Image source: © 2025 Krish Capital Pty. Ltd.

Highlights:

  • BHM resumes trading on the ASX following successful public listing process
  • Broken Hill Mines begins 4,000m FY26 drilling program at Pinnacles Mine
  • BHM reports pending assays and follows up on March's high-grade Ag-Pb-Zn results

Broken Hill Mines Limited (ASX:BHM) has resumed trading on the Australian Securities Exchange following the completion of its public listing requirements. Trading in BHM shares recommenced at 10:00 AM AEST on Monday, 21 July 2025, marking the company’s return to the market after completing its compliance obligations. The company is focused on the exploration and development of the Pinnacles Mine, located within a granted Mining Lease. As part of its FY26 work program, Broken Hill Mines has commenced a new round of drilling operations targeting both resource expansion and grade improvement. The current Mineral Resource Estimate (MRE) for Pinnacles stands at 6.0 million tonnes at 10.9% zinc equivalent (ZnEq). This includes grades of 133g/t silver, 3.3% lead, 4.7% zinc, and 0.5g/t gold.

The FY26 program includes an initial 4,000 metres of drilling, expected to be completed in the second half of calendar year 2025. These activities are being carried out within the bounds of the existing lease at Pinnacles. In addition to the new drilling, the company has around 3,000 metres of drill core from earlier campaigns currently being processed. Logging and assaying of this core is underway, with initial results anticipated within the next four to six weeks, subject to laboratory turnaround times.

This latest campaign follows a set of high-grade assay results from previous drilling efforts released on 31 March 2025. Among the most notable intercepts were:

  • 8.9 metres at 920g/t silver, 12.2% lead, and 1.3% zinc (36.3% ZnEq) from 11m depth in hole PN311, including a high-grade zone of 5.9 metres at 1,350g/t silver, 17.4% lead, and 1.9% zinc (52.8% ZnEq) from 14m.
  • 8.2 metres at 763g/t silver, 13.4% lead, and 1.7% zinc (33.1% ZnEq) from 18m in hole PN310, with a sub-interval of 3.0 metres at 1,245g/t silver, 24.1% lead, and 0.5% zinc (53.5% ZnEq).
  • 11.8 metres at 476g/t silver, 7.4% lead, and 0.7% zinc (19.5% ZnEq) from 3m in hole PN314, including peak grades such as 0.5 metres at 2,380g/t silver, 27.3% lead and 1.0 metre at 1,675g/t silver, 25.0% lead.

Additional drill intercepts from the same dataset included:

  • 19.4m @ 443g/t Ag, 8.3% Pb, 0.7% Zn (19.3% ZnEq) from 95m – PN306
  • 5.0m @ 79g/t Ag, 2.3% Pb, 18.6% Zn (22.6% ZnEq) from 17m – PN313
  • 5.2m @ 278g/t Ag, 5.4% Pb, 1.6% Zn (13.4% ZnEq) from 200m – PN325

The company stated that the current program has been designed to test for extensions of known mineralisation and assess the potential to enhance the scale and grade profile of the existing resource. Broken Hill Mines Limited is focused on base and precious metals exploration in the historic Broken Hill region of New South Wales. The Pinnacles Mine is the company’s flagship asset, targeting silver (Ag), lead (Pb), zinc (Zn), and gold (Au) mineralisation.

BHM is trading at 571% higher at AUD 0.47 per share as on 21 July 2025.