Coolabah Metals Ltd. ( (AU:CBH) ) has issued an update.
Broken Hill Mines Pty Ltd, a subsidiary of Coolabah Metals Ltd., has exercised its option to enter a 70/30 joint venture with Pinnacles Mines Pty Ltd for operations at the Pinnacles Mine in New South Wales. This agreement allows BHM to become the exclusive operator of the mine, with ore being processed at their Rasp Mine facility. The joint venture aims to optimize mining operations and share profits, potentially strengthening BHM’s position in the mining sector.
More about Coolabah Metals Ltd.
Coolabah Metals Ltd., soon to be renamed Broken Hill Mines Limited, operates in the mining industry, focusing on the extraction and processing of minerals. The company is involved in joint ventures to enhance its mining operations and market presence.
Technical Sentiment Signal: Strong Sell
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