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EPIC: BPL
Market: ASX
52-week High/Low: A$0.15 / A$0.03
Sector: Mining
Market Cap: A$9.16M
Website: www.bhpl.biz
Broken Hill Prospecting

Broken Hill Prospecting

Broken Hill Prospecting (ASX:BPL) is exploring and progressing heavy mineral sand deposits (titanium and zirconium) located south of Broken Hill in western New South Wales.

Broken Hill Prospecting

www.bhpl.biz

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Broken Hill Prospecting Snapshot

Broken Hill Prospecting Limited (BPL) is a mining and exploration company that is seeking to develop the significant Pyrite Hill, Big Hill and Railway cobalt deposits located 25 kilometres south-west of the world famous mining centre of Broken Hill in western New South Wales.

The deposits are geologically unusual because they do not occur as a bi-product with richer copper or nickel deposits, as is the case in nearly every other mine around the globe. Cobalt, therefore, would be the main focus of any mining development.

The deposits exist near surface and recent drilling has defined a footprint which is at least 4km in length that is open at width, depth and length. The mineralisation can be simply processed to a cobalt-pyrite concentrate, which, because of the excellent location, could be transported by rail/road/sea for processing to produce cobalt, sulphuric acid and iron ore products

http://brokenhillchemical.com/EnglishHome.html

With demand for cobalt growing from new-age applications including rechargeable batteries for electric cars and super alloys for turbines and motors, BPL offers a large and secure future supply source with low political and technical risk in comparison with other producing countries. Currently, 65% of the world’s supply is from central Africa.


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Cobalt Deposits

Location



BPL’s cobalt deposits are within two granted mining leases (ML66 and ML67) enclosed by Exploration Licence EL6622.

Since listing on the ASX in February 2011 estimates of the project’s resources have more than doubled to 35.7 million tonnes of 1.85 pounds per tonne cobalt (0.084% Co) with additional Potential for an additional 37-59 million tonnes of between 0.0775-0.084% Co. The Potential is conceptual and more drilling is required to further define it. There is no certainty that this will result in a Mineral Resource. Clearly, the size of BPL’s mineral inventory as outlined below has grown nearly five-fold and many mapped areas of cobalt-pyrite rock have yet to be drill tested.


(click here for more information on Cobalt Deposits)


Cobalt Research

The website of the Cobalt Development Institute (CDI) (www.thecdi.com) contains a considerable amount of useful information on cobalt. Several other websites which provide interesting data on cobalt:

  • http://en.wikipedia.org/wiki/Cobalt
  • http://www.formationmetals.com/i/pdf/factsheet_cobalt.pdf
  • http://cms.spincaster.com/siteFiles/42/files/Cobalt101Presentation.pdf
  • http://www.geovic.net/cobalt_mining.php
  • http://cobaltinvestingnews.com/911-recycling-cobalt-sustainable-and-affordable/


Cobalt Uses

Cobalt (Co) is a minor metal with many special qualities:

  • Co is a major component in many new rechargeable batteries (electric cars, mobile phones, laptop computers). Many lithium-ion batteries contain up to 60% Co.
  • Co is hard, heavy and has a high melting point. It used extensively in superalloys and high pressure and temperature resistant metals for use in applications such as in energy turbines, jet motors, military hardware, aircraft and space craft.
  • Co is strongly magnetic and is used in magnets, often in preference to Ni, Mn and Fe
  • Co in dyes/pigments has been used for many centuries for bright blue colouring.
 • Co is a principle component of vitamin B12, essential for blood and brain. Co is used in human and animal food supplements.
  • Co is used as; a catalyst, in jewellery, medical isotopes, cosmetics and many other applications.


(click here for more information on Cobalt Uses)


Base Metal Deposits

Broken Hill Style Mineralisation



In addition to cobalt, the Company’s tenements contain numerous rock types, structural zones and metal anomalies which include important indicators of possible nearby zinc, lead and silver mineralisation of the Broken Hill style.

The Broken Hill deposit was discovered in 1883 and is still producing after more than 127 years. It is the largest deposit of lead, zinc and silver ever discovered and has had an estimated direct value to the Australian economy of over $A80 billion.


(click here for more information on Base Metal Deposits and projects)



Last updated 14th September 2015.


Creagh O’Connor
Chairman
AM, FAIM, FAICD

Creagh O'ConnerCreagh has approximately 40 years experience as a chief executive and board member for a number of public and private companies. During this time he has been involved in managing a number of Australian and international oil, gas and mineral projects.

Creagh is an experienced board member and his most public role was with Cricket Australia as Director for 11 years and Chairman from 2005 to 2008. In addition he was Director of South Australian Cricket Association (SACA), Director of the International Cricket Council, Director of the Kerry Packer Cricket Foundation, Director of Rundle Capital Ltd, Governor of the Bradman memorial fund, Chairman of the Lords Taveners, Trustee of the Les Favell Foundation and Chairman of ACHA Health Ltd.

