Broken Hill Mines Limited · ASX:BHM
Broken Hill Mines — Q2 2026 Earnings Presentation
19 slides from Broken Hill Mines's earnings presentation, Jul 31, 2026
Slide 1: June 2026 Quarterly Results Presentation
For personal use only June 2026 Quarterly Results Presentation Rasp & Pinnacles Ag-Pb-Zn Mines Consolidating one of Australia’s great mining jurisdictions
Slide 2: Important Notice & Disclaimer
Important Notice & Disclaimer Summary information This presentation has been prepared by Broken Hill Mines Limited (BHM or the Company) relating to the operation and Not a recommendation or financial product advice For personal use only development of the Rasp Mine and the Pinnacles Mine in Broken H
Slide 3: BHM is Consolidating the Famous Broken Hill Ore Body
BHM is Consolidating the Famous Broken Hill Ore Body For personal use only BHM now controls two of three assets covering the largest & richest silver-lead-zinc ore Continuous ore body growth 300Mt Resource (15% Zn+Pb) Produced >1 Billion oz Ag, body in the world: & mining for 140 years & 300g/t Ag ~
Slide 4: BHM Strategy: Leverage Existing Operational Infrastructure
BHM Strategy: Leverage Existing Operational Infrastructure For personal use only Silver In lead concentrate Pinnacles Mine (ONLINE) Open Pit Lead In concentrate Main Lode (ONLINE) 750ktpa at Rasp Processing Facility at Rasp Zinc In concentrate Western Min (ONLINE) at Rasp Copper & Gold In lead conce
Slide 5: June 2026 Quarter Results Summary
BHM June Completed 2026 reverse listing Coolabah Metals Ltd Quarter via the Results Summary takeover of ASX-listed Continued execution of ramp up strategy and growth across key production and financial metrics For personal use only Three Ore Feeds Online: Rasp Key Operational Sep Q Dec Q Mar Q Jun Q
Slide 6: Material Exposure to Silver & Zinc Production
Material Exposure 100% Metal Value Contribution Within ZnEq Grade1 to Silver & Zinc Lead For personal use only Lead Lead Production BHM provides investors with: Zinc Multiple ore feed sources Zinc 50% Zinc Revenue underpinned by Gold strong zinc prices Increasing exposure to silver production
Slide 7: Maintaining a Strong Balance Sheet & Tight Capital Structure
Board Maintaining a Strong Balance Track record in developing & operating world-class mature mines Completed reverse listing via the takeover of ASX-listed Coolabah Metals Ltd Patrick Walta Sheet & Tight Capital Structure Executive Chair For personal use only Experience in M&A & large-scale Ag-Pb-Zn
Slide 8: Rasp Mine
Rasp Mine High-grade Main Lode ore feed now online For personal use only 8
Slide 9: Rasp Mine Overview: Transitioning to Multiple Ore Feeds
Rasp Mine Overview: Transitioning to Multiple Ore Feeds 10.1Mt @ 9.9% ZnEq, 273g/t AgEq2 (48.5g/t Ag, 3.2% Pb & 5.7% Zn)1 For personal use only Western Mineralisation N CML7 Centenary Main Lode Perilya North Mine Perilya South Mine High-Grade “Line of Lode” Workings (Remnant mining opportunity) Pinn
Slide 10: High Grade Main Lode Now Online
High Grade Main Lode Now Online Clear upside potential to existing Mineral Resource Estimate (MRE) based on identified targets and historical operational knowledge For personal use only Mining underway, shallow ore body starting ~200m depth December 2025 quarter Main Lode drilling1 highlights: • 4.3
Slide 11: Centenary Discovery – Potential for High Grade Bulk Tonnage
Centenary Discovery – Potential for High Grade Bulk Tonnage For personal use only First ever targeted drilling below the Globe-Vauxhall Shear Only 24 holes drilled into Centenary, majority from surface Exceptional intercept ~500% wider & 27% higher grade compared to current Centenary MRE Pot
Slide 12: Centenary Discovery – Potential for High Grade Bulk Tonnage
Centenary Discovery – Potential for High Grade Bulk Tonnage For personal use only 1 BHM ASX Announcement 23 July 2026 ASX: BHM | 12
Slide 13: Pinnacles Mine
Pinnacles Mine One of the highest-grade and shallowest deposits in Broken Hill For personal use only Overview of Pinnacles Operation 13
Slide 14: Pinnacles Mine Restart & First Ore Since 2021
Pinnacles Mine Restart & First Ore Since 2021 Successful restart of Pinnacles was delivered on schedule and budget at end of June Quarter, For personal use only with benefits to flow in September Quarter and beyond. Pinnacles and Rasp are connected by haul and public roads Broken Hill Rasp Mine 15km
Slide 15: Thick, High Grade, Shallow Drilling Results on an Operating Mining Lease
Thick, High Grade, Shallow Drilling Results on an Operating Mining Lease For personal use only BHM’s Inaugural ASX Pinnacles Release (22 September 2025) 1, 2 8.9m @ 54.6% ZnEq, 1,537g/t AgEq (922g/t Ag, 12.3% Pb, 1.6% Zn, 3.7g/t Au) from 11m PN311 8.2m @ 40.4% ZnEq, 1,120g/t AgEq (763g/t Ag, 13.4% P
Slide 16: Accelerating Pinnacles Growth
Accelerating Pinnacles Growth Fast-track resource growth and development, with a 25,000m expanded drilling program across high-priority targets For personal use only Successful Phase 1 & 2 Drilling Programs • Phase 1 program (total ~8,500 m) completed with highly encouraging initial results • 25,000
Slide 17: Potential for Expedited Pinnacles Underground Development
H H’ Potential for Expedited Pinnacles Underground Development For personal use only Identification of very high-grade underground zone Zone extends >350m down dip (open), up to 100m wide & 2 to 10m thickness Multiple intercepts >1,000g/t AgEq, One of the highest grade undeveloped silver sys
Slide 18: Investment Proposition
Investment Proposition For personal use only Solid Foundation: Rasp’s infrastructure and Western Mineralisation, providing a base for growth Near-Term Growth: Rasp’s Main Lode and Pinnacles’ Open Pit to increase metal production Silver Exposure: Silver-rich new ore sources significantly increasing A
Slide 19: For personal use only
For personal use only Patrick Walta Shane Goodwin Executive Chairman Head of Corporate Affairs pwalta@brokenhillmines.com sgoodwin@brokenhillmines.com 19