Boab Metals Limited provided update in relation to the development of the Sorby Hills Lead-Silver-Zinc Project ("Sorby Hills" or the "Project") and the Company's Joint Venture partner for the Project. Highlights; Very positive meetings have been held with Joint Venture partner Henan Yuguang Gold and Lead Co. Ltd. ("Yuguang"), the largest Lead smelting company and Silver producer in China; Yuguang has fully endorsed the Company's Definitive Feasibility Study ("DFS") program and budget and confirmed their intention to fund its 25% contribution to the DFS costs; Yuguang has reaffirmed their strong appetite for the Sorby Hills Lead-Silver concentrate; and Yuguang has confirmed their commitment to the development of the Project and working constructively with Boab to ensuring the Project is bankable and fully-financed. Sorby Hills is a joint venture between Boab (75% interest) and Henan Yuguang Gold and Lead Co. Ltd. (25% interest), the largest Lead smelting company and Silver producer in China. Yuguang's interest in the Project extends nearly 10 years so far, during which time it has continually contributed its pro-rata share of Joint Venture exploration and development costs. Sorby Hills Lead-Silver concentrate Offtake: As part of the Joint Venture discussions, Yuguang has expressed their strong appetite for the Sorby Hills Lead-Silver concentrate and potentially increasing their offtake participation above that which they are currently entitled by virtue of their 25% joint venture interest in the Project. The Sorby Hills PFS 10-year production schedule delivers an average 81,000 dry metric tonnes per annum of 62% Lead Concentrate, containing 50kt of recovered Lead and 1.5Moz recovered Silver. Over the upcoming months, the Company intends to run an offtaker selection process to allocate the offtake right to Boab's 75% interest in Sorby Hills production. The Company has begun this process by undertaking a preliminary sounding with a range of well-credentialled potential offtake partners, including Yuguang, to gauge their interest. The offtaker selection process will be managed by the Company's financial advisers, BurnVoir Corporate Finance.