GREEN METALS FOR A GREEN FUTURE

Bravo Mining Corp Logo

TSX-V: BRVO | OTC: BRVMF

A Tier-One PGM+Gold Opportunity in the Green-Metals Space 

Canada-based Bravo Mining Corp. (TSX-V: BRVO)(OTC: BRVMF) is a Brazil-focused mineral exploration and development company laser-focused on advancing its flagship, 100%-owned Luanga PGM+Gold+Nickel+Rhodium Project in the world-class Carajás Mineral Province in northern Brazil.

The tier-one-potential project boasts a 5.7 million ounce historical resource estimate [142 Mt @ 1.24 grams per tonne (g/t) Pd+Pt+Au & 0.11% Ni] done by Vale — one of the largest iron ore and nickel producers in the world.

The 7,800-hectare Luanga PGM project is so important — in terms of its “green-energy” commodity mix — and is so potentially rich in PGMs (Platinum Group Metals) plus precious and base metals that it has been elevated by the Brazilian government as a Strategic Minerals Project.

That critical designation allows for a prioritized permitting process, which should prove instrumental in speeding up the timeline for the project’s ongoing development toward a positive construction decision.

The Luanga project — where Phase-2 drilling is underway via six rigs — is also eligible for a 75% reduction in the 25% corporate tax rate as part of the Brazilian government’s designation.

As mentioned, Vale, as previous owner and operator, produced the initial resource estimate of 142 million tonnes at 1.24 g/t palladium-platinum-gold-nickel at Luanga. Importantly, the project’s substantial rhodium content was not included in that resource estimate even though it was assayed to some extent.

The company also conducted preliminary metallurgical testing, which returned favorable results.

Rhodium is a strategic, high-demand green-energy metal with advanced applications in catalytic converters for automobiles and more.

 

With rhodium currently trading around US$4,000 an ounce, the inclusion of the high-value PGM in Bravo’s forthcoming resource estimate is expected to deliver a substantial kicker to the project’s overall economics.

And you won’t just be hearing that from us…

Coming up in this Special Report, we’ll be bringing you our exclusive sit-down interview with Bravo Mining president Simon Mottram for a detailed overview of the Luanga project… including what’s happening now and what’s happening next.

 

Current Drilling Progress & Newly-Completed HeliTEM Survey

The Luanga project comes with the enormous benefit of Vale’s 50,000 meters of previous drilling across approximately 250 diamond drill holes.

The vast majority of those holes were drilled to a depth of only 150 to 200 meters with all holes ending in mineralization.

That’s key as it provides the Bravo field team with a roadmap for uncovering deeper mineralization along with potential mineralized “feeder zones” at-depth in the upcoming drill rounds.

Also, the estimated strike-length at Luanga is truly world-class at about 7 to 9 km, making it a very, very large mineralized system… the kind most large-cap mineral producers typically seek out when expanding their underground reserves through strategic acquisition.

Following up on Vale’s historical drilling and maiden resource estimate, Bravo is currently wrapping up a very successful Phase-2, 21,500-meter infill drill program via multiple rigs (6 rigs turning at present).

The program continues to successfully target continuation of PGM+Au+Ni mineralization to ~300 meters below surface — 2X the depth of Bravo’s Phase-1 program and historical drilling performed by Vale.

To date, the company has drilled 213 holes totaling 42,996 meters with assays due from 19 holes.

Results received thus far have confirmed the thickness and tenor of mineralization from previous drilling and, in some cases, have significantly enhanced it — including higher than expected rhodium and nickel sulphide values.

In the Central Sector, the Bravo Team has confirmed a new zone and style of disseminated nickel sulphide mineralization, including an extension of mineralization into the North Sector.

The most recent batch of drill assays also reveal that magmatic nickel sulphide mineralization exists in the South Sector, indicating the potential for nickel sulphides at depth along the entire 8.1 km strike length of the Luanga project.

And speaking of 8-plus-km of strike length, the Bravo team recently completed a HeliTEM electromagnetic survey across the entire 78 sq km Luanga property.

The survey produced 16 Priority One Anomalies and 16 Priority Two Anomalies.

