Bravo Mining (TSX.V: BRVO) shares rose on Tuesday after the firm reported a 117% boost in determined and shown sources at its Luanga palladium, platinum, rhodium, gold, and nickel (PGM+A u+ Ni) down payment in the Carajás Mineral District, Pará State, Brazil.
The firm additionally reported a 154% boost in the overall quantity of included palladium matching (PdEq) ounces, contrast to a 2023 price quote.
Bravo’s shares were trading at CAD 2.54 on Tuesday early morning, up 10.43% in Toronto. The firm has a market capitalization of CAD 277 million ($ 195 million).
Luanga’s calculated place
Luanga lies ~ 40 kilometres ENE of Parauapebas, the mining funding of Pará and home to Vale’s Carajás complex, the firm’s primary iron ore manufacturing center.
According to Bravo, the presumed sources at the down payment have actually raised to 78 million tonnes with a quality of 2.01 grams per tonne of palladium matching, causing a total amount of 5 million ounces of palladium matching.
The firm additionally reported that determined and Suggested sources currently stand for 67% of the overall mineral source price quote (MRE), a rise from 38% in the 2023 price quote.
Bravo’s 2025 pit-constrained mineral source price quote consists of 158 million tonnes with a quality of 2.04 grams per tonne of palladium matching, totaling up to a total amount of 10.4 million ounces of palladium matching.
” The 2025 MRE strongly develops our Luanga Task as one of minority massive, multi-million-ounce, open-pit PGM down payments readily available internationally, in mining-friendly, geopolitically positive areas,” stated Luis Azevedo, Chairman and chief executive officer.
发布者：MINING.COM Staff Writer，转转请注明出处：https://robotalks.cn/bravo-mining-shares-jump-as-luanga-pgm-resource-expands/
