Broken Hill Mines Acquisition & Public Listing Update

Coolabah Metals Limited (Coolabah or the Company, to be renamed Broken Hill Mines Limited, ASX: BHM) is pleased to provide an update in relation to the acquisition of Broken Hill Mines Pty Ltd (BHM) and its recompliance with Chapters 1 and 2 of the ASX Listing Rules (Transaction).

Coolabah has successfully received its Conditional Letter of Admission from the ASX in relation to the Transaction.

This is an important milestone in the listing process, allowing the Company to formally proceed with the issuance of shares under the Recompliance Capital Raise, which successfully raised the maximum amount of $20 million.

The Company is also now able to progress the final items for completion of the Transaction and apply for reinstatement and trading on the ASX.

Trading under the new ASX ticker ‘BHM’ is anticipated to occur on or before 22 July 2025. The Company will notify shareholders once the date of trading is confirmed.

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

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:

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

Broken Hill Mines Acquisition & Public Listing Update

Multiple, very high-grade, shallow silver-lead-zinc drilling intercepts at Pinnacles

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

8.2m @ 763g/t Ag, 13.4% Pb and 1.7% Zn (33.1% ZnEq) from 18m - PN310

11.8m @ 476g/t Ag, 7.4% Pb and 0.7% Zn (19.5% ZnEq) from 3m - PN314

19.4m @ 443g/t Ag, 8.3% Pb and 0.7% Zn (19.3% ZnEq) from 95m - PN306

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

SUSTAINABILITY

Community

Health & Safety

Environment

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:

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:

Broken Hill Mines Acquisition & Public Listing Update

Multiple, very high-grade, shallow silver-lead-zinc drilling intercepts at Pinnacles

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

8.2m @ 763g/t Ag, 13.4% Pb and 1.7% Zn (33.1% ZnEq) from 18m - PN310

11.8m @ 476g/t Ag, 7.4% Pb and 0.7% Zn (19.5% ZnEq) from 3m - PN314

19.4m @ 443g/t Ag, 8.3% Pb and 0.7% Zn (19.3% ZnEq) from 95m - PN306

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

SUSTAINABILITY

Community

Health & Safety

Environment

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:

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:

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