HKG:0159

Brockman Mining Unit Takes Full Ownership of Western Australia Project as Mineral Resources Subsidiary Exits

Brockman Mining (ASX:BCK, HKG:0159) unit Brockman East has secured 100% ownership of the Ophthalmia Project after agreeing with Mineral Resources' (ASX:MIN) subsidiary, Polaris Metals, to terminate Polaris' interest in the project effective July 1, according to an Australian bourse filing on Thursday after market hours.The associated AU$1.1 million Ophthalmia Project loan was also terminated, releasing Brockman East from its repayment obligations, per the filing.The Marillana Iron Ore Project joint venture remains unchanged, with both parties committed to advancing the project under the existing farm-in and joint venture agreement and the Marillana Project loan, the filing added.