Quarterly Activities and Cash Flow Reports September 2017
Quarterly Activities and Cash Flow Reports September 2017
Sydney, Nov 1, 2017 AEST (ABN Newswire) - 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 LtdBroken Hill Prospecting Ltd (ASX:BPL) is an Australian exploration company focussed on the discovery and development of strategic mineral resources across two primary geographical areas; the Murray Basin Region (Heavy Mineral Sands) and the Broken Hill Region (industrial, base and precious metals, including the Thackaringa Cobalt & Base/Precious Metal Project).

  


Contact

Broken Hill Prospecting Ltd
Tel: +61-2-9238-1170
Email: info@bhpl.net.au
WWW: www.bhpl.biz



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