- Last 2026-11-05
- A$0.01
- 1D
- —
- 1M
- —
- YTD
- —
- 1Y
- —
- Fair value
- Locked: sign in to view
- Upside
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- Mkt cap
- A$92.8M
- EV
- A$115.5M
- Cash
- HKD 3.9M
- Debt
- HKD 126.8M
1 newer ASX announcement not yet reflected in this valuation
- Quarterly Activities/Appendix 5B Cash Flow ReportLatest Four Activities Reports
Investment view
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Sign in or enter a guest codeAnnouncements
Latest 12 of 7All sources ▸- Quarterly Activities and Appendix 5B - 30 June 2026Operations
- Quarterly Activities and Appendix 5B - 31 March 2026Operations
- Quarterly Activities and Appendix 5B - 31 December 2025Operations
- Quarterly Activities and Appendix 5B - 30 September 2025Operations
- Annual Report 2025Results
- Notification of cessation of securities - BCKCorporate Action
- Interim ReportResults
Event calendar · next 12 months
1 events| Timing | Event | Category | Confidence | Materiality | Investor relevance |
|---|---|---|---|---|---|
| Remainder of CY2026 | Marillana Traditional Owner consultation and approval-plan update | Permitting | Company Guided | High | A Traditional Owner report and consent path is an input to renewed environmental approval; any delay pushes infrastructure and mine FID farther out. |
Executive roster
As of 2026-09-26Background checks ▸FY2026 annual report pages 2 and 22-23 explicitly lists all executive directors, Australian operations CEO and company secretary; no later relevant leadership change was identified.
| Executive | Title | Normalized role | Appointed | Sources |
|---|---|---|---|---|
| Kwai Kwun, Lawrence | Executive Director | Executive Director | 2014-03-13 | Annual Report 2026 |
| Colin Paterson | Executive Director · Chief Executive Officer of Australian Operations | Executive Director · Chief Executive | 2015-02-25 | Annual Report 2026 |
| Chan Kam Kwan, Jason | Executive Director · Company Secretary | Executive Director · Company Secretary | 2008-01-02 | Annual Report 2026 |
devCoverage status: Complete As Disclosed
Portfolio detail
Assets
Core asset
Marillana Iron Ore Project
Australia
50% JV with Polaris. Site technical studies are complete and revised process design has slightly over 50% test yield, but renewed heritage/environmental approvals, mining proposal, and HanMin transport FID still precede Marillana FID. No development capex was recognized in FY2026.
Project location
Approximate location
© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Resources & reserves3
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | Measured, Indicated and Inferred DID | 1.4K Mt | 42.2% Fe | Iron Ore | 2018-05-25 |
| Mineral Resource | Indicated and Inferred CID | 101.9 Mt | 55.6% Fe | Iron Ore | 2018-05-25 |
| Ore Reserve | Probable DID and CID | 1K Mt | 967 Mt DID and 46 Mt CID; 404 Mt estimated final product at 59.8% Fe | Iron Ore | 2018-05-25 |
Tenements3
Milestones3
- Renew project approvals and complete social-surrounds consultation
Pending · High materiality
- HanMin infrastructure final investment decision
Pending · High materiality
- Marillana final investment decision
Pending · High materiality
Permits & approvals2
| Permit | Jurisdiction | Status | Expiry | Critical path |
|---|---|---|---|---|
| Environmental and heritage approval renewal | Western Australia and Australia | Pending | — | Yes |
| Mining proposal approval | Western Australia | Required | — | Yes |
Material
Ophthalmia Iron Ore Project
Australia
Brockman regained 100% ownership effective 1 July 2026 after Polaris surrendered its JV interest and discharged the Ophthalmia project loan. It is exploring independent development alternatives; no current transport solution or FID date is disclosed.
Project location
Approximate location
© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Resources & reserves1
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | Indicated and Inferred DSO | 340.9 Mt | 59.3% Fe | Iron Ore | 2014-12-01 |
Tenements9
Milestones2
- Hancock Range and Three Pools drilling
Pending · Medium materiality
- Resolve shared export infrastructure
Pending · High materiality
Other
Punda Springs Iron Ore Project
Australia
Regional exploration project; heritage-survey findings are under review and no Mineral Resource has been declared in the reviewed evidence.
