Boab Metals Ltd – Trading Halt and Suspension Announcement
Boab Metals Ltd (ASX: BML) has announced that trading in its shares will be temporarily halted. The request for a trading halt was submitted by the company on 10 October 2025 and is expected to remain in effect until either a formal announcement is released or normal trading resumes on 14 October 2025, whichever occurs first.
Key Details of the Trading Halt
| Item | Information |
|---|---|
| Date of Request | 10 October 2025 |
| Effective Date | Immediately, pending announcement |
| Expected End | 14 October 2025 or upon release of announcement |
| Regulator | ASX Limited |
| Reason | Pending release of a capital‑raising announcement |
The ASX has confirmed that the trading halt was issued at the request of Boab Metals Ltd. The company intends to disclose details of a forthcoming capital‑raising effort, which prompted the halt.
Additional Suspension Notice
In parallel, the German financial news portal Finanznachrichten.de reported a suspension of the Boab Metals Ltd instrument with the following identifiers:
- ISIN: AU0000131849
- Symbol: BAW/UFN
The suspension is effective immediately and applies to all trading venues that list the instrument under the stated codes.
Company Background
Boab Metals Ltd is an exploration and development company headquartered in Perth, Australia. Its primary project is the Sorby Hills lead‑silver‑zinc joint venture in Western Australia. The company is listed on the ASX All Markets under the ticker BML and trades in Australian dollars.
| Attribute | Value |
|---|---|
| Sector | Materials |
| Industry | Metals & Mining |
| Market Cap | AUD 113,090,000 |
| Price (10 Oct 2025) | AUD 0.495 |
| 52‑Week High | AUD 0.520 (29 Sep 2025) |
| 52‑Week Low | AUD 0.100 (13 Oct 2024) |
| P/E Ratio | –29.217 |
Implications for Investors
The trading halt and subsequent suspension will temporarily limit liquidity for investors holding Boab Metals shares. Market participants should await the company’s forthcoming announcement to understand the nature and terms of the proposed capital‑raising. Until such details are released, trading remains suspended, and no further corporate action can be executed.
Investors are advised to monitor official communications from Boab Metals Ltd and the ASX for updates on the announcement schedule and the potential resumption of trading.
