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CONSOLIDATED BROKEN HILL LTD REVITALISATION OF CENTRAL BROKEN HILL

Explore the detailed history, management, ore reserves, and mining potential of Consolidated Broken Hill Ltd. Founded in 1989, this ASX-listed company boasts vast zinc-lead-silver deposits and visionary leadership. Discover the extensive experience of key directors and the company's successful journey through the years.

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CONSOLIDATED BROKEN HILL LTD REVITALISATION OF CENTRAL BROKEN HILL

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  1. CONSOLIDATED BROKEN HILL LTD REVITALISATION OF CENTRAL BROKEN HILL August 2001

  2. The Company • Founded in 1989 and listed on ASX in 1992 as Redfire Resources N.L. • Name change in 2001 to Consolidated Broken Hill Ltd • Current shares on issue ~ 88.5 million • Shareholders (approximately) ~ 2,400 • Recent share price range 8 - 20 cents • Approximate cash position (June accounts 2001) $A1.1M • Listed on the Australian Stock Exchange ASX code CBH • Top 10 shareholders hold 30.16% of Issued Capital

  3. Directors and Management • Jim Wall – Executive Chairman • Strong mining and management background • Previously Managing Director of base metal producers Savage Resources Ltd & Nicron Resources Ltd • Bob Besley – Managing Director • Extensive management and exploration experience. • Founded the company in 1989 • Ian Plimer – Director • Specialist on Broken Hill • Professor of Geology, University of Melbourne

  4. Directors and Management • Robert Willcocks – Director • Previously Senior Partner of Mallesons Stephen Jacques. • Resources & commercial specialist • Peter Jollie – Director • Former CEO of P&O Containers and an ex President of the Institute of Chartered Accountants in Australia • Member of Trade Policy Advisory Committee to Minister for Trade • Mike Fischer – Project Manager • Managed mining operations in Africa, Australia & PNG • Operated Woodcutters Zn-Pb Mine, Australia

  5. Project Location

  6. History of Broken Hill • Giant class deposit discovered 1883 • Funded industrialisation of Australia • Total zinc-lead-silver ore mined ~ 200Mt with revenue worth $70b in today’s terms • CBH holds central 3.8km

  7. Companies built from Broken Hill CML 7 S W N E BROKEN HILL SOUTH BHP NORTHS CRA PASMINCO PASMINCO 2 Kilometres 2 Kilometres * after Morland & Webster 1998 Browne & Marsh Shafts Delprats Shaft North Open Cut Blackwood Pit No 7 Shaft Kintore Pit Main Lode 00m RL -1000m RL

  8. Companies built from Broken Hill CML 7 S W N E ~ 54 Million tonnes * ~34 Million tonnes * ~106 Million tonnes 2 Kilometres 2 Kilometres * after Morland & Webster 1998 Browne & Marsh Shafts Delprats Shaft North Open Cut Blackwood Pit No 7 Shaft Kintore Pit Main Lode 00m RL -1000m RL

  9. Base Metal Provinces Selwyn Basin 18 Mt Zn 9 Mt Pb Irish Central Plain 14 Mt Zn 4 Mt Pb Aravalit-Delhi Orogenic Belt 16 Mt Zn 5 Mt Pb Abitibi Subprovince 17 Mt Zn ~1 Mt Pb Iberian Pyrite Belt 35 Mt Zn 13 Mt Pb Tri-State District 14 Mt Zn 4 Mt Pb NW Queensland Mineral Province 45 Mt Zn 24 Mt Pb Broken Hill 24 Mt Zn 20 Mt Pb

  10. N Consolidated Mining Lease 7 (CML7) Historical production:~54Mt @ 6.5% Zn, 12.5% Pb, 280g/t Ag from Main Lode (in white) Western Mineralisation:2m-40m wide unmined western lode (in yellow) paralleling main lode

  11. Resource Base Current • 2.5mt @ 10% Pb+Zn – Western Mineralisation Target • >10 yr mining life @ 1mt p.a (>10% Pb+Zn) Developed from: Western Mineralisation Zinc lodes Centenary Mineralisation Eastern lode Remnant main lode

  12. General Cross Section Current Resource Outline WESTERNMINERALISATION CENTENARY MINERALISATION 500 Metres Main Lode 10,200m RL SEA LEVEL Globe – Vauxhall Shear 9,800m RL 9,600m RL 9,400m RL 9,200m RL

