ASX:BHM

Broken Hill Mines Withdraws AU$5 Million Share Purchase Plan

Broken Hill Mines (ASX:BHM) withdrew its AU$5 million share purchase plan (SPP), citing low participation from eligible shareholders amid challenging market conditions, according to an Australian bourse filing on Wednesday after market hours.The company said all monies received under the SPP applications will be refunded in full, without interest.The board has consequently withdrawn the resolution on issuing SPP shortfall shares from the Oct. 12 extraordinary general meeting agenda while confirming all other resolutions and previously submitted proxies remain valid, per the filing.

Broken Hill Mines Opens Share Purchase Plan Offer, Targeting AU$5 Million

Broken Hill Mines (ASX:BHM) said its share purchase plan (SPP) offer opened on Friday and is expected to close on Sept. 16, with the company targeting to raise up to about AU$5 million, according to a Friday Australian bourse filing.The company previously disclosed that eligible shareholders in Australia and New Zealand can acquire up to AU$30,000 worth of ordinary shares without paying brokerage costs, commission or other transaction costs, with funds to be applied to the Centenary production decline, accelerated resource drilling and infrastructure upgrades and Pinnacles production growth and resource drilling, the filing said.

Broken Hill Mines Identifies Silver, Zinc, Lead Mineralization at Rasp Mine in NSW Project, Shares Up 12%

Broken Hill Mines (ASX:BHM) identified silver, zinc and lead mineralization within the Centenary Zone of its Rasp Mine in New South Wales, according to a Monday Australian bourse filing.The results were up to 17.8 meters at 10.1% zinc equivalent and 280 grams per tonne silver equivalent, comprising 83 grams per tonne silver, 4% lead, 3.8% zinc and 0.1% copper from 420 meters, identified outside the mineral resource estimate and joining up the entire approximately 1,600-meter strike of the Centenary Zone, the filing added.Further assay results are expected in the coming weeks, it added.The company's shares rose 12% in recent Monday trade.

Broken Hill Mines Says Drilling at New South Wales Mine Intersects Mineralized Zone of High-Grade Silver-Lead-Zinc

Broken Hill Mines (ASX:BHM) said targeted drilling below the Globe-Vauxhall shear at the Rasp mine in New South Wales intersected a 40-meter-wide mineralized zone of high-grade silver-lead-zinc, according to a Thursday Australian bourse filing.It encountered intercepts of 25.8 meters at 11.7% zinc-equivalent and 323 grams per tonne grade of silver-equivalent, including 39 g/t grade of silver, 2.3% lead, 7.9% zinc, 0.2% copper, and 0.1 g/t grade of gold, from 415.1 meters.The intercept is around 500% wider and 27% higher grade in the location compared to the Centenary zone's 2024 mineral resource estimate. Additional drilling is underway into the zone to confirm the discovery.Its shares rose 1% in recent trading on Thursday.

Peloton Capital Starts Broken Hill Mines at Speculative Buy with AU$1.10

Broken Hill Mines Restarts Mining Activities at New South Wales Silver-Lead-Zinc Mine

Broken Hill Mines (ASX:BHM) restarted mining activities at the Pinnacles silver-lead-zinc mine in New South Wales, with open pit activity underway and drilling, blasting, and truck/shovel operations beginning, according to a Wednesday Australian bourse filing.Up to 50,000 tonnes of high-grade ore were identified in the base of the existing pit, where mining was stopped due to logistical constraints of the COVID-19 pandemic. The firm is planning to expand the open pit into the Consols South, Fishers, Rope Shaft, and Junction areas.First ore expected to be transported 15 kilometers to the Rasp processing plant in the June quarter. The restart forms part of the firm's strategy of a progressive ramp to full capacity of its 750,000-tonnes-per-annum processing plant.

Clean TeQ Water Secures Design and Construct Contract For Broken Hill's New South Wales Mine

Clean TeQ Water (ASX:CNQ) secured a contract from Broken Hill Operations, a wholly-owned unit of Broken Hill Mines (ASX:BHM), for a new ATA tailings dewatering plant at the Rasp mine in New South Wales, according to a Friday Australian bourse filing.The plant forms part of Broken Hill Operations' ramp-up of its Rasp mine to a 750,000-tonnes-per-annum nameplate production rate, with practical completion of the dewatering plant targeted for the first half of 2027.Clean TeQ and Broken Hill Operations are also finalizing a long-term polymer supply agreement for the supply of ATA reagents and licensing of ATA technology to the mine.Clean TeQ's shares fell 1% in recent trading on Friday.

Kingfisher Mining Restarts Drilling at New South Wales Copper-Gold Project

Kingfisher Mining (ASX:KFM) recommenced drilling at its Copper Blow copper-gold project in New South Wales with the mobilization of a reverse circulation drilling rig, according to a Monday filing with the Australian bourse.The drilling was due to start earlier this year but was delayed due to weather, access constraints, and the timing of regulatory approvals, the company said, adding that these issues have now been resolved.The work will support future development studies under a mining and processing agreement with Broken Hill Mines (ASX:BHM), per the filing.Broken Hill Mines' shares shed about 1% in recent Monday trade.