Subiaco-based Brockman can confirm that it has signed a Confidentiality Agreement with Haoning Group relating to potential iron ore off-take agreements and a possible equity position in the Company and that Managing Director Mr Wayne Richards held discussions with Haoning Group during his recent visit to China.
Brockman Resources said that it is aware of overseas news wire reports that Chinese iron ore trader Haoning Group is in talks with Brockman to secure an iron ore off-take agreement and to take an equity position in the Company.
No commercial agreements or undertakings have been entered into at this stage.
Brockman would also like to advise that positive meetings were held with a number of steel mills and iron ore traders during Mr Richards' recent visit to China.
Discussions were centred on potential off-take agreements for iron ore from the Company's proposed 10Mtpa Marillana Project.
The Company expects that several confidentiality agreements will be signed in coming weeks with some of these parties.
At this stage, Brockman has signed two confidentiality agreements with Chinese groups, including Haoning Group.
Both agreements were signed prior to the recent visit.
Today, the company's shares closed up 10 cents, or five per cent, at $2.10.
