Consolidating one of Australia's great mining jurisdictions
Exceptional Silver-Lead-Zinc Intercepts at Pinnacles
8.9m @ 920g/t Ag, 12.2% Pb and 1.3% Zn (36.3% ZnEq) from 11m - PN311
- Incl. 5.9m @ 1,350 g/t Ag, 17.4% Pb, 1.9% Zn (52.8% ZnEq) from 14m
8.2m @ 763g/t Ag, 13.4% Pb and 1.7% Zn (33.1% ZnEq) from 18m - PN310
- Incl. 3.0m @ 1,245 g/t Ag, 24.1% Pb, 0.5% Zn (53.5% ZnEq) from 18m
11.8m @ 476g/t Ag, 7.4% Pb and 0.7% Zn (19.5% ZnEq) from 3m - PN314
- Incl. 0.5m @ 2,380 g/t Ag, 27.3% Pb, 0.3% Zn (87.6% ZnEq) from 14m
- Incl. 1.0m @ 1,675 g/t Ag, 25.0% Pb, 0.2% Zn (65.9% ZnEq) from 10m
19.4m @ 443g/t Ag, 8.3% Pb and 0.7% Zn (19.3% ZnEq) from 95m - PN306
- Incl. 13.0m @ 558 g/t Ag, 10.3% Pb, 0.4% Zn (23.7% ZnEq) from 98m
4.0m @ 536g/t Ag, 9.9% Pb and 2.0% Zn (24.5% ZnEq) from 60m - PN302
5.0m @ 79g/t Ag, 2.3% Pb and 18.6% Zn (22.6% ZnEq) from 17m - PN313
5.0m @ 54g/t Ag, 1.6% Pb and 18.6% Zn (21.3% ZnEq) from 18m - PN313-A
5.2m @ 278g/t Ag, 5.4% Pb and 1.6% Zn (13.4% ZnEq) from 200m - PN325
12.0m @ 36g/t Ag, 0.7% Pb and 10.0% Zn (11.5% ZnEq) from 233m - PN325
6.0m @ 37g/t Ag, 1.0% Pb and 9.2% Zn (11.1% ZnEq) from 30m - PN311
10.9m @ 29g/t Ag, 0.7% Pb and 9.0% Zn (10.4% ZnEq) from 21m - PN314
Multiple, very high-grade, shallow silver-lead-zinc drilling intercepts at Pinnacles
Acquisition of 100% of issued capital in Broken Hill Mines Pty Ltd (BHM), which is party to:
Acquisition of 100% of issued capital in Broken Hill Mines Pty Ltd (BHM), which is party to:
Acquisition of 100% of issued capital in Broken Hill Mines Pty Ltd (BHM), which is party to:
- Rasp Ag-Pb-Zn Mine Agreement: Acquisition of the Rasp Mine in Broken Hill, NSW from CBH Resources Limited (wholly owned subsidiary of Toho Zinc Ltd)
- Pinnacles Ag-Pb-Zn JV Agreement: Option over a 70% profit sharing interest in the development and operation of the Pinnacles Mine, located 15km from the Rasp Mine
Existing JORC 2012 Mineral Resource (MRE) with Exploration Target upside:
Acquisition of 100% of issued capital in Broken Hill Mines Pty Ltd (BHM), which is party to:
Acquisition of 100% of issued capital in Broken Hill Mines Pty Ltd (BHM), which is party to:
- Rasp MRE: 10.1Mt at 9.4% ZnEq (5.7% Zn, 3.2% Pb and 49g/t Ag)
- Pinnacles MRE: 6.0Mt at 10.9% ZnEq (4.7% Zn, 3.3% Pb, 133g/t Ag & 0.5g/t Au) - Inc. Perseverance Deposit: 3.5Mt at 12.3% ZnEq (4.5% Zn, 4.1% Pb, 166g/t Ag & 0.5g/t Au)
- Pinnacles Exploration Target : 6.0 - 15.0Mt at 2.0 - 4.0% Zn, 3.0 - 6.0% Pb & 40 - 125g/t Ag
Rasp Mine Currently Operational & Pinnacles Mine on C&M:
Rasp Mine Currently Operational & Pinnacles Mine on C&M:
Rasp Mine Currently Operational & Pinnacles Mine on C&M:
- Strategy to consolidate operational Rasp infrastructure with Pinnacles mineral resource base
- Rasp Mine net cashflow from current operations 1H CY2024 A$8.3 million
- Rasp current throughput ~ 400,000tpa, with plant design capacity 750,000tpa
- Rasp has been a consistent producer of low impurity zinc and lead-silver concentrates since 2012, with established concentrate logistics supply chain to domestic and international smelters
- Concentrate Offtakes: BHM has secured new offtake agreements for zinc inc. US$5.3 million (~A$8.0 million) financing (committed) & lead inc. US$10 million (~A$15 million) financing (conditional)
Transformational Transaction for Coolabah Metals:
Rasp Mine Currently Operational & Pinnacles Mine on C&M:
Rasp Mine Currently Operational & Pinnacles Mine on C&M:
- New Team: Coolabah Board & management changes, adding significant operational and commercial experience in base metals operations, inc: Patrick Walta (proposed Executive Chairman), Mark Hine (proposed NED), Brent Walsh (proposed NED), Steve Woodham (current Chair transitioning to NED)
- Strong Cash Position: Coolabah to hold cash and committed undrawn financing estimated between A$16.5 million to A$17.5 million (excludes ~A$15 million in conditional lead offtake financing)
- Environmental Bonding: Coolabah to also hold A$16.9 million in restricted cash via fully cash backed environmental bonds in place for Rasp
- Proposed Coolabah name change to ‘Broken Hill Mines Limited’ & ASX Chapters 1 & 2 re-compliance
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