Working towards production

It's the latest in a long line of milestones the ASX mining company has been ticking off at the project, where it expects to start commercial concentrate production in the second half of 2027.

Boab signed a deal with Sandfire Resources Ltd (ASX: SFR) back in April 2025 to buy the DeGrussa Processing plant, with the deal subject to a number of conditions, including Boab making a final investment decision and gaining regulatory approval for the Sorby Hills mine.

Boab said this week:

On 18 May the Company announced that all conditions precedent to the acquisition had been satisfied and the transaction completed on Friday 22 May 2026. Located in the Meekatharra region of Western Australia, the world-class DeGrussa Copper Mine was built and operated by Sandfire as their flagship project between 2011-2024. The DeGrussa Processing Plant includes a primary crusher, ore storage bin, ball mill, SAG mill, flotation circuit, concentrate and tailings thickeners and an extensive list of new spares all fit-for-purpose for the proposed Sorby Hills process plant flowsheet and sized to achieve the targeted 100ktpa concentrate production rate.

Boab said early engineering works and the ordering of long lead time items had now started for the Sorby project, and "construction teams will be mobilised to the respective sites in the coming weeks''.

Shares looking cheap

Shaw and Partners released a new research note this week on Boab Metals, stating that they had visited the project.

They added:

The early site works are complete, with a key piece of enabling infrastructure, the site-access road, in place. The site camp is under construction and the ground works for the process plant and non-process infrastructure is underway. Early mining activities at the B pit have also commenced where the cover is being removed and used for on-site construction materials. A key take-away from our site visit was the strong support Boab and the Sorby Hills Project are receiving from the local community. Sorby Hills will replace Argyle Diamonds as a key employer in the region.

Shaw said the economics of the project were materially enhanced at the spot silver price compared to the price assumptions used by the company.

Shaw and Partners has a price target of $1.70 on Boab Metals shares, compared with 40 cents currently.

Boab Metals was added to the S&P/ASX All Ordinaries Index (ASX: XAO) at its March 23 rebalance.

The post Looking to 4x your money? Shaw and Partners has tipped this miner for big things appeared first on The Motley Fool Australia.

At the time of writing, the GR Engineering share price is up 5.76% to $5.51.

Earlier today, the stock climbed as high as $5.62, marking a new all-time high.

Some profit-taking has since come through, but it has still been a strong day for shareholders.

GR Engineering shares are now up around 24% in 2026 and 92% over the past year.

The latest move comes as investors react to more contract work across the mining and processing sector.

Here's what was announced.

More work at Laverton

GR Engineering said it has locked in an engineering, procurement and construction contract with Brightstar Resources Ltd (ASX: BTR).

The contract relates to Brightstar's Laverton Processing Plant in Western Australia.

The company was appointed as the preferred contractor for the project on 17 February, and early works and long-lead item procurement have already commenced.

The contract sum is $110 million.

Brightstar also released its own update today, confirming a final investment decision for its Goldfields Project.

The company said construction of the 1.5 million tonne per annum Laverton plant has now been approved.

It also said first gold remains on track for June 2027.

Sorby Hills adds another contract

The Laverton contract was not the only update involving GR Engineering today.

Boab Metals Ltd (ASX: BML) also confirmed that it has executed an EPC contract with GR Engineering for its Sorby Hills silver-lead project.

Sorby Hills is located in the Kimberley region of Western Australia.

The contract covers the disassembly, refurbishment, and relocation of the existing DeGrussa processing plant to Sorby Hills.

Once moved, the plant will be reconstructed and commissioned to suit Boab's requirements.

Boab said the EPC contract has a value of $109 million.

Early engineering works and ordering of long-lead items have started, with construction teams expected to mobilise in the coming weeks.

The company said on-site development at Sorby Hills is ramping up, with commercial concentrate production still on track for the second half of 2027.

Why the new work stands out

The market appears to be rewarding the size and spread of the new work.

GR Engineering has now been linked to about $219 million of EPC contract work across the Laverton and Sorby Hills updates.

