Broken Hill Mines Pty Limited agreed to acquire Coolabah Metals Limited (ASX:CBH) in a reverse merger transaction for AUD 10 million on August 10, 2024. The consideration consists of common equity of Broken Hill Mines Pty Limited to be issued for common equity of Coolabah Metals Limited. The transaction is subject to approval of offer by shareholders of Coolabah Metals. As of October 31, 2024, Coolabah Metals continues to progress well towards seeking shareholder approval of the proposed transaction at a general meeting to be held in late November 2024. Coolabah is pleased to announce that they are moving one step closer towards completion of the acquisition of the Rasp Mine with BHM taking full ownership of this transformational asset. Completion of the Company?s Acquisition of BHM and Re-compliance is conditional on the Company obtaining all necessary regulatory and shareholder approvals to give effect to the Transaction. Coolabah Metals continues to work with BHM to obtain all necessary approvals in order to expedite the completion of the Transaction. As of July 7, 2025, Coolabah has successfully received its Conditional Letter of Admission from the ASX in relation to the Transaction. The Company is also now able to progress the final items for completion of the Transaction and apply for reinstatement and trading on the ASX.Trading under the new ASX ticker ?BHM? is anticipated to occur on or before 22 July 2025.

Broken Hill Mines Pty Limited completed the acquisition of Coolabah Metals Limited (ASX:CBH) in a reverse merger transaction on July 14, 2025. The Company has also formally registered it?s change of name to Broken Hill Mines Limited with ASIC. The Company also confirms that the relevant changes to the Board and officeholders have been made with the following Directors being appointed: Patrick Walta (Executive Chair); Brent Walsh (Non-executive Director); Mark Hine (Non-executive Director); and Ian Plimer (Non-executive Director). Stephen Woodham remains on the Board as a Non-Executive Director. In relation to the reinstatement of trading on the ASX, BHM is finalising the outstanding deliverables for its re-compliance with Chapters 1 and 2 of the Listing Rules. The Company remains on track for reinstatement of trading on or before 22 July 2025 and will advise the market when the exact date of listing is confirmed. Broken Hill Mines will trade under the new ASX ticker ?BHM?. The Board would like to thank retiring Directors Cameron Provost and David Ward for their services to the Company since inception and wishes them all the best in their future endeavours