Price, volume & events
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- Last 2026-11-06
- A$0.305
- 1D
- —
- 1M
- —
- YTD
- —
- 1Y
- —
- Fair value
- Locked: sign in to view
- Upside
- Locked: sign in to view
- Mkt cap
- A$176.5M
- EV
- A$155.2M
- Cash
- A$29.9M
- Debt
- A$6.8M
2 newer ASX announcements not yet reflected in this valuation
- Notification regarding unquoted securities - BMLPost Cash Checkpoint Security Event
- Application for quotation of securities - BMLPost Cash Checkpoint Security Event
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Sign in or enter a guest codeAnnouncements
Latest 12 of 8All sources ▸- Full Year Statutory AccountsResults
- Corporate PresentationResults
- Quarterly Activities/Appendix 5B Cash Flow ReportResults
- Quarterly Activities/Appendix 5B Cash Flow ReportResults
- Quarterly Activities and Appendix 5B Cash flow ReportResults
- Sorby Hills Fully Funded to ProductionFinancing
- 2025 Annual ReportFinancing
- Sorby Hills FEED Study ResultsStudy
Event calendar · next 12 months
6 events| Timing | Event | Category | Confidence | Materiality | Investor relevance |
|---|---|---|---|---|---|
| 2026-10-31 to 2026-12-31 | Remaining Phase IX assay results | Exploration | Company Guided | Medium | Observable delivery gate affecting construction liquidity, ramp-up or reserve confidence; guidance is not a guaranteed date. |
| 2026-10-31 to 2026-12-31 | First construction debt draw after conditions precedent | Financing | Company Guided | High | Observable delivery gate affecting construction liquidity, ramp-up or reserve confidence; guidance is not a guaranteed date. |
| 2026-10-31 to 2026-12-31 | Definitive RE:GROUP mining contract | Economic Arrangement | Company Guided | High | Observable delivery gate affecting construction liquidity, ramp-up or reserve confidence; guidance is not a guaranteed date. |
| 2027-01-01 to 2027-03-31 | Mining mobilisation and commencement | Construction Or Commissioning | Company Guided | High | Observable delivery gate affecting construction liquidity, ramp-up or reserve confidence; guidance is not a guaranteed date. |
| 2027-03-16 to 2027-03-31 | Diesel power station energisation | Construction Or Commissioning | Company Guided | High | Observable delivery gate affecting construction liquidity, ramp-up or reserve confidence; guidance is not a guaranteed date. |
| 2027-07-01 to 2027-09-30 | First concentrate production | Production | Company Guided | High | Observable delivery gate affecting construction liquidity, ramp-up or reserve confidence; guidance is not a guaranteed date. |
Executive roster
As of 2026-10-30Background checks ▸Audited annual executive director and company secretary reconciled with current primary project narrative and local management screen; non-executive directors are covered in the report.
| Executive | Title | Normalized role | Appointed | Sources |
|---|---|---|---|---|
| Simon Noon | Managing Director & CEO | Executive Director · Chief Executive | 2013-10-19 | Full Year Statutory Accounts |
| Jerry Monzu | Company Secretary | Company Secretary | — | Full Year Statutory Accounts |
| Russell Taylor | Project Director | Operations · Senior Management | 2025-09-12 | Full Year Statutory Accounts · BML management background screening |
| Simon L. Dorling | Exploration Manager | Technical · Senior Management | — | BML management background screening · Sorby Hills Project Delivery Plan |
devCoverage status: Complete As Disclosed
Portfolio detail
Assets
Core asset
Sorby Hills Silver-Lead Project
AU
Construction100% ownedSilverLeadZinc
100% through Sorby Hills Pty Ltd following Yuguang completion27January2026. DeGrussa plant forms part of project. Conditional debt drawdown; first concentrate Q32027.
- Study
- Project Delivery Plan — main22Mt pre-tax case
- Post-tax NPV (study prices, attributable)
- —
- NPV restated at our deck (attributable)
- Locked
- IRR
- 97%s
- Initial capex (100%)
- A$261.5ms
- Capital intensity
- A$125/(oz/yr)d
- LoM AISC
- A$12.42/ozs
- Mine life
- 10.5 yrss
Project location
Site imagery
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© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Published study economicsIssuer or study metrics
NPVA$1.1B8% discount
IRR97%Published return
Initial capexA$261.5MPublished capital estimate
Operating cost8.7USD/oz Ag AISC net lead credits
100% project pre-tax NPV at 1 September 2026, remaining pre-production 205.2m already deducted; not equity value.
Resources & reserves7
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | Measured | 13.1M t | 42g/t Ag;3.4%Pb | Silver · Lead · Zinc | 2026-09-29 |
| Mineral Resource | Indicated | 12.7M t | 31g/t Ag;3.2%Pb | Silver · Lead · Zinc | 2026-09-29 |
| Mineral Resource | Inferred | 24.9M t | 30g/t Ag;2.6%Pb | Silver · Lead · Zinc | 2026-09-29 |
| Mineral Resource | Total | 50.6M t | 34g/t Ag;3%Pb | Silver · Lead · Zinc | 2026-09-29 |
| Ore Reserve | Proved | 11.6M t | 40.9g/tAg;3.3%Pb | Silver · Lead | 2026-09-29 |
| Ore Reserve | Probable | 6.7M t | 31.3g/tAg;3%Pb | Silver · Lead | 2026-09-29 |
| Ore Reserve | Total | 18.3M t | 37.3g/tAg;3.2%Pb | Silver · Lead | 2026-09-29 |
Tenements5
Permits & approvals1
| Permit | Jurisdiction | Status | Expiry | Critical path |
|---|---|---|---|---|
| EPBC, WA environmental approvals, Mining Proposal and Mine Closure Plan | Australia / Western Australia | Granted | — | Yes |
Economic studies2
| Study | Stage | Status | Date | Summary |
|---|---|---|---|---|
| Sorby Hills Project Delivery Plan | Updated Feasibility | Current | 2026-09-29 | 22 Mt production target, 10.5 years, 16% Inferred, pre-tax NPV8 A$1,061m at the issuer forward deck; separate 18.3 Mt reserve-only ERM post-tax NPV8 330m at US$60 silver. |
| Sorby Hills FEED | Feed | Superseded | 2024-06-06 | Old 8.5-year plan; pre-tax NPV8 411m at US$27.4 silver; superseded by the current plan. |
Other
Manbarrum Project
AU
Resource Stage100% ownedZincSilverLead
Historic Sandy Creek/Djibitgun resources; current economic development route and attributable resource table not verified in the releases reviewed.
- Contained metal (attributable)
- —
- Resource grade
- —
- % Measured + Indicated
- —
- Resource tonnes
- —
- Our value per attrib. contained unit
- Locked
- Mining method
- —
Project location
Approximate location
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© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Other
Eight Mile Creek
AU
Early Explorer100% ownedLeadSilverZinc
Regional exploration corridor south of Sorby Hills; no separate economic study.
- Ownership
- 100%
- Commodity
- Pbr
- Country
- AUr
- Best recent intercept (grade x width)
- —
- Metres drilled (12M)
- —
- Exploration spend (12M)
- —
Other
Borroloola West
AU
Early Explorer51% ownedLeadZinc
Joint operation51% for EL26938/26939/28658/MLN624; EL31354 separately100%, no incremental asset value attributed to either scope.
- Ownership
- 51%
- Commodity
- Pbr
- Country
- AUr
- Best recent intercept (grade x width)
- —
- Metres drilled (12M)
- —
- Exploration spend (12M)
- —
Project location
Approximate location
Loading imagery…
© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Other
Urrao
CO
Early Explorer100% ownedGold
Legacy Colombian exploration; immaterial carrying balance, no current project economics established.
- Ownership
- 100%
- Commodity
- Aur
- Country
- COr
- Best recent intercept (grade x width)
- —
- Metres drilled (12M)
- —
- Exploration spend (12M)
- —
Other
Ivanhoe Village Resort
AU
Producer100% ownedOthers
Operating tourism business acquired20May2026 for5.067899m; overflow workforce capacity. Valued on recent arm’s-length transaction, not mine expiry.
