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Broken Hill Mines Limited (ASX:BHM)

ALERT: Price-sensitive ASX Announcement for BHM
Current share price for BHM : $0.715 -0.345 (-32.55%)+
Announcement
Release
22 Oct 2025 9:11AM
Price at Release
$1.060
Full Release
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Summary
Broken Hill Mines Limited (BHM) announced a successful capital raising effort, securing A$38.5 million through a placement of shares at A$1.00 each. This capital raising aims to fuel the company's growth strategy focusing on the Rasp and Pinnacles projects. The funds will be used to accelerate resource expansion and development efforts, including a 17,000-meter drilling program at Rasp and a 25,000-meter program at Pinnacles. BHM will also develop an open pit at Pinnacles and enhance capacity at the Rasp plant by establishing a tailings dewatering facility. The placement received strong interest from both domestic and international institutional investors.
Key Points
  • BHM raised A$38.5 million through a share placement.
  • Placement price set at A$1.00 per share, a discount to recent trading values.
  • Funds to accelerate Rasp resource expansion with a 17,000m drilling program.
  • Expansion of Pinnacles exploration with a 25,000m drilling program.
  • Fast-tracking Pinnacles open pit development.
  • Enhancing Rasp plant capacity with a tailings dewatering facility.
  • Strong investor interest from domestic and international institutions.
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.