Coolabah Metals Embarks on Major Mining Acquisition

Coolabah Metals Ltd. (AU:CBH) has released an update.

Coolabah Metals Ltd. is set to make a transformative acquisition of Broken Hill Mines Pty Ltd, securing the Rasp Mine and a 70% profit share option in the Pinnacles Mine, both significant Ag-Pb-Zn operations in Broken Hill, NSW. This strategic move consolidates key mining assets and includes a planned name change to ‘Broken Hill Mines Limited.’ The company anticipates strengthened cash flow and operational synergies, positioning itself as a major player in Australian metal production.

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