Capital Cost and Project Delivery Timeline Reductions

Boab Metals Limited (ASX: BML) (“Boab” or “the Company”) is pleased to update the market on capital expenditure savings realised on the Early Works program and positive results of the Processing Plant tender for the Sorby Hills Lead-Silver Project located in Western Australia (“Sorby Hills”, the “Project”). HIGHLIGHTS • Minimum A$20M reduction in the Processing Plant Capital Cost o Tender process