Boab Metals Limited reported positive additional results received for core samples submitted from the Phase IV drilling program at its 75% owned Sorby Hills Lead-Silver-Zinc Project, located in the Kimberley Region of Western Australia. Apart from metallurgical and geotechnical objectives the program also targeted the growth of the resource base through the extension and addition of brown-field drill holes to the program. Results for some brown-field drill holes have been received and are expected to have positive impacts on the Resource base of the project as well as the overall future pit design. Significant assay results as part of the latest assay batch from the brown-field drill holes include: SHDD043: 11m at 7.4% Pb and 29g/t Ag from 35m. SHDD039: 21m at 3.4% Pb and 15 g/t Ag from 31m. SHDD024: 17m at 7.5% Pb and 157g/t Ag from 72m. Phase IV Drilling Program: Boab's Pre-Feasibility Study ("PFS") confirmed that Sorby Hills is underpinned by a large near-surface Pb-Ag-Zn deposit comprising a Mineral Resource of 44.1Mt at 3.3% Pb, 38g/t Ag and 0.5% Zn, and Proved and Probable Reserves of 13.6Mt at 3.6% Pb, and 40g/t Ag. On the back of the positive PFS, the Phase IV drilling program was designed to primarily advance the Project towards Definitive Feasibility Study status. As such, the bulk of drilling meters (3,340m) were apportioned to these objectives. The balance of the drilling was targeted at Resource extensions and brown-fields exploration (1,460m). Updated Drilling Results: Geotechnical and metallurgical drilling comprised 30 diamond drill holes for 3,340m across the PFS mining area. In addition to the metallurgical and geotechnical objectives of the Phase IV drilling program, the Company reported that results for several drill holes which intersected new intervals of mineralisation immediately adjacent to the current open pit designs confirm significant mineralization extensions. The recent laboratory results support the previously reported geological observations and underpin the plan for future drilling. It is anticipated these intersections will have a favourable impact on the Sorby Hills Resource. Cross Section Omega North ­ Drill Hole SHDD017: SHDD017 met its primary objective and was extended beyond its metallurgical target depth to test the projected lateral continuity of historic intercepts of mineralisation, located in the footwall of the current deposit, that are currently not included in the Sorby Hills Resource outlines. The results received confirm the presence of mineralisation with the hole intersecting a wide zone of low-grade hydrothermal vein and breccia type mineralisation consisting of galena-sphalerite-calcite vein fill which differs and does not appear to be related in style to stratiform, galena-dominated breccia-hosted mineralization. The drill hole intersected a "geological" envelope of mineralisation of about 40m at 1.4% Pb and 10 g/t Ag mineralisation, which includes: an upper interval (target) of 5m at 1.70% Pb and 13 g/t Ag from 82m; and a lower zone (new) of 13m at 2.87% Pb and 16 g/t Ag from 101m. This is a very significant finding as the mineralisation is located below the current design pit and it has confirmed the veracity of sporadic, historic deeper drilling which intercepted mineralisation not incorporated into the current Mineral Resource Estimate. The new results will allow the design and targeting of a new zone of mineralisation. Once the data is integrated within the existing data base an assessment of the significance will be conducted and a specific drilling program will be designed. The inferred structural-hydrothermal setting suggests a specific geometry to this zone which will have to be determined and may be the reason why this was not followed up historically. Southern Omega Deposit: Drill holes SHDD039, SHDD043 and SHDD046 were drilled into the southern portion of the Omega deposit and have each intersected significant widths of mineralisation outside and beyond the current interpreted boundary of the Sorby Hills Mineral Resource Estimate. Drill Holes SHDD039 and SHDD046: Drill hole SHDD039 intersected and extended a second interval of mineralisation below the current Resource envelope. The drill hole results support the continuity of mineralisation reported in an up-dip historic hole (FDH86, 28m at 3.72% Pb from 30m) indicating the potential for a second substantial mineralisation interval below the current open pit design, the shape and grade of which needs to be defined. The drill hole intersected an upper and lower envelope of mineralisation of: 21m at 3.5% Pb and 15 g/t Ag from 31m; and 7m at 2.1% Pb and 6 g/t Ag from 55m. Boab reported that the historic mineralisation intercept was not previously included in the Resource as there were insufficient data points available to support the interpretation. However, these results substantiate the historic data and warrant a reinterpretation of the mineralisation envelope at depth based on the additional drilling to quantify the significance. Results for drill hole SHDD046 are pending. The drill hole, a 30m step-out drill hole located to the northwest of the current Resource envelope, intersected several intervals of strong visible mineralisation from as shallow as 10m below the surface. Historic and recent drill holes in the area showed previously delivered variable results and consequently the Resource was not extended into this area. This preliminary result, if confirmed by strong assay results from the laboratory, is likely to impact the mineralisation envelope. The mineralisation in SHDD046 is associated with stratiform collapse breccias, possibly after evaporites, and represents the typical type of stratabound mineralisation for Sorby Hills. The mineralisation is open to the southwest and northwest and warrants follow up with additional drilling. Drill Hole SHDD043: Drill hole SHDD043 was collared toward the current south eastern limit of the Omega deposit to test the Inferred mineralisation envelope. The drill hole has confirmed the drill core observations announced by Boab in November 2020 and returned two very significant mineralisation intervals of 11m and 18m from 35m and 52m down hole respectively. The mineralisation is associated with an unusually thick interval of the "Sedimentary Breccia Member (Transition Facies)" which is host to the stratiform style of mineralisation elsewhere in the deposit and represents most of the current Resource. It suggests a probable continuity of mineralisation. Further drilling will be required to determine the geometry of this breccia body and the associated mineralisation. The drill hole intersected an upper and lower envelope of mineralisation of: 11m at 7.4% Pb and 29 g/t Ag from 35m; and 18m at 2.9% Pb and 9 g/t Ag from 52m.