Brockman Mining (159) Q1 2026 earnings summary

Executive summary

• Advanced the Marillana Project with MinRes under the agreed Indicative Development Proposal, including technical studies and stakeholder consultations.

• Joint Venture with Mineral Resources Ltd and Hancock Prospecting Pty Ltd progressed infrastructure studies and approvals for new export facilities at Port Hedland.

• Completed a reverse circulation drilling program at the 100%-owned Punda Springs project; results expected in November 2025.

Financial highlights

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

• Net cash used in operating activities for the quarter was HK$4.4 million.

• Proceeds from borrowings during the quarter totaled HK$4.5 million.

• Estimated quarters of funding available is 6.88, with total available funding of HK$30.4 million.

Outlook and guidance

• Ongoing development of updated environmental management and monitoring plans for Marillana.

• Continued Social Surrounds consultation with Traditional Owners as required by new Western Australian legislation.

• Heritage surveys scheduled for further exploration at Hancock Range and Three Pools.

• Awaiting assay results from Punda Springs drilling program.