Brockman Mining reports strong cash position, Marillana Project advances

Brockman Mining Limited reported a consolidated cash position of HK$5.3 million for the quarter ended September 30, 2025. The company's net cash used in operating activities amounted to HK$4,412,000, with notable payments including HK$936,000 for exploration and evaluation and HK$2,751,000 for staff costs. Proceeds from borrowings contributed HK$4,524,000 to financing activities, while an interest income of HK$18,000 was recorded.

During the quarter, Brockman and MinRes continued to advance the Marillana Project, progressing studies and approvals for proposed infrastructure at Port Hedland's Stanley Point 3, crucial for Marillana product export. Social surrounds consultation with Traditional Owners continued, alongside completion of an RC drilling program at the Punda Springs (100%) project, with results anticipated in November 2025.

The total estimated funding available for future operating activities stands at HK$30,364, suggesting 6.88 quarters of funding based on current outgoings. Payments to related parties totaled HK$1,333,000 for executive directors' salaries and non-executive directors' fees.