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Coolabah Metals Ltd. ( (AU:BHM) ) has issued an update.
Broken Hill Mines Limited has completed the underground development to access the high-grade Main Lode ore body, with plans to begin ore extraction by November 2025. This development is significant as it will provide a new high-grade feed source to supplement the existing supply from the Western Mineralisation ore body, enhancing the company’s operational capacity at the Rasp Mine. The recent drilling results from the Blackwoods and British deposits of Main Lode have shown exceptional metal equivalent grades, indicating a promising future for the company’s mining operations and potential positive implications for stakeholders.
More about Coolabah Metals Ltd.
Broken Hill Mines Limited operates in the mining industry, focusing on the extraction and processing of silver, lead, and zinc. The company is known for its operations at the Rasp Mine, where it utilizes a 750,000 tons per annum capacity processing plant. Its market focus includes the development of high-grade ore bodies such as the Main Lode and Pinnacles to enhance its ore supply.
Average Trading Volume: 923,858
Technical Sentiment Signal: Buy
Current Market Cap: A$182.7M
See more data about BHM stock on TipRanks’ Stock Analysis page.