- Ownership
- 100%
- Description
- Ivanhoe Village Resort operating tourism accommodation and workforce overflow
- Book value
- A$5.1m
d derivedr our researchg guidances study forecastm daily marketNo marker: as reported— / NM missing or not meaningful (hover for why)
Stock database
Other assets
- Product and spec
- Silver-lead concentrate
- Nameplate capacity
- 2.25e+06 tpa
- Throughput (12M)
- —
- Utilisation
- —
- Capital intensity (capex / tpa)
- —
- Feed source
- Captive Sorby Hills ore
- Offtake contracted
- 50%
Funding, performance and ownership
Financials & Capital
Liquidity
Financial position
Project funding commitment is sufficient on budget, but cash on hand is less than one quarter of construction burn; a timely December 2026 draw is essential. The conditional facility is not unrestricted liquidity.
Capital structure
Ownership and dilution
- Ordinary shares
- 578.6M
- Fully diluted
- 592.3M
279,228,439 opening shares + 292,499,964 placements/SPP + 2,254,283 resort consideration + 4,625,807 rights conversion = 578,608,493; plus 13,700,000 remaining rights = 592,308,493 fully diluted. No cash proceeds assumed. Annual notes and register differ on exact expiry dates: retain year ranges, no invented resolution.
Security classes2
| Class | Type | Quantity | Strike | Expiry |
|---|---|---|---|---|
| ASX BML ordinary fully paid | Ordinary Share | 578.6M | — | — |
| Class C 4.2m; D 2.25m; E 2.25m; F 4.5m; project director 0.5m, nil exercise; expiry varies 2027–2030. | Performance Right | 13.7M | A$0 | — |
Actuals and forecasts
Financial statements
| AUD | Unit | Trend | FY2025AA | FY2026AA |
|---|---|---|---|---|
| Operations | ||||
| Sorby Hills payable silver | oz | 0.00 | 0.00 | |
| Sorby Hills payable lead | t | 0.00 | 0.00 | |
| Ore processed | t | 0.00 | 0.00 | |
| Design processing capacity | t/yr | 0.00 | 0.00 | |
| Profit and loss | ||||
| Silver revenue | AUDm | 0.0 | 0.0 | |
| Lead revenue | AUDm | 0.0 | 0.0 | |
| Statutory actual revenue / forecast mine revenue | AUDm | 0.2 | 2.2 | |
| Other income | AUDm | 0.0 | 0.6 | |
| Operating costs, royalties and other charges | AUDm | 3.9 | 9.8 | |
| Total reported income | AUDm | 0.2 | 2.8 | |
| EBITDA (derived statutory actual) | AUDm | (3.7) | (7.0) | |
| D&A / forecast tax-basis proxy | AUDm | 0.1 | 0.1 | |
| EBIT | AUDm | (3.8) | (7.1) | |
| Net finance cost | AUDm | 0.0 | 0.3 | |
| Tax expense / cash tax | AUDm | 0.0 | (0.2) | |
| Profit before tax | AUDm | (3.8) | (7.4) | |
| NPAT | AUDm | (3.8) | (7.2) | |
| Cash flow | ||||
| Unlevered operating cash flow (forecast) | AUDm | (3.8) | (1.6) | |
| Sustaining capex, including DeGrussa final instalment | AUDm | 0.0 | 0.1 | |
| Growth / construction capex | AUDm | 0.5 | 28.9 | |
| Capitalised exploration capex | AUDm | 0.0 | 0.0 | |
| Total organic investing / capex | AUDm | 0.5 | 29.0 | |
| Unlevered free cash flow (forecast) | AUDm | (4.3) | (30.6) | |
| Gross equity raised | AUDm | 6.7 | 117.0 | |
| Debt construction draws | AUDm | 0.0 | 0.0 | |
| Debt principal repayments | AUDm | 0.0 | 0.0 | |
| Net change in cash | AUDm | 1.9 | 53.3 | |
| Balance sheet | ||||
| Cash | AUDm | 7.5 | 60.9 | |
| Debt excluding corporate leases | AUDm | 0.0 | 6.8 | |
| Net debt excluding leases | AUDm | (7.5) | (54.1) | |
| Equity (actual only) | AUDm | 15.8 | 121.4 | |
| Per share | ||||
| Period-end / diluted forecast shares | m shares | 279.2 | 578.6 | |
| EPS | AUD/share | (0.02) | (0.02) | |
| DPS | AUD/share | 0.00 | 0.00 | |
| Multiples and ratios | ||||
| EV / EBITDA (x, current EV) | x | (39.3) | (20.9) | |
| P / E (x, current market cap) | x | (43.7) | (23.2) | |
| FCF yield (current market cap) | % | -2.6% | -18.2% | |
| EBITDA margin | % | -2141.2% | -312.9% | |
| Net debt / EBITDA (x) | x | 2.0 | 7.7 | |
KPI history
Operating metrics
Operating metric source table3
| Metric | Project | Period | Period type | Value | Status |
|---|---|---|---|---|---|
| Consolidated unrestricted cash | Company | 30June2025 audited | Point In Time | 7,528,528 AUD | Reported |
| Consolidated unrestricted cash | Company | 30June2026 audited | Point In Time | 60,862,295 AUD | Reported |
| Consolidated unrestricted cash | Company | 30September2026 Appendix5B | Point In Time | 29,923,000 AUD | Reported |
Company guidance2
| Metric | Project | Period | Low | High | Status |
|---|---|---|---|---|---|
| Nameplate Ore Processing | sorby_hills | Steady state following ramp up | 2,250,000 | 2,250,000 t/yr | Current |
| Lom Average Silver Production | sorby_hills | 10.5-year production target | 2,100,000 | 2,100,000 oz/yr | Current |
Capital history
Capital events
| Date | Event | Amount | Shares | Price | Status | Terms |
|---|---|---|---|---|---|---|
| 2026-01-14 | Raising | A$7M | 17.5M | — | Completed | — |
| 2025-12-15 | Raising | A$60M | 150M | — | Completed | — |
| 2025-10-14 | Raising | A$50M | 125M | — | Completed | — |
Contracts and ownership
Material economic arrangements These are deals that can affect sales, costs, funding or ownership. An arrangement marked “Included in valuation” may already be built into a project estimate or the bridge to shareholder value. A separate amount is shown only when one can be estimated; do not add it again.
Primary annual notes, current delivery plan, latest quarterly and funding amendment reviewed. All material identified contracts are registered; confidential price annexures and counterparty names for the legacy royalty/JV are not publicly reconciled.
50% of concentrate, minimum 354 kt; improved spot TC exposure after the US$30m prepayment was declined. Remaining 50% EOI/negotiation in Q4 2026; commercial details are not fully public.
Offtake · Active- Counterparties
- Trafigura Asia Trading Pte Ltd
- Applies to
- Sorby Hills Silver-Lead Project · Silver · Lead
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- concentrate_share_pct: 50
minimum_concentrate_t: 354,000
How it affects our valuation
No valuation treatment is available for this arrangement.
Prepayment no longer required after equity/SFA funding; no cash or debt added.
Other · Terminated- Counterparties
- Trafigura
- Applies to
- Sorby Hills Silver-Lead Project · Silver · Lead
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- former_limit_usd: 30,000,000
How it affects our valuation
This arrangement has ended; no current valuation treatment is required.
Private 1% NSR remains active. Explicit incremental charge in the DCF because the current main-body cost table only identifies state royalties of 5% Pb / 2.5% Ag.
Royalty · Active- Counterparties
- Quintana MH Holding Company LLC
- Applies to
- Sorby Hills Silver-Lead Project · Silver · Lead
- Economic direction
- Burden
- Period
- Dates not stated
- Key terms
- nsr_pct: 1
How it affects our valuation
No valuation treatment is available for this arrangement.
