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Brockman Mining Limited (ASX:BCK)

ALERT: Price-sensitive ASX Announcement for BCK
Current share price for BCK : $0.010 -0.012 (-54.55%)+
Announcement
Release
18 Sep 2025 8:21AM
Price at Release
$0.022
Full Release
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Summary
The Annual Results Announcement for Brockman Mining Limited for the year ended 30 June 2025 details the company's financial performance and project updates. The company reported a loss of HK$34.6 million, with no assessable profit recorded for the year. Key projects include the Marillana and Ophthalmia iron ore projects in Australia, with significant resources and reserves outlined. The Marillana project demonstrated potential with updated metallurgical testwork yielding improved recovery rates. Efforts are ongoing to develop infrastructure solutions for these projects, including a joint operation with Polaris. The financial results also highlight income from the sale of non-core tenements and exploration expenditures, while noting no provision for income tax due to the lack of assessable profits.
Key Points
  • Brockman Mining Limited reported a loss of HK$34.6 million for the year ended 30 June 2025.
  • No assessable profit was recorded, thus no income tax provision was made.
  • Marillana project has updated metallurgical results with improved recovery rates.
  • Ongoing development of Marillana and Ophthalmia projects with infrastructure planning.
  • Joint operation with Polaris includes an interest in the Ophthalmia project.
  • Income includes HK$2.77 million from the sale of non-core tenements.
  • Exploration and evaluation expenses totaled HK$6.5 million.
  • The company is awaiting infrastructure solutions for project advancements.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.