Broken Hill Mines (ASX:BHM): BHM Appendix 4E and 2025 Annual Report

🔍 Uniting two historic mines and unlocking their full potential for Broken Hill


Broken Hill Mines (ASX:BHM)  is pleased to share their 2025 Annual Report.

📌 Highlights Include:

  • Consolidation & ASX relisting: Completed the Broken Hill consolidation (Rasp + Pinnacles path), rebranded to Broken Hill Mines, and securities were reinstated to quotation as “BHM.”

  • Strengthened balance sheet: Year-end cash was $21.84m; the cash-backed environmental bond was replaced, releasing ~$13m; a $20m raise settled on relisting; and a proposed US$25m offtake-linked facility adds flexibility.

  • Operating platform with scale: Rasp generated A$8.3m operating cash in 1H CY2024, is running ~450ktpa with installed capacity up to 750ktpa, and secured new zinc/lead offtakes with Hartree Metals.

  • Governance refresh & aligned incentives: New leadership (Executive Chair Patrick Walta and refreshed board) with performance rights/options tied to tangible milestones: positive operating cashflow over any 3-month period and ≥125kt quarterly throughput at Rasp.

👉 View the full announcement here.