State royalties applied after typical TC/RC and shipping deductions. The model approximation uses net receipts after charges.
Royalty · Active- Counterparties
- Western Australia
- Applies to
- Sorby Hills Silver-Lead Project · Silver · Lead
- Economic direction
- Burden
- Period
- Dates not stated
- Key terms
- lead_pct: 5
silver_pct: 2.5
How it affects our valuation
No valuation treatment is available for this arrangement.
Construction draws are conditional on conditions precedent; the capitalised upfront fee of 6.774958m is already borrowings despite zero cash construction draw; liquidity financing is separate from FCFF.
Other · Active- Counterparties
- Merricks Capital and Adare Finance DAC / Davidson Kempner
- Applies to
- Sorby Hills Silver-Lead Project · Silver · Lead
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- facility_aud_equivalent: 236,000,000
interest_pct: 12
annual_facility_fee_pct: 2.5
maturity_years_from_financial_close: 5
dscr_min: 1.3
llcr_min: 1.2
plcr_min: 1.5
ltcr_max_pct: 65
How it affects our valuation
No valuation treatment is available for this arrangement.
Construction USD loan conversion hedges; first 21m leg frozen at cutoff, remaining 45.6m term-bounded FX response; no hedge over lifetime operating revenue.
FX Hedge · Active- Counterparties
- Approved FX hedging counterparty (unnamed)
- Applies to
- Sorby Hills Silver-Lead Project
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- usd_notional: 66,600,000
aud_fixed_proceeds: 93,670,000
maturities: 21m30Oct2026;21m30Dec2026;18m31Mar2027;6.6m30Jun2027
How it affects our valuation
No valuation treatment is available for this arrangement.
Dismantling, refurbishment, relocation, reconstruction and commissioning EPC, included in remaining capex; not an extra equity deduction.
Other · Active- Counterparties
- GR Engineering Services
- Applies to
- Sorby Hills Silver-Lead Project · Silver · Lead
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- contract_aud: 109,000,000
How it affects our valuation
No valuation treatment is available for this arrangement.
Binding commercial HOA; definitive annexures pending; mining rates included in the source cash schedule, execution risk retained.
Other · Active- Counterparties
- REGROUP Australia Pty Ltd
- Applies to
- Sorby Hills Silver-Lead Project · Silver · Lead
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- first_mining: no later than March2027
definitive_contract: December2026quarter
How it affects our valuation
No valuation treatment is available for this arrangement.
Diesel supply and storage included in capital and operating costs, with no duplicate gross contract charge.
Strategic Partnership · Active- Counterparties
- CGL Fuel Pty Ltd / Cambridge Gulf
- Applies to
- Sorby Hills Silver-Lead Project
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- term_years: 6
How it affects our valuation
No valuation treatment is available for this arrangement.
Port access and stevedoring agreement; logistics costs in the DCF.
Tolling Or Processing · Active- Counterparties
- Cambridge Gulf
- Applies to
- Sorby Hills Silver-Lead Project · Silver · Lead
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- term_years: 10
How it affects our valuation
No valuation treatment is available for this arrangement.
Burden only if the project is developed; no base project cash flow or value; the consequence is a stage gate until terms and plan are updated.
Royalty · Active- Counterparties
- Vendor royalty holder (not named in current note)
- Applies to
- Manbarrum Project · Zinc · Lead · Silver
- Economic direction
- Burden
- Period
- Dates not stated
- Key terms
- nsr_pct: 1.25
buyback: market value following PFS
How it affects our valuation
No valuation treatment is available for this arrangement.
51% JV interest except 100% EL31354; no separate funding carry claimed; both valued at zero.
Joint Venture · Active- Counterparties
- JV partner (not identified in current note)
- Applies to
- Borroloola West · Lead · Zinc
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- interest_pct: 51
How it affects our valuation
No valuation treatment is available for this arrangement.
Intrinsic value
Valuation
Valuation
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Sign in or enter a guest codeResource-price transmission
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Sensitivity lab
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Sign in or enter a guest codePeople, delivery and responsibility
Management background checks
The disclosed team has capital-raising, construction, technical and governance experience. Sorby Hills construction has commenced, but production is not yet demonstrated. The evidence also includes historic community opposition at Groote and a disputed claim involving Dorling’s former board employer; neither establishes individual wrongdoing. Confidence is low because independent credentials, complete tenure and several legal and project outcomes remain unresolved. Detailed checks of regulator and court databases by person and topic remain incomplete.
Decision-relevant facts
Material summary
Simon Noon
Managing Director & CEO
Company SuccessIssuer Reported · Medium materiality
Sorby Hills advanced through studies, approvals and financing
Boab reports that under Noon’s leadership Sorby Hills progressed through studies, approvals, financing and a December 2025 final investment decision. Its FY2026 annual report says construction began in March 2026; production remained a target for 2027, not a delivered operating result. The A$236 million loan reached contractual close but its drawdown remained subject to conditions.
Individual involvement documented · The issuer directly attributes project advancement and financing to the Managing Director; reported project progress is not equivalent to operating production.
Directors and Management · Simon Noon biography; project advancement paragraph
Boab Metals Half-Year Report 2026 · Directors’ report / review of operations, FID and funding
Annual Report 2026 · Managing Director’s letter, pp. 5–8; funding and construction
Role FitAnalyst Inference · Medium materiality
Relevant public-company and project-development experience disclosed; operating delivery remains prospective
Issuer biographies describe Noon’s earlier Groote Resources leadership, West Rock co-founding and nearly 13 years on Boab’s board by the 2026 half-year report. The issuer attributes Sorby Hills resource expansion, studies, approvals, offtake and financing to his leadership. This is relevant development and capital-markets experience; Sorby Hills had entered construction in March 2026, while commercial production remained future, so the track record does not yet demonstrate an operating mine delivered by Boab. The biography’s claim of Groote market-cap growth is issuer-reported and lacks independent performance attribution in the material reviewed.
Responsibility not applicable · This is a role-fit judgment based on issuer biographies and a dated corporate report; market capitalisation is a company outcome, not proof of individual causation.
Boab Metals Annual Report 2022 · Directors’ report, Simon Noon biography, p. 19
Directors and Management · Simon Noon biography; Sorby Hills progress since 2018
Boab Metals Half-Year Report 2026 · Directors’ report, pp. 3–5; funding, FID and early works
Annual Report 2026 · Managing Director’s letter, pp. 5–8; construction status
EnvironmentDocumented · Medium materiality
Groote seabed proposal faced traditional-owner opposition
In October 2010, Groote executive director Noon said the company wanted to engage the Anindilyakwa Land Council and obtain traditional-owner support before activity. ABC subsequently reported traditional owners opposed the company’s proposed seabed manganese exploration over cultural and environmental concerns. Noon left the board in February 2011; the company gave no reason. In 2013, after his departure, ABC reported a moratorium and continuing local opposition, while Northern Manganese said another community supported its applications. No personal misconduct or personal causation is established.
Role overlaps event; causation unproven · Noon was a Groote executive at the time of its proposal and made the cited consultation statement; the later moratorium and continuing debate post-date his departure.
Exploration and Traditional Owner Consultation · p. 2, Traditional Owner Consultation
Traditional owners fight sacred area exploration · Traditional owners’ opposition and sought response
Groote down on board exodus · Board departure and absence of reason
Traditional owners stand ground on seabed mining · Moratorium and company response after Noon departure
Evidence gaps · 4
- Open-web adverse searches are scoped and not exhaustive; regulator, court, sanctions and criminal-record databases were not comprehensively searched.
- The public-record date for his initial CEO appointment is not resolved: annual reports confirm director appointment on 19 October 2013, while one secondary profile displays CEO/MD from August 2013; the role-title start was left null.
- A comprehensive record of the Groote proposal’s consultation and approval outcomes during Noon’s tenure was not established.
- Historical search logs from the prior companion could not be independently verified; this refresh records only the searches and source reviews actually performed. Targeted regulator/court database searches by topic remain incomplete.
