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Advancing the Neds Creek Copper Project, Murchison WA October 2026 Copper resources with compelling exploration upside
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ASX: BOA 2 BOA consolidates its position in the Murchison Copper Belt – The Neds Creek Copper Project in the Murchison region of WA is BOA’s flagship project – On completion of the Core Value/Sandfire transaction: – BOA will own the Thaduna and Green Dragon copper depositsF1 on granted Mining Leases – BOA will own complementary, highly prospective exploration tenements in the Murchison Copper Belt covering cover ~1,378km2 – Sandfire Resources Ltd will be a substantial shareholder with approximately 6.2% – Thaduna and Green Dragon contain a combined Mineral Resource Estimate of 5.3 Mt @ 2.3% Cu for 121 Kt contained CuF1 – Recent drilling has confirmed the potential for a copper resource at the Ricci Lee prospect – Awaiting final assay results for the other 5 prospects drilled – success will lead to a wider, regional copper camp at Neds Creek – Further drill targets being identified from collation and interpretation of extensive exploration data Post transaction tenement holdings in the Murchison Copper Belt, WA F1, F2 and F3 refer page 18 Cu
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ASX: BOA 3 Corporate summary Strong shareholder base, funded for transaction and planned drilling Proposed transaction cost equates to approx. $72/t copper1 3 1. Calculated by dividing the consideration at the date of transaction announcement (using closing share price at 25 June 2026 x number of consideration shares + $100K) divided by contained copper (t) 2. 5,000,000 Unlisted options (at $0.06, expiring 22/01/2029) and CVA consideration options (76,919,407 at $0.10, expiring 3 years from issue, subject to shareholder approval) 3. Pre-transaction: Market close 9 October 2026 4. As reported by BOA to the ASX “June 26 Quarterly Activities Report”, 24 July 2026 3 Share price3 $0.18 Market Cap3 $52.3M Cash4 $2.4M Debt $0M Capital structure Shares Options Pre Transaction 290,622,246 5,000,0002 Consideration (CVA and Sandfire) 155,424,587 76,919,407 Post Transaction 446,046,833 81,919,4072 12.8% 6.3% 6.2% 74.7% A Griffin R Van der Laan Sandfire Other Post transaction share holding
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ASX: BOA Board and team with extensive experience in capital markets, resource exploration and discovery and growing shareholder value. 4 Post transaction board and management Cath Norman Chair Adrian Griffin Director Graeme Purcell Managing Director Mark Tomlinson Director David Reid, Exploration Manager Nik Karakashov, Senior Geologist and Exploration Manager Lithium and Nickel (WA) Alex Knight, Group Accountant Lisa Wynne, Company Secretary
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ASX: BOA 5 Neds Creek Copper Project, Murchison WA – 100% ownership of a controlling position in the Yerrida Basin – Significant platform for resource growth and potential future development – Historic exploration in the region focused on VMS style systems similar to De Grussa – Structurally controlled epigenetic sediment hosted copper mineralisation (Thaduna and Green Dragon deposits) underexplored – Created opportunity for BOA – Ricci Lee and other prospects identified from previous drilling – Resource definition and exploration drilling commenced at Ricci Lee in August 2026 – highly encouraging results from assays received to date – Positioned within an excellent jurisdiction, good infrastructure Post transaction tenement holdings in the Murchison Copper Belt, WA Cu
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ASX: BOA Resources Category Tonnes (Mt) Cu (%) Cu (Kt) Thaduna Indicated 2.0 Inferred 2.1 Total 4.1 2.5% 103 Green Dragon Indicated 0.8 Inferred 0.4 Total 1.2 1.5% 18 Total Resource Indicated 2.8 Inferred 2.5 Total 5.3 2.3% 121 6 Thaduna copper deposit – Resource of 4.1 Mt at 2.5% for 103 kt CuF1 – Historical small-scale open pit from 1960s-70s – Main mineralised zone 500m in system of 1.7km strike – NNW trending, steeply dipping – Hosted in a carbon-filled brittle fault, with later quartz–carbonate veining and sulphide mineralisation defined to >600m vertical depth – Open at depth – Lightly explored along structural trend, potential repetitions along strike Cu F1 refer page 18
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ASX: BOA 7 – Moderate northerly plunge control – Copper sulphide mineralogy displays vertical zonation (chalcopyrite to bornite) with increasing grade at depth – Potential for resource growth by drill testing: – Upper portion and margins of resource envelope – Lower margins of the plunge – Open at depth (down dip and plunge) – Targets will be refined post completion and integration of data – Test for repetitions along strike of NNW trending Thaduna structural corridor, outside of Mining Lease Thaduna copper deposit F1 Cu F1 Refer page 18
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ASX: BOA 8 Green Dragon copper deposit – Resource of 1.2 Mt at 1.5% for 18 kt Cu F1 – Historical small-scale open pit from 1960-70s, EW trending, 300m strike, moderate northerly dip – Same mineralisation style hosted in carbon-filled brittle fault zone to >200m vertical depth with multiple lodes – Open at depth (down dip and potential west plunge), primary target for drill testing to increase dimensions and upgrade resource – Test for repetitions along strike of EW trending structural corridor outside of Mining Lease East West Cu F1 Refer page 18
