Brockman Mining (159) Q4 2025 earnings summary

Executive summary

• Advanced the Marillana Project with MinRes under the agreed Indicative Development Proposal, including technical studies and social consultation with Traditional Owners.

• Progressed joint venture infrastructure studies and approvals for new export facilities at Port Hedland's Stanley Point 3.

• Completed geological mapping at Three Pools and Hancock Range prospects to inform future exploration.

Financial highlights

• Consolidated cash position at 30 June 2025 was HK$5.3 million.

• Net cash used in operating activities for the quarter was HK$3.87 million; year-to-date net cash used was HK$19.33 million.

• Net cash from financing activities was HK$4.5 million for the quarter and HK$17.18 million year-to-date.

• Estimated quarters of funding available is 9.06, with total available funding of HK$35.07 million.

Outlook and guidance

• Ongoing focus on environmental management, water and greenhouse gas modelling, and continued social consultation for project approvals.

• Prioritization of Marillana Project development while Ophthalmia Project activities are reduced pending infrastructure finalization.