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Coolabah Metals Ltd. ( (AU:BHM) ) just unveiled an update.
Broken Hill Mines Limited has commenced mining and processing activities at the Blackwoods ore body of Main Lode, which is rich in silver, lead, and zinc. This development not only enhances the company’s exposure to high silver prices but also provides a secondary high-grade feed source for its Rasp plant, aligning with its strategy to maximize operational capacity. The recent assays from Blackwoods have shown significant mineral content, potentially impacting the company’s revenue positively and strengthening its market position.
More about Coolabah Metals Ltd.
Broken Hill Mines Limited operates in the mining industry, focusing on the extraction and processing of high-grade silver, lead, and zinc ores. The company is strategically positioned to capitalize on the rising silver prices, with operations centered around the Main Lode and Western Mineralisation to fully utilize its processing capacity at the Rasp plant.
Average Trading Volume: 998,461
Technical Sentiment Signal: Buy
Current Market Cap: A$244.5M
Find detailed analytics on BHM stock on TipRanks’ Stock Analysis page.