# BOA: 2026 Annual Report Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/boa-2026-annual-report--8beae1c4-b4da-43da-907b-294343cd8ae8 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03146704 Publisher: asx Original announcement: 2026-09-30T08:23:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-30T09:24:32.209Z Atlas analysis updated: 2026-09-30T09:24:32.209Z - Company: BOA Resources Limited - Ticker: BOA - Exchange: ASX - Region: Western Australia - Primary commodity: Copper - Secondary commodities: Gold, Nickel, Lithium - Document categories: Drill results, Agreement transaction, Resource update, Other - Extracted: 2026-09-30 09:24:32 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary BOA Resources Limited's 2026 Annual Report highlights a transformative year, marked by a strategic pivot to copper in Western Australia's Murchison region. The company reported "exceptional" high-grade copper drill results from its Ricci Lee prospect and announced a proposed acquisition of Core Value Australia NL, which includes JORC 2012 compliant resources of 5.3 Mt at 2.3% copper \(121 kt contained copper\) from the Thaduna and Green Dragon deposits. Despite a significant financial loss and a material uncertainty regarding its going concern status, the company ended the year with a strong cash position and no debt, positioning it for substantial exploration news flow and resource growth. Reasoning: BOA Resources Limited's annual report details a transformative year with a strategic focus on copper, evidenced by exceptional drill results and a significant proposed acquisition of JORC-compliant resources, despite a reported financial loss and ongoing funding requirements. - Positive factor: Strategic shift to copper - Positive factor: High-grade copper drill results at Ricci Lee - Positive factor: Proposed acquisition of JORC-compliant copper resources - Positive factor: Consolidation of project ownership - Positive factor: Strong cash position - Positive factor: Experienced team appointments - Negative factor: Significant financial loss for the year - Negative factor: Material uncertainty regarding going concern - Negative factor: Impairment and write-off of exploration assets - Negative factor: Reliance on future capital raises Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 18 ## Classification and evidence No classification tags are available. ## Extracted facts Stored fact records: 16. Some facts used in scoring do not have a stored record. ## Drill Results (10) ### Fact 1 [Link to this fact](https://atlas-staging.minestarters.com/news/boa-2026-annual-report--8beae1c4-b4da-43da-907b-294343cd8ae8#fact-drill-facts-0) Ricci Lee · copper Needs review: drill\_no\_hole\_id #### Identity - Project: Ricci Lee - Commodity: copper - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BOA #### Geometry - Grade: 2.49 - Grade Unit: % - Intercept: 14 m #### Classification - Program: exploration - Sample Type: drill #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This intercept shows good grade and width, contributing to the overall positive exploration results for the Ricci Lee prospect. - Positive factor: High-grade copper intercept - Positive factor: Good intercept length - Negative factor: Apparent width only - Negative factor: No QA/QC disclosure Evidence · text > 14 metres at 2.49% copper #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Evidence · text > 14 metres at 2.49% copper **No QA/QC Disclosure** — Rejected; excluded from scoring Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Reason: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Evidence · text > Drilling results announced since year end have provided compelling early validation of that decision. Initial results from Ricci Lee included 14 metres at 2.49% copper, including 7 metres at 4.60%, and 15 metres at 2.25% copper, including 13 metres at 2.55%. ### Fact 2 [Link to this fact](https://atlas-staging.minestarters.com/news/boa-2026-annual-report--8beae1c4-b4da-43da-907b-294343cd8ae8#fact-drill-facts-1) Ricci Lee · copper Needs review: drill\_no\_hole\_id #### Identity - Project: Ricci Lee - Commodity: copper - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BOA #### Geometry - Grade: 4.6 - Grade Unit: % - Intercept: 7 m #### Classification - Program: exploration - Sample Type: drill #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This sub-interval demonstrates very high-grade copper within a broader mineralized zone, significantly enhancing the prospectivity of Ricci Lee. - Positive factor: Exceptional high-grade copper intercept - Positive factor: Confirms high-grade zones within broader interval - Negative factor: Apparent width only - Negative factor: No QA/QC disclosure Evidence · text > including 7 metres at 4.60% #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Bonanza Intercept** — Rejected; excluded from scoring Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Reason: 4.60% Cu is well above the 2.5% exceptional threshold for copper. Evidence · text > including 