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 (TSXV: BRVO | OTCQX: BRVMF) is a Canada 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. The Luanga Project benefits from being close to operating mines, with excellent access and proximity to existing infrastructure, including roads, rail and clean and renewable hydro grid power. A fully funded 47,000m infill, step out and exploration drilling program is currently underway with a maiden NI 43-101 Mineral Resource Estimate on track for Q4-2023.
Cash: CAD$40M
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 17 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 investors. The company has an extensive drill program currently underway with a maiden Mineral Resource Estimate on track for the last quarter of 2023.
What recent news would you like to highlight to investors attending?
Sep 26, 2023 – Bravo Trenches 175m Zone of Oxide PGM+Au Mineralization at Luanga
Sep 11, 2023 – Bravo’s HeliTEM Survey Defines 17 Priority Exploration Drill Targets for Systematic testing at Luanga
Aug 15, 2023 – Bravo’s Phase 2 Program Defines Thick, High-Grade PGM+Au+Ni Mineralization at Depths of up to 330m Below Surface
Jul 11, 2023 – Bravo Extends PGM+Au+Ni Mineralization to Depth & Intercepts More Massive Sulphide Nickel
Jun 13, 2023 – Bravo Intercepts First Evidence of Massive Sulphide Nickel in the Southwest Sector and Continuation of Mineralization at Depth at the Central Sector of Luanga
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Release of maiden NI 43-101 Resources (down to 200m) and Metallurgical Testwork results
Phase 2 field program execution focusing on extensional drilling below known mineralization (over 200m down).
The company has just completed a detailed airborne Electromagnetic (“EM”) survey over the entire Luanga project area and will now drill the 17 priority magmatic nickel sulphide targets.
6 Months:
Completion of Phase 2 and continuation of Phase 3 drill programs.
12 Months:
Updated NI 43-101 resource estimate to incorporate drilling beyond 200m depth
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, with extensive historic drilling to an average depth of only ~200m. Since completing its successful C$40M IPO in July 2022, Bravo has been undertaking an extensive 47,000m drill program designed to validate, upgrade, and expand the historical mineral resource estimate. Drilling to date has confirmed historic results and also highlighted significant rhodium potential and resulted in the discovery of a new mineralization style with the intersection of massive/semi-massive sulphide nickel and copper plus PGM mineralization. Ongoing program is now focused on extensional drilling at depth (below the known mineralization) and exploration of new targets.
What are the top 3 key investor takeaways?
1. An emerging tier 1 PGM+Au+Ni deposit in the world Class Carajas Mineral District in Brazil
2. A fully funded 47,000m infill, step out and exploration drill program currently underway
3. Leadership team with global, Brazilian and PGM exploration, permitting, development and financial expertise