CONSOLIDATED BROKEN HILL LTD

REVITALISATION OF CENTRAL REVITALISATION OF CENTRAL BROKEN HILLBROKEN HILL

August 2001

CBH August 2001

• 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

The CompanyThe Company

CBH August 2001

Directors and ManagementDirectors 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

CBH August 2001

• 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

Directors and ManagementDirectors and Management

CBH August 2001

Project LocationProject Location

CBH August 2001

History of Broken HillHistory of Broken Hill

Giant class deposit discovered 1883Giant class deposit discovered 1883

Funded industrialisation of AustraliaFunded industrialisation of Australia

Total zinc-lead-silver ore mined ~ Total zinc-lead-silver ore mined ~ 200Mt with revenue worth $70b in 200Mt with revenue worth $70b in today’s termstoday’s terms

CBH holds central 3.8kmCBH holds central 3.8km

CBH August 2001

00m RL

-1000m RL

Kint

ore

Pit

Delp

rats

Sha

ft

Blac

kwoo

d Pi

t

Brow

ne &

Mar

sh S

hafts

North

Ope

n Cu

t

Companies built from Broken HillCML 7S W N E

2 Kilometres2 Kilometres

* after Morland & Webster 1998

PASMINCOPASMINCO

CRACRA

BROKEN HILL SOUTHBROKEN HILL SOUTHNORTHSNORTHS

BHPBHP

PASMINCOPASMINCO

Main Lode

No 7

Sha

ft

CBH August 2001

00m RL

-1000m RL

Kint

ore

Pit

Delp

rats

Sha

ft

Blac

kwoo

d Pi

t

Brow

ne &

Mar

sh S

hafts

North

Ope

n Cu

t

Companies built from Broken HillCML 7S W N E

2 Kilometres2 Kilometres

* after Morland & Webster 1998

Main Lode

* ~34 Million tonnes* ~106 Million tonnes ~ 54 Million tonnes

No 7

Sha

ft

CBH August 2001

Iberian Pyrite Belt35 Mt Zn13 Mt Pb

Irish Central Plain14 Mt Zn4 Mt Pb

Selwyn Basin18 Mt Zn9 Mt Pb

Tri-State District14 Mt Zn4 Mt Pb

AbitibiSubprovince

17 Mt Zn~1 Mt Pb

Aravalit-DelhiOrogenic Belt

16 Mt Zn5 Mt Pb

NW QueenslandMineral Province

45 Mt Zn24 Mt PbBroken Hill

24 Mt Zn20 Mt Pb

Base Metal Provinces

CBH August 2001

Consolidated Mining Lease Consolidated Mining Lease 7 (CML7)7 (CML7)Historical production:~54Mt @ 6.5% Zn, 12.5% Pb, 280g/t Ag from Main Lode (in white)

NN

Western Mineralisation:2m-40m wide unmined western lode (in yellow) paralleling main lode

CBH August 2001

Resource BaseResource Base

• 2.5mt @ 10% Pb+Zn – Western Mineralisation2.5mt @ 10% Pb+Zn – Western Mineralisation

Current

• >10 yr mining life @ 1mt p.a (>10% Pb+Zn)>10 yr mining life @ 1mt p.a (>10% Pb+Zn)

Target

Developed from:

Western Mineralisation Zinc lodes

Centenary Mineralisation Eastern lode

Remnant main lode

CBH August 2001

General Cross SectionGeneral Cross Section

MainLode

SEA LEVEL

9,800m RL

9,600m RL

9,400m RL

9,200m RL

10,200m RL

Globe – Vauxhall Shear

WESTERNMINERALISATION

CENTENARYMINERALISATION

500 Metres

Current Resource Outline

CBH August 2001

Drill holes along drive

Resource OutlineResource OutlineNN

CBH August 2001

CBH Western Mineralisation CBH Western Mineralisation DrillingDrilling

(May 2001)(May 2001)

HoleHole FromFrom(m)(m)

Interval Interval (m)(m)

ZnZn%%

PbPb%%

AgAgg/tg/t

40014001 298298 44 3.13.1 4.44.4 5050

40024002 297.3297.3 15.515.5 6.16.1 4.34.3 2727

(including) (including) .. 303.4303.4 44 15.915.9 9.59.5 5050

CBH August 2001

Kint

ore

Pit

Delp

rats

Sha

ft

Blac

kwoo

d Pi

t

Brow

ne &

Mar

sh S

hafts

North

Ope

n Cu

t

CML 7S W N E

00m RL

-1000m RL

2 Kilometres

Zinc lodes

Centenary Mineralisation

Lead lodes

Zinc and Lead Lodes

No 7

Sha

ft

Western Mineralisation

CBH August 2001

200 Metres

No 4 LEVEL

No 8 LEVEL

No 12 LEVEL

No 16 LEVEL

No 20 LEVEL

Sea LevelRL 10,000m

Zinc LodesZinc LodesC

LodeB

LodeA LodeUpper

A LodeLower

Lead LodesLead Lodes((Main LodeMain Lode)) 2 Lens

3 Lens

Zinc and Lead Lodes, CML8

1 Lens

CBH August 2001

Zinc and Lead Lode Extensions Zinc and Lead Lode Extensions

NN

Approximately 1 Approximately 1 kmkm

CBH August 2001

EOH270m

-300m RL

-200m RL

-100m RL

C lode horizon

B lode

100m W 00m 100m E

LZDD50

00

LZDD50

01

Unmined (Stoped)

Zinc Lodes

Lead Lodes100 Metres

EOH216.3m

Zinc and Lead Lodes, CML7Zinc and Lead Lodes, CML7Diagramatic Illustration of Drilling ResultsDiagramatic Illustration of Drilling Results