Jerry Monzu
Company Secretary
Role FitAnalyst Inference · Medium materiality
Governance and finance experience is disclosed, with limited dated chronology
Issuer reports more than 30 years in governance, finance and accounting, service as company secretary/CFO/director, and senior roles in multinational mining/oil-and-gas companies. Older listed-company material identifies Woodside and Normandy Mining and says he graduated with a Bachelor of Business (Accounting and Finance) from Curtin University, is a CPA Australia member and Chartered Secretaries Australia member. Specific job dates and independent credential-register checks were not found.
Responsibility not applicable · The sources establish disclosed experience and qualifications, but not exact individual performance at prior employers.
Directors and Management · Jerry Monzu biography
Boab Metals Annual Report 2025 · Directors’ report, Jerry Monzu biography, p. 18
Balamara Resources Annual Report 2012 · p. 20, secretary biography; Woodside, Normandy, Curtin qualification
Sunbird Energy Financial Report 2012 · Directors’ report, company-secretary biography; North West Shelf Venture role
Evidence gaps · 6
- Open-web adverse searches are scoped and not exhaustive; regulator, court, sanctions and criminal-record databases were not comprehensively searched.
- Prior employers are named in company filings but job titles, exact service periods and any individual accountability for company outcomes are not established.
- Issuer sources conflict on whether the Curtin degree is Bachelor of Business or Bachelor of Commerce; independent award verification was unavailable.
- The original ASX announcement for Monzu’s 30 September 2026 Zinc of Ireland company-secretary resignation was not located; a dated secondary report is cited.
- Dates and individual accountability for the North West Shelf Venture, Woodside and Normandy roles are not established in the reviewed biographies.
- Historical search logs from the prior companion could not be independently verified; this refresh records only the searches and source reviews actually performed. Targeted regulator/court database searches by topic remain incomplete.
Russell Taylor
Project Director
Role FitAnalyst Inference · Medium materiality
Project execution experience and engineering qualification align with Sorby Hills remit
Boab’s 12 September 2025 appointment release describes Taylor as having 28+ years in large-scale mine development and operations, with leadership roles at BHP, Peabody, Mineral Resources, Downer Mining and Thiess. It reports a Curtin master’s degree in engineering science (Mine Planning and Design) and AICD course graduation, and assigns him responsibility for Sorby Hills delivery through commercial production. This supports a strong role match, but the source does not establish his exact prior project chronology or outcomes; the short tenure is not evidence that Sorby Hills has been delivered.
Individual involvement documented · The appointment release expressly states his remit and qualifications; no specific Sorby delivery outcome is attributed to him.
Appointment of Project Director for Sorby Hills Silver-Lead-Zinc Project · Appointment announcement; experience, qualifications and project remit
Boab Metals Half-Year Report 2026 · Directors’ report, p. 4; appointment and remit
GovernanceIssuer Reported · Medium materiality
Aspire performance-rights award was not approved
Aspire reported that two million performance rights issued to Taylor on his 2024 executive appointment were subject to shareholder approval, which was not obtained at the May 2025 AGM, and were forfeited. It reported his resignation on 2 September 2025 and forfeiture of a further 500,000 existing rights. Aspire’s June release described a transition towards an in-country execution team. These facts do not establish wrongdoing by Taylor.
Individual involvement documented · The issuer specifically names Taylor in its award and resignation disclosures; the record does not establish personal misconduct.
Aspire Mining Annual Financial Report 2025 · note 30, p. 53, share-based payments
Executive Management Changes · p. 1, executive transition and rationale
Evidence gaps · 4
- Open-web adverse searches are scoped and not exhaustive; regulator, court, sanctions and criminal-record databases were not comprehensively searched.
- The 2025 appointment release provides Taylor’s engineering master’s degree and AICD course, but exact prior employer dates, project names and role-specific outcomes remain unavailable.
- Most prior employer assignments, site-level responsibility and dates remain unavailable, limiting historic safety and environmental assessment.
- Historical search logs from the prior companion could not be independently verified; this refresh records only the searches and source reviews actually performed. Targeted regulator/court database searches by topic remain incomplete.
Simon L. Dorling
Exploration Manager
Role FitAnalyst Inference · Medium materiality
Economic-geology qualifications and exploration experience fit the role
Boab states Dorling graduated with an MSc in Geology from the University of Bonn in 1991 and earned a PhD in Economic Geology from the University of Western Australia in 1995. It describes more than three decades in exploration and resource evaluation, with most of his career at a Perth geological consultancy and expertise in sediment-hosted base/precious-metal systems and structural geology. A 2014 Regal filing names him as an exploration-results Competent Person and identifies his work with CSA Global, while a different person accepted responsibility for the mineral-resource estimate. A Boab release separately identifies him as Competent Person for exploration results. These sources support technical relevance but leave most employer chronology and independent credential verification incomplete.
Responsibility not applicable · The issuer bio and technical filings identify his qualifications and professional technical responsibilities; no independently verified career timeline was located.
Directors and Management · Simon Dorling biography; education and technical specialisms
Amended Drilling Announcement · Compliance Statement; Competent Person qualifications, membership and consent
Kalongwe Maiden Resource Estimate · pp. 9 and 27, Competent Person responsibilities and CSA role
LegalDisputed · Medium materiality
Former employer faced contested Eucalyptus royalty claim
In June 2016 Regal disclosed that Eucalyptus Gold Mines sued it over alleged contractual, reporting and security-bond failures connected to a mining lease. Regal said it intended to defend the claim. Contemporary press identified Dorling among Regal’s directors. The later 2017 annual report confirms he left the board in November 2016, but the outcome of the Eucalyptus proceeding was not located. The sources reviewed do not establish that Dorling was personally liable or even a named defendant.
Role overlaps event; causation unproven · Dorling was on Regal’s board when the company claim was disclosed; the company disclosure names Regal as defendant and does not assert personal fault by Dorling.
Eucalyptus Gold Mines Claim Update · p. 1, claim and defence
Prospector takes on Regal over IPO · 2016 report, company directors and dispute
Nzuri Copper Annual Report 2017 · Directors report, resignation
Evidence gaps · 4
- Open-web adverse searches are scoped and not exhaustive; regulator, court, sanctions and criminal-record databases were not comprehensively searched.
- A 2014 Regal disclosure identifies CSA Global as an employer, but most prior consulting clients and exact employment dates remain unverified.
- The outcome of the Eucalyptus Gold Mines v Regal proceeding and any personal party status were not established from the available company disclosures or a broad web search.
- Historical search logs from the prior companion could not be independently verified; this refresh records only the searches and source reviews actually performed. Targeted regulator/court database searches by topic remain incomplete.
Company ownership
Investors & shareholders
Top registered shareholders
Register at 2025-09-15 · 279,228,439 issued shares
| # | Investor / registered holder | % issued shares | Shares held |
|---|---|---|---|
| 1 | 5.67% | 15,842,586 | |
| 2 | 4.84% | 13,514,931 | |
| 3 | 4.00% | 11,157,949 | |
| 4 | 3.44% | 9,599,769 | |
| 5 | 2.98% | 8,333,333 | |
| 6 | 1.68% | 4,680,716 | |
| 7 | 1.65% | 4,615,241 | |
| 8 | 1.57% | 4,388,195 | |
| 9 | 1.26% | 3,520,000 | |
| 10 | 1.05% | 2,933,787 | |
| 11 | 1.00% | 2,800,000 | |
| 12 | 0.99% | 2,769,643 | |
| 13 | 0.82% | 2,300,000 | |
| 14 | 0.81% | 2,250,000 | |
| 15 | 0.79% | 2,209,822 | |
| 16 | 0.73% | 2,032,404 | |
| 17 | 0.72% | 2,002,000 | |
| 18 | 0.71% | 1,996,173 | |
| 19 | 0.64% | 1,773,182 | |
| 20 | 0.56% | 1,562,500 |
Disclosed substantial holders
Latest reviewed disclosure for each holder or reporting group
| Investor / reported group | Disclosed holding | Holding at |
|---|---|---|
| 5.67%Voting power | 2025-09-15 |
Sources & review notesEvidence checked through 2026-10-09
Coverage and limitations
- The latest available top-20 register is dated 15 September 2025. Later ceasing-holder notice(s) are not incorporated because the available filing text did not establish whether the report’s Villiers entry was affected.
