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Broken Hill Mines Limited (ASX:BHM)

ALERT: Price-sensitive ASX Announcement for BHM
Current share price for BHM : $0.625 -0.665 (-51.55%)+
Announcement
Release
29 Jan 2026 9:20AM
Price at Release
$1.290
Full Release
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Summary
The quarterly activities report by Broken Hill Mines Ltd for the quarter ending December 2025 highlighted significant progress in both exploration and development activities. The company intensified its drilling programs at the Pinnacles and Rasp mines, resulting in substantial high-grade polymetallic intercepts. The updated MRE is planned for mid-2026, assisting in both open-pit and underground mining optimization studies. Financially, the company reported strong sales revenue alongside robust cash flow management. A strategic appointment was made to bolster geology capabilities and support future mining operations.
Key Points
  • BHM continued to compile and digitize historical data for an updated Mineral Resource Estimate (MRE) planned for 2026.
  • Drilling activities at Pinnacles completed about 8,500m, targeting open pit expansion and other areas.
  • Significant high-grade polymetallic intercepts reported from FY26 drilling program.
  • Rasp Mine drilling for the quarter resulted in approximately 9,000m completed with high-grade silver assays.
  • Financial metrics indicated strong sales revenue and operational activities.
  • Appointment of new Geology Manager to enhance resource and development strategies.
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.