Boab Metals Limited reported further impressive assay results from the Phase IV drilling program at its 75% owned Sorby Hills Lead-Silver-Zinc Project ("Sorby Hills" or the "Project"), located in the Kimberley Region of Western Australia. Assay results from drilling at the Sorby Hills B-Deposit have confirmed several shallow-depth extensions of mineralisation just outside the current Mineral Resource envelope and open pit designs. The new results will allow previously excluded historic intercepts to be incorporated into the Sorby Hills Mineral Resource allowing for more confident modelling of the deposit in advance of the upcoming Mineral Resource estimate. Significant assay results received from the B-Deposit brown-fields drill holes include: SHDD032: 15m at 3.8% Pb and 22g/t Ag from 24m; SHDD035: 9m at 4.8% Pb and 33g/t Ag from 36m; SHDD036: 13m at 3.1% Pb and 21g/t Ag from 26m; SHDD029: 8m at 2.9% Pb and 10g/t Ag from 44m; Incl. 5.1 m at 4.47% Pb and 14g/t Ag from 46.9m. The latest batch of results are expected to have positive impacts on the Mineral Resource and open pit design for the B-Deposit. Further Phase IV assays due to be released during January 2021. Boab's Pre-Feasibility Study ("PFS") confirmed that Sorby Hills is underpinned by a large near-surface Pb-Ag-Zn deposit comprising a Mineral Resource of 44.1Mt at 3.3% Pb, 38g/t Ag and 0.5% Zn, and Proved and Probable Reserves of 13.6Mt at 3.6% Pb, and 40g/t Ag. On the back of the positive PFS, the Phase IV drilling program was designed to primarily advance the Project towards Definitive Feasibility Study ("DFS") status. As such, the bulk of drilling meters (3,340m) were apportioned to these objectives. The balance of the drilling was targeted at Resource extensions and brown-fields exploration (~1,460m). The Phase IV Drilling program comprised 58 rotary and diamond drill holes for 4,803m targeting a combination of DFS Metallurgical and Geotechnical objectives and Resource extensions across the Sorby Hills deposit. The drilling program was completed in November 2020 and impressive assay results received to date from the Omega Deposit have been released to the market in previous announcements made by the Company. The latest batch of assay results reported in this announcement are from the B-Deposit. Similar to the results reported for Omega (ASX release 19 January 2021), drill holes SHDD029, SHDD030, SHDD032 and SHDD034 highlighted in this announcement were collared either outside or extended beyond the current known mineralisation for the B Deposit. The assay results have confirmed previously reported observations of mineralisation immediately adjacent to the current B Deposit open pit designs. It is anticipated these exciting results will positively impact the Mineral Resource Estimate and provide further encouragement for the Company to undertake additional drilling. As previously reported (ASX release 22 October 2020), drill hole SHDD029 intersected a zone of stratabound mineralisation at shallow depth. The zone of mineralisation is consistent with the outward projection and likely extension of the Resource envelope. The mineralisation is open to the west southwest and west and will require further step-out drilling. Drill hole SHDD032 intersected continuous mineralised zone of significant width. The mineralisation is consistent in its upper portion with the current Mineral Resource envelope, however the overall thickness is greater than previously modelled. Drill hole SHDD030, a 135m step-out drill hole located to the southeast of the current Mineral Resource envelope, intersected an interval of intermittent visible mineralisation from 43m down hole over about 20m.