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ASX: BOA 9 Neds Creek Project – resources and exploration focus – Simple exploration model, using Thaduna and Green Dragon as analogues – Focus on structurally controlled sediment hosted epigenetic copper mineralisation – Hosted in Thaduna Formation sediments – 6 high-priority targets identified - all with ore grade intersections from historic drillingF4 and good geochemical signatures – Ricci Lee was focus of 2026 drilling and drilled for immediate resource definitionF2 – Other 5 exploration prospects tested with 92 AC holes for 5,722m – AC drilling focus on mineralisation controls – structural orientation and stratigraphic controls – Enigma Prospect remains opportunity for future F4 Refer page 18 Cu
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ASX: BOA 10 Exploration - RC drilling completed at Ricci Lee – 46 RC holes for 7,364m completed August-September 2026 – Program aimed at testing strike, dip and grade continuity of copper mineralisation – Sparse historic drilling over 500m of strike and 180m vertical extentF4 – Drilling tested mineralisation over 640m of strike and approximately 220m verticallyF5 – Drilling defined the Main Lode structure and a new parallel Hanging-Wall Lode structure in the north – High-grade copper from 28 of 34 RC holes reported to dateF5,6,7,8 – Results to date have significantly improved understanding of copper mineralisation – Significant high-grade copper with resource potential Cu F4,F5,6,7,8 Refer page 18
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ASX: BOA 11 High-grade copper continuity - Section 7173680N Cu – Section 7173680N from southern portion of Ricci Lee – Results show a coherent Main Lode structure – ResultsF5,6,7,8 include: – 10m at 3.60% Cu, including 6m at 5.57% Cu (26NCRC032) – 15m at 2.25% Cu from 130m (26NCRC003) – 12m at 1.58% Cu from 64m, including 3m at 3.38% Cu and 2m at 3.14% Cu (26NCRC004) – 10m at 2.78% Cu from 208m, including 8m at 3.33% Cu (26NCRC021) – Results demonstrate good continuity from surface to approximately 200m vertical depth – Strong consistent widths and copper grades in this southern portion of the Ricci Lee mineralised system. F5,6,7,8 Refer page 18
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ASX: BOA 12 High-grade copper continuity - Section 7174000N Cu – Section 7174000N from northern portion of Ricci Lee – Results show a coherent Main Lode structure and new parallel Hanging-Wall Lode structure – ResultsF5,6,7,8 include: – 22m at 3.05% Cu from 250m, including 9m at 6.86% Cu (26NCRC023, Main Lode) – 10m at 1.81% Cu from 133m, including 3m at 4.96% Cu (26NCRC023, Hanging-Wall Lode) – 22m at 1.74% Cu from 104m, including 10m at 2.81% Cu (26NCRC013, Main Lode) – 8m at 1.60% Cu from 87m, including 3m at 3.53% Cu (26NCRC014, Hanging-Wall Lode) – Results demonstrate good continuity from surface to greater than 220m vertical depth – Strong consistent widths and copper grades from surface in this northern portion of the Ricci Lee mineralised system. F5,6,7,8 Refer page 18
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ASX: BOA 13 Main Lode long section Cu – Main Lode high-grade mineralisation demonstrated over more than 400m of strike and more than 200m vertical depth – A parallel Hanging-Wall Lode provides additional exploration opportunity – Remaining assays and modelling will guide resource estimation and further drilling
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ASX: BOA 14 Other prospects – AC drilling – AC drilling completed at Rooneys, Blockley, Mueller, Limestone Bore and Ward – 92 holes for 5,722m – Targets identified from historic drillingF4 within Thaduna and Green Dragon structural corridors – Focus on identifying mineralisation controls – structural orientation and stratigraphic controls – Results expected through October and November – Extensive geophysical, geochemical and drill datasets to assist with additional target generation and ranking – Ongoing exploration to expand pipeline for additional copper targets Cu F4 Refer page 18
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ASX: BOA 15 BOA: 2026 the start of building copper resources – Six high-priority targets now drilled tested – Ricci Lee prospect - first drilling focus for rapid resource growth – Focus on advancing prospects and growing copper resources BOA Asset Portfolio Planning for success in 2026 Snowys Others Au /Ag Bald Hill E Priority Limestone Bore Ricci Lee Enigma Ward Ni Cu Li Target delineation JORC ResourceDrill testing Advanced exploration Rooneys BlockleyCopper Mine Road High exploration risk Low exploration risk O Mueller Green Dragon Thaduna
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ASX: BOA 16 Drilling to drive resource definition and news flow Q3 2026 Q4 2026 Q1 2027 Resource definition at Ricci Lee Integration of Thaduna/Green Dragon resources into database Drilling assay results released Completed 46-hole RC drill program at Ricci Lee and 92-hole exploration AC drill program Update prospect inventory Plan 2027 drill program including drilling to increase resources at Thaduna/Green Dragon Commence 2027 drill program Complete transaction First phase targeting exercise