7 metres at 4.60% **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Evidence · text > including 7 metres at 4.60% **No QA/QC Disclosure** — Rejected; excluded from scoring Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Reason: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Evidence · text > Drilling results announced since year end have provided compelling early validation of that decision. Initial results from Ricci Lee included 14 metres at 2.49% copper, including 7 metres at 4.60%, and 15 metres at 2.25% copper, including 13 metres at 2.55%. ### Fact 3 [Link to this fact](https://atlas-staging.minestarters.com/news/boa-2026-annual-report--8beae1c4-b4da-43da-907b-294343cd8ae8#fact-drill-facts-2) Ricci Lee · copper Needs review: drill\_no\_hole\_id #### Identity - Project: Ricci Lee - Commodity: copper - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BOA #### Geometry - Grade: 2.25 - Grade Unit: % - Intercept: 15 m #### Classification - Program: exploration - Sample Type: drill #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This intercept shows good grade and width, contributing to the overall positive exploration results for the Ricci Lee prospect. - Positive factor: Good grade copper intercept - Positive factor: Good intercept length - Negative factor: Apparent width only - Negative factor: No QA/QC disclosure Evidence · text > 15 metres at 2.25% copper #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Evidence · text > 15 metres at 2.25% copper **No QA/QC Disclosure** — Rejected; excluded from scoring Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Reason: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Evidence · text > Drilling results announced since year end have provided compelling early validation of that decision. Initial results from Ricci Lee included 14 metres at 2.49% copper, including 7 metres at 4.60%, and 15 metres at 2.25% copper, including 13 metres at 2.55%. ### Fact 4 [Link to this fact](https://atlas-staging.minestarters.com/news/boa-2026-annual-report--8beae1c4-b4da-43da-907b-294343cd8ae8#fact-drill-facts-3) Ricci Lee · copper Needs review: drill\_no\_hole\_id #### Identity - Project: Ricci Lee - Commodity: copper - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BOA #### Geometry - Grade: 2.55 - Grade Unit: % - Intercept: 13 m #### Classification - Program: exploration - Sample Type: drill #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This sub-interval demonstrates high-grade copper within a broader mineralized zone, enhancing the prospectivity of Ricci Lee. - Positive factor: High-grade copper intercept - Positive factor: Confirms high-grade zones within broader interval - Negative factor: Apparent width only - Negative factor: No QA/QC disclosure Evidence · text > including 13 metres at 2.55% #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Bonanza Intercept** — Rejected; excluded from scoring Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Reason: 2.55% Cu is just above the 2.5% exceptional threshold for copper. Evidence · text > including 13 metres at 2.55% **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Evidence · text > including 13 metres at 2.55% **No QA/QC Disclosure** — Rejected; excluded from scoring Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Reason: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Evidence · text > Drilling results announced since year end have provided compelling early validation of that decision. Initial results from Ricci Lee included 14 metres at 2.49% copper, including 7 metres at 4.60%, and 15 metres at 2.25% copper, including 13 metres at 2.55%. ### Fact 5 [Link to this fact](https://atlas-staging.minestarters.com/news/boa-2026-annual-report--8beae1c4-b4da-43da-907b-294343cd8ae8#fact-drill-facts-4) Ricci Lee · copper Needs review: drill\_no\_hole\_id #### Identity - Project: Ricci Lee - Commodity: copper - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BOA #### Geometry - Grade: 3.05 - Grade Unit: % - Intercept: 22 m - From: 250 m - To: 272 m - Intercept Depth: 250 m #### Classification - Program: exploration - Sample Type: drill - Group ID: Ricci\_Lee:250-272 #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This exceptional intercept, matching the best historical GT, significantly validates the high-grade potential and continuity of the Ricci Lee system at depth. - Positive factor: Exceptional high-grade copper intercept - Positive factor: Significant intercept length - Positive factor: Matches best grade-thickness product from prior results - Positive factor: Demonstrates continuity at depth - Negative factor: Apparent width only - Negative factor: No QA/QC disclosure Evidence · text > 22 metres at 3.05% Cu from 250m #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Bonanza Intercept** — Rejected; excluded from scoring Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Reason: 3.05% Cu is well above the 2.5% exceptional threshold for copper. Evidence · text > 22 metres at 3.05% Cu from 250m **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Evidence · text > 22 metres at 3.05% Cu from 250m **No QA/QC Disclosure** — Rejected; excluded from scoring Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Reason: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Evidence · text > Subsequently, results from an additional four holes also returned significant copper mineralisation, including 22m at 3.05% Cu from 250m, including 9m at 6.86% Cu and 10m at 1.81% Cu from 133m, including 3m at 4.96% Cu4. **Step-Out Extension** — Rejected; excluded from scoring Polarity: positive Definition: Mineralization extended beyond the previously known limit. Reason: The deeper high-grade zone demonstrates good continuity from an historic hole located 80m to the south. Evidence · text > The deeper high-grade zone proves the presence of bornite mineralisation over a significant width at 220m vertical depth and also demonstrates good continuity from THC035, an historic hole located 80m to the south that intersected 5m at 3.48% Cu from 203m and 10m @ 5.12% from 218m at 190m vertical depth. ### Fact 6 [Link to this fact](https://atlas-staging.minestarters.com/news/boa-2026-annual-report--8beae1c4-b4da-43da-907b-294343cd8ae8#fact-drill-facts-5) Ricci Lee · copper Needs review: drill\_no\_hole\_id #### Identity - Project: Ricci Lee - Commodity: copper - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BOA #### Geometry - Grade: 6.86 - Grade Unit: % - Intercept: 9 m #### Classification - Program: exploration - Sample Type: drill #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This bonanza-grade sub-interval, matching the best historical grade, confirms the presence of extremely high-grade copper within the Ricci Lee system. - Positive factor: Bonanza high-grade copper intercept - Positive factor: Matches best grade from prior results - Positive factor: Confirms very high-grade zones within broader interval - Negative factor: Apparent width only - Negative factor: No QA/QC disclosure Evidence · text > including 9 metres at 6.86% #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Bonanza Intercept** — Rejected; excluded from scoring Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Reason: 6.86% Cu is significantly above the 2.5% exceptional threshold for copper. Evidence · text > including 9 metres at 6.86% **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Evidence · text > including 9 metres at 6.86% **No QA/QC Disclosure** — Rejected; excluded from scoring Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Reason: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Evidence · text > Subsequently, results from an additional four holes also returned significant copper mineralisation, including 22m at 3.05% Cu from 250m, including 9m at 6.86% Cu and 10m at 1.81% Cu from 133m, including 3m at 4.96% Cu4. ### Fact 7 [Link to this fact](https://atlas-staging.minestarters.com/news/boa-2026-annual-report--8beae1c4-b4da-43da-907b-294343cd8ae8#fact-drill-facts-6) Ricci Lee · copper Needs review: drill\_no\_hole\_id #### Identity - Project: Ricci Lee - Commodity: copper - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BOA #### Geometry - Grade: 1.81 - Grade Unit: % - Intercept: 10 m - From: 133 m - To: 143 m - Intercept Depth: 133 m #### Classification - Program: exploration - Sample Type: drill - Group ID: Ricci\_Lee:133-143 #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This intercept is significant for defining a new mineralized zone, expanding the known footprint of the Ricci Lee prospect. - Positive factor: Identifies new hanging-wall lode - Positive factor: Good intercept length - Negative factor: Apparent width only - Negative factor: No QA/QC disclosure Evidence · text > 10 metres at 1.81% Cu from 133m #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Evidence · text > 10 metres at 1.81% Cu from 133m **No QA/QC Disclosure** — Rejected; excluded from scoring Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Reason: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Evidence · text > Subsequently, results from an additional four holes also returned significant copper mineralisation, including 22m at 3.05% Cu from 250m, including 9m at 6.86% Cu and 10m at 1.81% Cu from 133m, including 3m at 4.96% Cu4. **Step-Out Extension** — Rejected; excluded from scoring Polarity: positive Definition: Mineralization extended beyond the previously known limit. Reason: The hole intersected a separate zone defining a new hanging-wall lode. Evidence · text > The same hole intersected a separate zone of 10 metres at 1.81% copper, including 3 metres at 4.96%, defining a new hanging-wall lode. ### Fact 8 [Link to this fact](https://atlas-staging.minestarters.com/news/boa-2026-annual-report--8beae1c4-b4da-43da-907b-294343cd8ae8#fact-drill-facts-7) Ricci Lee · copper Needs review: drill\_no\_hole\_id #### Identity - Project: Ricci Lee - Commodity: copper - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BOA #### Geometry - Grade: 4.96 - Grade Unit: % - Intercept: 3 m #### Classification - Program: