Company
ASX: BOA
Boadicea Resources Ltd is an Australian minerals exploration company with a portfolio of tenements focused in Western Australia’s Eastern Goldfields, Lake Johnston, Mt Ida and Fraser Range regions. The company is exploring for metals required for battery production and critical to the energy transition to renewable sources. It focuses on exploring for lithium, nickel, copper and gold (which also provides a safe haven to investments in times of turmoil).
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The company’s tenements are prospective for nickel, lithium, copper, cobalt and gold and are in the world-class Australian locations of Fraser Range, Paterson Province, Charters Towers, Drummond Basin and Eastern Goldfields.
“There is potential for diamond drilling later in 2022 to test high priority targets,” says MD.
“The completion of the first phase of exploration activity at the Bald Hill East Lithium Project paves the way for more advanced exploration with drill testing of potential lithium targets,” says MD.
“In the past two years we have been strengthening the company’s board to drive our business development plans and grow our exploration endeavours,” says chairman.
“The recent news of R&D exploration within Symons Hill provides an exciting step in the understanding of the Orion chonolith and improving target locations for future drilling programs, strengthening the success of exploration efforts," say
US markets will benefit from still strong growth, low-interest rates, and its world-leading tech sector,” analyst Josh Gilberts says.
“We are making significant strides to be an explorer that meets the demands of the metals that will deliver a cleaner and greener future to feed the EV market which requires significant injection of new lithium discoveries to come into prod
The company believes its Koongulla tenements have the potential to become the next major gold-copper discovery in the region and be a company maker.
Boadicea has aligned its exploration strategy with four of the key electric vehicle (EV) metals, namely, copper, nickel, cobalt and now lithium.
As it continues work over its precious and base metal properties, BOA is on the hunt for a suitable lithium project and other quality copper/gold assets.
Consolidation of historical data with recent exploration activities and drilling has provided confidence to pursue further exploration work at the Symons Hill licence while a new target has been identified at South Plumridge.
Executive director Steven Moon has this month acquired 50,000 ordinary shares at $0.18 per share in a direct interest.
The prospect of receiving this $50 million is enhanced by IGO’s encouraging exploration of intrusions of Boadicea’s Symons Hill licence adjacent to the Nova-Bollinger mine.
Boadicea will advance the new Mt Carmel Project alongside its existing Clarke Reward Project with the aim of adding a significant gold resource to its portfolio.
The mineral exploration company could be in for a $50 million payday and a 0.75% net smelter royalty if IGO establishes a JORC resource within a five-year period.
The ASX-lister is working to develop its base and precious metals portfolio in three of Australia’s hottest exploration locations: the Fraser Range, Paterson Province and Drummond Basin regions in Western Australia and North Queensland.
The project covers 96 square kilometres of highly anomalous magnetic features in a structural position at the margin of the Drummond Basin and the Anakie Metamorphic complex.
It is also looking at a potential $50 million payday, as well as 0.75% NSR royalty from its Fraser Range nickel assets operations managed by IGO Ltd.
The company is undertaking a reprocessing of existing open file geophysical data at Clarke Reward and now that the licence is granted, will progress geophysical on-ground and airborne surveys.
Exploration plans will focus on advancing the understanding of the Koongulla Dome and an airborne geophysical survey covering all of Koongulla East will be completed in August.
