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Broken Hill Mines Limited (ASX:BHM)

ALERT: Price-sensitive ASX Announcement for BHM
Current share price for BHM : $0.605 -0.545 (-47.39%)+
Announcement
Release
20 Jan 2026 9:13AM
Price at Release
$1.150
Full Release
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Summary
Broken Hill Mines Limited (BHM) has initiated early works and operational readiness activities at the Pinnacles silver-lead-zinc Mine, aiming for mining operations to commence in the June Quarter of 2026. The company has executed contracts for mining and ore haulage services, ensuring capacity for ore movement to the Rasp Processing Plant. Surface works are ongoing to enhance pit access, relocate site offices, and clear obsolete infrastructure, aiming to streamline operations and enhance safety. The company has mobilized a second drilling rig to facilitate concurrent geotechnical, metallurgical, and mine planning infill drilling while continuing resource expansion. BHM holds a 70% operational profit share in Pinnacles and is working on integrating Pinnacles operations with the Rasp Mine for a cost-effective restart. Additionally, BHM's Phase 2 drilling program targets resource growth, following productive results from Phase 1, to support the transition to open pit operations, supplying high-grade ore to the Rasp processing plant located approximately 15km away.
Key Points
  • Initiation of early works and operational readiness at Pinnacles Mine.
  • Mining operations at Pinnacles are scheduled to start in the June Quarter 2026.
  • Contracts for mining services and ore haulage have been executed.
  • Surface works are in progress to improve site layout and safety.
  • A second drilling rig has been deployed to enhance drilling productivity.
  • BHM holds a 70% profit share in Pinnacles operations.
  • Phase 2 drilling program aims to increase resource size and grade.
  • Integration with Rasp Mine is intended for a cost-effective restart.
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.