News

BKE Company Announcement 27 March 2023

The Directors of Broula King Enterprises are pleased to announce the merger between BKE and Ecotech Mining Pty Ltd. BKE and ETM shareholders voted almost unanimously in favour of the merge.

The result of the merge is that ETM will own a 16% stake in BKE, whilst BKE and its shareholders will retain 84%. One Director from ETM will join the board of BKE. BKE will own all assets and intellectual property of ETM.

The merger represents significant advantages for both companies. For BKE it represents:

• Proven technologies to develop alongside BKE’s proprietary technology
• Greater depth of processing technologies
• Mining and extractive expertise
• Further opportunities for Government support through grant funding
• Processing technology that accesses different minerals types, including critical minerals such as antimony
• Potential access to further mining opportunities across NSW and Victoria.

EcoTech Assets include:

• Intellectual Property for EcoTechnology Processes
• Registered Trademarks for EcoGold^®, EcoCopper ^®, EcoZinc^®, EcoLead^® and EcoNickel^®
• Operating a Fluid Bed Chlorination pilot plant at Gosford, NSW for project feasibility studies
• Bench Scale EcoTech equipment for customer evaluations of all EcoTechnology Processes
• University of Newcastle (NIER)
• Roasting, Reduction IP
• Advanced Building Materials Group includes NIER/ School of Architecture/Built Environment Dept/Chemical Engineering Dept.

Ecotech technologies include:

• Innovative EcoTech chlorine treatment for sulphide and oxide ores and tailings
• Innovative Reduction to recover or stabilise arsenic
• Innovative 2SRC process for gold, antimony and arsenic
• EcoTech process successfully tested on many precious metal ores, calcines and tailings.