InvestSMART

Broken Hill Mines Limited (ASX:BHM)

ALERT: Price-sensitive ASX Announcement for BHM
Current share price for BHM : $0.760 0.15 (24.59%)+
Announcement
Release
1 Jul 2026 10:26AM
Price at Release
$0.610
Full Release
download
Summary
Broken Hill Mines Limited (BHM) announced the successful restart of mining operations at the Edwards Open Pit within the Pinnacles Mine, marking the first production of silver-lead-zinc ore since 2021. This initiative aims to optimize the use of BHM's Rasp Processing Plant by adding a third high-grade bulk ore source. The operations at Pinnacles Mine are part of BHM’s strategy to expand ore feed sources, enhancing plant utilization and derisking the company's position. The company plans further development, including assessing high-grade underground mining at Pinnacles and expanding the open pit. The Pinnacles Mine, located 15km from the Rasp Mill, operates under a joint venture where BHM manages mining operations, sharing profits with Pinnacles. The restart represents a significant milestone in BHM’s efforts to leverage local ore sources and improve operational efficiencies.
Key Points
  • Restart of Edwards Open Pit at Pinnacles Mine.
  • First ore production since 2021 delivered for processing.
  • Significant step in utilizing Rasp Processing Plant's capacity.
  • Pinnacles ore provides third high-grade bulk ore source.
  • Further development of underground operations at Pinnacles is planned.
  • Joint venture with profit sharing arrangement.
  • Strategic focus on expanding ore feed sources for plant efficiency.
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.