As a result, 17 Priority Drill Targets (see below) have now been delineated for testing in the upcoming drill round; six drill rigs are currently on-site, of which two will be assigned to the upcoming EM exploration drilling.

Bravo Mining CEO Luis Azevedo commented on the newly identified EM anomalies and new priority drill targets via press release:

“Bravo's HeliTEM has shown to be productive and highly encouraging, defining a significant number of EM anomalies. Following ground truthing and further examination in conjunction with Bravo's micro-gravity and ground magnetics geophysical dataset and the latest detailed geological and structural interpretations, 17 Priority Drill Targets have been selected for systematic drill testing. EM plate modeling and drill hole design has started with drilling anticipated to commence soon. To that end, we have sourced an additional two drill rigs, bringing the total on site to six.”

Additionally, on 26 September 2023, Bravo released an impressive set of trenching results from Luanga, which successfully expand the lateral extension of oxide PGM+Au mineralization in the North Sector.

Highlights include:

  • 79 meters at 3.65 grams per tonne (g/t) PGM+Au
    • including 22 meters at 9.40 g/t PGM+Au
  • 125 meters at 2.30 g/t PGM+Au
  • 175 meters at 1.71 g/t PGM+Au
    • including 30 meters at 3.47g/t PGM+Au

Bravo’s ongoing trenching program, which commenced in the Southwest Sector in 2022, continues to produce significant growth in the extent of shallow mineralization in the North Sector with plans to continue the program along the entire 8.1 km strike length of the Luanga deposit.

Bravo Mining CEO Luis Azevedo added:

“Our trenching program continues to yield outstanding results and highlights the lateral extension of Oxide PGM+Au mineralization at surface, now observed in both the North and Southwest Sectors. Results show the potential for increased volume and improved average grades in the oxide zone, which are expected to have a positive impact on the oxide component of the forthcoming Mineral Resource Estimate. Furthermore, the assay grades returned within the trenches are consistently higher than the assay grades in the nearest drill holes located below the trenches. This supports our interpretation of supergene enrichment occurring in the near-surface oxide zone.”

The Bravo team reports potential for further extension of near-surface mineralization in the North Sector with one particular trench — Trench No. TRC23LU022 (see below; fourth trench from left) — finishing in the highest-grade mineralization at both ends.

Figure 1: Trenching in the North Sector.

 

Results from the ongoing program (in conjunction with previous drilling in these same zones) will be aimed at improving the interpretation of mineralization at surface.

Up next will be the release of a maiden NI 43-101 Mineral Resource Estimate and, further after that, a PEA (Preliminary Economic Assessment) — all slated for completion in Q4 2023.

Also important to stakeholders, Bravo Mining is exceptionally well-funded to achieve its near-term objectives.

The company IPOd in Q3 2022, raising gross proceeds of C$40.25 million at an offering price of C$1.75 per share.

And prior to going public, in May 2022, the company raised an additional US$8.5 million via private placement.

The company’s treasury stands at ~US$26 million (as of Q1/23 financials) and means the firm will not have to go back to the market for additional funding for quite some time, which is key in keeping shareholder dilution to a minimum.

Currently, the company has approximately 112 million shares outstanding on a fully-diluted basis for a current market cap below C$400 million.

 

Right project. Right people. Right place. Right strategy.

Most small-cap mineral exploration companies will tell you they check all the key boxes for success. Yet, very few are able to back such claims with facts on the ground.

Conversely, Bravo Mining Corp. — which currently trades around C$3 per share — boasts one of the best undeveloped PGM-dominant projects on the planet.

The tier-one-potential Luanga project comprises a suite of green-energy metals that are — and will continue to be — in high demand for both their monetary nature and their use in emissions reduction battery technologies: palladium, platinum, rhodium, nickel, and gold.

And as noted, the 5.7 million-ounce palladium-platinum-gold-nickel historical resource produced by Vale does not include the rhodium component, which will undoubtedly prove to be a high-value PGM to add to the economics.

As any mining expert knows… when looking for elephants, you need to go looking in elephant country… and that’s precisely what the Bravo Mining team is doing with its focus on the world-class Carajás Mineral Province and the Luanga project specifically.

