Brockman Resources is the latest Pilbara iron ore hopeful to be flagged as a potential takeover target after a Chinese investor this week increased its shareholding to 19.9 per cent.
The Perth company has interested investors since it announced last month a 133 per cent increase in measured and indicated resources for its flagship Marillana project.
Hong Kong investment group Wah Nam International Holdings has purchased about $27.4 million worth of Brockman's stock on market since the upgrade, representing about 64 per cent of total traded volume over this period.
Click here for more on Brockman Resources' prospects as a takeover target.