- The table marks Villiers and Simon Noon as merged holders. Sojourn appears twice in the issuer list and the two ranks are preserved separately. Nominee accounts do not identify beneficial owners.
Sources
- 2025 Annual Report
Black Mountain Energy Limited / ASX · Published 2025-09-22 · Accessed 2026-10-09
Reports 279,228,439 shares on issue, top 20 accounts and a dated substantial-holder extract.
PDF pages 64-66, Shareholder Information as at 15 September 2025; page 65 Substantial Shareholders; page 66 top twenty
Disclosed activity
Insider transactions
Trading activity8 buys · 0 sells shownNet cash last 12 months A$25.1kShow chartHide chart
On-market buyPlacement / plan subscriptionSaleMarker size = cash valueGrant, exercise, expiry or transferBars: cash bought (up) and sold (down) per month
| Date | Person / account | Activity / security | Quantity | Cash consideration | Price | Holding after |
|---|---|---|---|---|---|---|
| 2026-11-02 | Andrew ParkerTreypark Pty Ltd <Three P Account>
Details & evidence for Andrew Parker on 2026-11-02As disclosed: 750,000 performance rights held by Treypark Pty Ltd <Three P Account> converted into ordinary fully paid shares on 2 November 2026.
director · Start not disclosed Treypark Pty Ltd <Three P Account> · beneficiary of account Application for quotation of securities - BML ↗ Annual Report to shareholders ↗ | Exerciseordinary shares | 750,000 | —Non Cash | — | — |
| 2026-11-02 | Simon NoonSimon Noon <Noon A/C>
Details & evidence for Simon Noon on 2026-11-02As disclosed: 2,000,000 performance rights held by Simon Noon <Noon A/C> converted into ordinary fully paid shares on 2 November 2026.
director · Start not disclosed Simon Noon <Noon A/C> · beneficiary of account Application for quotation of securities - BML ↗ Annual Report to shareholders ↗ | Exerciseordinary shares | 2,000,000 | —Non Cash | — | — |
| 2026-11-02 | Richard Monti
Details & evidence for Richard Monti on 2026-11-02As disclosed: 750,000 performance rights held directly by Richard Monti converted into ordinary fully paid shares on 2 November 2026.
director · Start not disclosed Monti Minerals Pty Ltd · director and beneficial owner of account Greatcity Corporation Pty Ltd <Richard Monti A/C> · controlling interest in account Application for quotation of securities - BML ↗ Annual Report to shareholders ↗ | Exerciseordinary shares | 750,000 | —Non Cash | — | — |
| 2026-11-02 | Gary CombBluedale Pty Ltd <Comb Family Account>
Details & evidence for Gary Comb on 2026-11-02As disclosed: 1,000,000 performance rights held by Bluedale Pty Ltd <The Comb Family A/C> converted into ordinary fully paid shares on 2 November 2026.
director · Start not disclosed Bluedale Pty Ltd <Comb Family Account> · beneficiary of account Bluedale Pty Ltd <Comb Super Fund Account> · beneficiary of account Application for quotation of securities - BML ↗ Annual Report to shareholders ↗ | Exerciseordinary shares | 1,000,000 | —Non Cash | — | — |
| 2026-03-23 | Richard MontiMonti Minerals Pty Ltd
Details & evidence for Richard Monti on 2026-03-23Internal transfer between director-associated accounts; report only the recipient-side account movement. No cash purchase or sale is inferred. As disclosed: Off market transfer of 494,286 ordinary fully paid shares from Mr Richard Monti to Monti Minerals Pty Ltd; stated value/consideration A$195,242.97.
director · Start not disclosed Monti Minerals Pty Ltd · director and beneficial owner of account Greatcity Corporation Pty Ltd <Richard Monti A/C> · controlling interest in account Change of Director's Interest Notice - RM ↗ | Transfer Inordinary shares | 494,286 | —Non Cash | — | — |
| 2026-03-16 | Richard MontiMonti Minerals Pty Ltd
Details & evidence for Richard Monti on 2026-03-16Internal transfer between director-associated accounts; report only the recipient-side account movement. No cash purchase or sale is inferred. As disclosed: Off market transfer of 1,561,586 ordinary fully paid shares from Greatcity Corporation Pty Ltd <Richard Monti A/C> to Monti Minerals Pty Ltd; stated value/consideration A$749,561.09.
director · Start not disclosed Monti Minerals Pty Ltd · director and beneficial owner of account Greatcity Corporation Pty Ltd <Richard Monti A/C> · controlling interest in account Change of Director's Interest Notice - RM ↗ | Transfer Inordinary shares | 1,561,586 | —Non Cash | — | — |
| 2026-02-10 | Simon NoonSimon Noon <Noon A/C>
Details & evidence for Simon Noon on 2026-02-10As disclosed: Conversion of 490,323 Class A MD Performance Rights to ordinary securities on achievement of a milestone.
director · Start not disclosed Simon Noon <Noon A/C> · beneficiary of account Change of Director's Interest Notice - SN ↗ | Exerciseordinary shares | 490,323 | —Non Cash | — | 6,016,736 |
| 2026-02-03 | Simon NoonSimon Noon <Noon A/C>
Details & evidence for Simon Noon on 2026-02-03As disclosed: Conversion of 735,484 Class B MD Performance Rights to ordinary securities on achievement of a milestone.
director · Start not disclosed Simon Noon <Noon A/C> · beneficiary of account Change of Director's Interest Notice - SN ↗ | Exerciseordinary shares | 735,484 | —Non Cash | — | 5,526,413 |
| 2026-02-02 | Andrew ParkerTreypark Pty Ltd <Three P Account>
Details & evidence for Andrew Parker on 2026-02-02As disclosed: Nil consideration; ordinary shares issued on conversion of B class performance rights.
director · Start not disclosed Treypark Pty Ltd <Three P Account> · beneficiary of account Change of Director's Interest Notice - AP ↗ | Exerciseordinary shares | 400,000 | —Non Cash | — | — |
| 2026-02-02 | Simon NoonSimon Noon <Noon A/C>
Details & evidence for Simon Noon on 2026-02-02As disclosed: Nil consideration; ordinary shares issued on conversion of B class performance rights.
director · Start not disclosed Simon Noon <Noon A/C> · beneficiary of account Change of Director's Interest Notice - SN ↗ | Exerciseordinary shares | 2,000,000 | —Non Cash | — | — |
| 2026-02-02 | Richard Monti
Details & evidence for Richard Monti on 2026-02-02As disclosed: Conversion of 400,000 Class B Director Performance Rights to ordinary securities on achievement of a milestone.
director · Start not disclosed Monti Minerals Pty Ltd · director and beneficial owner of account Greatcity Corporation Pty Ltd <Richard Monti A/C> · controlling interest in account Change of Director's Interest Notice - RM ↗ | Exerciseordinary shares | 400,000 | —Non Cash | — | 494,286 |
| 2026-02-02 | Gary CombBluedale Pty Ltd <Comb Family Account>
Details & evidence for Gary Comb on 2026-02-02As disclosed: Conversion of 600,000 Class B Performance Rights to ordinary securities on achievement of a milestone.
director · Start not disclosed Bluedale Pty Ltd <Comb Family Account> · beneficiary of account Bluedale Pty Ltd <Comb Super Fund Account> · beneficiary of account Change of Director's Interest Notice - GC ↗ | Exerciseordinary shares | 600,000 | —Non Cash | — | — |
| 2026-01-14 | Simon NoonSimon Noon <Noon A/C>
Details & evidence for Simon Noon on 2026-01-14As disclosed: 31,339 ordinary shares acquired under the SPP at A$0.40 per share.
