BOAB METALS LIMITED — Capital/Financing Update 2020

Jun 28, 2020

==> picture [612 x 41] intentionally omitted <==

29 June 2020

CORPORATE DIRECTORY

Managing Director

Simon Noon

Directors

Gary Comb (Chairman) Richard Monti (Non-Executive) Andrew Parker (Non-Executive)

Company Secretary

Jerry Monzu

Registered Office

Level 1, 105 St Georges Terrace Perth WA 6000

Telephone

+61 8 6268 0449 ASX Code PMY ABN 43 107 159 713

==> picture [84 x 72] intentionally omitted <==

BurnVoir Appointed as Financial Adviser to Secure Development Funding Package for Sorby Hills

Pacifico Minerals Limited (ASX:PMY) ( Pacifico ) is pleased to announce the appointment of leading independent finance advisory group BurnVoir Corporate Finance ( BurnVoir ) as financial adviser and arranger of finance for the development of the Sorby Hills LeadSilver-Zinc Project.

---

BurnVoir will work with Pacifico to secure an attractive, flexible funding package for the development of the Sorby Hills Project that can maximise value for shareholders. BurnVoir has assisted in arranging development finance for a number of projects in Western Australia in recent years, including for Pilbara Minerals Limited (Pilgangoora Project, lithium) and Kalium Lakes Limited (Beyondie Project, potash).

Commenting on the BurnVoir appointment, Pacifico’s Managing Director Simon Noon said:

“Pacifico has received strong interest from multiple parties for potential offtake and debt financing and has appointed BurnVoir to manage a competitive financing and off take process that will ensure the best result for the Company. BurnVoir has extensive experience in arranging development funding for high quality projects such as the Sorby Hills LeadSilver-Zinc Project, and we look forward to working closely with them to identify and obtain the optimal funding mix. As the funding solution is progressively implemented, we anticipate increased recognition of the underlying value of the Sorby Hills Project.

The funding task will proceed in parallel with ongoing work on the Sorby Hills Project.”

This announcement has been approved for release by the Board of Directors.

FOR FURTHER INFORMATION PLEASE CONTACT:

Simon Noon Managing Director Phone: +61 (0)8 6268 0449 Email: info@pacificominerals.com.au

ABOUT PACIFICO MINERALS LIMITED

Pacifico Minerals Ltd (ASX: PMY) is a Western Australian based exploration company with interests Australia and Colombia. In Australia, the Company is currently focused on advancing the Sorby Hills Lead-Silver-Zinc Joint Venture Project in WA. Pacifico owns a 75% interest in the Joint Venture with the remaining 25% (contributing) interest held by Henan Yuguang Gold & Lead Co. Ltd. Further details on Pacifico can be found at www.Pacificominerals.com.au

About BurnVoir Corporate Finance

BurnVoir Corporate Finance is a leading independent Australian investment and advisory house with extensive experience and a strong track record in financial services across the energy, resources and infrastructure sectors. Details on BurnVoir can be found at www.burnvoir.com.au.

==> picture [611 x 23] intentionally omitted <==

T +61 8 6268 0449 | E: info@pacificominerals.com.au | A: L1, 105 St Georges Tce, Perth WA 6000