Boab Metals Director Richard Monti Converts 750,000 "F" Class Performance Rights to Ordinary Shares

Anjali Anand

05 November 2026 03:14 PM AEDT

Boab Metals Director Richard Monti Converts 750,000

Image Source: Krish Capital Pty Ltd

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

Key Points

Richard Monti converted 750,000 "F" Class Director Performance Rights into 750,000 fully paid ordinary shares on 2 November 2026
The conversion was triggered by the achievement of a milestone: Boab Metals announcing a two-year extension to the mine life of the Sorby Hills Project, as disclosed in the "Sorby Hills Project Delivery Plan" release of 29 September 2026
The 750,000 ordinary shares were acquired at nil consideration
Following the change, Richard Monti holds 750,000 fully paid ordinary shares directly, while Monti Minerals Pty Ltd continues to hold 2,055,872 fully paid ordinary shares

Details of the Performance Rights Conversion

According to the filing, the change in director's interest was effected through the conversion of 750,000 "F" Class Director Performance Rights into ordinary securities. The nature of the change was recorded as a milestone conversion, with nil consideration payable. The milestone specified in the filing 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" release dated 29 September 2026. The interest is classified as a direct interest, with no indirect interest disclosed under Part 1 of the filing.

Richard Monti's Securities Holdings After the Change

Following the conversion, Richard Monti's total holdings include 750,000 fully paid ordinary shares held directly in his own name. Monti Minerals Pty Ltd separately holds 2,055,872 fully paid ordinary shares. Richard Monti also retains the following Director Performance Rights: 500,000 "C" Class rights with nil exercise price, expiring 24 October 2027; 375,000 "D" Class rights with nil exercise price, expiring 17 December 2030; and 375,000 "E" Class rights with nil exercise price, expiring 17 December 2030. The filing notes all securities are reported on a post-consolidation basis.

Prior Holdings and Filing Context

Prior to the 2 November 2026 change, Richard Monti held no directly registered ordinary shares in his own name, with Monti Minerals Pty Ltd holding 2,055,872 fully paid ordinary shares. His performance rights prior to the change included "C," "D," "E," and "F" Class Director Performance Rights. The previous director's interest notice for Richard Monti was dated 25 March 2026. The filing was submitted by Boab Metals Limited, ABN 43 107 159 713, under ASX Listing Rule 3.19A.2 and section 205G of the Corporations Act.

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