🔍 Demonstrated track record in acquiring, developing and operating world-class mature-life mines.

Broken Hill Mines is pleased to advise that it has completed long-form documentation with Hartree Metals LLC (Hartree) for a US$25m financing facility and 200,000t of silver-lead concentrate offtake (Offtake Financing Facility), as originally announced to the ASX on 10 March 2025. 

📌 Why It Matters:

This funding will enable the next stage of growth at the Rasp Mine, securing the future of one of Broken Hill’s longest-standing operations. Growth at Rasp means more than just production – it underpins local jobs, supports local businesses and ensures the mine continues to contribute to the strength and resilience of the Broken Hill community.

📌 Key Highlights:

• Broken Hill Mines and Hartree Metals LLC have completed long-form documentation for a US$25m Senior Secured Offtake Financing Facility to fund BHM’s growth plans at Rasp AgPb-Zn Mine and the Pinnacles Ag-Pb-Zn-Cu-Au Mine
  
  
• Offtake Financing Facility key terms include:

- Facility Term: 4 years, including a 12-month principal and interest repayment grace period, before a straight-line repayment structure

- Interest Rate: Secured Overnight Financing Rate plus 3.5%

- Drawdown: Drawdown across three tranches over the first 9 months, with the first drawdown of US$10m received  

• As part of the Offtake Financing Facility, Hartree has agreed to purchase 200,000t of silverlead concentrate from Rasp and Pinnacles on highly competitive market terms
  
  
• The Offtake Financing Facility funds are to be used for growth plans at Rasp Mine operations in addition to advancing development activities for future operations at the Pinnacles Mine 
  
  
• BHM finished the September 2025 quarter with total cash of A$36m (inclusive of first US$10m drawdown of the US$25m Offtake Financing Facility) 

👉 View the full announcement here.