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Brockman Mining Limited (ASX:BCK)

ALERT: Price-sensitive ASX Announcement for BCK
Current share price for BCK : $0.011 0 (0%)+
Announcement
Release
20 Aug 2026 7:14PM
Price at Release
$0.011
Full Release
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Summary
Brockman Mining Limited announced that its subsidiary, Brockman East Pty Limited, and Polaris Metals Pty Limited, a subsidiary of Mineral Resources Limited, have mutually agreed to Polaris surrendering its interest in the Ophthalmia Project, effective July 1, 2026. This decision allows Brockman Mining to hold 100% ownership of the project and explore development alternatives. The Ophthalmia Project Loan was terminated, and Brockman East was released from any obligation to repay the outstanding loan amount of A$1,128,000. The FJV Agreement concerning the Marillana Iron Ore Project remains in place, with both Brockman and MinRes committed to its development.
Key Points
  • Polaris Metals Pty Limited surrendered its interest in the Ophthalmia Project.
  • Brockman now holds 100% ownership of the Ophthalmia Project.
  • The Ophthalmia Project Loan was terminated, discharging Brockman East from repayment.
  • Outstanding loan amount was A$1,128,000 as of June 30, 2026.
  • The FJV Agreement for the Marillana Iron Ore Project is still active.
  • Brockman Mining and MinRes remain committed to the Marillana Iron Ore Project.
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.