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Coolabah Metals Ltd. ( (AU:BHM) ) just unveiled an update.
Broken Hill Mines has reported further thick, high-grade, near-surface silver-lead-zinc intercepts from Phase 1 drilling at its Pinnacles Mine, including 9.2 metres at 545 grams per tonne silver equivalent from just 12 metres depth, alongside broad zones of overprinting gold and copper mineralisation. With assays from 16 additional holes reinforcing the resource potential and Phase 2’s 25,000-metre program now underway, the company is moving to fast-track open-pit mining at Pinnacles to supply ore to its Rasp processing plant from the June quarter of 2026, while an updated mineral resource estimate is planned for mid-2026 to support mine planning and potential expansion options.
More about Coolabah Metals Ltd.
Broken Hill Mines Limited is an ASX-listed resources company focused on silver, lead, zinc and associated gold and copper mineralisation in the Broken Hill region of New South Wales. The company operates the Rasp Mine and processing plant and is advancing the nearby Pinnacles Mine as a source of high-grade ore for near-term open-pit and potential underground operations.
Average Trading Volume: 1,422,403
Technical Sentiment Signal: Buy
Current Market Cap: A$364.5M
For detailed information about BHM stock, go to TipRanks’ Stock Analysis page.