director · Start not disclosed Simon Noon <Noon A/C> · beneficiary of account Change of Director's Interest Notice - SN ↗ | Subscriptionordinary shares | 31,339 | AUD 12,535.60 | AUD 0.4Disclosed price | — |
| 2026-01-14 | Gary CombBluedale Pty Ltd <Comb Super Fund Account>
Details & evidence for Gary Comb on 2026-01-14As disclosed: Acquisition of 31,339 ordinary shares under the Share Purchase Plan at A$0.40 per share.
director · Start not disclosed Bluedale Pty Ltd <Comb Family Account> · beneficiary of account Bluedale Pty Ltd <Comb Super Fund Account> · beneficiary of account Change of Director's Interest Notice - GC ↗ | Subscriptionordinary shares | 31,339 | AUD 12,535.60 | AUD 0.4Disclosed price | 518,761 |
| 2025-12-18 | Andrew ParkerTreypark Pty Ltd <Three P Account>
Details & evidence for Andrew Parker on 2025-12-18Rights class and grant quantity are disclosed. Their future vesting/exercise is not treated as an ordinary-share acquisition. As disclosed: Director performance rights issued for nil consideration; subject to vesting conditions.
director · Start not disclosed Treypark Pty Ltd <Three P Account> · beneficiary of account Change of Director's Interest Notice - A. Parker ↗ | GrantB class director performance rights | 1,500,000 | —Non Cash | — | — |
| 2025-12-18 | Simon NoonSimon Noon <Noon A/C>
Details & evidence for Simon Noon on 2025-12-18As disclosed: Issue of 5,225,807 Class MD and Director performance rights with various vesting conditions, approved by shareholders at the AGM held on 25 November 2025.
director · Start not disclosed Simon Noon <Noon A/C> · beneficiary of account Change of Director's Interest Notice - S.Noon ↗ Change of Director's Interest Notice - S.Noon ↗ Notice of Annual General Meeting/Proxy Form ↗ Notice of Annual General Meeting/Proxy Form ↗ Results of Annual General Meeting ↗ Results of Annual General Meeting ↗ Annual Report to shareholders ↗ Annual Report to shareholders ↗ Annual Report to shareholders ↗ Annual Report to shareholders ↗ | GrantMD and Director performance rights (Classes A, B, D, E and F) | 5,225,807 | —Non Cash | — | — |
| 2025-12-18 | Richard Monti
Details & evidence for Richard Monti on 2025-12-18As disclosed: Issue of 1,500,000 Director performance rights with various vesting conditions, approved by shareholders at the AGM held on 25 November 2025.
director · Start not disclosed Monti Minerals Pty Ltd · director and beneficial owner of account Greatcity Corporation Pty Ltd <Richard Monti A/C> · controlling interest in account Change of Director's Interest Notice - R. Monti ↗ Change of Director's Interest Notice - R. Monti ↗ Notice of Annual General Meeting/Proxy Form ↗ Notice of Annual General Meeting/Proxy Form ↗ Results of Annual General Meeting ↗ Results of Annual General Meeting ↗ Annual Report to shareholders ↗ Annual Report to shareholders ↗ | GrantDirector performance rights (Classes D, E and F) | 1,500,000 | —Non Cash | — | — |
| 2025-12-18 | Gary CombBluedale Pty Ltd <Comb Family Account>
Details & evidence for Gary Comb on 2025-12-18Rights class and grant quantity are disclosed. Their future vesting/exercise is not treated as an ordinary-share acquisition. As disclosed: Director performance rights issued for nil consideration; subject to vesting conditions.
director · Start not disclosed Bluedale Pty Ltd <Comb Family Account> · beneficiary of account Bluedale Pty Ltd <Comb Super Fund Account> · beneficiary of account Change of Director's Interest Notice - G. Comb ↗ | GrantB class director performance rights | 2,000,000 | —Non Cash | — | — |
| 2025-06-26 | Simon NoonSimon Noon <Noon A/C>
Details & evidence for Simon Noon on 2025-06-26As disclosed: On-market acquisition of 150,000 ordinary shares for A$22,500.
director · Start not disclosed Simon Noon <Noon A/C> · beneficiary of account Change of Director's Interest Notice - S Noon ↗ | Purchaseordinary shares | 150,000 | AUD 22,500.00 | AUD 0.15Calculated average | 2,759,590 |
| 2024-05-29 | Andrew ParkerTreypark Pty Ltd <Three P Account>
Details & evidence for Andrew Parker on 2024-05-29As disclosed: Issue of ordinary fully paid shares in accordance with participation in the non-renounceable entitlement offer.
director · Start not disclosed Treypark Pty Ltd <Three P Account> · beneficiary of account Change of Director's Interest Notice - A Parker ↗ | Subscriptionordinary shares | 80,181 | AUD 8,018.10 | AUD 0.1Disclosed price | — |
| 2024-05-29 | Simon NoonSimon Noon <Noon A/C>
Details & evidence for Simon Noon on 2024-05-29As disclosed: Issue of 395,393 ordinary shares in Simon Noon <Noon A/C> under the non-renounceable entitlement offer.
director · Start not disclosed Simon Noon <Noon A/C> · beneficiary of account Change of Director's Interest Notice - S Noon ↗ | Subscriptionordinary shares | 395,393 | AUD 39,539.30 | AUD 0.1Disclosed price | 2,609,590 |
| 2024-05-29 | Simon Noon
Details & evidence for Simon Noon on 2024-05-29As disclosed: Issue of 26,394 ordinary shares in the direct holding under the non-renounceable entitlement offer.
director · Start not disclosed Simon Noon <Noon A/C> · beneficiary of account Change of Director's Interest Notice - S Noon ↗ | Subscriptionordinary shares | 26,394 | AUD 2,639.40 | AUD 0.1Disclosed price | 174,197 |
| 2024-05-29 | Richard MontiGreatcity Corporation Pty Ltd <Richard Monti A/C>
Details & evidence for Richard Monti on 2024-05-29As disclosed: Issue of ordinary fully paid shares in accordance with participation in the non-renounceable entitlement offer.
director · Start not disclosed Monti Minerals Pty Ltd · director and beneficial owner of account Greatcity Corporation Pty Ltd <Richard Monti A/C> · controlling interest in account Change of Director's Interest Notice - R Monti ↗ | Subscriptionordinary shares | 250,890 | AUD 25,089.00 | AUD 0.1Disclosed price | — |
| 2024-05-29 | Gary CombBluedale Pty Ltd <Comb Family Account>
Details & evidence for Gary Comb on 2024-05-29As disclosed: Issue of ordinary fully paid shares in accordance with participation in the non-renounceable entitlement offer.
director · Start not disclosed Bluedale Pty Ltd <Comb Family Account> · beneficiary of account Bluedale Pty Ltd <Comb Super Fund Account> · beneficiary of account Change of Director's Interest Notice - G Comb ↗ | Subscriptionordinary shares | 121,472 | AUD 12,147.20 | AUD 0.1Disclosed price | — |
| 2023-01-24 | Andrew ParkerTreypark Pty Ltd <Three P Account>
Details & evidence for Andrew Parker on 2023-01-24As disclosed: Nil – ordinary shares issued on conversion of “A” class director performance rights.
director · Start not disclosed Treypark Pty Ltd <Three P Account> · beneficiary of account Change of Director's Interest Notice - A Parker ↗ | Exerciseordinary shares | 80,000 | —Non Cash | — | — |
| 2023-01-24 | Simon NoonSimon Noon <Noon A/C>
Details & evidence for Simon Noon on 2023-01-24As disclosed: Nil – ordinary shares issued on conversion of “A” class director performance rights.
director · Start not disclosed Simon Noon <Noon A/C> · beneficiary of account Change of Director's Interest Notice - S Noon ↗ | Exerciseordinary shares | 480,000 | —Non Cash | — | — |
| 2023-01-24 | Richard MontiGreatcity Corporation Pty Ltd <Richard Monti A/C>
Details & evidence for Richard Monti on 2023-01-24As disclosed: Nil – ordinary shares issued on conversion of “A” class director performance rights.
