Bravo Mining Corp. · TSXV:BRVO
Bravo Mining — Investor Presentation (January 2025)
39 slides from Bravo Mining's investor presentation, Jan 24, 2025
Slide 1: LUANGA | Critical Metals for Clean Air
TSXV BRVO OTCQX BRVMF LUANGA | Critical Metals for Clean Air January 2025 Corporate Presentation Multi-Million Ounce Tier 1 PGM + Au + Ni Deposit & A member of High-Grade IOCG-Style Massive Sulphide Copper-Gold Mineralization Discovery in the World Class Carajás Mineral District, Brazil PALLADIUM PL
Slide 2: Forward-Looking Statement
Forward-Looking Statement This presentation contains “forward-looking information” (also referred to herein as “forward-looking statements”) not limited to, those in respect of: liabilities inherent in the Company’s operations and mineral projects in the under the provisions of applicable Canadian s
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 & High-Grade IOCG-Style Massive Sulphide Copper-Gold Mineralization Discovery 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 + High-Grade IOCG Pro
Slide 5: Bravo Platform for Growth
BRAVO PLATFORM FOR GROWTH Multi-Million Ounces PGM+Au+Ni Deposit outside of South Africa and Russia High-Grade IOCG-Style Massive Sulphide Copper-Gold Mineralization Discovery LUANGA PROJECT PLACE PGM+Au+Ni Deposit + Cu-Au Prospect Low Economic Hurdle 100% owned subject to 1% royalty to Access and e
Slide 6: Strong Balance Sheet, Clean Capital Structure
STRONG BALANCE SHEET, CLEAN CAPITAL STRUCTURE No Warrants Issued | Supported by renowned resource investors TSXV BRVO | OTCQX BRVMF BRAVO SHARE OWNERSHIP First Day of Trading (IPO price @ $1.75) Aug 30, 2022 Share Price (as of January 24, 2025) C$2.25 55.8% 9.8% 52 Week High/Low C$4.40/ C$1.47 BOARD
Slide 7: Location Advantage
LOCATION ADVANTAGE Low economic hurdle due to abundant infrastructure | Simple land status | Favourable fiscal regime INFRASTRUCTURE Cu-Au Occurrences Air Rail Road Power PARAUAPEBAS: MINING CAPITAL OF PARÁ | Cu-Au (?) Regional centre for mining people, services & logistics EXISTING ESG ATTRIBUTES1
Slide 8: Strategy | Upgrade & Grow Resource + Ni and Cu-Au IOCG
STRATEGY | Upgrade & Grow Resource + Ni and Cu-Au IOCG Prospectivity Substantially De-Risked | Maintain development optionality and flexibility CONFIRM, UPGRADE & GROW RESOURCE ESTIMATE + FOLLOW UP IOCG DISCOVERY RE-ASSAY, PHASE 1 MAIDEN MRE PGM+Ni DRILLING IOCG DISCOVERY FOLLOW UP Completed Complet
Slide 9: Multi-Million Ounces PGM+Au+Ni Deposit outside of South Africa and Russia
Multi-Million Ounces PGM+Au+Ni Deposit outside of South Africa and Russia 4.1Moz PdEq | 73Mt at 1.75 g/t PdEq - Indicated 5.7Moz PdEq | 118Mt at 1.50 g/t PdEq - Inferred …and growing
Slide 10: Drilling to Date
DRILLING TO DATE Bravo + VALE COMPANY DRILL HOLES METRES DRILLED (as of Dec 20, 2024) VALE 252 50,353 Bravo – 2022 135 23,515 Bravo – 2023 116 30,892 Bravo – 2024 94 19,269 Total Bravo 345 73,676 Bravo + VALE 597 124,029 The table above includes the 8 metallurgical holes 10 TSXV BRVO | OTCQX BRVMF
Slide 11: 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 12: 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 ~450m 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 13: MRE Growth Potential | Fresh Rock – Central Sector
MRE GROWTH POTENTIAL | Fresh Rock – Central Sector Mineralization is open at depth along the entire 8.1km of strike Multiple thick high grade mineralized zones at North Sector MRE delineated to an average depth of 200m while drilling has demonstrated that mineralization continues to depths of at lea
Slide 14: MRE Growth Potential | Oxide
MRE GROWTH POTENTIAL | Oxide TRENCHES METRES Potential to increase oxide inventory As of December 20, 2024 46 9,066 Potential for growth and higher grades of oxide mineralization likely due to supergene enrichment 9,066m executed in 2024 to cover the entire strike length of the Luanga deposit Trench
Slide 15: 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 16: High-Grade IOCG-Style Massive Sulphide Copper-Gold Discovery
High-Grade IOCG-Style Massive Sulphide Copper-Gold Discovery 11.48m at 14.3% Cu, 3.3g/t Au including 2.9m at 22.9% Cu, 3.6g/t Au 8.75m at 9.48% Cu and 2.1g/t Au
Slide 17: Luanga Located Within Trend of Major IOCG Deposits
Luanga Located Within Trend of Major IOCG Deposits IOCG Deposits in the Carajás Region 17 TSXV BRVO | OTCQX BRVMF
Slide 18: Ni and Cu Sulphide Prospectivity: 17 Priority EM Drill Targets
