Core Viewpoint - Boab Metals has exercised its option to acquire 100% interest in the Sorby Hills project, gaining complete control of a significant silver-lead operation in Western Australia [1][6] Group 1: Acquisition Details - Boab currently owns a 75% stake in the Sorby Hills project and will acquire the remaining 25% from Henan Yuguang (Australia) for A$12.5 million (approximately $8.26 million) [1][5] - The transaction is expected to close in January 2026, and all funds required for the acquisition have been secured without the need for additional funding [6] Group 2: Project Specifications - Post-acquisition, Boab will have rights to sell over 100% of the planned 897 kilo tonnes (kt) of concentrate, which is projected to contain about 18.6 million ounces (moz) of silver and 575 kt of lead [2] - Sorby Hills is recognized as the largest undeveloped, near-surface lead-silver deposit in Australia, with mining leases and Environmental Protection Agency (EPA) approval already secured [3] Group 3: Financial and Operational Outlook - Boab has made a final investment decision (FID) on the project, aiming to commence initial production in the second half of 2027 [3] - The company anticipates increased operating margins driven by a silver price that is over 100% higher than previously assumed in their feasibility study [5] - In addition to the A$12.5 million completion payment, Boab will make deferred payments of A$5.5 million at 12 months and A$5 million at 18 months after the start of concentrate production [5] Group 4: Management Commentary - Boab's managing director and CEO, Simon Noon, acknowledged the valuable support from Yuguang over the past seven years, which has been crucial in progressing the project to the point of making a final investment decision [4]