BOA Resources (ASX: BOA) has moved fast — from a 49% exploration interest in the Neds Creek copper play to acquiring 100% of Core Value Australia plus the Thaduna and Green Dragon deposits from Sandfire Resources.
In this interview, newly appointed Managing Director Graeme Purcell walks us through the transformation: how the deal came together, why Sandfire now sits on the register as a ~6.2% shareholder, what the 5.3Mt @ 2.3% Cu (121kt contained copper) resource really represents, and the drill program that kicks off in Q3 2026.
We cover the leadership transition, the acquisition history, transaction structure, the historical mining at Thaduna and Green Dragon, six priority drill targets led by Ricci Lee, the debate over whether the region can deliver "another DeGrussa," tenement and Mining Lease status, funding, and the catalysts to watch through 2026 and into 2027.
WHAT WE COVER
- Leadership transition — Graeme Purcell to MD, Cath Norman to Chair
- History of acquiring the copper assets & the original Stanifer / CVA deal
- From 49% to 100% — the consolidation strategy
- Securing Thaduna & Green Dragon from Sandfire
- Transaction structure, consideration & vendor ownership
- Adrian Griffin joining the board
- Sandfire as a ~6.2% substantial shareholder & the ongoing relationship
- Proximity to the old DeGrussa mine
- Historical mining at the tenements (1940s–70s)
- Current resources — Thaduna & Green Dragon (121kt Cu)
- Drill targets & the ML-led exploration program
- Ricci Lee — priority resource-definition drilling
- Rooneys, Mueller, Enigma & the target pipeline
- Chances of finding "another DeGrussa"
- Tenement status & progression to Mining Leases
- Balance sheet & funding the drill program
- Biggest catalysts, outlook & key risks
KEY FACTS
- Combined resource: 5.3Mt @ 2.3% Cu for 121kt contained copper (Thaduna ~103kt / Green Dragon ~18kt)
- CVA consideration: ~127.6M shares + ~76.9M options @ $0.10 (~$7.27M)
- Sandfire Resources to hold ~6.2% of BOA on completion
- Both deposits open at depth (Thaduna to 660m, Green Dragon to 270m)
- Thaduna (M52/1061) & Green Dragon (M52/1060) are granted Mining Leases
- ~15,000m drill program (7,500m RC + 7,500m AC), drilling from Q3 2026
LEVRD Partners
WA WATER BORES
The best water drillers in Australia
James Harrington - 0429 695 538
https://www.wawaterbores.com.au/
MINING SELECT
Find a Mining job RIGHT NOW!!
https://www.miningselect.com.au/
Download the app and start the hunt
LEVRD Socials
X ► https://x.com/mattmichaelOG
Instagram ► https://www.instagram.com/levrdmatty/
Tiktok ► https://www.tiktok.com/@levrdmatty
Facebook ► https://www.facebook.com/levrdtrading
Linkedin ► https://www.linkedin.com/company/levrd/
This channel and all the audio/video content is prepared by Life of Mine Podcast Pty Ltd (trading as Levrd). Levrd is an Authorised Representative (AR 001318377) of 62 Consulting Pty Ltd (ABN 88 664 809 303), AFSL 548573.
Any views are general in nature, or the opinion are of Levrd. The audio/video contents are not personal financial or tax advice, this means they do not consider your objectives, financial situation or needs.
Do not follow my trades, they are for entertainment purposes only.
CFDs are high risk; you can lose all capital rapidly. My past performance isn't reliable. I may be long/short in CFDs mentioned in the audio/video.
FSG: https://levrd.live/pages/fsg
This material is not an offer, invitation or recommendation to acquire or dispose of any financial product including CFDs or to adopt any strategy.
While believed reliable, the information may be incomplete or change without notice, it is provided for entertainment purposes only.
Except for liability under statute that cannot be excluded, no representation or warranty of accuracy or completeness is given.
No guarantee of returns or capital protection is given by 62 Consulting, Levrd or their related parties.
