loading.........
 
Sydney, Nov 30, 2016 AEST (ABN Newswire) - Broken Hill Prospecting Ltd (ASX:BPL) is pleased to provide the company's CEO's Address to Shareholders at 2016 AGM.

Projects OVERVIEW

HEAVY MINERAL PROJECTS

- Murray Basin Strategy

- Establish pipeline of high-grade, low tonnage deposits

- Process through new technology mobile plant

THACKARINGA COBALT PROJECT

- Unlock shareholder value

- Significant domestic and international interest in emerging technology metal

- Cobalt Blue Holdings Ltd

2016 OVERVIEW

COPI NORTH

- Drilling (Feb 2016) - 78 holes

- Resource Estimate (July 2015 & May 2016)

- Base line environmental monitoring commenced (Feb 2016)

- Scoping Study (Feb 2016) - positive results

- Pre-feasibility study commenced with positive early results from bulk metallurgical testing. PFS due early 2017

MAGIC DEPOSIT

- Maiden Resource (Sept 2015)

Relentless Resources (RRL) provide final $0.5m payment to earn 50% interest in HMS Projects (Copi North, Magic & Sunshine)

Denis Geldard joins BPL Board (Aug 15). Project manager for Copi PFS

COBALT BLUE HOLDINGS LTD

- Spin-off of Cobalt Blue in an $8 to $10 million IPO to fund Thackaringa exploration and development plan

- BPL shareholders to receive in-specie distribution of BPL's Cobalt Blue shares, including loyalty options and priority entitlement in an IPO

- Post issue BPL shareholders will hold approximately 37% of the capital of Cobalt Blue

- Farm In & Royalty deal signed;

- 4 Stages to acquire 100% of Thackaringa over 4 years

- Total project investment: $10.3m

- Initial cash payment: $0.8m

- Final cash payment: $7.5m

- 2% Net Smelter Royalty on all future production

- Drilling commenced (Nov 2016)

2017 THE YEAR AHEAD

MURRAY BASIN HEAVY MINERAL SANDS

- Copi North Pre-feasibility Study due early 2017

- Drilling to commence on BPL's 100% tenements early 2017

- Technical review of the Murray Basin highlights opportunity to expand BPL's footprint

THACKARINGA COBALT PROJECT

- Cobalt Blue to complete Farm In Stage 1 by 30 June 2017

- $0.8m cash payment to BPL

- Define 100Mt JORC 2012 Resource

- Complete Scoping Study

- BPL to focus on base & precious metal exploration

To view the presentation, please visit:
http://abnnewswire.net/lnk/7UK7DQ95


About Broken Hill Prospecting Ltd

Broken Hill Prospecting LtdBroken 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
T: +61-2-9252-5300
F: +61-2-9252-8400
E: info@bhpl.biz
WWW: www.bhpl.biz



Related Companies

Broken Hill Prospecting Ltd    

ABN Newswire This Page Viewed:  (Since Published: 378) 
ANALYTICS: LOGIN HERE

Broken Hill Prospecting Ltd NEWS: RECENT VISITS (4131)