Project location
Approximate location
© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Tenements6
Milestones1
- Review heritage-survey findings and define next exploration work
Pending · Low materiality
Other
Duck Creek and Duck Creek East
Australia
Duck Creek hosts an Inferred Mineral Resource but work is suspended pending an export solution; Duck Creek East remains an exploration target area.
Resources & reserves1
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | Inferred CID | 21.6 Mt | 55.91% Fe | Iron Ore | 2020-08-31 |
Tenements2
Milestones1
- Identify feasible export infrastructure
Pending · High materiality
Other
Juna Downs Iron Ore Project
Australia
The latest reviewed filing records one granted Juna Downs exploration licence; no resource, reserve, study, current programme or separate economic evidence was disclosed.
Tenements1
Funding, performance and ownership
Financials & Capital
Liquidity
Financial position
Audited cash was HK$3.922m and borrowings HK$126.753m at June 2026. A further shareholder draw after year-end and HK$61.750m Marillana joint-operation payable increase claim risk; the HK$6.101m Ophthalmia payable was discharged in July. Undrawn capacity supports the disclosed June-quarter runway, but 17% shareholder borrowing is expensive.
Capital structure
Ownership and dilution
- Ordinary shares
- 9.3B
- Fully diluted
- 9.3B
FY2026 annual ASX register at 11 September records 9,280,232,131 ordinary shares; no changes since June 2025. The 83 million legacy options expired without exercise in December 2024. No currently outstanding dilutive security was identified.
Security classes1
| Class | Type | Quantity | Strike | Expiry |
|---|---|---|---|---|
| Quoted ordinary fully paid shares | Ordinary Share | 9.3B | — | — |
Capital history
Capital events
| Date | Event | Amount | Shares | Price | Status | Terms |
|---|---|---|---|---|---|---|
| 2026-06-30Ann. 2026-07-30 | Debt | HKD 103.2M | — | — | Ongoing | — |
Contracts and ownership
Material economic arrangements These are deals that can affect sales, costs, funding or ownership. An arrangement marked “Included in valuation” may already be built into a project estimate or the bridge to shareholder value. A separate amount is shown only when one can be estimated; do not add it again.
FY2026 audited annual report and August Ophthalmia termination reconciled with the 2023 agreement summary and recent quarterlies; no live commodity or FX hedge was disclosed.
Polaris holds half of Marillana and manages the joint operation; Brockman receives half of attributable ore economics and bears half of JV capital and operating commitments.
Joint Venture · Active- Counterparties
- Polaris Metals Pty Ltd · Mineral Resources Limited
- Applies to
- Marillana Iron Ore Project · Iron Ore
- Economic direction
- Mixed
- Period
- From 2021-04-22; no end date stated
- Key terms
- Brockman interest: 50 %
Polaris interest: 50 %
forward cost share: 50 %
No valuation treatment is available for this arrangement.
MinRes is expected to fund joint operators project capital through loans repayable from Brockman share of net project revenue if development proceeds; no currently executable project schedule or final amount.
Other · Conditional- Counterparties
- Mineral Resources Limited
- Applies to
- Marillana Iron Ore Project · Iron Ore
- Economic direction
- Mixed
- Period
- From 2021-04-22; no end date stated
- Key terms
- initial project loan expectation: 676,000,000 AUD
No valuation treatment is available for this arrangement.
MinRes is responsible for a port export solution and may own and operate non-process infrastructure; future service tariffs remain undisclosed.
Tolling Or Processing · Conditional- Counterparties
- Mineral Resources Limited
- Applies to
- Marillana Iron Ore Project · Iron Ore
- Economic direction
- Mixed
- Period
- From 2021-04-22; no end date stated
- Key terms
- non-process infrastructure: build-own-operate
mine-to-ship logistics: MinRes responsibility
No valuation treatment is available for this arrangement.
Secured Polaris loan is repayable from Brockman share of Marillana net product-sale revenue. It is included in reported borrowings and deducted once in the equity bridge.
Other · Active- Counterparties
- Polaris Metals Pty Ltd
- Applies to
- Marillana Iron Ore Project · Iron Ore
- Economic direction
- Burden
- Period
- From 2019-11-18; no end date stated
- Key terms
- original advances: 10,000,000 AUD
interest: 0 %
No valuation treatment is available for this arrangement.