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ASX: BOA 17 BOA Resources – Copper resources with extensive exploration upside and prospect pipeline – Strong exploration team with prior discoveries and proven capital market execution – Commitment to disciplined capital allocation and strong governance – Growing BOA copper resources to economic scale
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ASX: BOA 18 Disclaimer Forward Looking Statements This presentation is not an offer for financial products in any jurisdiction or a financial product recommendation. The information in this presentation is an overview and does not contain all information necessary for investment decisions. In making investment decisions in connection with any acquisition of financial products, investors should rely on their own examination of BOA Resources Ltd (“BOA” or the “Company”) and consult with their own legal, tax, business and/or financial advisers. The information contained in this presentation has been prepared in good faith by the Company. However, no representation or warranty expressed or implied is made as to the accuracy, correctness, completeness or adequacy of any statements, estimates, opinions or other information contained in this presentation. To the maximum extent permitted by law, BOA, its directors, officers, employees and agents disclaim liability for any loss or damage which may be suffered by any person through the use or reliance on anything contained in or omitted in this presentation. This presentation contains forward-looking statements relating to the intentions of the Company. These statements are not intended to be forecasts or statements about future matters for the purposes of the Corporations Act or any other applicable law. The occurrence of events in the future is subject to risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements to differ from those referred to in this announcement. Accordingly, BOA, its directors, officers, employees and agents, do not give any assurance or guarantee that the occurrence of the events referred to in this announcement will occur as contemplated. Competent Person’s Statement The information in this document that relates to Thaduna and Green Dragon Exploration Results, being the data used to generate the mineral resource estimate, is based on data collected and compiled under the supervision of Mr David Reid, who was Exploration Manager for Ventnor Resources Limited (completed over 90% of the exploration used in the mineral resource estimate), and is now the Exploration Manager for BOA Resources Ltd. Mr Reid, BSc (Geology), is a registered member of the Australian Institute of Geoscientists and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and the activity being undertaken to qualify as a Competent Person under the 2012 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code). Mr Reid consents to the inclusion of the data in the form and context in which it appears. The information in this document that relates to the Thaduna and Green Dragon Mineral Resources is based on, and fairly reflects, information compiled by Mr Matt Bampton, who is an employee of Cube Consulting Pty Ltd and a Member of the Australian Institute of Geoscientists. Mr Bampton is not an employee of BOA Resources Limited. Mr Bampton has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as Competent Person as defined in the 2012 Edition of the Australasian Code for the Reporting of Exploration Results, Mineral Resources, and Ore Reserves (JORC Code). Mr Bampton consents to the disclosure of information in this document in the form and context in which it appears. JORC Compliance Statement Footnotes: F1 As announced to the ASX by BOA, “BOA Acquires Copper Deposits in the Neds Creek Project WA”, 25 June 2026 F2 As announced to the ASX by BOA, “BOA entry into WA Murchison Copper Belt”, 27 November 2025 F3 As reported in BOA Quarterly report to the ASX “June 2026 Quarterly Activities Report”, 24 July 2026 F4 As reported to the ASX by BOA “Tenements granted at Neds Creek Copper Project ”, 16 June 2026 F5 As reported to the ASX by BOA “High-grade copper confirmed at Ricci Lee”, 21 September 2026 F6 As reported to the ASX by BOA “High-grade copper intersected at depth at Ricci Lee”, 28 September 2026 F7 As reported to the ASX by BOA “High-grade copper assays continue to strengthen Ricci Lee”, 7 October 2026 F8 As reported to the ASX by BOA “Drilling strengthens scale and continuity of Ricci Lee copper mineralisation”, 12 October 2026 The Company confirms that: • It is not aware of any new information or data that materially affects the information included in the previous market announcements referred to in footnotes 1 - 4; and • All material assumptions and technical parameters underpinning the estimates in those announcements continue to apply and have not materially changed.
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Contact us Graeme Purcell Managing Director gpurcell@boaresources.com info@boaresources.com boaresources.com Nathan Ryan Investor Relations nathan.ryan@nwrcommunications.com.au © BOA Resources Limited ACN 149 582 687