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Can Coolabah’s $15M Raise Revive Broken Hill Mines’ Zinc Operations?
11:46pm on Monday 2nd of June, 2025 AEST
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Mining
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Can Coolabah’s $15M Raise Revive Broken Hill Mines’ Zinc Operations?
11:46pm on Monday 2nd of June, 2025 AEST
Key Points
Public offer to raise $15-20 million at $0.35 per share
Acquisition of 100% of Broken Hill Mines Pty Ltd (BHM)
Focus on operating and developing Rasp and Pinnacles Mines
JORC-compliant mineral resources – 10.1 Mt at 9.4% ZnEq (Rasp), 6.0 Mt at 10.9% ZnEq (Pinnacles)
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BROKEN HILL MINES (ASX:CBH)
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