Australian exploration company focussed on the discovery
Broken Hill Prospecting Limited (BPL) is an Australian exploration company targeting the discovery and development of strategic technology mineral resources in the USA and Australia. The Company announced in August 2019 its entry into the lucrative US rare earth market, through the acquisition of the La Paz Rare Earth Project in Arizona which contains an existing NI 43-101 Resource. This Acquisition secures BPL as the only listed ASX company with exposure to the US rare earths market.
In Australia, BPL is focussed on two 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.
LA PAZ RARE EARTH LLC
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
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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.
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
THACKARINGA COBALT PROJECT JV
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 project is currently undergoing Pre-feasibility Studies.