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Bravo Mining - An Emerging PGM Success Story in Brazil

Bravo Mining is rapidly advancing the tier one Luanga PGM, gold & nickel project in Brazil's Carajás District. Led by proven mine builder Luis Azevedo, Bravo's recent results confirm world-class potential and clear pathway to production.

  • Bravo Mining is exploring the Luanga project, a platinum group metals (PGM), gold & nickel project located in Brazil's Carajás belt.
  • Chairman & CEO Luis Azevedo has a background as a geologist turned lawyer, and has previously been involved in successful mining projects.
  • The Luanga project was initially discovered by Barrick two decades ago and was later introduced to Luis Azevedo by Vale in 2020.
  • Bravo Mining has a unique corporate structure with a cooperative approach, involving key investors like BlackRock and a Brazilian private equity firm. They have around $40 million in cash and are focused on exploring and potentially developing the Luanga project.

About Bravo Mining

Bravo Mining is a mineral exploration company focused on their flagship Luanga PGM, gold and nickel project located in the promising Carajás Mineral Province of Brazil. Led by Chairman and CEO Luis Azevedo, Bravo has assembled an experienced management team with a proven track record of success in discovering, developing and operating mines in Brazil. With over 100 employees, the majority Brazilian locals, Bravo is poised to capitalize on the significant PGM potential at Luanga.

Interview with Chairman & CEO, Luis Azevedo

Discovering Value at Luanga

Luanga is a district scale PGM project covering over 8 kilometers of strike length. Previous work by major Vale identified wide zones of PGM mineralization starting at surface and open along strike and at depth. Bravo's recent drilling has extended mineralization to over 500 meters depth, with grades increasing at depth.

Results from Bravo's Phase 1 drill program have confirmed Luanga as a tier one PGM asset with over 50,000 meters of historical drilling and an additional 40,000 meters completed by Bravo. Assay results have intercepted impressive grades over broad widths, including 11 meters grading 2% nickel, 1% copper and 5g/t PGM from only 130 meters depth.

This massive sulphide zone is interpreted as a high-grade feeder system and remains open in all directions. According to Azevedo, "with an orebody this large, it is impossible to imagine this single intercept represents the entire feeder system. There is excellent potential for additional high-grade massive sulphide discoveries."

Advancing a Clear Pathway to Production

With cash reserves of $40 million USD, Bravo is fully funded to aggressively advance Luanga. The company has already completed extensive metallurgical studies indicating excellent recoveries for a high-value PGM concentrate. Bravo has also commenced environmental studies and permitting activities to derisk the project timeline.

Azevedo states "we know this deposit incredibly well, having worked in the region for over 20 years. We have all the required infrastructure in place and a seasoned team to rapidly advance Luanga." With over 12 dedicated metallurgists and mine engineers, Bravo is envisioning both open pit and underground mining scenarios to maximize value.

According to Azevedo, "Luanga has the potential to support a large scale, low cost open pit operation with significant optionality from underground resources." The company is planning an initial mineral resource estimate within 2-3 months to showcase the impressive scale of the deposit.

Partnerships and Support From Major Players

Unlike many junior explorers, Bravo has attracted key partnerships and investments from major institutions. This includes cornerstone investments from Franklin Templeton and BlackRock Capital prior to the company's IPO. Two prominent Brazilian investment funds have also provided over $20 million USD in recent financings.

The involvement of these influential groups provides third party validation and represents a strong vote of confidence in Luanga's potential.

Realizing Value in Brazil's Premier Mining Destination

Despite past challenges for miners in Brazil, Bravo emphasizes their key advantages operating in the Carajás District. Azevedo explains "Brazil has exceptional infrastructure, readily available workforce and the Carajás region is essentially an untapped exploration frontier."

Luanga is strategically located near existing rail, roads and power supply required for future production. The project also benefits from clean hydropower representing over 80% of Brazil's energy.

According to Azevedo, "the currency exchange helps our costs and we understand how to successfully operate in Brazil better than anyone." Unlike other regions of Brazil, the Carajás District is mining friendly with no resource nationalism concerns.

Positioned for Success

With Azevedo's proven track record of building, operating and selling mines in Brazil, Bravo Mining is executing a clear strategy to maximize Luanga's potential. Azevedo emphasizes "we have the best team, 100% focused on developing this tier one asset for production or sale to a major."

Bravo offers investors a compelling opportunity to capitalize on the emerging value at Luanga, one of Brazil's most exciting PGM discoveries. With key partnerships in place, a flushed treasury and massive exploration upside, the company expects strong news flow and significant valuation growth over the coming months.

5 Key Takeaways for Investors

  1. Tier One Asset - Luanga is a large scale, high-grade PGM discovery with over 8km of mineralization identified. Recent results suggest world-class potential.
  2. Proven Operator - Chairman & CEO Luis Azevedo has track record of building, operating and selling mines in Brazil. He knows how to create value.
  3. Strong Financial Position - With $40M cash, Bravo is fully funded to fast track exploration and development studies.
  4. Backed by Majors - Early cornerstone investments from BlackRock, Franklin Templeton validate Luanga's prospectivity.
  5. Clear Path to Production - Dedicated technical team focused on studies for open pit and underground mining scenarios. Initial resource estimate expected within months.

Conclusion

Bravo Mining represents a unique investment opportunity in the PGM, gold and nickel exploration sector. Luanga has demonstrated all the hallmarks of a world-class deposit and Bravo has positioned the project for rapid advancement. With operations in a proven mining jurisdiction, key institutional backing and an experienced team closing in on a major discovery, investors should take note.

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