Transformational Acquisition Consolidates and Expands BOA Resources Limitedβs Footprint
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BOA Resources Limited (ASX: BOA) announced plans on 25 June 2026 to acquire Core Value Australia NL and through it, the Thaduna and Green Dragon copper deposits in Western Australia. The transaction is designed to consolidate BOAβs copper position in the Neds Creek project and expand its exploration footprint.
The release notes that the deal will give BOA indirect ownership of deposits on granted mining leases with a combined JORC 2012 resource of 5.3Mt at 2.3% Cu containing 121kt of copper. It also includes BOA taking the remaining 51% of Stanifer Pty Ltd indirectly through CVA while Sandfire Resources will emerge as a substantial shareholder in BOA.
BOA has described the acquisition as transformational as it highlights its role in strengthening the copper portfolio, adding drill ready targets and supporting a broader regional strategy in the Murchison copper belt. The company also plans to integrate historical exploration data, assess resource growth opportunities and test nearby satellite targets.
BOAβs cash balance of about $3.2 million supports the transaction and the planned drilling program which is targeted to begin in late July. The release also places the announcement in market context by noting BOAβs opening share price of $0.061 on 25 June 2026, compared with the previous dayβs close of $0.057.
(Source: Company Announcement)
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