That is a decent amount of new work for a business that was worth about $887 million before today's rise.

It also comes during a busy run for the contractor, with recent work tied to the Dayhurst Expansion Project, Tower Hill Project, and Beetalo Basin.

The latest contracts also show GR Engineering is still finding work as miners move projects closer to construction.

The post Record high: This ASX stock is surging on new project wins appeared first on The Motley Fool Australia.

Four ASX shares that are not letting that hold them back today are listed below. Here's why they are rising:

Fisher & Paykel Healthcare Corporation Ltd (ASX: FPH)

The Fisher & Paykel Healthcare share price is up 7% to $29.66. Investors have been buying this medical device company's shares following the release of a strong FY 2026 result. Fisher & Paykel Healthcare reported a 14% increase in total operating revenue to NZ$2.31 billion and a 24% increase in net profit after tax to NZ$469.5 million for FY 2026. The company's CEO, Lewis Gradon, said: "Our Hospital business performed strongly across the portfolio of therapies globally. We were especially encouraged by consumables growth, given it occurred during a period in which hospital admissions for seasonal respiratory illnesses in the United States and other major markets appeared to be subdued compared to the previous year. This suggests that changing clinical practice continues to be a strong growth driver."

GR Engineering Services Ltd (ASX: GNG)

The GR Engineering Services share price is up 5.5% to $5.50. This morning, this engineering services company won an engineering, procurement and construction (EPC) contract from Boab Metals Ltd (ASX: BML). This is in relation to the Sorby Hills Silver-Lead Project, which is located 50 km from Kununurra in Western Australia. The company estimates that the contract is worth $109 million.

Kogan.com Ltd (ASX: KGN)

The Kogan share price is up 16% to $3.99. The catalyst for this has been the release of a trading update from the ecommerce company this morning. For the 10 months ended 30 April, Kogan reported total gross sales growth of 13.2% to $875.6 million and a 25.4% increase in group adjusted EBIT to $26.9 million. This was driven by a strong performance from the core Kogan business and a much-improved performance from the Mighty Ape business. It said: "The Company delivered a Group Adjusted EBITDA margin of 8.6%, towards the upper end of previously provided FY26 guidance, which includes the impact of the turnaround of Mighty Ape. This performance was driven by strong profitability within Kogan.com, which achieved Adjusted EBITDA margin of 11.5%, together with materially improved performance at Mighty Ape in the most recent four months to 30 April 2026."

Wesfarmers Ltd (ASX: WES)

The Wesfarmers share price is up almost 2% to $77.14. This may have been driven by a broker note out of Morgans. It has upgraded the Bunnings owner's shares to an accumulate rating (from trim) with a slightly improved price target of $81.10 (from $80.50). It said: "WES's share price has fallen 9% over the past 12 months and 7% over the past 6 months. The stock is now trading on a more reasonable 26.5x FY27F PE compared to a peak one-year forward multiple of ~37x in August 2025."

The post Why Fisher & Paykel Healthcare, GR Engineering, Kogan, and Wesfarmers shares are pushing higher appeared first on The Motley Fool Australia.

There aren't many silver producers on the ASX, but one soon-to-be producer is worth a look and could deliver strong returns, according to the team at Shaw & Partners.

Transition to producer status

They have run the ruler over Boab Metals Ltd (ASX: BML), which they believe has been a bit overlooked by the market since making a final investment decision (FID) over its Sorby Hills silver and lead project in Western Australia in mid-December.

The company said at the time it had $110 million in equity funding and a $236 million debt facility on hand to fund the construction of the project, and it was aiming to award the mining contract in the second quarter of this year.

The company said at the time:

Boab will provide updates early in the new year on a series of exciting activities across construction and project optimisation. With strong news flow planned throughout 2026, shareholders can expect a clear line of sight on progress as Boab advances its transition to a base and precious metals producer, offering multiple potential value catalysts in the months ahead. First concentrate production is scheduled for H2 2027.

