Kingfisher Mining (ASX:KFM) and Broken Hill Mines (ASX:BHM) have finalised a legally binding mining and processing co-operation agreement, marking a development for the historic Broken Hill region in New South Wales.
Under this strategic framework, ore extracted from Kingfisher's high-grade tenements will be exclusively processed at Broken Hill Mines' 100% owned Rasp Mine processing plant, which boasts a 750,000tpa capacity.
The partnership provides Kingfisher with a streamlined pathway to production by leveraging existing, operational infrastructure.
By bypassing the immense capital expenditure and multi-year timelines typically required to build standalone facilities, Kingfisher can now prioritise smaller or satellite deposits that were previously deemed uneconomic.