BOA Resources Ltd (ASX:BOA) progressed preparations for drilling at its flagship Neds Creek Copper Project in Western Australia’s Murchison Copper Belt during the March quarter, with the Ricci Lee prospect confirmed as the priority target for resource definition drilling.
The company holds a 49% interest in Stanifer Pty Ltd, which owns the Neds Creek project interests, and has an exclusive option to acquire the remaining 51%.
Ricci Lee remains key focus
During the March quarter, BOA advanced heritage agreement work, prepared for heritage surveys and continued drill planning and logistics for Neds Creek.
Ricci Lee, about two kilometres southwest of the Thaduna Copper Deposit, is considered drill-ready and remains the company’s main focus for the next phase of work.
BOA is also assessing other mineralised targets across the broader project area, including Rooneys, Limestone Bore and East/NE Green Dragon, which have been identified from historical work as advanced copper prospects with exploration upside.
Machine learning to refine targets
The company is undertaking a machine learning-led compilation and interpretation program across Neds Creek’s geological, geophysical and geochemical datasets.
This work is designed to support target generation and ranking ahead of drilling, with BOA aiming to integrate historical datasets with modern targeting methods.
The geological team, led by newly appointed exploration manager David Reid, also completed a site visit during the quarter to support final drill planning and on-ground review of priority areas.
Fraser South and portfolio review
At Fraser South, also in Western Australia, BOA completed pre-drill site preparations at the Snowys prospect, a drill-ready electromagnetic target prospective for nickel-copper-cobalt or VMS-style mineralisation.
The company is seeking to secure a rig for drilling Snowys in 2026.
BOA also continued a review of its broader tenement portfolio, with the company deciding not to renew the Symons Hill tenement after no drillable prospects were identified.
What’s next
In the June quarter, BOA plans to complete heritage agreement and survey work required for drilling, finalise mobilisation activities and be drill-ready at Ricci Lee.
The planned program will target resource definition drilling at Ricci Lee and test additional high-priority copper targets across Neds Creek.
BOA also intends to continue refining targets generated through its machine learning and integrated dataset review.
The company ended the quarter with around $3.24 million in cash and no debt after completing a $3.75 million placement, leaving it funded for its forward drilling program.