director · Start not disclosed Monti Minerals Pty Ltd · director and beneficial owner of account Greatcity Corporation Pty Ltd <Richard Monti A/C> · controlling interest in account Change of Director's Interest Notice - R Monti ↗ | Exerciseordinary shares | 80,000 | —Non Cash | — | — |
| 2023-01-24 | Gary CombBluedale Pty Ltd <Comb Family Account>
Details & evidence for Gary Comb on 2023-01-24As disclosed: Nil – ordinary shares issued on conversion of “A” class director performance rights.
director · Start not disclosed Bluedale Pty Ltd <Comb Family Account> · beneficiary of account Bluedale Pty Ltd <Comb Super Fund Account> · beneficiary of account Change of Director's Interest Notice - G Comb ↗ | Exerciseordinary shares | 120,000 | —Non Cash | — | — |
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Sign in or enter a guest codeChronological evidenceSource-document inventory23 documents
BML local raw ASX closing priceMarket Data · MediumExtracted
python -m miners.reference_price BML --valuation-date 2026-10-30: raw close AUD0.29, volume1997147, date2026-10-30, market data provider via miners.collect_stock_prices; one ASX BML ordinary share. Source DB data/asx_mining_companies.db; zero freshness days.
- Document ID
- reference-price
- Published UTC
- 2026-10-30T00:00:00Z
- Projects
- —
- Commodities
- —
BML local price, FX, commodity and peer snapshotMarket Data · MediumExtracted
python -m miners.v8db.market_snapshot BML --cutoff 2026-10-30 --shares 578608493 --commodities Ag,Pb. Price0.29; range0.29-0.705; returns1m-25.64%,3m-29.27%,12m-19.44%,3y152.17%; relative mining index-15.49,-24.77,-28.30,+111.69 percentage points;20d ADV AUD608898. Ag futures52.191 USD/oz29Oct,1y69.0115,3y43.8946,5y35.3538; AUD perUSD1.4407. Pb unavailable; peer query initially empty because subject unpublished.
- Document ID
- market-snapshot
- Published UTC
- 2026-10-30T00:00:00Z
- Projects
- —
- Commodities
- —
Published silver peer database screenMarket Data · MediumExtracted
Read-only data/miners_v8.db query companies/stock_daily/company_values. ILT Ag resource-stage: latest computed9Oct2026 marketcap30693886.3 EV23178886.3 resource163800000oz silver-equivalent; cash7515000 June,shares79724380 September10. S32 diversified producer latest14Oct2026 marketcap21250898870.52; EV/resource unavailable. Stale/mixed dates and metal-equivalent definition explicitly limit comparison. Subject excluded.
- Document ID
- peer-database
- Published UTC
- 2026-10-30T00:00:00Z
- Projects
- —
- Commodities
- —
2026 Annual Report to ShareholdersFinancing · HighPartial
Primary release reviewed through prepared physical pages listed in evidence sidecar. Latest eligible annual narrative/resource statement; financial statements are the separately reviewed 30 September statutory release.
- Document ID
- report26
- Published UTC
- 2026-10-29T00:00:00Z
- Projects
- sorby_hills
- Commodities
- silver · lead
LME lead prices and stock, 29 October 2026Commodity Data · MediumExtracted
Official LME lead cash bid1877/offer1878 USD/t;3month1907/1909,Dec27 2008/2013,Dec28 2095/2100,Dec29 2155/2160;openingstock312675t/live244350/cancelled67175. Observations valid29October2026, not price forecast.
- Document ID
- lme-lead
- Published UTC
- 2026-10-29T00:00:00Z
- Projects
- —
- Commodities
- —
September 2026 quarterly activities and Appendix 5BResults · HighPartial
Primary release reviewed through prepared physical pages listed in evidence sidecar. Latest cash balance A$29.923m and development spending; debt CP, FX contracts, drilling and mining contract timeline.
- Document ID
- quartersep26
- Published UTC
- 2026-10-27T00:00:00Z
- Projects
- sorby_hills
- Commodities
- silver · lead
ILZSG October 2026 lead outlook translated by JOGMECCommodity Data · MediumExtracted
Government primary research summary of ILZSG15-16Oct meeting and19Octrelease:2026 surplus90kt,2027surplus163kt; demand13.79Mt/13.92Mt. Recycling and battery replacement support use while vehicle/lead substitution limits growth.
- Document ID
- lead-market
- Published UTC
- 2026-10-22T00:00:00Z
- Projects
- —
- Commodities
- —
BML management background screeningOther · MediumExtracted
Read management/BML/summary.md and background-check.json. Issuer-reported roles for Noon, Monzu, Taylor, Dorling; independent credential chronology and attributable operating outcomes incomplete. Cross-checked against annual26 and report26. Generic cross-company wording in local overview is not adopted.
- Document ID
- management-product
- Published UTC
- 2026-10-09T00:00:00Z
- Projects
- —
- Commodities
- —
BML investor snapshot reviewed for conflictsOther · MediumExtracted
Read ownership/BML/investors.json. Incorrect company_name Black Mountain Energy and stale September2025 register. Rejected identity label; Boab identity confirmed by ABN43 107159713 annual26. Superseded the register with annual26 September2026 disclosures; no beneficial ownership inferred from custodians.
- Document ID
- ownership-product
- Published UTC
- 2026-10-09T00:00:00Z
- Projects
- —
- Commodities
- —
BML director and holder transaction databaseOther · MediumExtracted
python -m miners.insider_transactions show BML. Coverage partial reviewed through9Oct2026; Monti March transfers494286 and1561586 within associated accounts, Noon Jan SPP31339shares at0.40, February conversions not market purchases. Cross-check annual26 director holdings and performance-right conversions; discrepancy annual wording market vs filing subscription preserved.
- Document ID
- insider-product
- Published UTC
- 2026-10-09T00:00:00Z
- Projects
- —
- Commodities
- —
Full Year Statutory AccountsResults · HighPartial
Primary release reviewed through prepared physical pages listed in evidence sidecar. Audited FY2026 and FY2025 comparatives; financing, debt, leases, tax, deferred consideration, subsidiary and shareholder notes.
- Document ID
- annual26
- Published UTC
- 2026-09-30T07:20:40.000Z
- Projects
- sorby_hills
- Commodities
- silver · lead
Corporate PresentationResults · HighPartial
Physical page 5 reviewed through the prepared cache and visually: rounded 31 August 2026 cash 49m. 'Debt outstanding nil' is headline construction-debt wording, superseded for accounting debt by audited capitalised fee debt of 6.774958m. Only page 5 used; publication is not the cash date.
- Document ID
- presentation26
- Published UTC
- 2026-09-29T06:41:16+00:00
- Projects
- sorby_hills
- Commodities
- silver · lead
Sorby Hills Project Delivery PlanStudy · HighPartial
Primary release reviewed through prepared physical pages listed in evidence sidecar. Current full production target and separate reserve-only ERM case; annual schedule and cost/royalty/closure terms. Source has inconsistent first production dates and obsolete passages in the appended reserve report; issuer main-body current statements prevail.
- Document ID
- delivery26
- Published UTC
- 2026-09-29T00:00:00Z
- Projects
- sorby_hills
- Commodities
- silver · lead
Investigator Silver 2026 annual report peer baselineOther · MediumExtracted
Issuer primary annual report: Paris 57 Moz resource, 24 Mt at 73 g/t Ag, 33 Moz reserve; cash 58,759,734 in June 2026; ordinary shares 2,622,857,752 as at 19 August 2026; no interest-bearing borrowings, leases approximately 0.3m. Local daily price on 30 October 0.039. Approximate market cap 102,291,452.328, EV 43,531,718.328 before leases; outdated cash/share basis, not live EV. DFS stage, unfunded. The annual contains a future 2027-dated cross-reference; that claim is excluded.
