April 22 (Reuters) - Brockman Mining Ltd 0159.HK :
* SIGNED AMENDED AND RESTATED FJV AGREEMENT AND DEED OF AMENDMENT AND RESTATEMENT
* AGREEMENT WITH MINERAL RESOURCES'S POLARIS METALS
* PARTIES CONCLUDE FARM-IN OBLIGATIONS ARE SATISFIED AND TO PROGRESS ON PROJECTS AS SOON AS POSSIBLE PARTIES SHALL FORM JV
* 50% INTEREST IN MARILLANA PROJECT ( FARM-IN INTEREST) WILL BE TRANSFERRED TO POLARIS AND JOINT VENTURE WILL BE ESTABLISHED
* CO AND MRL ALSO AGREED, BROCKMAN'S OPHTHALMIA PROJECT WILL NOW BE INCLUDED IN FARM-IN INTEREST
* 50% INTEREST IN OPHTHALMIA PROJECT WILL BE TRANSFERRED TO POLARIS
* MRL COMMENCES INITIAL DEVELOPMENT WORKS AT MARILLANA, OPHTHALMIA PROJECT MINE SITES, ON PROSPECTIVE TRANSPORT CORRIDOR AND PORT AREA
* INITIAL DEVELOPMENT WORKS ARE TO BE FUNDED BY MRL AND COST IS ESTIMATED TO BE AROUND A$105 MILLION
* FOLLOWING ESTABLISHMENT OF JV, PROJECT LOAN FROM MRL WILL BE AVAILABLE FOR DEVELOPMENT OF BOTH MARILLANA AND OPHTHALMIA PROJECT
* POLARIS WILL RELEASE TO BROCKMAN IRON REMAINING A$5 MILLION OF A$10 MILLION LOAN AVAILABLE TO BROCKMAN IRON UNDER FJV AGREEMENT