Brockman share of joint-operation expenditure owed to MinRes is separately reported from borrowings and is deducted once in the equity bridge.
Other · Active- Counterparties
- Mineral Resources Limited
- Applies to
- Marillana Iron Ore Project · Iron Ore
- Economic direction
- Burden
- Period
- Dates not stated
- Key terms
- joint-operation payable: 61,750,000 HKD
repayment date: 2027-09-30
No valuation treatment is available for this arrangement.
HanMin and Roy Hill are working on rail and port services for the proposed Marillana export chain; Brockman has no disclosed economic interest in that infrastructure JV.
Strategic Partnership · Conditional- Counterparties
- Mineral Resources Limited · Hancock Prospecting Pty Ltd · Roy Hill Holdings Pty Ltd
- Applies to
- Marillana Iron Ore Project · Iron Ore
- Economic direction
- Benefit
- Period
- From 2021-11-29; no end date stated
- Key terms
- port capacity: allocated
final investment decision: pending
No valuation treatment is available for this arrangement.
The Ophthalmia JV ended effective 1 July 2026; Brockman regained full ownership and the associated project loan was discharged.
Joint Venture · Terminated- Counterparties
- Polaris Metals Pty Ltd · Mineral Resources Limited
- Applies to
- Ophthalmia Iron Ore Project · Iron Ore
- Economic direction
- Mixed
- Period
- From 2021-11-30; no end date stated
- Key terms
- former Polaris interest: 50 %
loan discharge: 1,128,000 AUD
This arrangement has ended; no current valuation treatment is required.
Minority joint venture investment in port and related infrastructure; not a direct claim on Marillana economics.
Joint Venture · Active- Counterparties
- NWIOA Ops. Pty Ltd
- Applies to
- Company-wide
- Economic direction
- Benefit
- Period
- Dates not stated
- Key terms
- ownership: 37 %
carrying value: 647,000 HKD
No valuation treatment is available for this arrangement.
Intrinsic value
Valuation
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Sensitivity lab
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Sign in or enter a guest codePeople, delivery and responsibility
Management background checks
Brockman’s three rostered executives have long service spanning investment, iron-ore resource development and listed-company governance. Company delivery remains mixed: Marillana is pre-production, with infrastructure and approvals unresolved; FY2026 reported no revenue, an HK$28.8m continuing-operations loss and going-concern funding uncertainty. The 2026 annual report states no work-related fatalities in exploration/evaluation and reports compliance, which remains issuer-reported. The record includes a resolved historical rail-access challenge, a 2011 Takeovers Panel complaint that produced no declaration, and a former Brockman CEO’s criminal case concerning another company and pre-appointment conduct. None is evidence of personal wrongdoing by the current executives. Jason Chan also holds a concurrent executive-director role at Concord New Energy; its reported FY2025 and H1 2026 results were mixed, with earnings down and selected cash-flow/project-delivery measures improving.
Decision-relevant facts
Material summary
Kwai Kwun, Lawrence
Executive Director
Executive director is the chair’s son at a controlled company
The issuer identifies Lawrence as the chair’s son and a member of the Executive Committee. It reports chair Kwai Sze Hoi as a substantial shareholder through Ocean Line and describes him as not independent; the board states it considers his commercial experience more valuable to this stage than independence. The 2026 report also states three of seven directors were independent and discloses substantial related-party loans. The relationship and concentration are governance context; the report identifies no finding that Lawrence breached a duty.
Role overlaps event; causation unproven · The published family and control relationship is direct; no personal misconduct is alleged. Board-level checks are relevant to any executive director serving under a controlling chair.
Core iron-ore projects remain pre-production after prolonged delay
At 30 June 2026 Brockman reported no revenue, a HK$28.8m continuing-operations loss, HK$3.9m cash, operating outflows and going-concern uncertainty. Its 50%-owned Marillana project had no infrastructure FID, pending corridor approvals, environmental/heritage renewals and mining approval; the company says the delay was longer than expected. Lawrence has been an executive director and investment committee member during most of this period. This documents an unresolved company-level delivery and funding setback, not personal causation.
