BOA Resources builds Murchison copper position with ‘transformational’ Neds Creek deal

BOA Resources Ltd (ASX:BOA) has strengthened its presence in Western Australia’s Murchison region after securing a 49% interest in the 13-tenement Neds Creek Copper Project — a move that gives the company a large foothold in one of the state’s most productive copper belts.

Proactive Investors reports the Neds Creek Copper Project covers 1,140 square kilometres and is positioned near Sandfire Resources’ DeGrussa and Monty copper mines and Thaduna and Green Dragon deposits, the acquisition provides BOA access to multiple advanced and emerging targets ahead of a planned drilling campaign in the first half of 2026.

BOA tenements in Murchison Copper Belt, WA.

Managing director Cath Norman said the transaction “marks a pivotal step in BOA’s strategy to expand its critical minerals portfolio”.

“Neds Creek offers a rare combination of advanced, drill-ready copper targets and significant exploration upside in a district that has delivered some of WA’s most important copper discoveries,” she said. “With resource and exploration drilling planned during the first half of 2026, BOA is well placed to discover Australia’s next copper resource while growing, de-risking and diversifying our exploration portfolio.”

Advanced and emerging copper targets

BOA has outlined a pipeline of prospects ranging from drill-ready opportunities to large, early-stage anomalies, including several with previously reported ore-grade intersections.

BOA copper prospects in the Neds Creek Project.

Ricci Lee, the most advanced target, sits just 2 kilometres southwest of the 119,000-tonne Thaduna Copper Deposit. Extending over 500 metres, it has returned strong copper mineralisation and remains open along strike and at depth. BOA plans to prioritise resource definition drilling here in 2026.

Long section through the Ricci Lee prospect showing copper intercepts.

Enigma represents a broad, shallow copper system spanning roughly 4 by 1.5 kilometres. Historical drilling by Sipa Resources between 2012 and 2014 returned substantial intercepts including:

• 63 metres at 1.1% copper from 90 metres (THD012)
• 29 metres at 1.1% copper from 82 metres (THD013)
• 18 metres at 0.8% copper from 55 metres, including 5 metres at 1.9% copper (THD014)

Additional prospects — including Rooneys, Limestone Bore and East/NE Green Dragon — add further depth to BOA’s emerging copper portfolio.

BOA plans to integrate historical geochemical, geophysical and drill datasets and apply machine-learning-assisted targeting to accelerate prospect ranking and discovery work.

Terms and growth pathway

Under the agreement, BOA acquired its 49% interest in Stanifer from Core Value Australia NL (CVA) in exchange for 17.27 million BOA shares, representing 14% of the company’s issued capital. CVA now holds a 12% stake in BOA.

BOA will also fund the first A$500,000 of exploration, securing an exclusive option to acquire the remaining 51% of Stanifer for an additional 17.27 million shares.

In a parallel move, BOA has entered into an exclusivity letter with CVA, giving it the right to negotiate the purchase of 100% of CVA’s issued capital — a step aimed at further consolidation in the Murchison Copper Belt.

Next steps

Upcoming work programs include finalising heritage agreements, integrating and analysing datasets with SensOre Pty Ltd, and commencing drilling across high-priority targets — led by Ricci Lee — in the first half of 2026.

BOA says the acquisition strengthens its long-term strategy to build a diversified critical minerals portfolio while advancing responsible exploration and community engagement across its WA projects.

BOA’s portfolio of assets following the transaction.