Broken Hill Prospecting Ltd.: Quarterly Activities and Cash Flow Reports September 2017
01.11.2017 | ABN Newswire
Sydney - Broken Hill Prospecting Ltd. (ASX:BPL) provides the Company's Quarterly Activities and Cash Flow Reports September 2017.Highlights - Extensive Expansion Plans Underway
Corporate
- Strategy of becoming a significant heavy mineral sands (HMS) producer in the world class Murray Basin is advancing well with new acquisitions
- Strong cash position of $3.3 million at 30 September 2017 and no debt
- BPL is positioned for both organic and acquisition-based growth and new project assessment is ongoing
Projects
Murray Basin Heavy Mineral Sands Project
- BPL now holds the largest tenement portfolio in the world class Murray Basin
- Focus on high-grade, low-tonnage shallow deposits with high value mineral assemblage
- Development via low capex and low opex mobile, modular mining technology with extensive IP with leading edge Industry groups
- Market confidence remains high with sustained Titanium pigment and Zircon price increases in past 12 months
Thackaringa Cobalt Project, NSW
Base & Precious Metals
- Major geophysical survey completed at end of the quarter with assessment of initial results underway
- Major mapping/sampling program is planned for early November to target multiple base and precious metal prospects
Cobalt Blue Joint Venture
- Pre-feasibility studies advancing well
- Major drilling program commenced with four drill rigs onsite to complete 84 holes for 13,500m
- Joint venture terms modified to reflect best project delivery requirements
To view the full report, please visit:
http://abnnewswire.net/lnk/YQ032DN3
About Broken Hill Prospecting Ltd:
Broken Hill Prospecting Ltd. (ASX:BPL) is focused on the development of strategic technology mineral resources: Cobalt and Heavy Mineral Sands (HMS). The Thackaringa Cobalt Project is potentially a world class deposit, well positioned to met the growing demand for Lithium-ion batteries. The Murray Basin HMS Project is targeting the establishment of a sustainable pipeline of high grade, low tonnage deposits (titanium and zirconium) amenable to processing through mobile mining unit technology.
Contact:
Broken Hill Prospecting Ltd.
Tel: +61-2-9238-1170
Email: info@bhpl.net.au
www.bhpl.biz