Brockman Mining (00159.HK) announced in a statement that for the fiscal year ending June 30, 2024, the Group recorded a net loss of approximately HKD 13,400,000 after income tax from continuing operations, compared to HKD 56,600,000 in 2023. Part of this post-tax loss is attributed to exploration and evaluation expenses, including HKD 9,500,000 (2023: HKD 50,200,000) of the group's recognized shared exploration expenses within exploration and evaluation costs of HKD 5,700,000 (2023: HKD 47,400,000).

Part of the aforementioned expenses were offset by financing income of HKD 11,400,000 (2023: none) generated from adjustments to other payables and loans advanced by Polaris in previous years to the Group, as well as income of HKD 1,500,000 (2023: none) from the sale of non-core mining rights to third parties. In addition, income tax offset amounted to HKD 7,300,000 (2023: HKD 16,600,000), primarily due to the Group's recognition of deferred tax assets for the Australian tax loss incurred during the period.