# BOA: BOA Raises $9.2m to advance exploration at Neds Creek

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/boa-boa-raises-9-2m-to-advance-exploration-at-neds-creek--c5b58304-75a4-4f6f-a8ac-01aa52795e4a

Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03155594

Publisher: asx

Original announcement: 2026-10-21T22:19:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-10-21T23:11:47.405Z

Atlas analysis updated: 2026-10-21T23:11:47.405Z

- Company: BOA Resources Limited

- Ticker: BOA

- Exchange: ASX

- Region: Western Australia

- Primary commodity: Copper

- Secondary commodities: Silver

- Document categories: Capital raise, Drill results

- Extracted: 2026-10-21 23:11:48 UTC

Narrative sentiment: 0.60 · Bullish

## Minestarters Atlas summary

BOA Resources Limited has secured firm commitments for a $9.245 million share placement to fund exploration at the Neds Creek Copper Project in Western Australia. The proceeds will be used primarily for drilling at the Ricci Lee, Thaduna, and Rooneys targets to expand the company's copper resource inventory.

Reasoning: The company successfully secured a significant capital raise to fund exploration and resource growth at its Neds Creek project.

- Positive factor: successful $9.2m capital raise

- Positive factor: 100% ownership of Neds Creek project consolidated

- Positive factor: funding secured for upcoming drilling programs

Facts used in scoring: 2

## Classification and evidence

**Nearology Play**

Polarity: neutral

Story-specific tag

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: The release mentions the project lies within the Capricorn Orogen, which hosts several known copper-gold deposits.

Evidence · text

> The project lies within the Capricorn Orogen, which also hosts the DeGrussa, Monty and Horseshoe Lights copper-gold deposits

## Extracted facts

Stored fact records: 2. Some facts used in scoring do not have a stored record.

## Drill Results (2)

### Fact 1

[Link to this fact](https://atlas-staging.minestarters.com/news/boa-boa-raises-9-2m-to-advance-exploration-at-neds-creek--c5b58304-75a4-4f6f-a8ac-01aa52795e4a#fact-drill-facts-0)

copper

Needs review: drill\_no\_hole\_id

#### Identity

- Commodity: copper
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: BOA

#### Geometry

- Grade: 3.05
- Grade Unit: %
- Intercept: 22 m

#### Classification

- Sample Type: drill

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-21T00:00:00.000Z

Reasoning: Strong copper grade reported at Ricci Lee.

- Positive factor: high-grade copper intersection

Evidence · text

> 22m at 3.05% Cu and 9.5g/t Ag from 250m2

#### 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

### Fact 2

[Link to this fact](https://atlas-staging.minestarters.com/news/boa-boa-raises-9-2m-to-advance-exploration-at-neds-creek--c5b58304-75a4-4f6f-a8ac-01aa52795e4a#fact-drill-facts-1)

silver

Needs review: drill\_no\_hole\_id

#### Identity

- Commodity: silver
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: BOA

#### Geometry

- Grade: 9.5
- Grade Unit: g/t
- Intercept: 22 m

#### Classification

- Sample Type: drill

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-21T00:00:00.000Z

Reasoning: Silver byproduct grade reported alongside copper.

- Positive factor: silver credits reported

Evidence · text

> 22m at 3.05% Cu and 9.5g/t Ag from 250m2

#### 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

## 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.