Coolabah Metals to Acquire the Operating Rasp Ag-Pb-Zn Mine & 70% Joint Venture Interest Option in the Pinnacles Ag-Pb-Zn Mine
Strategic consolidation transaction bringing together two of the three mining
companies that control all current Ag-Pb-Zn operations in Broken Hill, one of Australia’s great mining jurisdictions
Highlights
• Acquisition of 100% of issued capital in Broken Hill Mines Pty Ltd (BHM), which is party to:
• Rasp Ag-Pb-Zn Mine Agreement: Acquisition of the Rasp Mine in Broken Hill, NSW from CBH Resources Limited (wholly owned subsidiary of Toho Zinc Ltd)
• Pinnacles Ag-Pb-Zn JV Agreement: Option over a 70% profit sharing interest in the development and operation of the Pinnacles Mine, located 15km from the Rasp Mine
Existing JORC 2012 Mineral Resource (MRE) with Exploration Target upside:
• Rasp MRE: 10.1Mt at 9.4% ZnEq (5.7% Zn, 3.2% Pb and 49g/t Ag)
• Pinnacles MRE: 6.0Mt at 10.9% ZnEq (4.7% Zn, 3.3% Pb, 133g/t Ag & 0.5g/t Au)
- Inc. Perseverance Deposit: 3.5Mt at 12.3% ZnEq (4.5% Zn, 4.1% Pb, 166g/t Ag & 0.5g/t Au)
• Pinnacles Exploration Target: 6.0 - 15.0Mt at 2.0 - 4.0% Zn, 3.0 - 6.0% Pb & 40 - 125g/t Ag
The potential quantity and grade of Exploration Targets are conceptual in nature, there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource.
Company Details
- Founded
- -
- Address
- 216 St Georges Ter, Level 8,australia
- Industry
- Mining
- NAICS
-
Mining (except Oil and Gas)
- Website
- http://www.coolabahmetals.com.au
- Keywords
- Brisbane.
- HQ
- Perth, Western Australia
Coolabah Metals Ltd (Asx:cbh) Questions
Coolabah Metals Ltd (Asx:Cbh)'s website is http://www.coolabahmetals.com.au
Coolabah Metals Ltd (Asx:Cbh)'s LinkedIn profile is https://au.linkedin.com/company/coolabah-metals-limited
Coolabah Metals Ltd (Asx:Cbh)'s industry is
Mining
Coolabah Metals Ltd (Asx:Cbh)'s top competitors are
Rathwood,
Brixton Metals Corp. (Bbb.v | Bbbxf),
Cadoux Limited,
Central Deep Hole Drilling,
Bmc Minerals,
Carter Heavy Haulage & Transport,
Sc Group - Www.scgroup.net.au,
Hellyer Metals,
Locksley Resources Limited,
Broken Hill Mines.
Coolabah Metals Ltd (Asx:Cbh)'s categories are Mining
Coolabah Metals Ltd (Asx:Cbh)'s founding year is 2021
