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Broken Hill Mines Limited (ASX:BHM)

ALERT: Price-sensitive ASX Announcement for BHM
Current share price for BHM : $0.665 -0.315 (-32.14%)+
Announcement
Release
14 Oct 2025 9:14AM
Price at Release
$0.980
Full Release
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Summary
Broken Hill Mines Limited (BHM) has reported exceptional silver-lead-zinc intercepts from drilling at the Pinnacles Mine, including remarkable grades up to 1,562g/t AgEq and 56.4% ZnEq. The ongoing phase 1 drilling program aims to assess the potential for near-term open-pit operations, complementing the company's strategy to process high-grade ore at the nearby Rasp Mine, located approximately 15km away. Significant findings have been identified in the Junction and Rope Shaft areas, with further assays pending. The drilling has also revealed substantial zones of shallow gold and copper mineralisation, indicating unquantified potential for future resource expansion. The updated Mineral Resource Estimate for Pinnacles is targeted for the first half of 2026, which will support decisions regarding open-pit mining.
Key Points
  • Exceptional silver-lead-zinc intercepts at Pinnacles Mine.
  • Grades up to 1,562g/t AgEq and 56.4% ZnEq reported.
  • Phase 1 drilling program aims for near-term open-pit assessment.
  • Ore to be processed at Rasp Mine, about 15km away.
  • Significant findings in Junction and Rope Shaft areas.
  • Substantial zones of shallow gold and copper mineralisation.
  • Updated Mineral Resource Estimate expected in first half of 2026.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.