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Broken Hill lifts SA gold resource as deeper sulphides beckon

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Taylor, P. (2026, September 21). Broken Hill lifts SA gold resource as deeper sulphides beckon. The Sydney Morning Herald. https://www.smh.com.au/business/companies/broken-hill-lifts-sa-gold-resource-as-deeper-sulphides-beckon-20260921-p60z8n.html?ref=rss&utm_medium=rss&utm_source=rss_feed

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The Sydney Morning Herald · collected 2026-09-21 · by Penny Taylor

Quick Summary

Broken Hill Gold has significantly increased its indicated oxide gold resource at the Vertigo prospect in South Australia's White Dam project by drilling an additional 13.5 kilometers of reverse circulation holes. The new estimate shows a total of 2.30 million tonnes at 0.74 grams per tonne for 54,795 ounces of gold, marking a substantial increase from previous estimates and including 1.43 million tonnes in the higher-confidence indicated category alone. Managing director Matthew Boyes highlighted the potential for deeper sulphide mineralization containing both gold and copper, indicating further exploration could reveal additional resources beneath the current shallow deposits.
Written by AI on 2026-09-21, from this article's own text only (the story summary below draws on all the coverage).

AI analysis

Story summary

Broken Hill Gold has significantly increased its gold resources in South Australia by boosting the indicated oxide gold reserve at its Vertigo prospect by 160% after extensive drilling. The company's efforts have raised the total resource estimate to 2.3 million tonnes at 0.74 grams per tonne (g/t) for a total of 54,795 ounces, marking a 43% increase from its previous estimation in 2020. Vertigo is part of the company's White Dam gold project located 80km west of Broken Hill in the Curnamona Province.

The drilling campaign involved completing 279 reverse circulation holes over a total distance of 13.5 kilometers, with half of these meters contributing to the resource calculation. This work, along with updated geological analysis and validation of historical data, has converted inferred material into higher-confidence indicated reserves, swelling the project's overall resource estimate at White Dam to 5.2 million tonnes at 0.7g/t for 118,000 ounces of gold.

Written for “Gold Mining In Broken Hill” on 2026-11-01, grounded in this article and the 0 other(s) covering the same event.

Story

📰 Gold Mining In Broken Hill
Economy/Business · 1 article(s) covering the same event.

Compared with similar articles

This article reads unscored and hedges 6% of its claims. Each row says how that neighbour differs.
The Sydney Morning Herald
Hedges 1 of 30 claims Outlet record 61/100
“The articles describe different companies and events related to gold resources and processing capabilities in separate locations.”
How this article was measured signals, leaning charts, publisher record, byline, topics and claims

Signals How these are calculated →

Claims extracted
36
sentences that state something as happening or true
Uncertain
6%
2 of 36 hedged ("reportedly", "may", "according to")
Leaning
not political
takes no side on a contested political question
Publisher signals
61/100
The Sydney Morning Herald's corrections and hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
1
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
Analyzed 2026-09-21 · how these are computed

How this is being covered How these are calculated →

Article leaning vs. publisher reliability
Source leaning vs. consistency

Publisher

The Sydney Morning Herald · 5737 article(s) · 15 correction(s) detected
Running correction rate · 15 correction(s)

