Broken Hill Gold adds two historic goldfields near White Dam

Two Exploration Licences Double White Dam Tenure

Broken Hill Gold Ltd (ASX:BH6) has doubled the exploration footprint around its White Dam project after winning tenders for two South Australian exploration licence applications covering a combined 751 square kilometres. The additional ground takes the company’s regional tenure to more than 1,500 square kilometres, positioning the new blocks as a substantial extension of its White Dam exploration strategy rather than a minor landholding addition.

The applications sit 50 to 80 kilometres west of the White Dam mine and operations base in South Australia’s Curnamona Province. They cover the Manna Hill and Waukaringa goldfields, along with several smaller gold and base-metals prospects. The company says the locations could eventually provide oxide or sulphide ore feed to White Dam, although that remains a prospect to be tested rather than an established development outcome.

Historic Production Offers a Starting Point, Not a Resource

Manna Hill extends across roughly seven kilometres of historical workings and recorded shallow underground production of about 3,400 ounces at 18 grams per tonne of gold, with workings reaching depths of up to 100 metres. Waukaringa has around five kilometres of historical workings and recorded approximately 45,000 ounces at 23 grams per tonne from shallow underground mines, with workings reaching up to 48 metres. Both production records date from the late 1890s.

Those figures are useful geological signposts, but they are not current mineral resources or reserves. Broken Hill Gold says the areas have seen exploration from the 1950s to 2015, including sampling, geophysics and drilling, yet modern drilling appears limited on the main goldfields since the 1990s. The investment case now turns on whether contemporary mapping, geophysics and drilling can convert historical workings into coherent targets under modern standards.

Data Review and Permitting Set the Immediate Work Programme

The company plans to begin compiling and reviewing historical exploration and geophysical data in October. Field mapping, sampling and geophysical work is expected to follow in the fourth quarter of 2026, subject to heritage agreements and environmental permitting, with drilling targeted for the first quarter of 2027. This makes the formal grant of the licences and the clearance process the next practical gates before the new ground can move from portfolio expansion to active exploration.

At White Dam itself, RC and diamond drilling continues at the Vertigo deposit to test down-dip potential. Both rigs are scheduled to move to Icebreaker in October to investigate a newly identified gold-copper sulphide zone, while completed IP and magnetic surveys at Icebreaker and Rolling are being processed. The company then plans to focus geophysics on near-mine prospects including Mary Mine and Green & Gold, with heritage surveys also planned for Wilkins and Wadnaminga.

The Value Test Moves to Modern Drilling

Managing Director Matthew Boyes described the successful tenders as a step towards building a larger gold hub around White Dam, pointing to the new blocks’ historical production and lack of recent exploration. The announcement also links the regional acquisition with the company’s planned 2027 mining restart and its continuing work on White Dam’s oxide and sulphide targets.

For shareholders, the appeal is clear but still unproven: a larger exploration pipeline close to existing operations, backed by historical evidence of high-grade mining. The harder question is whether the old workings translate into economically meaningful mineralisation at depth and across strike. Results from the initial data review, permitting progress and the first 2027 drilling campaign will be more consequential than the acreage headline.