Looking Statements JORC Compliance Statement This presentation is not an offer for financial products in any jurisdiction or a financial Footnotes: product recommendation. The information in this presentation is an overview and does F1 As reported to the ASX by Sandfire Resources
Slide 32: Contact us
Contact us Cath Norman Nathan Ryan Chair, Managing Director Investor Relations info@boaresources.com cnorman@boaresources.com nathan.ryan@nwrcommunications.com.au boaresources.com For personal use only © BOA Resources Limited ACN 149 582 687
Slide 33: General Q&A
For personal use only General Q&A ASX: BOA 33