Boab Metals Limited (ASX:BML) has disclosed a change in the relevant interests of director Andrew Parker, following the conversion of 750,000 "F" Class Director Performance Rights into fully paid ordinary shares on 2 November 2026, at nil consideration, after the achievement of a specified project milestone.

Key Points

  • 750,000 "F" Class Director Performance Rights held by Treypark Pty Ltd <Three P Account> were converted to ordinary shares on 2 November 2026 at nil consideration.
  • The conversion was triggered by Boab Metals announcing that the mine life of the Sorby Hills Project had been extended by two years, as disclosed in the "Sorby Hills Project Delivery Plan" release of 29 September 2026.
  • Following the change, Treypark Pty Ltd <Three P Account> holds 1,435,613 fully paid ordinary shares, up from 685,613 prior to the conversion.
  • Andrew Parker retains Director Performance Rights comprising 500,000 "C" Class (expiring 24 October 2027), 375,000 "D" Class, and 375,000 "E" Class (both expiring 17 December 2030) through Treypark Pty Ltd.

Conversion of F Class Performance Rights on 2 November 2026

According to the filing, the nature of the change was the conversion of 750,000 "F" Class Director Performance Rights to ordinary securities upon the achievement of a milestone. The milestone was Boab Metals announcing that the mine life of the Sorby Hills Project had been extended by two years, as detailed in the company's "Sorby Hills Project Delivery Plan" released on 29 September 2026. The securities were acquired at nil consideration and are held indirectly through Treypark Pty Ltd <Three P Account>, of which Andrew Parker is a beneficiary.

Andrew Parker's Full Securities Position After Change

Following the conversion, Andrew Parker's total indirect and direct holdings across all registered entities are as follows. Treypark Pty Ltd <Three P Account> now holds 1,435,613 fully paid ordinary shares along with 500,000 "C" Class, 375,000 "D" Class, and 375,000 "E" Class Director Performance Rights. The Andrew and Adrienne Parker <AP Superannuation Fund A/C> holds 149,287 fully paid ordinary shares, unchanged. Andrew Parker personally holds 94,286 fully paid ordinary shares, also unchanged.

Securities Position Prior to the Change

Before the 2 November 2026 conversion, Treypark Pty Ltd <Three P Account> held 685,613 fully paid ordinary shares and Director Performance Rights across four classes: 500,000 "C" Class (nil exercise price, expiring 24 October 2027), 375,000 "D" Class, 375,000 "E" Class, and 750,000 "F" Class (all nil exercise price, expiring 17 December 2030). The previous director's interest notice for Andrew Parker was dated 3 February 2026, according to the filing. No interests in contracts were disclosed as having changed.