Key Highlights

  • BOA Resources (ASX:BOA) reported on 14 October 2026 maiden aircore results at the Rooneys prospect in the Neds Creek Copper Project, extending the interpreted mineralised trend to more than 500 metres.
  • Intersections include 4m at 3.54% copper from 10m and 16m at 2.47% copper from 58m in 26NCAC0016, and 10m at 1.75% copper from 51m in 26NCAC0001.
  • An expanded RC program is planned at Rooneys, and the company expects to complete its acquisition of the remaining 51% of Neds Creek and 100% of Thaduna and Green Dragon after shareholder approval on 12 October 2026.

BOA Resources Limited (ASX:BOA) announced on 14 October 2026 results from its maiden aircore (AC) drilling program at the Rooneys prospect within the Neds Creek Copper Project in Western Australia. All 23 holes for 1,486 metres have been assayed, and the results extend the interpreted mineralised trend.

This article describes the company, the sector context, the results and the factors that may influence the project.

About BOA Resources

BOA Resources Limited is an ASX-listed copper exploration company with a portfolio that includes the Neds Creek Copper Project in Western Australia, with prospects Rooneys, Ricci Lee, Blockley, Mueller, Limestone Bore and Ward. The company also refers to the Thaduna and Green Dragon copper deposits.

The announcement states that BOA expects to complete its acquisition of the remaining 51% of Neds Creek and 100% of the Thaduna and Green Dragon copper deposits following receipt of shareholder approval on 12 October 2026. BOA does not report production revenue.

Sector backdrop

Aircore drilling is a shallow, rapid method used to test prospects at low cost. Shallow copper intersections can be followed by RC drilling to test continuity and depth. In this program, planned RC drilling at Rooneys was deferred and its metres were reallocated to Ricci Lee.

Copper projects in Western Australia are explored in several regions, and exploration often begins with mapping historic workings and drilling known mineralised structures. Results reported as downhole intervals may differ from true widths.

Structural trends, such as east-west steeply dipping structures and cross-cutting structures, are used to design follow-up drilling.

Rooneys aircore results announced on 14 October 2026

Program and results

The program tested a known east-west, steeply north-dipping structure identified from historic workings and drilling, over 200 metres of strike and a potential extension. It intersected high-grade copper mineralisation over an additional 320 metres to the west, lifting overall strike potential to more than 500 metres, similar in length to the Ricci Lee prospect.

Intersections include 10 metres at 1.75% copper from 51 metres (26NCAC0001), 9 metres at 1.52% copper from 28 metres (26NCAC0004), 4 metres at 3.54% copper from 10 metres and 16 metres at 2.47% copper from 58 metres (26NCAC0016), 4 metres at 1.08% copper from 57 metres (26NCAC0021) and 2 metres at 2.00% copper from 53 metres (26NCAC0011).

Interpretation and next steps

In 26NCAC0016 the upper intersection is interpreted to be part of the main western extension, while the deeper broad intersection appears unrelated to a known mineralised position, which the company says points to a second structure to test. Hole 26NCAC0021 intersected copper in the interpreted position of a mapped north-trending structure. BOA is planning an expanded follow-up RC program at Rooneys.

Assays remain pending for the Blockley, Mueller, Limestone Bore and Ward prospects and for the final 12 Ricci Lee RC holes.

The aircore program covers five priority exploration targets within the Neds Creek Project. All 23 holes for 1,486 metres at Rooneys have been assayed. Planned RC drilling at Rooneys was deferred in this campaign and its metres were reallocated to Ricci Lee, where assays are awaited from the final 12 RC holes. The company says the results strengthen the case for further copper systems across Neds Creek beyond Thaduna, Green Dragon and Ricci Lee.

Core growth drivers and material operating risks

Core growth drivers

The items identified are the expanded RC program at Rooneys, the pending assays at the other Neds Creek prospects and Ricci Lee, and completion of the acquisition of the remaining interest in Neds Creek and the Thaduna and Green Dragon deposits.

Material operating risks

Aircore results are shallow and reported as downhole intervals, and the true widths are not stated. The depth, continuity and grade of the mineralisation are untested by RC drilling at Rooneys. Assays from several prospects are still awaited.

The acquisition of the remaining interests relies on completion following shareholder approval, and BOA will need funding for follow-up drilling.

The announcement states that the acquisition of the remaining 51% of Neds Creek and 100% of Thaduna and Green Dragon was expected to complete after shareholder approval on 12 October 2026, the date that falls two days before the announcement. The text does not give the consideration payable, the production history of Thaduna and Green Dragon or the timing of the expanded RC program at Rooneys, so these matters are not covered here.