During 2009, Brockman Resources Limited has positioned itself at the forefront of Australia's emerging iron ore sector, with significant exploration and development studies during the year.  This firmly established the Marillana Project as a world class iron ore deposit capable of supporting a long-term, high quality iron ore export business.  Brockman has made major strides in the development of the project during the year and is targeting first production by early 2013.

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A Definitive Feasibility Study (DFS) for the 100%-owned Marillana Iron Ore Project commenced in November 2009 and is scheduled for completion in Q3 2010.  Ausenco Limited, as Lead Study Manager, will work closely with specialist mining consultants, Golder Associates Pty Ltd, to develop the optimum mining methodology and schedule. The second and final Native Title Mining Agreement for Marillana Project was secured in early December 2009 with the Nyiyaparli people.  This paved the way for the granting of the Mining Lease for the Project as announced 6 January 2010.  The comprehensive Metallurgical pilot and ore variability test work programs were in their final stages in December.  Results to date confirm the extremely viable upgradability of the detrital ore resource at Marillana using simple and conventional processing methods. Pilot plant tests have confirmed the optimal and simplistic nature of the process flow sheet for the purposes of detailed process plant design for the DFS study that has now commenced with Ausenco. DFS mining studies commenced with Golder and Associates. Further Geotechnical assessment has verified the free digging nature of the Marillana detrital ore. Following on from the formal approval of the Marillana Environmental Scoping Document (ESD) by the Environmental Protection Authority (EPA) in August 2009, the environmental approvals process remains well on track with the first submission of the Public Environmental Review (PER) document made to EPA on 30 October 2009. The Port Hedland Inner Harbour Infrastructure Development - Pre-Feasibility Study, carried out under the direction and management of the North West Iron Ore Alliance (NWIOA), was completed in late December. The final PFS report by Evans and Peck / SKM Joint Venture for engineering works, together with Coffey Natural Systems for environmental and approvals will be issued in early 2010. Infill and extension RC drilling were completed at Marillana.  Infill drilling has confirmed continuity of grade and thickness of mineralisation within the existing mineral resource outline and extension drilling has confirmed continuity of mineralisation for 800m to the north of the current resource boundary at North West Sector. Golder Associates have commenced a new Mineral Resource estimate and   re-classifcation, anticipated for completion by mid-February 2010 The Company had cash reserves in excess of A$90 million at quarter end.