BOA enters Murchison Copper Belt as exploration ramps up at Neds Creek

BOA Resources Ltd (ASX:BOA) completed its entry into Western Australia’s Murchison Copper Belt during the December 2025 quarter, acquiring a 49% interest in the Neds Creek copper project, which comprises 13 exploration licences covering about 1,140km².

Proactive Investors reports the project sits within a proven copper province that hosts existing resources and historical mining operations and is considered underexplored relative to its geological potential. BOA has identified multiple copper targets at Neds Creek, including the advanced Ricci Lee prospect, located 2km southwest of the Thaduna Copper Deposit, which hosts 5.5Mt at 2.2% copper. Ricci Lee extends over about 500 metres  and has returned ore-grade copper intercepts, with the company planning to prioritise the prospect for resource definition drilling.

Additional high-priority targets at Rooneys, Limestone Bore and East and northeast Green Dragon were also highlighted, with BOA saying historical drilling has already demonstrated ore-grade copper mineralisation across several prospects.

BOA tenements in Murchison Copper Belt, WA.

Drilling planned as targeting work progresses

Following the acquisition, BOA commenced exploration activities at Neds Creek, including the consolidation of historical geological, geochemical and geophysical datasets. The company is applying machine learning techniques to assist with target generation and ranking ahead of drilling.

Subject to final heritage agreements and completion of heritage surveys, BOA is planning to commence drilling at Neds Creek in the June 2026 quarter, with Ricci Lee and other priority targets expected to be tested during the first half of 2026.

Portfolio focus and funding strengthened

Outside Neds Creek, BOA is preparing to drill the Snowys prospect at its Fraser South tenement in the Fraser Range, following approval of a Program of Work during the quarter. The Snowys target is a highly conductive electromagnetic anomaly considered prospective for nickel-copper-cobalt mineralisation, with drilling planned in the first half of 2026.

The company also continued a portfolio review during the quarter, surrendering several Fraser Range tenements to sharpen its focus on higher-potential assets.

Subsequent to quarter end, BOA completed a $3.75 million capital raising following shareholder approval in January 2026, strengthening its cash position and providing funding for planned exploration programs, particularly at Neds Creek.