Slide 1: LUANGA | Critical Metals for Clean Air
TSXV BRVO OTCQX BRVMF LUANGA | Critical Metals for Clean Air October 2024 Corporate Presentation Multi-Million Ounce Tier 1 PGM + Au + Ni Deposit & High-Grade IOCG-Style Massive Sulphide Copper-Gold Mineralization Discovery in the World Class Carajás Mineral District, Brazil PALLADIUM PLATINUM RHODI
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 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, exis
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 October 8, 2024) C$2.47 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 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 Sep 3, 2024) VALE 252 50,353 Bravo – 2022 135 23,515 Bravo – 2023 116 30,892 Bravo – 2024 71 14,092 Total Bravo 322 68,499 Bravo + VALE 574 118,852 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
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 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 leas
Slide 14: MRE Growth Potential: Fresh Rock – North Sector
MRE GROWTH POTENTIAL | Fresh Rock – North Sector North Sector Emerges as Second Thick, High-Grade Centre of Gravity for the Luanga 2024 Holes Drilling in the North Sector continues to show improvements in both grade and thickness compared to historic drilling in this sector. Mineralization intersect
Slide 15: MRE Growth Potential: Oxide
MRE GROWTH POTENTIAL | Oxide TRENCHES METRES As of July 31, 2024 35 6,912 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 trenched
Slide 16: 2024 PGM+Ni Drilling and Trenching Plan
2024 PGM+Ni DRILLING AND TRENCHING PLAN Infill and Depth Extension + Trenching +17,000m of infill and drilling designed to upgrade and expand the known mineralization Total drilling inventory post- program for MRE update: +130,500m 13,000m of trenching to more fully define and potentially expand the
Slide 17: 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 18: 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 19: Luanga Located Within Trend of Major IOCG Deposits
Luanga Located Within Trend of Major IOCG Deposits IOCG Deposits in the Carajás Region 19 TSXV BRVO | OTCQX BRVMF
Slide 20: Ni and Cu Sulphide Prospectivity: 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 21: Bravo Intersects High-Grade IOCG-Style Copper-Gold Mineralization
Bravo Intersects High-Grade IOCG-Style Massive Sulphide Copper-Gold Mineralization in Drill Testing of Luanga EM targets 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 copper-gold in
Slide 22: 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 23: 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 24: 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 25: 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 26: Target 05 Drill Location | 200m Mineralized Strike
TARGET 05 DRILL LOCATION | 200m Mineralized Strike (so far) Off-conductors at T5 generated from drill hole DDH2305T001 5.2m at 3.1% Cu, 11.48m at 14.3% 1.1g/t Au Cu, 3.3g/t Au Drill holes 001-005, 009 and 010 8.75m at 9.48% Cu and 2.1g/t Au intersected conductor Bore-Hole EM (BHEM) 014 013 progressi
Slide 27: T6 and T16 Targets – Preliminary Results
T6 AND T16 TARGETS – PRELIMINARY RESULTS Potentially two distinctly different styles of magmatic related mineralization not previously observed at Luanga T6 TARGET: DDH2406T002 T16 TARGET: DDH2416T001 - 1.29m at 2.39% Cu, 1.17% Ni 6m of massive/semi-massive/breccia sulphides in Have successfully int
Slide 28: Preliminary Follow Up Program
PRELIMINARY FOLLOW UP PROGRAM* *Ongoing Discussion Follow up drilling at T5 (in progress) Drilling planned/ongoing on T1, T6, T11, T15, T16 and T17 Additional exploration drilling and preliminary metallurgical program • 8,000 metres (expansion is results driven) • To be evaluated according to result
Slide 29: 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) Drilling campaign over 17 priority EM targets Upgrading and expanding current MRE in preparation for Economic Study 2024 Metallurgical MRE Update Drilling Tre
Slide 30: 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 574 holes | 118,852m 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 31: 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 32: 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 COPPER Pd Pt Rh Au Ni Cu
Slide 33: Appendices
TSXV BRVO OTCQX BRVMF APPENDICES PALLADIUM PLATINUM RHODIUM GOLD NICKEL COPPER Pd Pt Rh Au Ni Cu
Slide 34: 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 35: 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 36: 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 37: 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 38: IOCG Deposits in the Carajás Mineral District
IOCG DEPOSITS IN THE CARAJAS MINERAL DISTRICT Luanga Located Within Trend of Major IOCG Deposits Resources/Exp. Potential Deposit Stage Grade Cu (%) Grade Au (g/t) (Mt) Cristalino Feasibility 130 0.81 0.14 Cristalino brownfield Exp. Target 30 0.70 Furnas PFS 250 0.58 0.35 Paulo Afonso PFS 350 0.90 P
Slide 39: 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 40: Site Access Road
Site Access Road 2022 2023 2023 2023 2023 2023 40 TSXV BRVO | OTCQX BRVMF
Slide 41: 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 42: 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