BOA Resources announced transformation copper deal in WA

The new financial year has opened up quietly with renewed buying yet to resurface to any great extent, but it is noteworthy that many of the leading gold producers were strongly sought after at the end of the week. That suggests institutional buying.

It normally takes at least a couple of weeks to gather momentum in July. The Noosa Conference late in the month, then Diggers and Dealers in the first week of August, will tell us just how many potential buyers will return to the playing field.

Copper has been a relatively good performer over the last six months, particularly in relation to gold. It is down only 9-10% since its high in January, compared to the 25% fall we have seen in gold. Demand for copper is more transparent and less emotional than that for gold. The Iranian War is actually more supportive to the copper price due to the rise in sulphur prices. So, this week we are having a deeper dive into BOA, a junior that has just announced a transformational copper deal in WA, about 40 km east of the very profitable DeGrussa copper mine that turned Sandfire (SFR) from a junior spec company into a globally credible copper producer, now capitalised at $8.7bn. 

 WeeklyComm4July2026.pdf