Role overlaps event; causation unproven · Board and Executive Committee oversight overlap; no evidence identifies Lawrence as the sole decision-maker or links him personally to the delay.
Evidence gaps · 4
- No exhaustive individual criminal, sanctions, litigation, safety, environmental or regulatory record search was performed; logged open-web checks are limited and are not a clearance.
- Exact dates and full duties at prior employers are not available in the cited issuer biographies; missing dates are left unknown.
- Company outcome findings are role-overlap evidence unless a source identifies the person’s actions. No exhaustive criminal, sanctions, court, professional-register or individual regulator search was performed.
- The issuer’s environmental and safety data are self-reported; exploration-stage activity and a lack of reported incidents do not establish independently audited performance.
Colin Paterson
Executive Director, Chief Executive Officer of Australian Operations
Marillana has not reached investment decision or construction
The 2026 annual report says studies and engineering for Marillana are complete, but FID remains conditional on renewed heritage and environmental approvals, a mining proposal approval and HanMin infrastructure FID; infrastructure construction would then take an estimated 26 months. The group disclosed no FY26 revenue, an HK$28.8m loss, low cash and material going-concern funding uncertainty. Paterson has led Australian operations since 2015 and chairs the Risk Management Committee; he joined the health, safety, environment and sustainability committee in November 2025. This is direct role overlap with a long-standing delivery delay, not a finding that he caused it.
Role overlaps event; causation unproven · Paterson’s operational and risk oversight responsibilities overlap with project advancement; the key infrastructure solution and approvals are allocated in the JV to MinRes/HanMin and authorities. No individual causal finding is made.
Evidence gaps · 4
- No exhaustive individual criminal, sanctions, litigation, safety, environmental or regulatory record search was performed; logged open-web checks are limited and are not a clearance.
- Exact dates and full duties at prior employers are not available in the cited issuer biographies; missing dates are left unknown.
- Company outcome findings are role-overlap evidence unless a source identifies the person’s actions. No exhaustive criminal, sanctions, court, professional-register or individual regulator search was performed.
- The issuer’s environmental and safety data are self-reported; exploration-stage activity and a lack of reported incidents do not establish independently audited performance.
Chan Kam Kwan, Jason
Executive Director, Company Secretary
Development-stage business remains reliant on future approvals and funding
By FY26 Brockman had not earned revenue; the annual report records an HK$28.8m continuing-operations loss, HK$3.9m cash and material uncertainty over raising funding, while Marillana infrastructure and approvals remain outstanding. Chan has served as company secretary and executive director throughout this period. This is company-level funding and delivery context relevant to disclosure oversight, not evidence of a personal breach or individual project-management responsibility.
Role overlaps event; causation unproven · Executive-board and disclosure oversight overlap; no source identifies a personal breach or causal responsibility.
Secretary handled disclosure of former CEO’s unrelated criminal proceedings
In September 2013, while Chan was Brockman company secretary and executive director, he signed a contemporaneous issuer disclosure that said then-CEO Peter Luk had been charged by Hong Kong’s ICAC for conduct predating Luk’s Brockman appointment and unrelated to Brockman or its subsidiaries; Brockman said it would monitor the case. The ICAC later reported Luk’s August 2014 conviction for bribery and conspiracy in a transaction involving China Mining Resources, followed by imprisonment and director disqualification. A 2016 Court of Final Appeal case update records dismissal of appeals. The misconduct was Luk’s personal conduct at another company; no personal link to Chan or Brockman affairs was identified. Chan’s documented involvement is disclosure in his company-secretary capacity.
Role overlaps event; causation unproven · Chan signed the issuer disclosure in his secretary capacity; this does not connect him to the underlying transaction or misconduct. The source explicitly says it did not relate to Brockman.
Evidence gaps · 4
- No exhaustive individual criminal, sanctions, litigation, safety, environmental or regulatory record search was performed; logged open-web checks are limited and are not a clearance.
- Exact dates and full duties at prior employers are not available in the cited issuer biographies; missing dates are left unknown.
- Company outcome findings are role-overlap evidence unless a source identifies the person’s actions. No exhaustive criminal, sanctions, court, professional-register or individual regulator search was performed.
- The issuer’s environmental and safety data are self-reported; exploration-stage activity and a lack of reported incidents do not establish independently audited performance.