- Document ID
- ivr-peer
- Published UTC
- 2026-09-16T00:00:00Z
- Projects
- —
- Commodities
- —
Silver Mines June 2026 quarterly and July DFS peerOther · MediumExtracted
Issuer release 31 July 2026: Bowdens reserve 47.9 Mt at 60.8 g/t Ag, 93.5 Moz; Stage 1 29.9 Mt, 65.4 Moz, 16.75 years, 2 Mtpa, headline 3.8 Mozpa, Stage 1 capex 455m, AISC US$20.53/oz, post-tax NPV5 626m. Local 30 October close 0.125; current capitalisation/EV are null because the September raise and royalty considerations could not be reconciled from an accessible primary table.
- Document ID
- svl-peer
- Published UTC
- 2026-07-31T00:00:00Z
- Projects
- —
- Commodities
- —
Quarterly Activities/Appendix 5B Cash Flow ReportResults · HighPartial
Primary release reviewed through prepared physical pages listed in evidence sidecar. Prior construction delivery commitments and preliminary cash differs from subsequent audited cash.
- Document ID
- quarterjun26
- Published UTC
- 2026-07-29T23:58:34Z
- Projects
- sorby_hills
- Commodities
- silver · lead
Quarterly Activities/Appendix 5B Cash Flow ReportResults · HighPartial
Primary release reviewed through prepared physical pages listed in evidence sidecar. Prior quarterly funding and cash bridge.
- Document ID
- quartermar26
- Published UTC
- 2026-04-29T23:32:46Z
- Projects
- sorby_hills
- Commodities
- silver · lead
Silver Institute April 2026 annual survey releaseCommodity Data · MediumExtracted
Primary annual survey release: fifth2025 shortfall40.3Moz, expected2026 deficit46.3Moz; inventory migration and investment squeeze versus industrial thrifting/substitution. Forecast not guaranteed price floor. Latest February outlook superseded for deficit magnitude.
- Document ID
- silver-market
- Published UTC
- 2026-04-15T00:00:00Z
- Projects
- —
- Commodities
- —
Quarterly Activities and Appendix 5B Cash flow ReportResults · HighPartial
Primary release reviewed through prepared physical pages listed in evidence sidecar. Appendix 5B cash history and capital activity.
- Document ID
- quarterdec25
- Published UTC
- 2026-01-27T22:51:38Z
- Projects
- sorby_hills
- Commodities
- silver · lead
Sorby Hills Fully Funded to ProductionFinancing · HighPartial
Primary release reviewed through prepared physical pages listed in evidence sidecar. Trafigura US$30m prepayment no longer required; offtake reduced to 50%, minimum354kt.
- Document ID
- funding25
- Published UTC
- 2025-12-14T22:45:13.000Z
- Projects
- sorby_hills
- Commodities
- silver · lead
2025 Annual ReportFinancing · HighPartial
Primary release reviewed through prepared physical pages listed in evidence sidecar. Prior audited annual baseline; history, management and earlier register; newer 2026 evidence prevails.
- Document ID
- annual25
- Published UTC
- 2025-09-22T07:55:47.000Z
- Projects
- sorby_hills
- Commodities
- silver · lead
Euroz Hartleys December 2024 project updateOther · MediumExtracted
Accessible outside challenge: Speculative Buy, 55c target, 50c NAV, 91c spot NAV using 241m diluted shares and old US$25 silver/0.73 FX; exploratory value 40m and old financing. Historic external opinion, not current consensus or an anchor; 75% of concentrate and US$30m prepayment superseded by funding25.
- Document ID
- euroz24
- Published UTC
- 2024-12-20T00:00:00Z
- Projects
- —
- Commodities
- —
Sorby Hills FEED Study ResultsStudy · HighPartial
Primary release reviewed through prepared physical pages listed in evidence sidecar. Superseded technical/economic benchmark; no current value derived from historic headline NPV.
- Document ID
- feed24
- Published UTC
- 2024-06-05T23:18:31Z
- Projects
- sorby_hills
- Commodities
- silver · lead
Evidence facts110
60862295 AUD
2026-06-306774958 AUD
2026-06-301910802 AUD
2026-06-30121373864 AUD
2026-06-302236549 AUD
2026-06-30-7221561 AUD
2026-06-30-1612325 AUD
2026-06-3028980658 AUD
2026-06-30578608493 shares
2026-06-307528528 AUD
2025-06-300 AUD
2025-06-3035073 AUD
2025-06-3015789856 AUD
2025-06-30174312 AUD
2025-06-30-3840535 AUD
2025-06-30-3830056 AUD
2025-06-30513239 AUD
2025-06-30279228439 shares
2025-06-30578608493 shares
2026-09-15592308493 shares
2026-09-30100 %
2026-09-30AU text
2026-09-30zinc text
2026-09-3051 %
2026-09-30AU text
2026-09-30lead text
2026-09-30100 %
2026-09-30CO text
2026-09-30gold text
2026-09-30100 %
2026-09-30AU text
2026-09-30100 %
2026-09-30AU text
2026-09-30silver text
2026-09-30Ivanhoe Village Resort operating tourism accommodation and workforce overflow text
2026-06-305072585 AUD
2026-05-20100 %
2026-09-29silver text
2026-09-29AU text
2026-09-29Project Delivery Plan — main22Mt pre-tax case text
2026-09-292026-09-29 date
2026-09-29261500000 AUD
2026-09-2997 %
2026-09-298 %
2026-09-2910.5 years
2026-09-298.7 USD/oz
2026-09-292100000 oz/yr
2026-09-29Primary approvals granted text
2026-09-292027-09-30 date
2026-09-29Open pit text
2026-09-292026-09-29 date
2026-09-2968 USD/oz
2026-09-29330000000 AUD
2026-09-2950600000.0 t
2026-09-2934 g/t
2026-09-2954660000 oz
2026-09-2950600000.0 t
2026-09-293.0 %
2026-09-291500000 t
2026-09-2913100000.0 t
2026-09-2942 g/t
2026-09-2917562000 oz
2026-09-2913100000.0 t
2026-09-293.4 %
2026-09-29450000 t
2026-09-2912700000.0 t
2026-09-2931 g/t
2026-09-2912783000 oz
2026-09-2912700000.0 t
2026-09-293.2 %
2026-09-29405000 t
2026-09-2924900000.0 t
2026-09-2930 g/t
2026-09-2924315000 oz
2026-09-2924900000.0 t
2026-09-292.6 %
2026-09-29645000 t
2026-09-2918300000.0 t
2026-09-2937.3 g/t
2026-09-2922000000 oz
2026-09-2918300000.0 t
2026-09-293.2 %
2026-09-29581500 t
2026-09-2911600000.0 t
2026-09-2940.9 g/t
2026-09-2915200000 oz
2026-09-2911600000.0 t
2026-09-293.3 %
2026-09-29377700 t
2026-09-296700000.0 t
2026-09-2931.3 g/t
2026-09-296700000 oz
2026-09-296700000.0 t
2026-09-293.0 %
2026-09-29203700 t
2026-09-29205200000 AUD
2026-08-312250000 tpa
2026-09-29Silver-lead concentrate text
2026-09-29Captive Sorby Hills ore text
2026-09-2950 %
2026-09-29Relocation and reconstruction text
2026-09-2929923000 AUD
2026-09-3030892000 AUD
2026-09-30-1679000 AUD
2026-09-3029213000 AUD
2026-09-300 AUD
2026-09-300 AUD
2026-09-30100 %
2026-09-30AU text
2026-09-30silver text
2026-09-30Conflicts requiring judgment3
- June cash preliminary versus audited
Audited cash60862295 supersedes quarterly preliminary60.2m; subsequent September opening60862000 confirms audited figure at Appendix5B rounding.
- first production timeline
Latest narrative Q3 2027 controls catalyst timing; rounded issuer CY cash schedule has zero processing in2027 and is retained as a financial approximation with no unsupported pilot sales.
- local investor product company name
Incorrect Black Mountain Energy label rejected; ABN and ASX identity are Boab Metals. September2026 primary register supersedes old product.