Shaw has run the numbers on Boab and believes it is undervalued at the current share price.

As the Shaw team said in a note to clients this week:

On our modelling, every US$10/oz on the silver price is worth 40 cents per share to the Boab share price and at today's spot silver price of US$80/oz, Boab is worth $1.53 per share. Despite the rally in silver, the Boab share price is only up from 41 cents to 53 cents since FID as the market digests the recent capital raises. This is creating an excellent opportunity for investors looking for silver exposure with heightened liquidity and an under-valued share price.

The Sorby Hills mine is expected to produce 2.2 million ounces of silver per year, and the Shaw team has estimated it will generate about $295 million in cash flow per year.

Shaw's share price target for Boab shares is $1.70, up from $1.08 previously.

Boab shares were changing hands for just 54.5 cents on Tuesday morning. The company was valued at $302.3 million at the close of trade on Monday.

The post This silver stock could triple in 12 months one broker says appeared first on The Motley Fool Australia.

At the time of writing, the silver price is 3.1% higher at US$99.10 per ounce, which is a new record.

Other precious metals are also soaring as investors digest new US data showing GDP growing at its fastest pace in two years.

The gold price rose 0.5% to reach a record US$4,958 per ounce in earlier trading. Gold is up 7.4% this week and 80% year over year.

Platinum is also up 3.3% today to a record US$2,661 per ounce. Platinum has risen 6.9% this week and is up 171% year over year.

Palladium is up 2.1% to $1,969 per ounce, and has lifted 5.2% this week and 98% year over year.

Why is the silver price charging higher?

Trading Economics analysts said investors were reassessing resilient US growth alongside signs that inflation remains contained.

US GDP increased at an annual rate of 4.4% in the third quarter of 2025, according to an updated estimate from the Bureau of Economic Analysis (BEA).

This compares to a second-quarter increase of 3.8% and a first-quarter decline of 0.6%.

The BEA said:

The acceleration in real GDP in the third quarter reflected upturns in investment, exports, and government spending, as well as an acceleration in consumer spending.

Imports decreased less in the third quarter than in the second.

Regarding the impact on the silver price, Trading Economics analysts said:

While the upward revision to Q3 GDP growth to 4.4% reinforced the view that the economy remains strong and reduced the urgency for near term policy easing, recent inflation data signaled steady disinflation rather than renewed overheating, helping stabilize expectations around future policy restraint.

That balance limited downside pressure from growth resilience and allowed silver to recover, even as easing geopolitical rhetoric around Greenland tempered immediate safe haven demand.

The analysts said silver continues to benefit from persistent supply constraints in a fourth consecutive year of global supply deficits.

Silver has increased relevance in the global economy today.

It's a key input in solar panels, tech devices, electric vehicles, and data centres due to its superior electrical conductivity to copper.

Silver was the best-performing metal or mineral of 2025, rising 147% in just 12 months.

Like gold, silver and other precious metals are also seen as investment safe havens when global geopolitics and economics are uncertain.

Let's see what's happening with the few silver miners listed on the ASX today.

ASX silver shares rising strongly

ASX 200 large-cap mining share South32 Ltd (ASX: S32) hit a near three-year high of $4.46 in earlier trading, up 1.4%.

South32 owns the Cannington mine in north-west Queensland, which is one of the world's largest producers of silver and lead.

The South32 share price has since retreated to $4.36, down 0.9%.

Silver Mines Ltd (ASX: SVL) shares are up 5.45% to 23 cents.

The Sun Silver Ltd (ASX: SS1) share price is up 6.05% to $2.28.

Unico Silver Ltd (ASX: USL) shares are up 4.5% to $1.05.

Iltani Resources Ltd (ASX: ILT) shares are up 7% to 70 cents apiece.

Boab Metals Limited (ASX:  BML) shares are up 12.37% to 55 cents.

The Argent Minerals Limited (ASX:  ARD) share price is up 12.4% to 55 cents.

The post ASX silver shares streak higher as silver price nears US$100 appeared first on The Motley Fool Australia.