Neds Creek Project

Operator: BOA
Location: Murchison District, Western Australia

Neds Creek Project

BOA Resources Neds Creek Project area includes the Thaduna and Green Dragon copper deposits and additional exploration tenements in the Neds Creek Copper Project.

Thaduna and Green Dragon contain a combined Mineral Resource Estimate of 5.3 Mt @ 2.3% Cu for 121 Kt contained Cu. (See: ASX announcement: BOA Acquires Copper Deposits in the Neds Creek Project WA, 25 June 2026)

The acquisition consolidates and expands BOA’s footprint in the Murchison Copper Belt to cover ~1,378km2 and includes:

– Thaduna and Green Dragon Mining Leases

– 7 Granted Exploration Licences (ASX announcement: Tenements granted at Neds Creek Copper Project, 16 June 2026)

– 5 Granted Prospecting Licences

– 11 Exploration Licence applications

This region hosts multiple significant copper deposits, including Sandfire’s DeGrussa and Monty mines.

BOA now has a commanding footprint in a proven copper district, providing a platform for growth through exploration and discovery.

The Neds Creek Project contains multiple prospects of sediment hosted, structurally controlled epigenetic copper mineralisation at varying exploration stages.

Ricci Lee Prospect

The Ricci Lee Prospect is an advanced, drill-ready copper target hosted in the Thaduna Formation. Bordering the Thaduna Copper Deposit (5.5Mt @ 2.2% Cu for 119Kt Cu and 829koz Ag), Ricci Lee sits 2km SW of Thaduna and extends over 500m in length. Current drilling of the prospect has returned highly encouraging ore-grade Cu intercepts and remains open along strike and at depth.

BOA Resources maiden drilling program undertaken in August-September 2026 drilled 46 RC holes for 7,364m.

Previously sparse historic drilling covered 500m of strike and 180m vertical extent.

BOA drilling tested mineralisation over 640m of strike and up to 220m vertically.

Drilling defined the Main Lode structure and a new parallel Hanging-Wall Lode structure in the north.

High-grade copper was intersected from 28 of 34 RC holes.

Ricci Lee Prospect drilling results

Results to date have significantly improved understanding of copper mineralisation.

Results from Section 7173680N from the southern portion of Ricci Lee show a coherent Main Lode structure.

– 10m at 3.60% Cu, including 6m at 5.57% Cu (26NCRC032)

– 15m at 2.25% Cu from 130m (26NCRC003)

– 12m at 1.58% Cu from 64m, including 3m at 3.38% Cu and 2m at 3.14% Cu (26NCRC004)

– 10m at 2.78% Cu from 208m, including 8m at 3.33% Cu (26NCRC021)

Results from Section 7174000N from the northern portion of Ricci Lee show a coherent Main Lode structure and new parallel Hanging-Wall Lode structure.

– 22m at 3.05% Cu from 250m, including 9m at 6.86% Cu (26NCRC023, Main Lode)

– 10m at 1.81% Cu from 133m, including 3m at 4.96% Cu (26NCRC023, Hanging-Wall Lode)

– 22m at 1.74% Cu from 104m, including 10m at 2.81% Cu (26NCRC013, Main Lode)

– 8m at 1.60% Cu from 87m, including 3m at 3.53% Cu (26NCRC014, Hanging-Wall Lode)

Ricci Lee HW lode main lode + Ricci Lee drill holes + Ricci Lee Southern

Enigma Prospect

The Enigma Prospect is a broad, shallow copper system extending across approximately 4.0km × 1.5km. Originally drilled by Sipa Resources (2012–2014), Enigma has returned high-grade intersections such as:

    • THD012F5: 63m @ 1.1% Cu (from 90m) including:
      • 741ppm Ni (maximum 2,740ppm)
      • 578ppm Co (max. 2,260)
      • 1.7ppm Ag (max. 5.9)
      • 2,133ppm Zn (max. 9,300)
    • THD013F6: 29m @ 1.1% Cu (from 82m), 11m @ 0.2% Cu (from 120m), 8m @ 0.3% Cu (from 135m) and 6m @ 0.4% Cu (from 146m)
    • THD014F6: 18m @ 0.8% Cu (from 55m), including 5m @ 1.9% Cu (from 56m).

Rooneys Prospect

Maiden aircore drilling has extended the interpreted mineralised trend at Rooneys to more than 500m, substantially expanding the target for follow-up RC drilling.

Strong shallow intersections include:

4m at 3.54% Cu from 10m and 16m at 2.47% Cu from 58m (26NCAC0016)

10m at 1.75% Cu from 51m (26NCAC0001)

9m at 1.52% Cu from 28m (26NCAC0004)

Copper intersected in new mineralised structures provides an additional target beyond the main east-west trend.

Results strengthen the potential for additional copper systems across Neds Creek beyond Thaduna, Green Dragon and Ricci Lee.

Mueller, Blockley, Ward, Limestone Bore

Additional high-priority drill targets with ore-grade intersections underline the potential for a new copper province at Neds Creek.

92 holes for 5,722 AC drilling completed at Rooneys, Blockley, Mueller, Limestone Bore and Ward.

Targets identified from historic drilling within Thaduna and Green Dragon structural corridors.

Focus on identifying mineralisation controls – structural orientation and stratigraphic controls.

BOA plans to leverage machine learning-assisted targeting, integrating extensive historical geochemical, drill and geophysical datasets in its exploration to accelerate identification of additional targets, prospect ranking and resource delineation.