Broken Hill Mines Limited (ASX: BHM) has secured AU$90 million through a fully underwritten equity raising, strengthening its financial capacity to progress major development initiatives. The transaction includes an AU$85 million placement across two stages and an AU$5 million share purchase plan. Investor demand surpassed the amount initially targeted, reflecting strong participation in the fundraising.The fresh capital will be directed towards developing the Centenary production decline, expanding resource drilling, upgrading infrastructure and supporting higher production and exploration activity at Pinnacles. New placement shares have been priced at AU$0.76 each, below the company’s previous closing price of AU$0.845.BHM is also pursuing additional liquidity through a proposed US$30 million working-capital facility with zinc offtake partner Ausinmet. If finalised, this arrangement could provide further financial flexibility to support operations at the Rasp Mine while enabling faster execution of the company’s broader expansion plans. 

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