Broken Hill Prospecting Limited (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).
MURRAY BASIN REGION
BPL has built a substantial portfolio of Heavy Mineral Sands (HMS; titanium & zircon) Projects within the world-class Murray Basin. BPL now holds the largest tenement portfolio in the Murray Basin. Additional tenement applications and potential project acquisitions under review will continue to position the Company to take advantage of improving market conditions. BPL is targeting the establishment of a sustainable pipeline of high grade, low tonnage deposits amendable to processing through mobile plant equipment that could be deployed across the broader project area.
BROKEN HILL REGION
BPL has a number of project interests in the Broken Hill region and is actively expanding its exposure to this world class mineral province. The Thackaringa Cobalt Project is strategically located 25km south-west of Broken Hill, New South Wales, adjacent to the main transcontinental railway line. Mineralised outcrop extends for over 10km, with less than a quarter of this trend having been drill tested. The Thackaringa Cobalt Project is a Joint Venture with Cobalt Blue Holdings Ltd (COB) and is currently undergoing the planning phase for Bankable Feasibility Studies. COB has ceased earn-in at 70% of the project with BPL retaining 30% beneficial interest and 100% legal rights to the Thackaringa tenements. In addition, BPL will receive a 2% net smelter royalty on all cobalt produced from the Thackaringa tenements for the life of mine. BPL retains base and precious metal exploration rights over the tenements, where it is actively exploring for Broken Hill (Pb-Zn-Ag) style mineralisation. Cobalt is a necessary metal for the production of the latest generation, high density Lithium-ion batteries. Due to its high run-time properties, the use of cobalt has risen dramatically as portable Li-ion battery usage accelerates and electric vehicles become a reality
LA PAZ RARE EARTH - ARIZONA USA
BPL is pleased to announce that it has formed a 100%-owned US-based subsidiary called La Paz Rare Earth LLC to acquire and develop the La Paz Rare Earth Project. The La Paz Rare Earth project is located in La Paz County, Arizona, US. The project lies approximately 170 km north- west of Phoenix.
La Paz Rare Earth LLC has staked more than 890 hectares comprising 107 unpatented lode mining claims on federally controlled land and a prospecting permit over one section of Arizona State Trust land (259 hectares). The tenements are unencumbered and will be 100% controlled by La Paz Rare Earth LLC.