exploration - Sample Type: drill #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This high-grade sub-interval within the newly identified hanging-wall lode enhances the significance of the new discovery. - Positive factor: Exceptional high-grade copper intercept - Positive factor: Confirms high-grade zones within new lode - Negative factor: Apparent width only - Negative factor: No QA/QC disclosure Evidence · text > including 3 metres at 4.96% #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Bonanza Intercept** — Rejected; excluded from scoring Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Reason: 4.96% Cu is well above the 2.5% exceptional threshold for copper. Evidence · text > including 3 metres at 4.96% **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Evidence · text > including 3 metres at 4.96% **No QA/QC Disclosure** — Rejected; excluded from scoring Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Reason: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Evidence · text > Subsequently, results from an additional four holes also returned significant copper mineralisation, including 22m at 3.05% Cu from 250m, including 9m at 6.86% Cu and 10m at 1.81% Cu from 133m, including 3m at 4.96% Cu4. ### THC035 [Link to this fact](https://atlas-staging.minestarters.com/news/boa-2026-annual-report--8beae1c4-b4da-43da-907b-294343cd8ae8#fact-drill-facts-8) Ricci Lee · copper Historical result Needs review: historical\_restatement #### Identity - Hole ID: THC035 - Project: Ricci Lee - Commodity: copper - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BOA #### Geometry - Grade: 3.48 - Grade Unit: % - Intercept: 5 m - From: 203 m - To: 208 m - Intercept Depth: 203 m #### Classification - Program: exploration - Sample Type: drill - Group ID: THC035:203-208 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This is a historical intercept mentioned for comparative purposes, not new information. - Negative factor: Stale data re-release Evidence · text > intersected 5m at 3.48% Cu from 203m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Stale Data Re-release** — Rejected; excluded from scoring Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Reason: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Evidence · text > THC035, an historic hole located 80m to the south that intersected 5m at 3.48% Cu from 203m and 10m @ 5.12% from 218m at 190m vertical depth. ### THC035 [Link to this fact](https://atlas-staging.minestarters.com/news/boa-2026-annual-report--8beae1c4-b4da-43da-907b-294343cd8ae8#fact-drill-facts-9) Ricci Lee · copper Historical result Needs review: historical\_restatement #### Identity - Hole ID: THC035 - Project: Ricci Lee - Commodity: copper - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BOA #### Geometry - Grade: 5.12 - Grade Unit: % - Intercept: 10 m - From: 218 m - To: 228 m - Intercept Depth: 218 m #### Classification - Program: exploration - Sample Type: drill - Group ID: THC035:218-228 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This is a historical intercept mentioned for comparative purposes, not new information. - Negative factor: Stale data re-release Evidence · text > 10m @ 5.12% from 218m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Stale Data Re-release** — Rejected; excluded from scoring Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Reason: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Evidence · text > THC035, an historic hole located 80m to the south that intersected 5m at 3.48% Cu from 203m and 10m @ 5.12% from 218m at 190m vertical depth. ## Resource Estimates (6) ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/boa-2026-annual-report--8beae1c4-b4da-43da-907b-294343cd8ae8#fact-resource-facts-10) Thaduna · copper #### Identity - Project: Thaduna - Commodity: copper - Region: australia\_wa - Reported Region: Western Australia - Ticker: BOA #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:3fc33c59562da1d289cd #### Resource Data - Category: inferred - Tonnes: 4100000 - Grade: 2.5 - Grade Unit: % - Contained Metal: 103 - Contained Unit: kt - Cutoff Grade: 0.75 - Cutoff Unit: % Cu #### Prior Estimate - Resource Date: 2026-06-25 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This represents a substantial JORC-compliant copper resource acquired by the company, significantly adding to its asset base. - Positive factor: Significant contained copper - Positive factor: High resource grade - Positive factor: JORC compliant estimate - Positive factor: Maiden resource for the company - Negative factor: Resource category includes inferred - Negative factor: No QP/CP disclosure Evidence · table > 2.5 Context: 4.1 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/boa-2026-annual-report--8beae1c4-b4da-43da-907b-294343cd8ae8#fact-resource-facts-11) Thaduna · copper #### Identity - Project: Thaduna - Commodity: copper - Region: australia\_wa - Reported Region: Western Australia - Ticker: BOA #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:3fc33c59562da1d289cd #### Resource