Brockman Mining (159) Q3 2026 earnings summary

Executive summary

• Advanced the Marillana Project with MinRes under the agreed Indicative Development Proposal, focusing on technical, environmental, and social consultation work.

• Joint Venture with Hancock Prospecting and MinRes progressed infrastructure studies for new export facilities at Port Hedland.

• No mining production or development activities were undertaken during the quarter.

Project activities

• Confirmatory studies for Marillana indicate enhanced yields over 45% Fe and product quality above 61.5% Fe.

• Sinter testwork shows Marillana Fines can substitute for other Australian fines in Chinese steel mills.

• Environmental and water management plans updated; ongoing ecological and hydrological monitoring.

• Social Surrounds consultation with Traditional Owners ongoing, in line with updated WA environmental legislation.

• Heritage surveys completed at Ophthalmia and scheduled at Duck Creek East for 2026.

Financial highlights

• Consolidated cash position at 31 March 2026 was HK$2.8 million.

• Net cash used in operating activities for the quarter was HK$4.5 million; year-to-date HK$16 million.

• Net cash from financing activities was HK$4.5 million for the quarter.

• Estimated quarters of funding available: 7.56, with total available funding of HK$33.8 million.