** Shares of Boab Metals rise as much as 9.9% to A$0.095, their highest level since Sept. 13

** Diversified miner says executed an option agreement with JV partner Henan Yuguang Gold & Lead to acquire a 25% interest in the Sorby Hills lead-silver-zinc project in Western Australia

** BML to secure 100% interest in project if option is exercised over the next 12 months

** Co will pay Henan Yuguang aggregate consideration of A$23 mln ($15.70 mln) in three tranches

** Exercise of option subject to BML reaching a final investment decision on the project within the next 12 months

** Stock down 43.64% YTD, including current session's moves

($1 = 1.4648 Australian dollars)

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))