The Luanga palladium + platinum + rhodium + gold + nickel (PGM+Au+Ni) exploration project is located in Carajás Mineral Province of Brazil in the municipality of Curionópolis in the central-eastern region of Pará State, ~500km south of Pará’s capital city Belém (a sizeable coastal port city) and ~40k ENE of Parauapebas, the economic centre of the Carajás.

Luanga is interpreted as a Neo-Archean age PGM+Au+Ni deposit hosted in a layered mafic and ultramafic complex with a surface expression of approximately 7km by 3.5km. It is broadly similar in age and geological setting to some of the world’s major PGM deposits and producing mines. 

Luanga benefits from extensive exploration activities in the late 1990s to early 2000s completed by the previous owner - the Brazilian based diversified mining major Vale S.A.  This includes 252 diamond drill holes (50,352m) drilled on 100 to 200m lines over the 7km mineralized envelope, a Historical Estimate* of 142Mt @ 1.24 g/t Pd+Pt+Au & 0.11% Ni and fatal flaw metallurgical testwork.

BRAVO’s near term strategy for Luanga is straightforward – determine the size of the deposit with an aggressive infill and step out drill program.  BRAVO is concurrently re-assaying Vale’s historical core, advancing metallurgical testwork, baseline studies and permitting activities.  BRAVO aims to ensure development optionality to be in a position to advance Luanga at the most opportune time in the commodity cycle.

(*) This website contains information on a historical estimate for the Luanga Project prepared in 2017 (the “Historical Estimate”) prepared internally by prior owners VALE SA in 2017 and reported in Mansur E.T., Ferreira Filho C.F., Oliveira D.P.L. (2020). The Luanga deposit, Carajás Mineral Province, Brazil: Different styles of PGE mineralization hosted in a medium-size layered intrusion. Ore Geology Reviews. 18p. A qualified person has not done sufficient work to classify the Historical Estimate as current mineral resources or mineral reserves under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and Bravo is not treating the Historical Estimate as current mineral resources or mineral reserves. There can be no certainty, following further evaluation and/or exploration work, that the Historical Estimate can be upgraded or verified as mineral resources or mineral reserves in accordance with NI 43-101. Further, the assays values used to calculate the nickel content in the Historical Estimate are total nickel, and thus contain both sulphide nickel (recoverable) and silicate nickel (unrecoverable). It is unknown to Bravo whether the nickel content in the Historical Estimate has been modified to account for this or not.

Simon Mottram, F.AusIMM, a Qualified Person under NI 43-101 has reviewed and approved dissemination of technical content herein