Ni and Cu Sulphide Prospectivity: 17 Priority EM Drill Targets Massive Nickel Sulphide Discovery Prompted Detailed HeliTEM Program, BHEM and Interpretation AUGUST 3, 2022 - Bravo Intercepts Massive Sulphide Mineralization at its Luanga (PGM + Au + Ni) Project 1st DDH22LU47: 11m @4.24g/t PGM+2.04% Ni
Slide 19: EM Priority Targets Selection
EM PRIORITY TARGETS SELECTION First interpretation selected 54 targets False conductors associated with power lines and conductors 100% outside the mineral property were removed 36 EM targets remained • 17 1st priority targets • 19 2nd priority targets 13 Targets were drill-tested in 2023 and have B
Slide 20: Bravo Intersects High-Grade IOCG-Style Massive Sulphide Copper-Gold Mineralization
Bravo Intersects High-Grade IOCG-Style Massive Sulphide Copper-Gold Mineralization in Drill Testing of Luanga EM targets | May 2024 11.48m at 14.3% Cu, 3.3g/t Au including 2.9m at 22.9% Cu, 3.6g/t Au – Discovery Hole 8.75m at 9.48% Cu and 2.1g/t Au – 2nd Hole 50m east and along strike High-grade cop
Slide 21: T5 - DDH2405T002 | 11.48m at 14.3% Cu and 3.3g/t Au
T5 - DDH2405T002 | 11.48m at 14.3% Cu and 3.3g/t Au First Assay Result From First Drilled EM Anomaly Post HeliTEM and Bore-hole Electromagnetic (“BHEM”) FROM (m) TO (m) LENGTH (m) Cu % Au g/t 165.62 166.60 0.98 11.04 5.22 166.60 167.50 0.90 12.61 1.45 167.50 168.50 1.00 23.62 6.39 168.50 169.45 0.95
Slide 22: T5 - DDH2405T004 | 8.75m at 9.48% Cu and 2.1g/t Au
T5 - DDH2405T004 | 8.75m at 9.48% Cu and 2.1g/t Au 2nd Drill Hole - Completed 50m to the east of DDH2405T002 Supports the IOCG-style mineralization intersected in DDH2405T002 to the west and appears to confirm the continuity of the sulphide mineralization. Remains open along strike and up and down d
Slide 23: Best Cu% Grade Intercept Globally
Best Cu% Grade Intercept Globally DDH2405T002 – Among Top #5 Rank Cu% Grade Intercept over the Last 5 Years 2024 YTD | 287 Announcements with Cu% Intercept 2023 | 881 Announcements with Cu% Intercept 2022 | 1,180 Announcements with Cu% Intercept 2021 | 957 Announcements with Cu% Intercept 2020 | 536
Slide 24: T5 Drilling Status
T5 DRILING Discovery STATUS Hole 5.2m at 3.1% Cu, 11.48m at 14.3% 1.1g/t Au Cu, 3.3g/t Au ~300m Mineralized Strike (so far) Open and dipping to the east Typical mineralization of iron oxide copper-gold ~300m (IOCG)-style deposits 24 TSXV BRVO | OTCQX BRVMF
Slide 25: Large Magnetic Anomaly Identified
LARGE MAGNETIC ANOMALY IDENTIFIED Significant Magnetic Anomalies Identified 5.2m at 3.1% Cu, 11.48m at 14.3% Central Location: The anomalies are 1.1g/t Au Cu, 3.3g/t Au centrally positioned among: 1) T5; 2) Historic copper workings; 3) Bravo’s high-grade massive sulphide intersected in DDH22LU047 (A
Slide 26: IOCG Follow Up Program
IOCG FOLLOW UP PROGRAM* *Ongoing Discussion Potential HeliTEM New Targets All EM targets to be re-examined with an IOCG view Additional IP lines underway Soil sampling coverage to be extended Magnetics and soil chemistry to be re-interpretated The number of priority EM targets are now fluid, and wil
Slide 27: Key Value Drivers and Milestones
Key Value Drivers and Milestones Catalysts in the year ahead PGE+Au+Ni Deposit Ni and Cu-Au Sulphide Prospects Oxide + Sulphides (Fresh Rock) Exploration and Drilling campaign over EM targets Upgrading and expanding current MRE in preparation for Economic Study 2025 Metallurgical PGM+Au+Ni MRE Permi
Slide 28: Key Achievements Since IPO in July 2022
KEY ACHIEVEMENTS SINCE IPO IN JULY 2022 Substantial growth, project de-risking and high prospectivity delivered AT IPO TODAY 252 holes / 50,352m Drilling Inventory 597 holes | 124,029m 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% N
Slide 29: Bravo – People, Project, Place, Strategy
BRAVO – People, Project, Place, Strategy Fully funded to execute on MRE Upgrade Activities, Ni and Cu-Au 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
Slide 30: For additional information contact: Alex Penha
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 COPPER Pd Pt Rh Au Ni Cu
Slide 31: Appendices
TSXV BRVO OTCQX BRVMF APPENDICES PALLADIUM PLATINUM RHODIUM GOLD NICKEL COPPER Pd Pt Rh Au Ni Cu
Slide 32: 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 33: 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 34: 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 35: 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 36: 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 37: Site Access Road
Site Access Road 2022 2023 2023 2023 2023 2023 37 TSXV BRVO | OTCQX BRVMF
Slide 38: 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 39: 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