Brazil’s Carajás Mineral Province is a globally significant mineral province that hosts numerous iron ore, copper, gold, nickel, and manganese mines and deposits.

Keep in mind also that a mineral project — no matter its size or grade — isn’t worth the ground it sits on if you can’t easily get to it, explore it, and drill it.

To that point, the Luanga project has excellent site access and outstanding infrastructure to boot.

The project is accessible via a paved highway and an unpaved dirt road. Topography is superb and the terrain has already been deforested (previously for agricultural grazing land), which is an immeasurable advantage in terms of ease-of-access, the ability to delineate drill-site locations, and, as well, with ESG initiatives — which are of paramount importance to the BRVO team.

There’s also cost-effective and clean hydropower, water, and labor all readily available.

Other important ESG initiatives in-play for the Bravo team include the replanting of trees in the project area, hiring and contracting locally, positive engagement with local communities, and ensuring protection of the environment throughout the exploration and development process.

The company has already surpassed its target of planting 10 trees for each hole drilled at Luanga and is aiming to plant 35,000 trees over the next 3.5 years to continue the environmental rehabilitation of the area.

And remember, as a designated Strategic Minerals Project by the Brazilian government, the project allows for prioritized permitting, which should prove to be a major advantage in the advancement of Luanga through the various exploration stages.

 

Seasoned Management Team with In-Country Experience

Bravo Mining is led by executive chairman, CEO, and founder Luis Azevedo.

Luis Azevedo

Mr. Azevedo is a Brazilian national based in Brazil, is fluent in English, and is a practicing lawyer with over 25 years working with the Brazilian government and mining industry.

He also boasts a distinguished history of acquiring assets on very shareholder-friendly terms and then permitting, developing, and monetizing those assets to the benefit of early stakeholders.

For speculators, it’s vitally important to note that Mr. Azevedo brings to the table the distinct advantage of having a wealth of in-country expertise in Brazil, and particularly in the Carajás Mineral Province where the Luanga property is situated.

As just one example… Luis acquired the Antas Gold-Copper Project in that same mineral province back in 2007 for just US$100,000. He then sold it ten years later for AUS$418 million when Avanco was acquired by Oz Minerals.

The Avanco team took that project through permitting into operations on schedule — in a record two years, by the way — and under budget. In fact, Avanco became the first junior mining company to operate a producing mine within Vale’s backyard — the Carajás Mineral Province.

That stock saw a 100X increase in market cap value post-IPO… a feat we’re certain Mr. Azevedo is aiming to emulate with his new venture — Bravo Mining Corp.

As a well-known and highly-respected advocate for Brazil’s mining industry as a whole, the in-country advantage chairman Azevedo brings to the table for Bravo Mining and BRVO/BRVMF stakeholders simply cannot be overstated.

Dr. Nicole Adshead-Bell

Joining Mr. Azevedo is independent lead director Dr. Nicole Adshead-Bell, an Australian-Canadian national who is a true rarity in the mining space — a highly experienced professional geologist with 25-plus years in the mining sector AND a moral compass to match her impressive list of credentials.

Ms. Adshead-Bell also brings past Brazilian CEO experience, which will be helpful in advancing the Luanga project through the key stages of exploration and development.

Stuart Comline

Joining the team is Stuart Comline, a recognized PGM expert and former founder and CEO of PGM-focused AfriOre, which was sold to Lonmin in 2007 for C$450M.

Tony Polglase Simon Mottram

Former Avanco brass, Simon Mottram, president, and Tony Polglase, director — hugely successful in their own rights — are also helping advance the Luanga project forward.

We literally could go on and on about the array of intellect, capital markets acumen, and Brazilian mining expertise this team collectively holds.

Stephen Quin

But just quickly… before we move on to the strategy and the opportunity and our exclusive interview with Bravo president Mr. Simon Mottram… we’d be remiss not to mention that Stephen Quin — most recently the president of Midas Gold — is also a non-executive director of the company.

It all adds up to a highly distinguished team of mining professionals with the collective goal of advancing the Luanga project in a responsible, systematic, and timely manner to the benefit of BRVO/BRVMF shareholders.

