Bravo Mining Corp. · TSXV:BRVO
Bravo Mining — Investor Presentation (March 2024)
29 slides from Bravo Mining's investor presentation, March 2024
Slide 1: LUANGA | Critical Metals for Clean Air
TSXV BRVO OTCQX BRVMF LUANGA | Critical Metals for Clean Air Multi-Million Ounce Tier 1 PGM + Au + Ni Deposit in the World Class Carajás Mineral District, Brazil March 2024 Corporate Presentation PALLADIUM PLATINUM RHODIUM GOLD NICKEL Pd Pt Rh Au Ni
Slide 2: Forward-Looking Statement
Forward-Looking Statement This presentation contains “forward-looking information” (also referred to herein as “forward-looking (palladium, platinum and rhodium), gold silver and/or nickel prices); uncertainties associated with mineral statements”) under the provisions of applicable Canadian securit
Slide 3: Mineral Resource Estimate ("MRE") Technical Disclosure
Mineral Resource Estimate (“MRE”) Technical Disclosure All scientific and technical information relating to the Luanga Project contained in this presentation is derived from the Technical Report dated October 22, 2023 titled “Independent Technical Report for the Luanga PGE+Au+Ni Project, Pará State,
Slide 4: Investment Thesis
INVESTMENT THESIS Multi-Million Ounce Tier 1 PGE+Au+Ni Deposit in the right place, with the right people and the right strategy Multi-Million-Ounce PGM+Au+Ni Located in the world-class Carajás deposit Mineral Province of Brazil outside regions challenged by political permit-friendly and with easy ac
Slide 5: Bravo Platform for Growth
BRAVO PLATFORM FOR GROWTH Multi-Million Ounces PGE+Au+Ni Deposit outside of South Africa and Russia LUANGA PROJECT PLACE PGM+Au+Ni Acquired from VALE Low Economic Hurdle 100% owned subject to 1% royalty to Access, existing infrastructure: hydro VALE and 2% royalty to BNDES power, water, roads, rails
Slide 6: Strong Balance Sheet, Clean Structure
STRONG BALANCE SHEET, CLEAN STRUCTURE No Warrants Issued | Supported by renowned resource investors TSXV BRVO | OTCQX BRVMF BRAVO SHARE OWNERSHIP First Day of Trading (IPO price @ $1.75) July 25, 2022 Share Price (as of February 28, 2024) C$1.58 56.2% 9.9% 52 Week High/Low C$5.24/ C$1.62 BOARD, MANA
Slide 7: Location Advantage
LOCATION ADVANTAGE Low economic hurdle due to abundant infrastructure | Simple land status | Favourable fiscal regime INFRASTRUCTURE Air Rail Road Power PARAUAPEBAS: MINING CAPITAL OF PARÁ Regional centre for mining people, services & logistics EXISTING ESG ATTRIBUTES1 Privately owned Sufficient wat
Slide 8: Strategy | Upgrade & Grow Resource + Ni Prospectivity
STRATEGY | Upgrade & Grow Resource + Ni Prospectivity Substantially De-Risked | Maintain development optionality and flexibility CONFIRM, UPGRADE & GROW RESOURCE ESTIMATE RE-ASSAY, PHASE 1 MAIDEN MRE DRILLING 2024 Completed Completed in Progress in Progress 2,844 re-samples from historic Total DDH b
Slide 9: Drilling to Date
DRILLING TO DATE Bravo + VALE COMPANY DRILL HOLES METRES DRILLED (as of March 18, 2024) VALE 252 50,353 Bravo – 2022 135 23,515 Bravo – 2023 116 30,892 Bravo – 2024 21 3,789 Total Bravo 272 58,196 Bravo + VALE 524 108,549 The table above includes the 8 metallurgical holes 9 TSXV BRVO | OTCQX BRVMF
Slide 10: Luanga – An Unusually Large Mineralized System
LUANGA – An Unusually Large Mineralized System ~8.1 km long mineralized envelope | Phase I and Historical drilling only down to ~150-200m Deeper drilling on Phase II and III intersected mineralization down to at least ~450m Avg. depth of historic and Phase 1 drilling 1 BRAVO CAMP 1 North Sector 2.8
Slide 11: Maiden MRE Summary (at a 0.50 g/t PdEq cut-off grade)
Maiden MRE Summary (at a 0.50 g/t PdEq cut-off grade)* Delineated to an average depth of 200m | Mineralization continues to depths of at least ~350m Indicated: 4.1Moz PdEq | 73Mt at 1.75 g/t PdEq 38% Indicated and 62% Inferred Indicated • Includes 4.6Mt at 1.43 g/t PdEq of Oxide material Inferred MR
Slide 12: Maiden Mineral Resource Estimate at 0.5g/t Cut-off Grade
Maiden Mineral Resource Estimate at 0.5g/t Cut-off Grade INDICATED: 4.1 Moz at 1.75 g/t PdEq | INFERRED: 5.7 Moz at 1.50 g/t PdEq Average Grades and Contained Metals Estimates Resource Weathering Tonnes Pd Eq Pd Pt Rh Au Ni Classification Mt g/t Oz g/t Oz g/t Oz g/t Oz g/t Oz % Tonnes Oxide 4.6 1.43
Slide 13: MRE Growth Potential | Fresh Rock
MRE GROWTH POTENTIAL | Fresh Rock Mineralization is open at depth along the entire 8.1km of strike MRE delineated to an average depth of 200m while drilling has demonstrated Phase 2 drill holes in the Central Sector have intersected that mineralization continues to depths of at least ~450m in those
Slide 14: MRE Growth Potential | Oxide
MRE GROWTH POTENTIAL | Oxide TRENCHES METRES As of March 18, 2024 25 4,204 Significant potential to increase oxide inventory Potential for growth and higher grades of oxide mineralization likely due to supergene enrichment Trenching program only partially completed – Central Sector yet to be trenche
