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Boadicea Resources Ltd (ASX:BOA) is confident its growth trajectory is exponential as it sits on a potential $50 million-plus payday from mining partner IGO Ltd (ASX:IGO), amid several other projects in the premier mining regions of northern Western Australia and northern Queensland. Back in early September 2020, Boadicea executed a conditional asset sale agreement with IGO Newsearch, a wholly-owned subsidiary of IGO, which is one of Australia’s biggest mining companies with a market cap of $5.3 billion. That agreement saw Boadicea farm-out nine of its tenements in Western Australia’s Fraser Range, prospective for nickel, to IGO Newsearch in return for a $5.5 million upfront payment, a $1.5 million investment through BOA shares and, potentially, $50 million.

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