Company ownership
Investors & shareholders
Top registered shareholders
Register at 2026-09-11 · 9,280,232,131 issued shares
| # | Investor / registered holder | % issued shares | Shares held |
|---|---|---|---|
| 1 | 20.09% | 1,864,763,275 | |
| 2 | 14.02% | 1,301,270,318 | |
| 3 | 12.26% | 1,137,981,698 | |
| 4 | 9.98% | 925,836,636 | |
| 5 | 5.73% | 531,828,276 | |
| 6 | 5.64% | 523,811,034 | |
| 7 | 4.27% | 395,920,608 | |
| 8 | 3.60% | 333,961,512 | |
| 9 | 3.22% | 298,851,432 | |
| 10 | 3.10% | 287,547,784 | |
| 11 | 2.41% | 223,226,200 | |
| 12 | 1.99% | 185,079,778 | |
| 13 | 1.94% | 180,021,496 | |
| 14 | 1.88% | 174,668,000 | |
| 15 | 1.36% | 126,469,600 | |
| 16 | 1.19% | 110,776,863 | |
| 17 | 0.86% | 80,000,000 | |
| 18 | 0.86% | 80,000,000 | |
| 19 | 0.84% | 78,340,560 | |
| 20 | 0.83% | 77,425,420 |
Sources & review notesEvidence checked through 2026-10-09
Coverage and limitations
- The annual report has an apparent 2,000,000-share mismatch: the distribution schedule and top-20 plus balance reconcile to 9,280,232,131, while the printed grand total says 9,282,232,131. The distribution schedule total is used.
- Many large lines are CCASS participants/custodians, and the issuer says their beneficial owners may differ.
Sources
- Annual Report to shareholders 2026
ASX announcement / Black Cat Syndicate Limited · Published 2026-09-17 · Accessed 2026-10-09
Table marks registrar accounts (*) and CCASS participant accounts (∆), and disclaims beneficial ownership attribution for CCASS positions.
page 143, distribution and 20 largest security holders as at 11 September 2026, local copy downloads/BCK/2026/2026-09-17_Annual Report to shareholders_1cc1a2c2fa2ae6f4.pdf
Disclosed activity
Insider transactions
Trading activity1 buy · 0 sells shownNet cash last 12 months no tradesShow chartHide chart
| Date | Person / account | Activity / security | Quantity | Cash consideration | Price | Holding after |
|---|---|---|---|---|---|---|
| 2024-12-31 | Ross Stewart NorgardLongfellow Nominees Pty Ltd <Aeolus Trust>
Details & evidence for Ross Stewart Norgard on 2024-12-31The FY2025 option table reports Norgard’s 1,500,000 2021A options as lapsed; the 2024 Appendix 3Y gives an exercise period ending 31-Dec-2024. The company-wide Appendix 3H reports expiry without exercise of the matching HKD0.213 BCKAAB class but does not identify holders. As disclosed: 1,500,000 2021A options, exercise price HKD0.213, exercise period ending 31 December 2024; FY2025 Annual Report records all 1,500,000 as lapsed.
Longfellow Nominees Pty Ltd <Aeolus Trust> · controls Longfellow Nominees Pty Ltd, which holds shares for the Aeolus Trust Change of Director's Interest Notice ↗ Annual Report to shareholders ↗ Notification of cessation of securities - BCK ↗ | Expiry2021A unlisted share options; exercise price HKD 0.213 | 1,500,000 | —Non Cash | — | 0 |
| 2024-06-21 | Ross Stewart NorgardLongfellow Nominees Pty Ltd <Aeolus Trust>
Details & evidence for Ross Stewart Norgard on 2024-06-21The reported account-specific Aeolus Trust shareholding reconciles from 43,275,400 to 43,851,558 shares. The form’s separately stated aggregate headline totals exceed the sum of the ordinary-share accounts by 1,500,000, the same amount as the listed options; those aggregate totals are not used for this account-level event. As disclosed: 576,158 shares on-market purchase; average price at A$0.018434 per share.