Now… onto our exclusive interview with Bravo Mining president Simon Mottram.

 

Exclusive Interview with Bravo Mining President Simon Mottram

Our own Gerardo Del Real of Resource Stock Digest had the opportunity to sit down with Bravo Mining president Simon Mottram. Inside, the gentlemen dive into the Luanga project’s immense upside ahead of the highly anticipated Maiden Resource Estimate due out in Q4. Please enjoy!

Gerardo Del Real

Gerardo Del Real:  This is Gerardo Del Real with Resource Stock Digest. Joining me today is the president of Bravo Mining, once again, Mr. Simon Mottram. Simon, you're live from the field. You're onsite. You just had some amazing news. Again, congratulations. How are you?

Simon Mottram

Simon Mottram: I'm great, thanks, Gerardo. And it's good to be with you again.

Gerardo Del Real

Gerardo Del Real: Well, let's get right into it. You just trenched a 175-meter zone of oxide-PGMs plus gold mineralization at Luanga.

I want to provide context. Infrastructure at Luanga is top-notch. Permitting on this — whoever decides to permit it, if it's bought out, which is what I believe will happen in due time — is going to be relatively straightforward. The exploration upside is the part that everyone had questions about. And that is looking to be not just substantial and significant but game-changing.

And now, you're trenching the entire 8.1 km strike length of Luanga and really adding, as we talked a bit off-air, meat on that bone. Can you provide the context on today's release and kind of where you see things going?

Simon Mottram

Simon Mottram: Sure, Gerardo, no problem. Look, I think for me, personally, I think the context, or the salient points of contextualizing those results are this: If you look at those cross-sections and you see the interpretation of the orebody and the fresh rock coming up to surface, and you would normally just go, ‘Okay, I'm just going to draw some straight lines that come up to surface.’ It's an interpretation.

But what's radically changing here is that, when you trench it across the surface, and, again, the important factor here is you are trenching perpendicular to the strike, so you're going across the strike. So you're on the section, you're staying with the section, and you're going across the orebody from, let's say, north-to-south, if you like, across the strike of the orebody. So you're seeing what is the true extent in that direction.

And where you originally thought, ‘Yeah, we're going to interpret this up to the top of the ridge, and, on top of the ridge, there's going to be oxide outcropping.’ You're now looking at that and going, ‘No, actually, there is a significant blanket of oxide that extends all the way down that side of the ridge and all the way down the other side of the ridge.’ And then below it, there's, if you like, a mushroom style to the oxide.

The oxide comes out of the fresh rock where it's well-defined in the fresh rock, and then it gets into the oxide — and it's particularly the saprolite. And once it gets into that saprolite, you see how it basically blows out, and you have that typical saprolitic dispersion. It's almost like a mushroom cloud sitting on top of the orebody.

So, again, you're seeing, ‘Okay, there's actually a lot more volume potential here than was originally interpreted.’ Because without the data from the trenching, you're just drawing straight lines up to surface, going, ‘Here is the interpretation coming up to surface. We know that the orebody outcrops on surface because we can go up there and stand on it anywhere along that 8.1 kilometers.’

But now, we actually see that the oxide has a significant halo up on surface. Not only does it extend down both sides of the ridge but it actually blows out like the cap of a mushroom. And then, that relates to dispersion that you'd typically see in tropical environments, and, obviously, we're up in the tropics of Brazil.

The rainy season is approaching in this neck of the woods, and you see that typical tropical weathering profile; the dispersion that you get. And then, with that comes supergene enrichment.

So, again, when you see the intersections, you're going, ‘Okay, these guys have got a drill hole here.’ Let's just say, for example, it's 30 meters of two grams [per tonne]. And then, you look at the trench that's 20 meters above that, and you go, ‘Well, hang on, the trench is 70 meters wide. The trench has an intersection of 70 meters wide. How does that work?’

And it's like, ‘Yeah, because in the oxide, it's dispersed, and then it's spread out down the hill. And with the trenching, you can now see what the true extent of that is.’ And I'm not going to say its width or its thickness because it's not really either; it is the extent of the oxide blanket that’s draped over the top of the orebody.