Who wrote this

Penny Taylor
17 article(s) here · 1 carrying a prediction
🔮 Adding weight to the findings, a prominent cluster of promising alteration signatures at Sprigg Bore, in the southeast of PLC’s ground, coincides with historical rock-chip samples returning between 350 and 651 parts per billion, suggesting the satellite technology may be doing its job of homing in on prospective gold-bearing structures.
🔮 The maiden 3500-metre program will probe Gingarrigan, a prospect within Woodie Woodie North, 10km south-east of the company’s existing Area 42 resource.
🔮 TMK Energy chief executive officer Dougal Ferguson said: “This declaration and the subsequent lodgement of an appraisal program will allow the formal EPT period to commence, which will run for a minimum of 180 days, during which time we will commence the process of agreeing initial reserves, a field development plan and eventually a production license.”
🔮 Initial drilling is expected to focus on open lodes in the northern part of Amy Clarke and the central section of the 4.7-kilometre trend.
🔮 The deal, comprising US$45 million (A$67.5 million) in cash and US$5 million (A$7.5 million) in shares, would propel Ciclón into the spotlight as Norfolk’s flagship asset and cornerstone of its copper ambitions.
🔮 NeuroScientific has agreed to implement the required testing, which is expected to have minimal impact on trial timelines.
🔮 With the resource upgrade now in the bag, the company says the all-important Jupiter scoping study is progressing and will be released shortly, offering the first detailed look at the giant deposit’s potential economics.
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2026-10-06 · assertive framing · Aguia hits Colombia gold record and breaks even
🔮 These learnings will guide the future development of the field, reducing the lead time to reach commercial gas flows from new wells.”
🔮 Material step-outs at depth will be the focus, targeting extensions below an area that remains virtually untested, with few holes extending beyond 150m below surface.
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Nothing else under this byline is closely related to this article, so these are simply their most recent.
All 17 articles by Penny Taylor →

Topics

Broken Hill Broken Hill Gold South Australia Vertigo the Curnamona Province

Subjects

Broken Hill Gold ORG · 2× Matthew Boyes PERSON · 2× Broken Hill GPE · 1× Icebreaker ORG · 1× Management ORG · 1× South Australia GPE · 1× Vertigo GPE · 1× the Curnamona Province GPE · 1×

Narrative

Broken Hill Gold has put considerably more meat on the bones of the company’s restart ambitions in South Australia, lifting the indicated oxide gold resource at its Vertigo prospect by 160 per cent after a major infill and resource-expansion drilling push.
framing: assertive · carried by 1 article(s) · first seen 2026-09-21
🔮 ‘I am confident that White Dam will demonstrate the potential to deliver a significant Gold-Copper project as further drilling results are received.
2026-09-21 · The Sydney Morning Herald
Broken Hill lifts SA gold resource as deeper sulphides beckon · assertive framing

Claims (36 extracted, 2 hedged)