Longfellow Nominees Pty Ltd <Aeolus Trust> · controls Longfellow Nominees Pty Ltd, which holds shares for the Aeolus Trust Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | PurchaseOrdinary shares | 576,158 | —Not Disclosed | AUD 0.018434Disclosed price | 43,851,558 |
Disclosed holding observations2 dated positions
Initial, final and threshold notices describe positions; these are not counted as purchases or sales.
| Holding at | Person / group | Type / security | Quantity | Percentage |
|---|---|---|---|---|
| 2024-06-21 | Ross Stewart Norgard
Details & evidence for Ross Stewart Norgard on 2024-06-21Position in Longfellow Nominees Pty Ltd <Aeolus Trust>; not the reported aggregate including options.
Longfellow Nominees Pty Ltd <Aeolus Trust> · controls Longfellow Nominees Pty Ltd, which holds shares for the Aeolus Trust Change of Director's Interest Notice ↗ | PositionOrdinary shares | 43,851,558 | — |
| 2024-06-21 | Ross Stewart Norgard
Details & evidence for Ross Stewart Norgard on 2024-06-21Options were held at the 21-Jun-2024 disclosure date; subsequent lapse is recorded separately.
Longfellow Nominees Pty Ltd <Aeolus Trust> · controls Longfellow Nominees Pty Ltd, which holds shares for the Aeolus Trust Change of Director's Interest Notice ↗ | Position2021A unlisted share options; exercise price HKD 0.213; expiry 2024-12-31 | 1,500,000 | — |
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Narrative and provenance
Research & Sources
The full analyst report, its figures and the broker-style PDF are available to subscribers and invited guests.
Sign in or enter a guest codeChronological evidenceSource-document inventory10 documents
BCK local ASX ordinary-share closeMarket Data · HighExtracted
Required local market-history lookup selected the 25 September 2026 ASX BCK ordinary-share close of A$0.012 with volume 5,057; one calendar day before cutoff.
- Document ID
- bck-market-price-2026-09-25
- Published UTC
- 2026-09-25T06:00:00Z
- Projects
- —
- Commodities
- —
Annual Report 2026Results · HighExtracted
Audited FY2026 report confirms no development capex, updated Marillana approvals, 100% Ophthalmia ownership after July surrender, FY2026 losses, cash and obligations.
- Document ID
- bck-annual-2026-09-17
- Published UTC
- 2026-09-16T22:17:00Z
- Projects
- marillana · ophthalmia · punda-springs · duck-creek · juna-downs
- Commodities
- iron_ore
Ophthalmia Project - Surrender of JV Interest by PolarisEconomic Arrangement · HighExtracted
Polaris surrendered its Ophthalmia JV interest effective 1 July; Ophthalmia loan discharged; Marillana farm-in remains active.
- Document ID
- bck-ophthalmia-jv-2026-08-20
- Published UTC
- 2026-08-20T09:14:00Z
- Projects
- ophthalmia · marillana
- Commodities
- iron_ore
Quarterly Activities and Appendix 5B - 30 June 2026Operations · HighExtracted
Latest quarterly filing confirms no production, stable shares, HK$3.919 million cash and 7.19 quarters of funding including undrawn facilities.
- Document ID
- bck-quarter-2026-07-30
- Published UTC
- 2026-07-30T08:21:46Z
- Projects
- marillana · ophthalmia · punda-springs · duck-creek · juna-downs
- Commodities
- iron_ore
Quarterly Activities and Appendix 5B - 31 March 2026Operations · MediumExtracted
Quarterly update showed pre-production status, continued permitting work, and reliance on shareholder facilities.
- Document ID
- bck-quarter-2026-04-29
- Published UTC
- 2026-04-29T08:07:35Z
- Projects
- marillana · ophthalmia · punda-springs · duck-creek
- Commodities
- iron_ore
Quarterly Activities and Appendix 5B - 31 December 2025Operations · MediumExtracted
Quarterly project update, capital structure and liquidity disclosure.
- Document ID
- bck-quarter-2026-01-29
- Published UTC
- 2026-01-29T08:39:09Z
- Projects
- marillana · ophthalmia · punda-springs · duck-creek
- Commodities
- iron_ore
Quarterly Activities and Appendix 5B - 30 September 2025Operations · MediumExtracted
Quarterly project and liquidity update; Marillana remained pre-FID and there was no mining production.