And then, on top of that, you look at the grade, and you go, ‘Wow, look at the grades!’ The grade is significantly higher than the drill hole that's down below it in the fresh rock. So, I think that, from an oxide potential, that bodes extremely well for volumetric growth in the pending MRE — Mineral Resource Estimate — that's coming next month. But it also bodes well for the grade.

And I think, again, it comes back to what you often say to me is that there's optionality. We knew there's X-million tonnes in the historical resource from however many years ago that Vale did. What is that resource going to look like when Bravo does its first resource? And I think it's pretty clear to see that it's going to be significantly different. But not just that, there's the potential for the grade. The grade, I think, is going to be the other one to keep an eye on.

And obviously, when we put out our maiden resource estimate, you're going to see grade, tonnes, oxide… grade, tonnes, saprolite… grade, tonnes, fresh rock. And you'll see that level of detail. And then, you can start asking the questions, ‘Well, hang on, what are you going to do with that stuff? We just assumed you're going to build a fresh rock plant. And that's going to be, let's say, capitalized pre-strip.’

Well, it's like, ‘But hang on, couldn't you just convert that into ore?’ And you just need to process that the way it gets processed in other plants around the world. And there are examples out there. It's not new. It's old, ancient technology. It's been done; it's being done right now.

There are plants and mines operating in South Africa, and you look at it and you say, ‘Well, this one's operating. They're doing oxide. They're doing oxide, and then they're going to do fresh rock. This mine over here is doing nothing but oxide.’ So again, I think you look at those results; those results are, essentially, if you like, a prelude to what's coming. And then you go, ‘Well, hang on. The maiden Mineral Resource Estimate… that's just around the corner now.’

We've gone through the whole year, and we've seen endless amounts of great results in the drilling. And now, we're going to see how that translates into the maiden mineral resource. And better yet, you are actually going to be able to compare that to the historical resource that's out there in the public domain, which was the basis of the purchase of the project in the first place. Let's see how those two compare.

But going back to trenching and oxide and the relevance, after that, you're going to see the maiden results: the maiden results in fresh rock; the maiden results in oxide. And it's like, ‘Well, hang on.’ Again, it's like, ‘There's another option here. You could mine this stuff and process it and make X amount of money out of it at a pretty cheap rate. Free dig; it's oxide. It's going to be easy to mine. It's going to be cheap to mine. It's going to be cheap to process. What can you do with it? What do the maiden results look like?’

So, I think, in the next months or so, you're going to see all of that information flowing through. Obviously, the Mineral Resource Estimate is literally just around the corner. That's getting to the interesting part. And I have no doubt that people are going to be happy. That's my personal feeling. It's going to be good, and you'll see how it all comes together.

And I think it just comes back to what you said so many times to me in the past… it's about our optionality. It's like, ‘Well, you could do this… you could do this… you could do this.’ But in the end, where do you want to get to? Well, you want to get to the big mine. How you do it and in what steps do you do it? Well, those spaces are yet to be colored in.

I think shareholders will be happy that they can see a clear pathway through that. They can see that we deliver; we say we're going to do this and we get it done. The mineral resource is going to be exactly the same. It's going to be on-time. You're going to see it. I don't think anyone's going to be unhappy, is my gut feeling, and all of those squares will get colored in and it'll all line up. And you'll see what the options are.

But at the end of the day, the one thing that's never going to change is the final option. The final stage is, where do we get to the big mine, and is it starting at 5 million or 10 million… and is it ending at 20 million tonnes per annum?

Well, that'll be based largely on how big is the resource and how big could the resource be. You show me the maiden resource, and then I will go back and look at the deeper drilling and try and imagine where it could go next.

Gerardo Del Real

Gerardo Del Real: Simon, you sound like a guy that's done this a few times before and monetized assets a few times to the tune of billions of dollars. And I know the stock has pulled back here recently, which is why I reached out.

Look, I'm a biased shareholder. I think it's an incredible opportunity at C$3.35 where it trades right now. Frankly, I think at C$5, I think it's an incredible opportunity because I don't see Luanga going or selling for anything less than C$10 to C$15 a share. And some of that will depend on the overall markets; some of that's going to depend on the exploration upside.

