BOA acquires WA copper deposits in Neds Creek expansion

• BOA acquiring Thaduna and Green Dragon deposits in WA’s Murchison region to add 121,000t contained copper resource
• Deal to acquire Core Value Australia (CVA) also gives company full control of the Neds Creek project
• Company to kick off drilling at Ricci Lee and Rooneys targets at Neds Creek in July
• Sandfire Resources takes a 6.2% stake in BOA via the deal

Special Report by Stockhead: BOA Resources is set to absorb the Thaduna and Green Dragon copper deposits into its Neds Creek project, adding a 121,000t contained copper resource while consolidating ownership of the broader project.

Thaduna and Green Dragon are both located on granted mining leases and collectively host a JORC resource of 5.3Mt at 2.3% copper for 121,000t of contained metal.

Acquiring these deposits will advance BOA Resources’ (ASX:BOA) strategy to build an extensive copper-focused portfolio in Western Australia’s Murchison region.

On completion, the deal will leave Sandfire Resources (ASX:SFR) with a 6.2% stake in BOA and give the company full ownership of the Neds Creek project.

It also expands BOA’s exploration footprint to include several drill-ready copper exploration targets within its 1378.6km2 tenement holding.

CVA principal and experienced geologist Adrian Griffin will join the company as a non-executive director.

BOA tenements on completion of transaction.

Managing director Cath Norman described the deal as transformational, saying it would significantly strengthen BOA’s copper portfolio.

“Thaduna and Green Dragon bring resources with 121,000 tonnes of contained copper that materially strengthens our copper portfolio, at the same time as BOA is advancing heritage surveys and drill preparations across Ricci Lee, Rooneys and other priority prospects at Neds Creek, with drilling targeted to commence late July,” she added.

“Ricci Lee remains our first priority for resource definition drilling. It is located close to Thaduna, sits in the same geological setting and has already returned multiple ore-grade copper intercepts from historical drilling.

“The combination of Thaduna and Green Dragon, together with a fully funded drilling program across high-priority Neds Creek targets, means BOA has the potential to build a meaningful copper business in one of Western Australia’s proven mining regions.”

Neds Creek project

BOA first acquired its stake in the Neds Creek project through the acquisition of a 49% stake in CVA subsidiary Stanifer in late 2025.

The latest deal gives BOA the remaining 51% interest while bringing the Thaduna and Green Dragon deposits into a single regional copper play.

This materially strengthens the project by adding advanced JORC 2012 compliant resources, a basis for resource growth and potential future development, and creating a larger, more coherent regional exploration footprint.

The company plans to review and integrate the extensive historical exploration database for Thaduna and Green Dragon, including drilling, geochemistry and geophysics data, into its existing database.

The work will assess opportunities to expand resources, identify extensions to known mineralisation, test nearby satellite targets and integrate the deposits into BOA’s broader Neds Creek strategy.

BOA will also complete heritage surveys and start the fully-funded drill program that will initially focus on the Ricci Lee and Rooneys targets.