- Document ID
- bck-quarter-2025-10-30
- Published UTC
- 2025-10-30T08:22:02Z
- Projects
- marillana · ophthalmia · punda-springs · duck-creek
- Commodities
- iron_ore
Annual Report 2025Results · HighExtracted
Audited financial, capital, ownership, tenure, resource, reserve, permitting and infrastructure evidence for the iron-ore portfolio.
- Document ID
- bck-annual-2025-09-18
- Published UTC
- 2025-09-17T22:21:22Z
- Projects
- marillana · ophthalmia · punda-springs · duck-creek · juna-downs
- Commodities
- iron_ore
Notification of cessation of securities - BCKCorporate Action · MediumExtracted
Notice records expiry or cancellation of all remaining legacy options without exercise.
- Document ID
- bck-cessation-2025-01-03
- Published UTC
- 2025-01-03T08:37:23Z
- Projects
- —
- Commodities
- —
Interim ReportResults · LowExtracted
Historical half-year financial and going-concern evidence; later filings supersede its liquidity figures.
- Document ID
- bck-interim-2023-02-28
- Published UTC
- 2023-02-27T20:51:04Z
- Projects
- marillana · ophthalmia
- Commodities
- iron_ore
Evidence facts66
17366000 HKD
2022-12-3183000000 options
2024-12-310 options
2025-01-039280232131 shares
2025-06-305274000 HKD
2025-06-3092461000 HKD
2025-06-301506.3 Mt
2018-05-251013 Mt
2018-05-25404 Mt
2018-05-2545 % or greater
2023-06-3050 %
2025-06-30340.9 Mt at 59.3% Fe
2014-12-0150 %
2025-06-3021.6 Mt at 55.91% Fe
2020-08-3194 USD/dmt
2025-06-30Heritage and environmental renewals, mining proposal approval and HanMin infrastructure FID None
2025-09-175339000 HKD
2025-09-306.88 quarters
2025-09-302722000 HKD
2025-12-315.34 quarters
2025-12-319280232131 shares
2025-12-312810000 HKD
2026-03-3131034000 HKD
2026-03-317.56 quarters
2026-03-313919000 HKD
2026-06-30103182000 HKD
2026-06-3025793000 HKD
2026-06-307.19 quarters
2026-06-309280232131 shares
2026-06-30False None
2026-06-3050 %
2026-07-01100 %
2026-07-011128000 AUD
2026-07-01Continuing in full force None
2026-08-209280232131 shares
2026-09-113922000 HKD
2026-06-30126753000 HKD
2026-06-3061750000 HKD
2026-06-306101000 HKD
2026-06-30-28783000 HKD
2026-06-30-19605000 HKD
2026-06-309024000 HKD
2026-06-300 HKD
2026-06-3050 %
2026-09-16100 %
2026-07-011404.4 Mt
2026-06-30101.9 Mt
2026-06-301013 Mt
2026-06-30404 Mt
2026-06-30340.9 Mt
2026-06-3021.6 Mt
2026-06-30Renewed heritage and environmental approvals, mining proposal approval, HanMin FID None
2026-09-16Pending access, native title, government approvals and PPA agreement None
2026-09-1626 months
2026-09-1617 % per annum
2026-06-302027-12-31 None
2026-09-162027-09-30 None
2026-09-1610000000 AUD
2026-06-3037 %
2026-06-3050 %
2026-09-16Ongoing with Banjima and Nyiyaparli; further planning through CY2026 None
2026-09-160.012 AUD/share
2026-09-250.012 AUD/share
2026-09-255057 shares
2026-09-25market data provider via miners.collect_stock_prices None
2026-09-25one ASX BCK ordinary share None
2026-09-25Conflicts requiring judgment3
- Ophthalmia ownership
The August 2026 surrender is effective 1 July 2026 and supersedes the prior 50% interest.
- June 2026 cash balance
The Appendix 5B reports HK$3.919m and audited year-end cash HK$3.922m, a HK$3,000 reporting difference. Audited balance is used in the equity bridge; Appendix 5B amount remains the denominator for its runway calculation.
- June 2026 drawn facilities versus audited borrowings
Appendix 5B drawn financing facilities of HK$103.182m and audited HK$126.753m borrowings use different reporting bases. The audited amortised-cost carrying value is used for the equity bridge; facility capacity is used only for liquidity.