We haven't yet even talked about the potential for the nickel sulphide discovery really blowing this thing out. We can leave that alone for the time being because, again, as we talked off-air, there's enough meat on the bone right now where we can get to that in due course.

But again, you've done this multiple times. This is a team that knows how to monetize assets. The asset is a phenomenal one. You've been surprised to the upside. And you tend to be rather conservative in the time that I've known you, Simon. So, I am excited as a shareholder.

I wanted to get an update out with a more technical take on what the Bravo team is doing, what comes next, what the catalysts are and what you're looking for. And it's clear to me, it's a maiden resource estimate. It's filling in the squares, coloring them in as you said, proving up the big mine. And then, let's see what other surprises we get. Is that accurate?

Simon Mottram

Simon Mottram: I think that's a fair enough summary. And I don't disagree with anything you've said. I think, in all fairness, we try not to be overly optimistic, especially on the public side. I mean, at the end of the day, you want to under-promise and over-deliver. That's sort of the way I was brought up in the system.

And again, in fairness to everyone on the team, I think this team has an incredible depth of experience. I mean, you look across our board of directors and you're looking at a whole group of guys who have 30 to 40 years of experience. They've worked in continents all over the world, and especially in PGEs. I mean, take a guy like Stuart Comline. He's worked all over South Africa.

There's guys who have long, long track records of success in monetizing projects. Tony Polglase, for example, has built mines all over the world. Building mines is what this team does, and I think it's not likely to be any different.

We came together here from the previous company, which was a raging success in the end. It’s the same thing. We came here, we made a discovery, we built. We were basically the first foreign company, if you like, to come into the carriage house and build an operating mine. And then, we started building the second one. And of course, the company was taken over, as you know.

So I think, to be fair, there is a mountain of experience here. And I'm sure that some of my peers in this company would be appreciative of me mentioning it because there are greater men than me in this company, for sure. It's a stellar thing.

And I think everything else you said is likely to ring true. The mineral resource, definitely, is well on its way. I think it's going to be on time. I think it's going to be good, and the information will continue to flow. You'll see, ‘Okay, what are the options?’ Keep detailing out these options.

Gerardo Del Real

Gerardo Del Real:  I'm looking forward to it, Simon. Again, congrats on spectacular work. Again, I love the methodical way in which you're approaching this. And the market will rerate it when the market rerates it. Heck of an opportunity for subscribers and for listeners out there.

Looking forward to chatting soon. Really looking forward to getting a peek at that maiden resource estimate, or the Mineral Resource Estimate, and taking a peek at it, and then starting to wrap our head around the numbers and just how profitable this is going to be for someone one day.

Simon Mottram

Simon Mottram: Absolutely, and I'm looking forward to it too. I'm looking forward to getting everyone's opinion on what everyone thinks of it. And obviously, it helps me. Especially yourself, Gerardo; I'd be very keen to get your thoughts on it once it's out there.

Gerardo Del Real

Gerardo Del Real: Always a pleasure, sir. I'll let you get back to it. I know there’s a lot going on. Can't wait to chat again.

Simon Mottram

Simon Mottram: I'm sure we'll chat again soon. Maybe the next conversation will be post-MRE. So, let's see. But it's been a pleasure as always… and good to hear from you.

Gerardo Del Real

Gerardo Del Real: Thank you, Simon. Appreciate you.

Simon Mottram

Simon Mottram: Okay. Cheers, Gerardo.

 

The Opportunity

Bravo Mining’s Luanga PGM+Gold+Nickel+Rhodium Project in the world-class Carajás Mineral Province already has a robust historical resource in place that could justify a valuation well above the current ~C$3 per share level.

The 100%-owned project — which has been designated by the Brazilian government as a Strategic Minerals Project due to its ideal location and exceptional “green-energy” commodities mix — was previously drilled by Vale on very wide spacing of 100 to 200 meter centers with no follow-up on high-grade zones.

