Broken Hill Prospecting Ltd Stock Market Press Releases and Company Profile
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 (googlechartASX: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).

https://twitter.com/bh_pl abnnewswire.com 


Contact

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



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