Data - Category: inferred - Tonnes: 4100000 - Grade: 2.5 - Grade Unit: % - Contained Metal: 103 - Contained Unit: kt - Cutoff Grade: 1 - Cutoff Unit: % Cu #### Prior Estimate - Resource Date: 2026-06-25 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This represents a substantial JORC-compliant copper resource acquired by the company, significantly adding to its asset base. - Positive factor: Significant contained copper - Positive factor: High resource grade - Positive factor: JORC compliant estimate - Positive factor: Maiden resource for the company - Negative factor: Resource category includes inferred - Negative factor: No QP/CP disclosure Evidence · table > 2.5 Context: 4.1 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/boa-2026-annual-report--8beae1c4-b4da-43da-907b-294343cd8ae8#fact-resource-facts-12) Green Dragon · copper #### Identity - Project: Green Dragon - Commodity: copper - Region: australia\_wa - Reported Region: Western Australia - Ticker: BOA #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:0b0fe63112548bcb6ad0 #### Resource Data - Category: inferred - Tonnes: 1200000 - Grade: 1.5 - Grade Unit: % - Contained Metal: 18 - Contained Unit: kt - Cutoff Grade: 0.75 - Cutoff Unit: % Cu #### Prior Estimate - Resource Date: 2026-06-25 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This resource adds to the company's copper inventory through the acquisition, contributing to its strategic growth. - Positive factor: Adds to company's resource base - Positive factor: JORC compliant estimate - Positive factor: Maiden resource for the company - Negative factor: Resource category includes inferred - Negative factor: Lower grade than Thaduna - Negative factor: No QP/CP disclosure Evidence · table > 1.5 Context: 1.2 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/boa-2026-annual-report--8beae1c4-b4da-43da-907b-294343cd8ae8#fact-resource-facts-13) Green Dragon · copper #### Identity - Project: Green Dragon - Commodity: copper - Region: australia\_wa - Reported Region: Western Australia - Ticker: BOA #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:0b0fe63112548bcb6ad0 #### Resource Data - Category: inferred - Tonnes: 1200000 - Grade: 1.5 - Grade Unit: % - Contained Metal: 18 - Contained Unit: kt - Cutoff Grade: 1 - Cutoff Unit: % Cu #### Prior Estimate - Resource Date: 2026-06-25 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This resource adds to the company's copper inventory through the acquisition, contributing to its strategic growth. - Positive factor: Adds to company's resource base - Positive factor: JORC compliant estimate - Positive factor: Maiden resource for the company - Negative factor: Resource category includes inferred - Negative factor: Lower grade than Thaduna - Negative factor: No QP/CP disclosure Evidence · table > 1.5 Context: 1.2 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/boa-2026-annual-report--8beae1c4-b4da-43da-907b-294343cd8ae8#fact-resource-facts-14) Neds Creek · copper #### Identity - Project: Neds Creek - Commodity: copper - Region: australia\_wa - Reported Region: Western Australia - Ticker: BOA #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:1ffd8c5021bde73bbdf2 #### Resource Data - Category: inferred - Tonnes: 5300000 - Grade: 2.3 - Grade Unit: % - Contained Metal: 121 - Contained Unit: kt - Cutoff Grade: 0.75 - Cutoff Unit: % Cu #### Prior Estimate - Resource Date: 2026-06-25 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This combined resource represents a significant and strategically important addition to the company's copper assets. - Positive factor: Significant total contained copper - Positive factor: Strong average resource grade - Positive factor: JORC compliant estimate - Positive factor: Maiden resource for the company - Negative factor: Resource category includes inferred - Negative factor: No QP/CP disclosure Evidence · table > 2.3 Context: 5.3 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/boa-2026-annual-report--8beae1c4-b4da-43da-907b-294343cd8ae8#fact-resource-facts-15) Neds Creek · copper #### Identity - Project: Neds Creek - Commodity: copper - Region: australia\_wa - Reported Region: Western Australia - Ticker: BOA #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:1ffd8c5021bde73bbdf2 #### Resource Data - Category: inferred - Tonnes: 5300000 - Grade: 2.3 - Grade Unit: % - Contained Metal: 121 - Contained Unit: kt - Cutoff Grade: 1 - Cutoff Unit: % Cu #### Prior Estimate - Resource Date: 2026-06-25 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This combined resource represents a significant and strategically important addition to the company's copper assets. - Positive factor: Significant total contained copper - Positive factor: Strong average resource grade - Positive factor: JORC compliant estimate - Positive factor: Maiden resource for the company - Negative factor: Resource category includes inferred - Negative factor: No QP/CP disclosure Evidence · table > 2.3 Context: 5.3 ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.