Bravo Mining - The Next Big PGM & Copper-Gold Producer in Brazil?

• Bravo Mining's Luanga project hosts a rapidly growing PGM resource, already at 15Moz palladium equivalent over 2 g/t, with significant expansion potential.
• The company has made an exciting copper-gold IOCG discovery at Luanga, with drill results up to 14.5% Cu and 3 g/t Au, opening up a new value creation opportunity.
• Bravo enjoys strong support from the pro-mining Brazilian government, which has put Luanga in an accelerated permitting process.
• With $25M cash, a top technical team, and excellent infrastructure, Bravo is well positioned to aggressively advance both its PGM and copper-gold projects.
• Decarbonization and vehicle electrification will drive robust demand for palladium, platinum and copper, providing a compelling macro backdrop for Bravo.

As the world accelerates its transition to clean energy and electric vehicles, the demand for critical metals like platinum group metals (PGMs), copper and gold is soaring. Bravo Mining Corp (TSXV:BRVO), a junior miner advancing a world-class PGM-copper-gold project in the prolific Carajás Mineral Province of Brazil is poised to capitalize on this trend. With an experienced management team, a rapidly growing resource, strong government support, and exposure to the red-hot copper and gold markets, Bravo offers investors a unique opportunity in the critical metals space.

Luanga PGM-Copper-Gold Project

Bravo's flagship asset is its 100%-owned Luanga project, which it acquired just two years ago with a historical resource of 5 million ounces at 1.2 g/t palladium equivalent (PdEq). Since then, the company has rapidly advanced the project, completing over 70,000 meters of drilling that has more than tripled the resource. CEO Luis Azevedo explains:

"We upgraded this to basically 10.4 million ounces of measured and indicated resource at 2.04 grams per ton, so we increased just on that about the double and also increased grade by almost 40%. But on top of that, we have about 5 million ounces of inferred resource at 2.01 grams per ton. So globally, this has crossed 15 million ounces over 2 grams per ton of palladium equivalent."

Importantly, 86% of the resource sits in the top 250 meters from surface, indicating the potential for a low-cost, open-pit mining operation. And with only a small portion of the 9,000 hectare property explored to date, there is significant potential to continue growing the resource.

Copper-Gold Potential

In addition to PGMs, Bravo has also made a significant copper-gold discovery at Luanga in an IOCG system, with drill results including 11 meters grading 14.5% copper and 3 g/t gold. The company plans to drill 6,000-7,000 meters this year to follow up on this discovery and unlock the project's copper-gold potential.

"The grades are there, the intersects are there, so now we need to find the source. And of course, in a huge land package, as an IOCG, this is not like bread and butter - it needs a lot of work to be done to back this up. I probably have one of the best teams in the Carajas in Brazil. I do believe if I have a very large PGM deposit, why not a very large copper-gold deposit as well?"

With $25 million in the bank, Bravo is well funded to aggressively explore for copper and gold at Luanga without compromising its PGM development plans.

Interview with Chairman & CEO Luis Azevedo

Government Support and Infrastructure

A key advantage for Bravo is the strong support it has received from the Brazilian government. Carajás, where Luanga is located, is very pro-mining and has put Bravo in an accelerated permitting program. The company recently received its preliminary license, the first of three required permits, in record time.

"Brazil realized that PGM is a critical mineral for them. We have a big auto industry and are importing over 460,000 ounces of PGM per year. So the government wants to move this forward as fast as they can.  They invited us to PDAC where the Secretaries of Mines and Environment basically signed an MOU with us promising to accelerate the next phases as well."

Luanga also benefits from excellent infrastructure, with three power lines and a paved road crossing the property.

"You don't have to build significant infrastructure. Everything is in our favor."

Next Steps

With its preliminary license in hand, Bravo will now complete additional studies and economic analyses to advance Luanga towards production. In parallel, the company will aggressively explore its copper-gold discovery to understand the size of the prize.

"We want to test a little bit more below [250m] to understand how much we can count on. And we need to quantify the copper-gold to put in perspective what we do first."

Conclusion

Bravo Mining offers investors a unique opportunity to gain exposure to critical green metals through its world-class Luanga PGM-copper-gold project in Brazil. With a rapidly growing resource, a new copper-gold discovery, and strong government support, Bravo is well positioned to unlock value for shareholders as it advances Luanga towards production. If Luanga delivers on its potential, Bravo could join the ranks of its larger neighbors in the Carajás and become a key source of PGMs, copper and gold in the decades ahead.

The Investment Thesis for Bravo Mining

• Exposure to critical "green metals" - PGMs (palladium, platinum), copper and gold - that will benefit from decarbonization
• World-class asset (Luanga) in a Tier-1 jurisdiction (Carajás, Brazil)
• Rapidly growing, high-grade, near-surface resource with 15Moz PdEq and counting
• Additional copper-gold upside from recent IOCG discovery
• Experienced management team with track record of success in Brazil
• Strong government support with accelerated permitting process
• Robust balance sheet ($25M cash) to advance both the PGM and Cu-Au projects
• Attractive valuation with significant re-rate potential as project is de-risked

Macro Thematic Analysis

The energy transition is now in full swing, with countries around the world setting aggressive decarbonization goals and automakers investing hundreds of billions of dollars to electrify their fleets. This has set up a perfect macro backdrop for critical metals like PGMs, copper and gold.

Palladium and platinum are essential elements in catalytic converters used to reduce emissions from vehicles. As emissions standards continue to tighten globally, loadings of these metals are increasing. At the same time, palladium and platinum will play a key role in hydrogen fuel cells, which are expected to power commercial vehicles and heavy industry in the future.

Copper is a core component in EVs, charging infrastructure, wind and solar power, and the electrical grid. An EV contains 4x as much copper as an ICE vehicle, while renewable power systems can require up to 15x more copper than conventional ones. As the world electrifies, copper demand is set to surge.

Gold also stands to benefit from the energy transition. Its status as a safe haven will be reinforced by the strains placed on the economy and financial system by decarbonization. At the same time, gold's use in low carbon technologies is increasing, particularly in EVs and hydrogen production.

With demand for PGMs, copper and gold set to soar in the coming years, companies like Bravo that can bring new supply online stand to benefit immensely.