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Coolabah Metals Ltd. ( (AU:BHM) ) has provided an update.
Broken Hill Mines Limited has published an updated table of its New South Wales tenement interests following a request from the ASX and a recent joint announcement with Kingfisher Mining. The portfolio centres on the Rasp project, where the company holds 100% ownership of key licences and a sublease over one mining lease extending in some cases to 2047, consolidating its long-term production and exploration footprint.
The update also details a series of joint venture and profit-sharing arrangements, notably a binding Heads of Agreement that makes BHM the exclusive operator of the Pinnacles Mine with a roughly 70/30 net smelter return split. Additional exploration licences and applications at projects such as Aragon, Native Dog, Stirling Vale, Clevedale, Copper Blow, Wilyama and Coolabah underscore BHM’s strategy to strengthen its resource base in the Broken Hill region and provide greater transparency to investors on its tenure position.
More about Coolabah Metals Ltd.
Broken Hill Mines Limited is an Australian mining company focused on base and precious metals projects in New South Wales, including its flagship Rasp operation and associated exploration licences. The group also holds joint venture and profit-sharing interests across several regional tenements, positioning it as a significant participant in the broader Broken Hill mining district.
Average Trading Volume: 1,645,976
Technical Sentiment Signal: Buy
Current Market Cap: A$264.6M
Learn more about BHM stock on TipRanks’ Stock Analysis page.