The 296th Sydney Mining Club – Lunchtime Event
at 12.15 pm on 6 February 2025 at the Ivy Ballroom

Rasp & Pinnacles Mines: Consolidating One of Australia’s Great Mining Provinces – Broken Hill is Back Under an ASX Flag

At 12:15pm on the 6th of February, the Sydney Mining Club with host the executive chairman of Broken Hill Mines, Patrick Walta at the Ivy.

Broken Hill’s mighty ‘Line of Lode’ has been a foundational building block of Australia and part of our folk lore ever since boundary rider Charles Rasp stepped his horse in 1883 and picked up what he thought was a dense lump of tin ore.

141 years on ‘The Hill’ rides again and coming back into the Australian hands of newcomer Broken Hill Mines (BHM) after purchasing the legendary Rasp mine from Japanese giant Toho.

Rasp has a resource of 10.1 million tonnes at 5.7% zinc, 3.2% lead and 48.5 grams per tonne silver, or 9.4% zinc equivalent.

BHM has also entered into a 70/30 profit share JV over the prospective Pinnacles mine 15km down the road to add a further Resource of 6Mt at 4.7% zinc, 3.3% lead, 133g/t silver and 0.5g/t gold, or 10.9% Zn Eq.

Significant resource growth is anticipated at both mines in the coming years.

It’s the first time any company has consolidated two out of three of Broken Hill’s operating mines, and ASX investors will have the chance to participate. BHM lists on the ASX in early 2025 through a reverse takeover of Coolabah Metals. The company is expected to have around $39.5 million of cash and undrawn facilities.

The Hill has given the world BHP, the bones of Rio and a swath of other mining companies over its many decades. This new development makes history upon history, and has Broken Hill (nicknamed ‘the Silver City’) abuzz. Not one to be missed!

Not to be missed!