Brockman Resources to replace Yilgarn Mining

Yilgarn Mining Limited has put in place another important element of its growth....

  Yilgarn Mining Limited has put in place another important element of its growth strategy as a Pilbara iron ore company after receiving shareholder approval to change its name to Brockman Resources Limited—named after one of the major producing iron formations in the Pilbara region.Following receipt of final approvals from ASIC and the Australian Securities Exchange, Yilgarn will finalise the name change, with its securities to commence trading on the ASX under the new code (BMR) by November 19.The company said the new name and corporate identity reflected its strategic focus as an emerging iron ore company with an initial focus on its 100%-owned Marillana Iron Ore Project in the Pilbara region. The company announced plans to accelerate its iron ore growth strategy earlier this year with the appointment of former senior BHP Billiton Iron Ore Executive Wayne Richards as Managing Director.The company recently announced an initial JORC compliant resource totalling 43.5 million tonnes, grading 57.6% Fe (63% Fe on a calcined basis) for the North-West Sector of the Marillana Project, achieving almost half of its recently announced target of confirming an iron ore mineralisation potential of at least 100 million tonnes.Brockman’s Managing Director, Wayne Richards said drilling had resumed at Marillana to further test the newly identified mineralisation at the Rockhole Bore prospect, 2km southeast of the North-West Sector, to underpin an initial resource estimate for this area.“We also plan to test a number of other prospective targets within our tenement area to test the broader potential of the area for additional mineralisation,” Mr Richards said.The Marillana Project is located 100km north of Newman, between the Hamersley Ranges and Fortescue River Valley in Western Australia’s world-class Pilbara iron ore region.