Broken Hill Mines Limited (BHM, ASX: CBH), formerly Coolabah Metals Limited, has announced the completion of its acquisition of Broken Hill Mines Holdings Pty Ltd. Broken Hill Mines focuses on mineral exploration and development within the Broken Hill region. The company aims to leverage its strategic landholding and expertise to unlock significant value through discovery and responsible resource management. In addition to finalising the acquisition, the company has formally registered its change of name to Broken Hill Mines Limited with the Australian Securities and Investments Commission (ASIC).
Significant changes to the Board of Directors have also been implemented. Patrick Walta has been appointed as Executive Chair, while Brent Walsh, Mark Hine, and Ian Plimer join as Non-executive Directors. Stephen Woodham will remain on the Board as a Non-Executive Director. The company expressed gratitude to retiring directors Cameron Provost and David Ward for their service since the company’s inception.
Broken Hill Mines is currently finalising the necessary requirements for re-compliance with Chapters 1 and 2 of the ASX Listing Rules. The company anticipates reinstatement of trading on or before July 22, 2025, and will notify the market once the exact listing date is confirmed. Upon reinstatement, the company will trade under the new ASX ticker ‘BHM’.
The announcement was authorised for release by the Board of Directors of Broken Hill Mines Limited. For further information, stakeholders can contact Executive Chair Patrick Walta via email.