Bravo Mining Corp. (TSX.V: BRVO, OTCQX: BRVMF) is a Canadian and Brazil-based mineral exploration and development company focused on advancing its Luanga PGM+Au+Ni Project in the world-class Carajás Mineral Province of Brazil.
LUANGA is a Multi-Million Ounce Tier 1 PGM + Au + Ni Deposit and one of the very few potential sources of such critical and scarce metals outside regions challenged by political instability, infrastructure shortcomings and permitting complexities.
Bravo has recently reported its maiden MRE with 4.1Moz @ 1.75g.t PdEq Indicated and 5.7Moz @ 1.50g/t PdEq Inferred, (Palladium Equivalent). It is based on a higher level of confidence with 38% in the Indicated category and supported by straightforward metallurgy based on extensive metallurgical program for both oxide and sulphide materials.
There remains substantial immediate growth potential to this initial MRE, both at depth (MRE limiting pit depth of ~200m vs. mineralization continuity at ~350m depth) and in the oxide layer (trenching program has proven to be an effective way of assessing oxide mineralization). In addition, Bravo is firmly progressing with the drilling of the recently identified priority EM anomalies, which targets massive or semi-massive sulphides, adding to the prospectivity for new discoveries and deposit types at Luanga.
With ~US$40 million in cash and supported by our largest institutional shareholders, such as Blackrock, Tembo, Franklin, RCF and Sprott Global, Bravo is fully funded to execute its growth plans.
The project benefits from being in a location close to operating mines, with excellent access and proximity to existing infrastructure, including road, rail, and clean and renewable hydro grid power.