Broken Hill Mines Ltd

Broken Hill Mines Limited, formerly Coolabah Metals Ltd, is an Australia-based mineral exploration company. The Company is engaged in silver-lead- zinc (Ag-Pb-Zn) mining activities. The Company operates through two mining operations, which include Rasp Mine and Pinnacle Mine. The Rasp Mine is an operating silver-lead-zinc mine located in Broken Hill, New South Wales. The mine hosts a mineral resource estimate of 10.1Mt at 9.4% ZnEq (5.7% Zn, 3.2% Pb and 49g/t Ag) (Rasp MRE). The Pinnacles Mine, located approximately15-kilometers (km) south-west of the Broken Hill township, is considered to contain one of the highest grade and shallowest known deposits in Broken Hill. The Pinnacles Deposit is relatively undeveloped, with only small-scale historical mining targeting the rich Galena (lead ore) lodes. The Pinnacles Mine hosts a current Mineral Resource estimate of approximately 6.0Mt at 10.9% ZnEq.