Barclay Pearce Capital
- Sep 1, 2025
- 1 min read
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.
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