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Petra Capital Pty Limited

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Broken Hill Mines (ASX: BHM) lands A$90m funding package after Centenary discovery

Broken Hill Mines has secured a fully underwritten A$90 million equity package to accelerate the Rasp and Pinnacles operations, alongside a proposed US$30 million zinc-linked working-capital facility. The financing materially strengthens its development capacity but comes with substantial new equity issuance after BHM shares had already rallied on the Centenary discovery.