He is currently a director of A G O’Connor Pty Ltd and chairman of the Maurice de Rohan International Scholarship Fund.



Ian Pringle
Managing Director
BSc (hons geology), PhD, MAIG, MGSA, MGSNZ, MAusIMM, MAICD

Ian joined BPL as Managing Director in April 2011 after the Company’s successful IPO and listing on the ASX and NZX. Ian is an experienced minerals exploration geologist with a successful track record in discovery and development of mineral deposits within Australia, South East Asia and the Pacific.

Ian was recently Managing Director of Geopacific Resources NL, an ASX-listed explorer that is assessing gold and base metal projects in Fiji and Cambodia. Until late 2011 he was also the manager of a Canadian-based company, Silver Standard Australia Pty Ltd which explored the Bowdens Silver Project near Mudgee, NSW and which was sold to Kingsgate Consolidated in mid-2011.

During a six year stint as exploration manager at Oxiana Resources Ltd, Dr Pringle had a leading role in Oxiana’s purchase and subsequent development of the Sepon and Khanong gold and copper mines in Laos. Prior to Oxiana, Ian was Exploration Manager at Golden Shamrock Mines and Cobar Mines Ltd and held positions as Senior Geologist with Nord Resources Ltd (Girilambone copper mine discovery in NSW), CSR Ltd (Lerokis Mine discovery in Indonesia) and Elf Aquitaine where he managed exploration programs in Australia and South East Asia.

Ian has a BSc (hons) in geology and PhD in geology (petrology, geochemistry and mineralogy) from the University of Otago in New Zealand.

Ian is currently a director of New Talisman Gold Mines Limited.



Geoffrey Hill
Non-Executive Director
BEC, MBA, FCPA, ASIA, FAICD

Geoff was a director of BPL from 1989 to June 2014, and re-joined the board on 27 August 2015.  He has extensive experience in the identification and implementation of mergers and takeovers and has acted for a wide range of corporate clients in Australia and overseas. Mr Hill also has extensive experience in giving corporate advice to mining companies.

He is a director of unlisted companies including International Pacific Capital Limited, So Co Ltd, Coromandel Gold Limited and Texas and Oklahoma Coal Company Limited. Listed company directorships include Metals Finance Corporation Limited (MFC) and Mount Gibson Iron Limited (MGX). He is a former director of Heritage Gold NZ Limited (now New Talisman Gold Mines Limited) (1999-2012).


Matthew Hill
Non-Executive Director
MBA, AFSL, FFin, APDT

Matthew has over 20 years experience in financial services and investment banking. He is currently the Chief Executive Officer of New Talisman Gold Mines Limited (formerly Heritage Gold NZ Limited), the Executive Director of International Pacific Capital Limited and Managing Director of Asia Pacific Capital Group Limited.  Matthew is an experienced merchant banker having worked previously at Potter Warburg,  Eventures (a joint venture between Newscorp and Softbank), Pitt Capital and Souls Private Equity Limited. Matthew specialises in resource and company listings on the ASX and NZX and acts for a number of multinational clients.  Matthew holds a Graduate Diploma in Applied Finance and Master of Business Administration. He is a fellow of the FINSIA and a member of the Australian Institute of Company Directors.



Denis Geldard
Non-Executive Director
AWASM, MAIMM

Denis has over 40 years technical and operational experience in mineral exploration and project development in Australia and internationally. He has over 20 years experience in the Heavy Mineral Sands     Industry with  companies such as Western Titanium Ltd, Associated Minerals Consolidated and Iluka Resources.

Denis is a Mining Engineering graduate from the Kalgoorlie School of Mines in Western Australia. He has managed and run a number of junior and mid-tier mining and exploration companies and mining  operations over the past 40 years including directorships of a number of Australian listed mining and exploration companies.



Last updated 14th September 2015.

Australian Office
Broken Hill Prospecting Limited
Level 14, 52 Phillip Street, Sydney NSW 2000

Mailing address:
Box 3486 GPO, Sydney NSW 2001

Phone: +61 2 9252 5300
Fax: +61 2 9252 8400

Email: [email protected]
Website: http://www.bhpl.biz


New Zealand Registered Office
Broken Hill Prospecting Limited
Ground Floor Nathan House
541 Parnell Road
Parnell, Auckland 1052
New Zealand

Phone: +64 9 303 1893
Fax: +64 9 303 1612

Email: [email protected]
Website: http://www.bhpl.biz


Hong Kong Contact
Broken Hill Prospecting Limited
Suite 2201, Wing On House
22nd Floor, 71 Des Voeux Road
Central, Hong Kong

Phone: +85 2 28922996
Fax (HK):  +852 2810 1021

Broken Hill Prospecting Timeline

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