  13. Resource Outline N Drill holes along drive

  14. CBH Western Mineralisation Drilling(May 2001)

  15. CML 7 S W N E Browne & Marsh Shafts Delprats Shaft North Open Cut Blackwood Pit Kintore Pit 2 Kilometres Zinc and Lead Lodes No 7 Shaft Western Mineralisation Zinc lodes 00m RL Lead lodes Centenary Mineralisation -1000m RL

  16. Zinc and Lead Lodes, CML8 No 4 LEVEL Sea Level RL 10,000m No 8 LEVEL C Lode 1 Lens B Lode No 12 LEVEL A Lode Upper A Lode Lower No 16 LEVEL 2 Lens 3 Lens No 20 LEVEL 200 Metres Zinc Lodes Lead Lodes (Main Lode)

  17. N Approximately 1 km Zinc and Lead Lode Extensions

  18. 100 Metres Zinc and Lead Lodes, CML7 Diagramatic Illustration of Drilling Results 100m W 00m 100m E LZDD5000 LZDD5001 C lode horizon -300m RL B lode -200m RL EOH 216.3m Zinc Lodes (Stoped) Unmined -100m RL EOH 270m Lead Lodes

  19. CBH Zinc LodeProgramme(April-May 2001) • Drilling results confirm: • Extension of B & C zinc lodes into CML7 • Presence of unmined lenses of high-grade main lode

  20. Eastern lode horizon • Main lode at depth • Main lode droppers Exploration Potential N

  21. Browne Shaft Delprat Shaft Kintore Pit North Open Cut Block 14 Pit Blackwood Pit BHP Pit No 7 Shaft 1 Kilometre Reference Amphibolite Lode Zone Gneiss Shear Zone Metasediments

  22. N Drive Level 1000’ 1480’ Drive Level Proposed Decline Proposed Decline Kintore Pit

  23. Decline Access Conceptual, not to scale

  24. Stage 1Development 2-Dimensional Diagramatic Representation STAGE 1 STAGE 1

  25. Kintore Open Pit

  26. N HMS Plant Concept for Kintore Pit Haul Road Portal Crusher Truck Ramp

  27. Heavy Medium Separation • Tennessee – Savage Resources • Woodcutters – Nicron Resources * Preliminary testwork on Western Mineralisation * Metcom Laboratories S.G. of heavy media: 2.96 Sample ¼ NQ core, diamond drill hole 3230

  28. Estimated Project Costs – Stage 1 • Acquisition & Corporate $ 4.9m • Infrastructure $ 5.9m • Mine Development $ 6.9m • Mine Operating $ 4.6m • Stage 2 Feasibility $ 2.0m • Subtotal $ 24.3m • Stage 1 Revenue $ 5.6m • Total $ 18.7m

  29. CML7 Development Plan Stage 1 > Kintore decline to upper part of Western Mineralisation - Initial stope trial of 120,000t > Infill drilling of Western Mineralisation, zinc lodes and remnant lead lodes Stage 2 > Development for sustained 500,000 tpa production from Western Mineralisation - metal output of 23,000t zinc, 17,000t lead and 560,000oz silver > Continued infill drilling of resource targets Stage 3 > Expansion into lodes in southern and northern areas of CML7 via declines from Kintore and Blackwoods pits respectively > Resource upgrade to support expansion to 1 million t.p.a.

  30. ExpectedProject Schedule • Data Analysis, Drilling Feb 01 - June 01 • Initial Mining Approval, Equity Funding May 01 - Sept 01 • Decline Development Dec 01 - Jun 02 • Stage 1 Production (120,000t) Jun 02 - Dec 02 • Project Expansion Feasibility & Funding Jul 02 - Sept 02 • Stage 2 Expansion (500,000tpa) Feb 03 - Oct 03

  31. Reference Broken Hill orebody Pospect Operating mill 5 Kilometres Pasminco tenements Broken Hill Tenure City of Broken Hill CML7

  32. Pasminco Reserves / Resources

  33. Reserves by Metal Content

  34. Zinc & Lead Prices12 Month Trend

  35. Summary - CML7 • Revisiting major orebody • Existing drilled resource • Established infrastructure • Continuous mining lease • No land title issues likely • Low capital entry to production • Early cash flow projected

  36. Expected Timetable • Marketing June - August • Prospectus issued September • AIM listing October

  37. CML7 Panorama

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