CBH August 2001

CBH Zinc LodeCBH Zinc LodeProgrammeProgramme

(April-May 2001)(April-May 2001)HoleHole FromFrom

(m)(m)Interval Interval

(m)(m)ZnZn%%

PbPb%%

AgAgg/tg/t

B LodeB Lode 50015001 133133 4.34.3 23.123.1 9.29.2 107107

C LodeC Lode 5002A5002A 73.273.2 4.14.1 10.710.7 1.71.7 2121

No. 2 LensNo. 2 Lens 50005000 249.1249.1 20.920.9 7.57.5 1313 8787

Drilling results confirm:Drilling results confirm: Extension of B & C zinc lodes into CML7Extension of B & C zinc lodes into CML7 Presence of unmined lenses of high-grade main lodePresence of unmined lenses of high-grade main lode

CBH August 2001

Exploration PotentialExploration Potential

NN

Eastern lode horizonEastern lode horizon Main lode at depthMain lode at depth Main lode droppersMain lode droppers

CBH August 2001

CBH August 2001

1 Kilometre

Gneiss

Reference

MetasedimentsAmphibolite

Shear Zone

Lode Zone

No 7 Shaft

BrowneShaft

DelpratShaftKintore Pit

BHP Pit Blackwood Pit

NorthOpenCutBlock 14

Pit

CBH August 2001

Proposed DeclineProposed Decline

1480’ Drive LevelKintore

Pit

DriveLevel

1000’

NN

Proposed Decline

CBH August 2001

Decline Access Decline Access

Conceptual, not to scaleConceptual, not to scale

CBH August 2001

STAGE 1STAGE 1

Stage 1Stage 1 DevelopmentDevelopment2-Dimensional Diagramatic Representation2-Dimensional Diagramatic Representation

STAGE 1STAGE 1

CBH August 2001

Kintore Open Pit

CBH August 2001

PortalPortal

Haul RoadHaul Road

HMS PlantHMS Plant

CrusherCrusher

Truck Truck RampRamp

Concept for Kintore PitNN

CBH August 2001

Heavy Medium SeparationHeavy Medium Separation

Head Grade Sink Sink Grade Metal Recovery

8% Pb+Zn 57.5% 13.4% Pb+Zn 91%

** Metcom LaboratoriesMetcom LaboratoriesS.G. of heavy media: 2.96S.G. of heavy media: 2.96Sample ¼ NQ core, diamond drill hole 3230Sample ¼ NQ core, diamond drill hole 3230

* Preliminary testwork on Western Mineralisation* Preliminary testwork on Western Mineralisation

• Tennessee – Savage ResourcesTennessee – Savage Resources• Woodcutters – Nicron ResourcesWoodcutters – Nicron Resources

CBH August 2001

• Acquisition & CorporateAcquisition & Corporate $ 4.9m$ 4.9m

• InfrastructureInfrastructure $ 5.9m$ 5.9m

• Mine DevelopmentMine Development $ 6.9m$ 6.9m

• Mine OperatingMine Operating $ 4.6m$ 4.6m

• Stage 2 Feasibility Stage 2 Feasibility $ 2.0m$ 2.0m

SubtotalSubtotal $ 24.3m$ 24.3m

• Stage 1 RevenueStage 1 Revenue $ 5.6m$ 5.6m

TotalTotal $ 18.7m$ 18.7m

Estimated Project Costs – Stage 1

CBH August 2001

CML7 Development PlanCML7 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.

CBH August 2001

ExpectedExpected Project ScheduleProject Schedule

• Data Analysis, DrillingData Analysis, Drilling Feb 01 - June 01Feb 01 - June 01

• Initial Mining Approval, Equity FundingInitial Mining Approval, Equity Funding May 01 - Sept May 01 - Sept 0101

• Decline DevelopmentDecline Development Dec 01 - Jun 02Dec 01 - Jun 02

• Stage 1 Production (120,000t) Stage 1 Production (120,000t) Jun 02 - Dec 02Jun 02 - Dec 02

• Project Expansion Feasibility & FundingProject Expansion Feasibility & Funding Jul 02 - Sept 02Jul 02 - Sept 02

• Stage 2 Expansion (500,000tpa)Stage 2 Expansion (500,000tpa) Feb 03 - Oct 03Feb 03 - Oct 03

CBH August 20015 Kilometres

City ofBroken Hill

CML7

Pasminco tenements

Pospect

Operating mill

Reference

Broken Hill orebody

Broken Hill TenureBroken Hill Tenure

CBH August 2001

0

10

20

30

40

50

60

Jun-99 Jun-00 Jun-01 (est)

Ore (mt)

Production Reserves Resources

Pasminco Reserves / ResourcesPasminco Reserves / Resources

CBH August 2001

0200400600800

1000120014001600

1999 2000 2001 (est)

('000 t)

Zinc Lead

Reserves by Metal ContentReserves by Metal Content

CBH August 2001

0

1000

2000

3000

Oct-00 Dec-00 Feb-01 Apr-01 Jun-01 Aug-01

A$/t

Zinc Lead

Zinc & Lead Prices12 Month Trend

CBH August 2001

• Revisiting major orebodyRevisiting major orebody

• Existing drilled resourceExisting drilled resource

• Established infrastructureEstablished infrastructure

• Continuous mining leaseContinuous mining lease

• No land title issues likelyNo land title issues likely

• Low capital entry to productionLow capital entry to production

• Early cash flow projectedEarly cash flow projected

Summary - CML7

CBH August 2001

Expected Timetable

• Marketing Marketing June - AugustJune - August

• Prospectus issuedProspectus issued SeptemberSeptember

• AIM listingAIM listing OctoberOctober

CBH August 2001

CML7 PanoramaCML7 Panorama