Broken Hill bags remnant gold ahead of SA mine restart

Recent drilling by Broken Hill beneath its oxide resources in the project’s north has uncovered fresh, new copper-gold sulphide discoveries at depth, including a recent standout 28-metre hit at its Icebreaker prospect, running 2.4g/t gold and 0.7 per cent copper from 93m, with the emerging sulphide system remaining open at depth and along strike.

Having recently spun out its Queensland gold and antimony assets to focus exclusively on White Dam, Broken Hill is running a two-pronged game - squeeze near-term cash from its existing infrastructure and oxide ore while using the proceeds to chase the potentially much bigger sulphide prize lurking below.

As fresh ore moves onto the horizon, the company has also completed the design of a major heap leach pad expansion, which is now ready to go to tender. The two-phase expansion is designed to add a further 3.5 million tonnes of leaching capacity. The first phase will deliver 2.4Mt of capacity, with the second adding another 1.1Mt.

With cash flowing from the latest pour, a clear pathway to restart and the drills already turning to collect final samples for the PFS, the company is rapidly positioning White Dam as a seamless self-funding project with serious upside.

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