Slide 15: Ni Sulphide Prospectivity: 17 Priority EM Drill Targets
Ni Sulphide Prospectivity: 17 Priority EM Drill Targets Potential for new discoveries and deposit types HeliTEM (airborne electromagnetics) survey completed over the entire (7,810ha) Luanga area 17 Priority Drill Targets selected to be tested in the first round of drilling EM drill targets are prima
Slide 16: Luanga Metallurgy – De-risked by Vale, Improved by Bravo
LUANGA METALLURGY – De-risked by Vale, Improved by Bravo Luanga material amenable to producing saleable flotation concentrates BRAVO TESTWORK Sulphide: Pt 88%, Pd 80%, Rh 59%, Au 56%, Ni 50% Metallurgical recoveries used in the MRE* Oxide: Au 94%, Pd 73%, Rh 61%, Pt 24%. *See Technical Report’s Chap
Slide 17: Bravo Technical and Metals Marketing Team
BRAVO Technical and Metals Marketing Team Exceptional professionals with test-design-build success track-records across the industry +40 years of experience as metallurgist including PGM - Lonrho/Lonmin. Previously with SR. CHEMICAL ENGINEER Kinross (Director – Technical), Avanco Resources, Oz Miner
Slide 18: 2024 Drilling and Trenching Plan
2024 DRILLING AND TRENCHING PLAN Infill and Depth Extension + EM Anomalies + Trenching 16,000m of infill and drilling designed to upgrade and expand the known mineralization 3,000m of drilling allocated to follow up the HeliTEM anomalies, including down hole EM Total drilling inventory post- program
Slide 19: Key Value Drivers and Milestones
Key Value Drivers and Milestones Catalysts in the year ahead PGE+Au+Ni Deposit Ni Sulphide Prospects Oxide + Sulphides (Fresh Rock) Drilling campaign over 17 priority EM targets Upgrading and expanding current MRE in preparation for Economic Study 2024 Metallurgical MRE Update Drilling Trenching Pro
Slide 20: Key Achievements Since IPO in July 2022
KEY ACHIEVEMENTS SINCE IPO IN JULY 2022 Substantial growth, project de-risking and prospectivity delivered AT IPO TODAY 252 holes / 50,352m Drilling Inventory 524 holes | 108,549m 2PGM+Au+Ni (Historical**) 3PGM+Au+Ni MRE (NI 43-101)* Resource Size and Quality 142Mt @ 1.24 g/t Pd+Pt+Au & 0.11% Ni Ind
Slide 21: Bravo – People, Project, Place, Strategy
BRAVO – People, Project, Place, Strategy Fully funded to execute on MRE Upgrade Activities, Ni Exploration, Permitting to PFS PEOPLE PROJECT Fit for purpose team Emerging Tier 1 asset due to quality, scale and location Brazilian permitting, exploration, development and operating expertise Multi-mill
Slide 22: For additional information contact
TSXV BRVO OTCQX BRVMF For additional information contact: ALEX PENHA EVP Corporate Development alex.penha@bravomining.com www.bravomining.com | LinkedIn @BravoMining | Twitter X @BRVOMining | YouTube Bravo Mining PALLADIUM PLATINUM RHODIUM GOLD NICKEL Pd Pt Rh Au Ni
Slide 23: Appendices
TSXV BRVO OTCQX BRVMF APPENDICES PALLADIUM PLATINUM RHODIUM GOLD NICKEL Pd Pt Rh Au Ni
Slide 24: Leadership Strategy – Fit for Purpose Board
LEADERSHIP STRATEGY – Fit for Purpose Board Global, Brazilian and PGM exploration, permitting, development, construction and operation expertise LUIS STUART TONY STEPHEN AZEVEDO COMLINE POLGLASE QUIN Ex. Chairman & CEO Director Director Director Brazilian, based in Brazil British, based in South Afr
Slide 25: Leadership Strategy – Brazilian Expertise Key to Success
LEADERSHIP STRATEGY – Brazilian Expertise Key to Success Brazilian and PGM, financial, exploration, permitting and development expertise SIMON MANOEL ALEX HEINRICH PAULO ILIDIO MOTTRAM CERQUEIRA PENHA MÜLLER DE BRITO President CFO EVP Corporate Development VP Technical Services VP Exploration Austra
Slide 26: Permitting and Access
PERMITTING AND ACCESS De-risked future permitting process | Surface access agreements for 100% of Luanga Deposit Luanga Added to Brazilian Pará State Environmental Agency Government’s List of Strategic Issued “Terms of Reference” Minerals Projects for Luanga Strategic Minerals Policy aims to priorit
Slide 27: Site Access Road
Site Access Road 2022 2023 2023 2023 2023 2023 27 TSXV BRVO | OTCQX BRVMF
Slide 28: Social Responsibility
SOCIAL RESPONSIBILITY Not just a moral obligation, but a crucial component of Bravo’s business success Bravo’s Nursery Distribution of Uniforms Christmas Food Drive Our partnership with local communities have been instrumental in securing social license and building a positive reputation Planting th
Slide 29: ESG – Trust is the Rarest Commodity
ESG – Trust is the Rarest Commodity Foundation of Bravo ESG Board Committee Environmental Social Governance WATER/LAND IMPACT PEOPLE INDEPENDENCE Disturbed land, predominantly used Brazilian employees & contractors: 80% of workforce Board that is majority independent from for cattle grazing are resi