News and Announcements
Broken Hill Prospecting Ltd Quarterly Newsletter – July 2012
- Published July 17, 2012 1:40AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Welcome to the fourth newsletter for Broken Hill Prospecting Limited (‘BPL’). In this issue we provide an update on our work at BPL’s Railway Cobalt deposit, explain why cobalt usage is increasing in China and provide a ‘non-technical’ summary of how we believe our cobalt deposits were created.
Last month I was pleased to report on our very promising drilling results from the new Railway Cobalt deposit discovery.
Our exploration has shown that there is excellent potential for a future world-class, open-cut mine to produce sulphide concentrate with considerable cobalt content and potential for bi-product production of sulphuric acid. We have commenced a scoping study to address development options and hope to have this completed in several months.
Further details of this work can be found on our website at www.bhpl.biz.
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