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Broken Hill Mines Limited (ASX:BHM)

ALERT: Price-sensitive ASX Announcement for BHM
Current share price for BHM : $0.725 -0.05 (-6.45%)+
Announcement
Release
10 Aug 2026 8:39AM
Price at Release
$0.775
Full Release
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Summary
Broken Hill Mines Limited (BHM) has reported significant high-grade mineralization results from its drilling operations at the Pinnacles Mine. The mine, located approximately 15km southwest of the main Broken Hill Lode, is a rich silver and base metal deposit. Recent drilling has delivered multiple high-grade intercepts, reinforcing the value of the ore body and supporting ongoing open pit mining operations. The operations are strategically significant given the current favorable market conditions with increased metal prices. BHM's Phase 2 drilling program, which aims to update the Mineral Resource Estimate (MRE) by the end of 2026, is progressing well. Approximately 31,000 meters of drilling have yet to be incorporated into the MRE calculations. The mine's operations are governed by a joint venture agreement, with ore processed at BHM's Rasp Mine processing plant.
Key Points
  • High-grade Ag-Pb-Zn-Cu-Au mineralization at Pinnacles Mine.
  • Strategic significance due to rising metal prices.
  • Phase 2 drilling program aimed at MRE update by end of 2026.
  • 31,000 meters of drilling still to be included in MRE.
  • Operations supported by joint venture agreement with ore processed at Rasp Mine.
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.