Bravo Mining Corp
Primary ticker: TSXV: BRVO, OTCQX: BRVMF
Stage of development: Exploration
Primary minerals: Palladium,Platinum,Rhodium,Nickel,Gold
Project to promote: Luanga PGM+Au+Ni Project
Project location: Brazil
Website: bravomining.com
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.
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.
Cash: CAD$44.6M
Debt: NIL
Major shareholders:
Tembo Capital – 9.9%
BrackRock – 9.3%
Franklin Templeton – 4.3%
RCF – 2.6%
Sprott Group – 1.2%
Management Ownership – 56.2%
Financials
Management Profile
Luis Azevedo- Chairman and CEO
A resource industry professional with over 30 years of international experience and is specialized in the Brazilian Mining Code. Mr. Azevedo has also been an active spokesperson and advocate for the Brazilian mining sector and works closely with the highest levels of all branches of the Brazilian Federal Government. He has been Founder, Executive and Non-Executive Director of numerous private and public exploration, development and mining companies across the commodity complex in Brazil, including ASX listed Avanco Resources (sold to ASX listed Oz Minerals in 2018), TSX listed Rio Verde Minerals Development Corp. (sold to B&A Mineração S.A.in 2013) and TSX listed Talon Metals Corp. He is currently a Director of TSX/LSE listed Serabi Gold PLC, AIM listed Harvest Minerals Ltd and AIM listed Jangada Mines PLC.
Alex Penha – EVP Corporate Development
Over 18 years of experience in Canadian Capital Markets focusing on junior mining companies, including roles in Investment Banking and Equity Research and as an Executive Officer for TSX and TSXV listed companies where he played key roles executing equity raises and going publicly transactions, along with Corporate Development and M&A strategies/transactions. Mr Penha is a Founder, Director and EVP Corporate Development of privately held 4B Mining Corp., a Brazilian iron ore producer and manganese project developer. He is also an Independent Director for AIM listed Brazilian organic fertilizer producer, Harvest Minerals Ltd and Corporate Development.
What is your rationale for taking part in 121 Mining Investment?
Market support and awareness with institutions and high net worth retail investors. The company has an extensive drill program currently underway and expect to have an updated MRE in the last quarter of 2024.
What recent news would you like to highlight to investors attending?
Apr 15, 2024 – Bravo’s Trenching Program Continues to Deliver Strong Results
Mar 13, 2024 – Bravo Intercepts Best PGM+Au+Ni Drill Hole to Date at Luanga
Feb 21, 2024 – Bravo Intersects Shallow, Wider and Higher-Grade PGM+Au+Ni Mineralization in the North Sector at Luanga
Feb 13, 2024 – Bravo Intercepts Deeper, Wider and Higher-Grade PGM+Au+Ni Mineralization in the Central Sector, Luanga Project
Jan 19, 2024 – Bravo Mining Named Top Performing Company on 2024 OTCQX Best 50 List
Oct 22, 2023 – Bravo Announces Maiden Mineral Resource Estimate of 4.1 Moz Palladium Equivalent (“PdEq”) Indicated and 5.7 Moz PdEq Inferred at Luanga
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Continue Drilling Program (Phase 3) – 16,000m of infill and drilling designed to upgrade and expand the known mineralization.
Continue Trenching Program – 11,000m of additional trenching along the entire 8km strike length of the Luanga deposit to more fully define and potentially expand the oxide mineralization.
Start Drilling EM Anomalies – 3,000m of drilling allocated to follow up the HeliTEM identified anomalies, including down hole electromagnetic (DHEM) surveys.
Continue Metallurgy Program – Focused on evaluating downstream processing options toward detailed characterization, flow-sheet design, and optimization.
Submission of the Environmental Impact Assessment (EIA) and application for the Preliminary Licence (LP) with the Pará State Environmental Agency.
6 Months:
Completion of Phase 2 and continuation of Phase 3 drill programs.
Continue Trenching Program – 11,000m of additional trenching along the entire 8km strike length of the Luanga deposit to more fully define and potentially expand the oxide mineralization.
Continue Drilling EM Anomalies – 3,000m of drilling allocated to follow up the HeliTEM identified anomalies, including down hole electromagnetic (DHEM) surveys.
Continue Metallurgy Program – Focused on evaluating downstream processing options toward detailed characterization, flow-sheet design, and optimization.
12 Months:
Upon completion of the ongoing drilling program, Bravo will have a total drilling inventory of approximately 129,500m, an increase of approximately 50% compared to the total drilling utilized in our maiden Mineral Resource Estimate (MRE).
The planned trenching program, proven effective in adding tonnages to the MRE, will be substantially expanded to cover Luanga’s extensive 8.1km strike length.
Additionally, we have allocated 3,000m of exploratory drilling to evaluate the nickel sulphide potential of the project.
Various multidisciplinary activities in support of future economic studies, including continuing metallurgical testing and optimization, along with progress in the permitting process, are well underway and should support a disciplined review of potential future options for the Project.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
As any junior exploration company, we are exposed to commodity market cycles and availability of capital throughout these cycles. Bravo’s IPO and follow-on financings have provided capital that exceeds its requirements to execute the current work program.
What do you think makes your company such a compelling investment?
The Luanga PGM+Au+Ni Project has an unusually large mineralization envelope of 8.1km long and has defined 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 reported its maiden MRE with 4.1Moz @ 1.75g.t PdEq Indicated and 5.7Moz @ 1.50g/t PdEq Inferred, (Palladium Equivalent).
There remains substantial immediate growth potential to this initial MRE, both at depth and in the oxide layer of the deposit. In addition, Bravo is firmly progressing with the drilling of the recently identified priority EM anomalies, which targets massive or semi-massive sulphides.
With ~US$32 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
What are the top 3 key investor takeaways?
1. 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.
2. A fully funded extensive infill, step out and exploration drill program to expand current MRE
3. Leadership team with global, Brazilian and PGM exploration, permitting, development and financial expertise