Broken Hill Ups Pyrite Hill Reserves

14 November 2011

The drilling programme commissioned by Broken Hill earlier this year has paid off for the mineral prospecting company, with the discovery of further cobalt reserves at its Pyrite Hill site in New South Wales. In a statement today, the Australian company which is dual listed in New Zealand and across the Tasman, reported a 55 percent increase in deposits at the site to 16.4 million tonnes, with a concentration of 1.83 pounds per tonne. The drilling study was conducted by Hellman & Schofield.