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Coolabah Metals Ltd. ( (AU:BHM) ) has shared an announcement.
Broken Hill Mines Limited has begun early works and operational readiness activities at its Pinnacles silver-lead-zinc Mine, targeting a restart of mining and initial ore deliveries to the Rasp Processing Plant in the June quarter of 2026. Key steps underway include executing mining services and ore haulage contracts, upgrading pit access and site layout, removing redundant infrastructure, completing targeted operational hires, mobilising a second drill rig and progressing metallurgical optimisation test work to refine treatment strategies and maximise recoveries. The company has also launched a substantial 25,000m Phase 2 drilling program aimed at significantly increasing the mineral resource size and grade while continuing to release strong Phase 1 drill results, supporting its plan for near-term open pit production and enhancing the project’s potential contribution to BHM’s future output and cost base.
More about Coolabah Metals Ltd.
Broken Hill Mines Limited is an ASX-listed base and precious metals company focused on silver, lead and zinc, advancing the Pinnacles Mine in New South Wales and processing ore through its nearby operating Rasp Processing Plant. The company holds a 70% operational profit share in the Pinnacles Mine and is pursuing a strategy of capital-efficient growth by integrating new open pit production with existing processing infrastructure.
Average Trading Volume: 1,371,878
Technical Sentiment Signal: Buy
Current Market Cap: A$362.9M
Find detailed analytics on BHM stock on TipRanks’ Stock Analysis page.