Broken Hill Prospecting Limited (BPL) is an Australia-based mineral exploration company. It is engaged in mining and has been actively exploring the Broken Hill region for the past 20 years. Broken Hill Prospecting Limited (BPL) is the 100% owner of near-surface cobalt mineral deposits located around Thackaringa (an area situated approximately 25 kilometers south west from Broken Hill) where it holds two exploration licenses and two mining leases [EL6622 (Pine Ridge), EL8143, ML86 (Pyrite Hill) and ML87 (Big Hill)]. The Company has applied for five new exploration licenses located to the south of Broken Hill and these cover at least twenty important heavy mineral sand (HMS) deposits containing titanium (Ti) and zirconium (Zr) minerals. Broken Hill Chemical Pty Limited (BCL), a 100% subsidiary of Broken Hill Prospecting Ltd was formed to plan a sulphuric acid business at Broken Hill.