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Broken Hill Mines Limited (ASX:BHM)

ALERT: Price-sensitive ASX Announcement for BHM
Current share price for BHM : $0.665 -0.395 (-37.26%)+
Announcement
Release
20 Oct 2025 8:49AM
Price at Release
$1.060
Full Release
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Summary
Broken Hill Mines Limited announced significant progress in its quarterly activities report for the period ending 30 September 2025, marking its first reporting period since relisting on the ASX. The quarter featured strong operational achievements, including record mining and development performances at the Rasp Mine, with significant de-risking of the Main Lode. Exceptional drilling results at both Rasp and Pinnacles Mines revealed high-grade silver-lead-zinc intercepts, supporting future mining expansion plans. Financially, BHM remains robust, with substantial cash reserves and undrawn financing facilities. Planning for an extensive drilling program is underway for 2026 to further bolster growth prospects.
Key Points
  • Broken Hill Mines Limited reported a milestone quarter with significant operational and strategic progress.
  • The company relisted on the ASX in July 2025 with a successful A$20m capital raising.
  • Exceptional drilling results were reported at both Rasp and Pinnacles, highlighting high-grade silver-lead-zinc intercepts.
  • The Rasp Mine transitioned to a multi-source operation with record mining and development performance.
  • A total of 118.5kt ore was mined and 1,157 meters of development was completed.
  • Pinnacles drilling included significant gold and copper credits, with results supporting potential open-pit and underground mining options.
  • BHM holds a strong financial position with A$36.7m cash and US$15m undrawn financing facilities.
  • Significant expansion in drilling activities is planned for 2026 at both Pinnacles and Rasp.
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.