Brockman Mining (159) Q2 2026 earnings summary

Executive summary

• Advanced the Marillana Project with MinRes, focusing on development and infrastructure planning for iron ore export via Port Hedland.

• Joint Venture with Hancock Prospecting and MinRes progressing approvals for new port and logistics infrastructure.

• Continued engagement with Traditional Owners for environmental and social approvals.

• Encouraging exploration results at Punda Springs, with significant iron ore intercepts.

Financial highlights

• Consolidated cash position at 31 December 2025 was HK$2.7 million.

• Net cash used in operating activities for the quarter was HK$7.1 million.

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

• Estimated quarters of funding available: 5.34, with total available funding of HK$38.0 million.

Outlook and guidance

• Ongoing development of Marillana and Ophthalmia Projects, with focus on securing final investment decision for new port infrastructure.

• Continued environmental, water, and greenhouse gas management planning to support project approvals.

• Heritage and social consultation to continue through 2026.