Broken Hill Prospecting Limited (“BPL” or “the Company”) is a mining and exploration company which was established in 1999 by New Talisman Gold Mines Limited (formerly Heritage Gold NZ Limited) and So Co Limited. For a summary of BPL click here.
After a successful Initial Public Offering (IPO) which raised A$4.5million, BPL listed on the ASX and NZSX on 17 February 2011 (ASX/NZSX stock code: BPL and BPLOA). For information about the IPO and pre-IPO please click here.
BPL has been exploring in the Broken Hill region for over 20 years and currently holds exploration licenses and leases in the Thackaringa area, 25km south west of Broken Hill, NSW. Click here for more information about Broken Hill and BPL’s background.
The Company has defined resources at the Pyrite Hill, Railway and Big Hill Cobalt deposits which have combined Inferred Resources of 35.7 million tonnes of 1.85 pounds per tonne cobalt (0.084% Co) with additional Potential for an additional 37-59 million tonnes of between 0.0775-0.084% Co. The Potential is conceptual and more drilling is required to further define it. There is no certainty that this will result in a Mineral Resource. This equates to between 57,800 – 75,700 tonnes of contained cobalt metal. For investment highlights click here.
BPL has an experienced team Board of Directors and Executives who have an impressive track record of mineral discovery and development. For information on our Team click here.
BPL’s largest shareholders are So Co Limited with 39% of issued capital and New Talisman Gold Mines Limited (formerly Heritage Gold NZ Limited) which holds 20%. Click here for details of BPL’s capital structure.