Broken Hill Gold has put considerably more meat on the bones of the company’s restart ambitions in South Australia, lifting the indicated oxide gold resource at its Vertigo prospect by 160 per cent after a major infill and resource-expansion drilling push. asserted
Gold → put → push
Vertigo is one of the historical open pits at the company’s 100 per cent-owned White Dam gold project, 80km west of Broken Hill in the Curnamona Province. asserted
Vertigo → own → Province
The deposit now packs a total indicated and inferred resource of 2.30 million tonnes at 0.74 grams per tonne (g/t) gold for 54,795 ounces, a healthy 43 per cent jump on its 2020 estimate. asserted
deposit → pack → estimate
Importantly, the higher-confidence indicated component has swelled to 1.43Mt at 0.53g/t for 24,300 ounces, with the mineralisation either outcropping or sitting shallow within an existing mining lease. asserted
mineralisation → indicate → lease
Broken Hill completed 279 reverse circulation (RC) holes totalling 13.5km during 2025–26, with 51 per cent of those drilling metres used to calculate the new estimate. asserted
cent → complete → estimate
Combined with historical data validation and improved geological interpretation, the work added ounces and helped convert inferred material to indicated. asserted
work → combine → indicated
Across White Dam, the global resource now stands at 5.2Mt at 0.7g/t for 118,496 gold ounces, including 43,500 ounces in the indicated category. asserted
resource → stand → category
‘I am confident that White Dam will demonstrate the potential to deliver a significant Gold-Copper project as further drilling results are received. asserted
results → demonstrate → project
Management says the new ounces could provide the feed for a restart of the Vertigo open pit, with the shallow, weathered material well suited to White Dam’s existing heap-leach operation, where cyanide solution is passed through crushed ore to extract the gold. uncertain
solution → say → gold
Historical records show a recovery rate of 80.2 per cent from saprolite and partly weathered transitional ore, although a Vertigo-specific rate cannot be calculated because its material was originally co-stacked with ore from another White Dam deposit. asserted
material → show → deposit
White Dam brings useful brownfields pedigree to the equation. asserted
Dam → bring → equation
It produced roughly 180,000oz from 7.5Mt at 0.94g/t between 2010 and 2018 and retains pits, heap-leach infrastructure and processing facilities, giving a viable restart a head start over a greenfields build. asserted
It → produce → build
Broken Hill Gold managing director Matthew Boyes said: “The real story developing here at White Dam is the sulphide gold potential this system contains. asserted
system → say → Dam
We know we have ~55koz of gold in mineral resource at Vertigo already, with the grade increasing as we go deeper. asserted
we → know → Vertigo
The story gets even more intriguing with depth. asserted
story → get → depth
Below that weathered gold zone lies the potential for a fresh-rock gold-copper sulphide system carrying both gold and copper. asserted
potential → weather → gold
Vertigo’s thick tabular mineralised zone dips at 15 degrees and remains open beyond the pit limits, with gold and copper grades increasing down-dip, similar to the company’s nearby Icebreaker deposit. asserted
grades → dip → deposit
Icebreaker recently helped rewrite the geological script at White Dam after drilling revealed gold-copper sulphides hidden beneath a field historically geared to shallow oxide mining. asserted
drilling → help → mining
The standout results included 28m at 2.4g/t gold and 0.7 per cent copper from 93m, including 16m at 3.5g/t gold and 0.9 per cent copper from 96m. asserted
results → include → 96
In contrast, Vertigo’s fresh-rock resource remains entirely inferred, leaving drilling to establish its extent. asserted
resource → remain → extent
The rigs now get their chance to test the theory. asserted
rigs → get → theory
Eight holes across 650m of strike are planned to probe potential extensions 200m down-dip, while a second multipurpose RC and diamond rig ramps up the broader campaign. asserted
rig → plan → campaign
Shallow gold drilling will continue at nearby Rolling and Hannaford East before a rig returns to Icebreaker to finish its shallow resource drill-out and pursue gold-copper sulphides. asserted
rig → continue → sulphides
Step-out and extension drilling will also test surrounding prospects for resource growth and mineralisation continuity. asserted
drilling → test → growth
Metallurgy is running alongside the drill bit. asserted
Metallurgy → run → bit
Carbon-in-leach testwork is assessing whether fresh material could deliver higher recoveries by grinding it before cyanide dissolves the gold and carbon captures it. uncertain
carbon → assess → it
Earlier cyanide work recovered nearly all the gold from material ground to 120 micrometres. asserted
work → recover → micrometres
Vertigo East and North samples are heading into column testing in October, with further representative work recommended for fresh material. asserted
work → head → material
Induced polarisation and ground magnetic surveys are expected to finish by mid-October, refining sulphide targets around Icebreaker and Vertigo and at Mary Mine, a regional gold-copper target 12km west. asserted
polarisation → expect → Mine
Management’s priority sulphide targets remain Icebreaker, Vertigo and, in particular, Hannaford, where historical gold grades below the pit floor point to ground never systematically drilled. asserted
grades → remain → ground
Mining studies will deliver economic parameters, pit designs and scheduling for the oxide restart case, with a prefeasibility study planned after remaining shallow resources are updated. asserted
resources → deliver → case
White Dam has more than 50 prospects, many still only lightly tested at depth. asserted
many → have → depth
More than 30,000m of reverse-circulation and diamond drilling is planned to test that potential over the next 18 months. asserted
m → plan → months
Backed by a recent $13M placement, the company now has two clocks running at White Dam: advancing shallow oxide ounces towards a potential restart while testing how big the sulphide story can become. asserted
story → back → restart
Vertigo has just moved both hands forward. asserted
Vertigo → move → hands
Is your ASX-listed company doing something interesting? asserted
company → list → something
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