Examples of some of those historical near-surface, high-grade intercepts include:

  • 17m @ 38.7 g/t PGM+Au, or 52.4 g/t gold equivalent (AuEq)
  • 12m @ 17.17 g/t PGM+Au, or 22.4 g/t AuEq
  • 47m @ 3.7 g/t PGM+Au, or 4.2 g/t AuEq
  • 15m @ 9.3 g/t PGM+Au, or 8.9 g/t AuEq
  • 65m @ 1.75 g/t PGM+Au, or 1.67 g/t AuEq

Importantly, Luanga was only drilled to an average depth of 150 to 200 meters — with all holes ending in mineralization — and remains open at-depth. Some of that depth extent is currently being tested down to approximately 300 meters.

Mineralization has also been intersected elsewhere on the property, particularly in the north, resulting in numerous additional targets for future exploratory drilling outside the main resource areas.

And remember, the rhodium component was not included in the resource estimate produced by Vale even though it was assayed to some extent.

Incredibly, the rhodium price today is multiples above where it was at the time of Vale’s initial resource estimate, which just shows the high-demand nature of the metal in the green-energy revolution that’s taking place globally.

In fact, all of the metals Bravo is targeting at Luanga are in that high-demand category as a result of their advanced applications in clean-energy innovations, including EVs.

Bravo also has at its disposal historical, high-quality core from Vale’s prior drilling that’s being systematically re-logged and re-assayed for inclusion in future resource estimates.

To-date, greater than 80% of re-assays from those samples have come back from the lab with better grades as compared to the historical results.

We suspect those ongoing efforts will result in a very efficient way to add high-quality ounces to the existing resource at Luanga through highly-targeted drilling.

And if that weren’t enough upside… historical drilling by Vale has outlined approximately 7 to 9 km of continuous mineralization, including numerous mineralized intersections outside the main historical resource area.

That gives the Bravo field team a nearly unlimited number of high-priority drill targets (including 17 new targets from the recently completed HeliTEM survey) with which to potentially make new discoveries on the sprawling 7,800-hectare project.

In terms of metallurgy, fatal flaw metallurgical testwork — which is critical for these types of deposits — has also been conducted, demonstrating that Luanga has no fatal metallurgical flaws. And that’s important in terms of future metals recoveries from the host rock.

Bravo Mining, as noted, is exceptionally well-funded with approximately C$26 million (as of Q1/23 financials) in the treasury with the bulk of those funds going directly into the ground by way of an ongoing six-rig drill program.

That’s precisely what we like to see in these types of exploration plays!

To recap, Bravo is well into a Phase-2, 21,500-meter drill program to confirm, infill, and step out from the previously defined PGM+Au+Ni mineralization in order to increase confidence in the geological model (including at-depth) and provide the basis for future mineral resource estimates.

The company, as noted, has also delineated 17 Priority Drill Targets from its recently-completed HeliTEM survey; two additional drill rigs (for a current onsite total of 6) were added to the project for the purpose of testing those targets.

Speculators can anticipate the release of a brand new 43-101-compliant resource estimate by year-end while the company simultaneously initiates baseline studies for advanced permitting activities and economic studies — including a PEA slated for completion in 2023 as well.

All told, and at the current market valuation, the risk/reward proposition looks exceptional.

At a 100% ownership stake of the Launga project, Bravo Mining offers speculators direct leverage to PGMs+gold+nickel, robust discovery potential, and future development opportunities within a highly-mineralized trend in northern Brazil.

You heard directly from Bravo Mining president Simon Mottram. He says:

“Obviously, the Mineral Resource Estimate is literally just around the corner. That's getting to the interesting part. And I have no doubt that people are going to be happy. That's my personal feeling. It's going to be good, and you'll see how it all comes together.”

In other words, now is a perfect time to start checking out Bravo Mining Corp.

A great place to start is Bravo’s corporate website where you can learn more about the flagship, the team, and sign-up to receive updates directly from the company’s IR department.

Also, click here for more of our ongoing coverage of Bravo Mining, including additional late-breaking interviews with upper management as developments arise.

Bravo Mining Corporation trades on the Toronto Venture Exchange under the symbol BRVO and on the US OTC Bulletin Board Exchange under the symbol BRVMF

Resource Stock Digest Research