Slide 1: Large Scale PGM + Au + Ni Deposit Technical Presentation
TSXV BRVO OTCQX BRVMF Large Scale PGM + Au + Ni Deposit within the Luanga Mafic/Ultramafic Complex in Carajás Mineral District, Brazil Technical Presentation January 2024 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 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 April 4, 2023 (with an effective date of March 28, 2023) titled “Independent Technical Report for t
Slide 4: Bravo Mining – Key Value Drivers
BRAVO MINING – KEY VALUE DRIVERS 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 a
Slide 5: Tectonic Settings & Craton Margins
Tectonic Settings & Craton Margins Tectonic Settings of Magmatic Ni-Cu-PGE Systems Proximity of Ni-Cu-PGE Systems to Craton Margins Slides from C.M. Lesher’s presentation at PDAC, 2019 “Geology, Genesis, and Exploration for Magmatic Ni-Cu-PGE Systems” 5 TSXV BRVO | OTCQX BRVMF
Slide 6: Regional Geology
Regional Geology Geological Map of the Carajás Mineral Carajás Rift System Province and its surrounding basement Modified from Vasquez et al., 2008 Modified from Teixeira et al., 2021 6 TSXV BRVO | OTCQX BRVMF
Slide 7: Local Geology
Local Geology 7 TSXV BRVO | OTCQX BRVMF
Slide 8: Mineralization
Mineralization PGE+Au mineralization styles • Pd-Pt (UZ); • Ni-Rh (UZ); • Main Sulphide Zone (UZ/TZ); • Chromitite Intervals (TZ); • Massive Sulphide Zone (UZ/TZ); • Low Sulphide (TZ); 8 TSXV BRVO | OTCQX BRVMF
Slide 9: Mineralization
Mineralization Sulphide Thickness 3 PGM+Au Ni Cu Zone Stage Stratigraphy Sulphide Pt/Pd Rh/Pt Sector Host Rock Style / Comments (%) (m) (g/t) (%) (%) Southwest Fine disseminated Pd-Pt Po >> Pn 2 - 3% ~0.4 - 5 - 40 > 0.8 > 0.2 - HAR (UZ) Central sulphides / Low Rh 1 UZ Net Texture / Lower Southwest H
Slide 10: Cross Sections
Cross Sections Southwest Sector Southwest Sector Central Sector DDH22LU014 with Trench TRC22LU003 (open at depth) Multiple Mineralization zones (open at depth) Consistent Ni Sulphide Mineralization (open at depth) Central Sector Central Sector North Sector Increasing nickel grade to the SE (stratigr
Slide 11: Central Sector: DDH22LU061
Mineralization Central Sector: DDH22LU061 Pd-Pt (Ultramafic Zone): DDH22LU061 • HAR (UZ); Regolith Lithology Pt Pd Rh 3PGM+Au Ni Pt/Pd (g/t) (g/t) (g/t) (g/t) (%) Ratio • High Pt-Pd tenors; • Fine disseminated sulphides; 7.45m @ 0.91g/t PGM+Au • Low Rh content; • Pt/Pd ~ 0.4; UZ • High Pd-NiS correl
Slide 12: Central Sector: DDH22LU039
Mineralization Central Sector: DDH22LU039 – included in the core box Ni-Rh Ultramafic Zone: DDH22LU039 • Mainly hosted in HAR and DUN; • Net textures; Regolith Lithology Pt (g/t) Pd (g/t) Rh (g/t) 3PGM+Au (g/t) Ni (%) Pt/Pd Ratio • Higher Sulphides % than MSZ; • Lower Pt-Pd contents than MSZ; • Weak
Slide 13: North Sector: DDH22LU047
Mineralization North Sector: DDH22LU047 – included in the core box Massive Sulphide (MASU): DDH22LU047 • HAR (UZ)/OPY (TZ); Pt Pd Rh 3PGM+Au Ni Cu Pt/Pd Regolith Lithology (g/t) (g/t) (g/t) (g/t) (%) (%) Ratio • Ni, Cu and PGE variable contents; • Generally Ni > Cu; • Lower Pt-Pd tenor than MSZ; • G
Slide 14: Central Sector: DDH22LU042
Mineralization Central Sector: DDH22LU042 Main Sulphide Zone (UZ/TZ): DDH22LU042 • UZ (HAR) / TZ (OPY) contact; Regolith Lithology Pt Pd Rh 3PGM+Au Ni Pt/Pd (g/t) (g/t) (g/t) (g/t) (%) Ratio • Disseminated Sulphides (1-4 %); UZ • Highest PGE tenors at Luanga; • Pt/Pd (< 0.5) and Rh/Pd (~ 0.05); • 10
Slide 15: North Sector: DDH23LU202
Mineralization North Sector: DDH23LU202 – included in the core box DDH23LU202 Main Sulphide Zone (Transition Zone): Regolith Lithology Pt Pd Rh 3PGM+Au Ni Pt/Pd (g/t) (g/t) (g/t) (g/t) (%) Ratio • OPY (TZ); • Disseminated Sulphides (1-5%); • Highest Luanga PGE tenors; 6.28m @ 1.21g/t PGM+Au & 0.80%
Slide 16: Central Sector: DDH22LU059
Mineralization Central Sector: DDH22LU059 – included in the core box DDH22LU059 Main Sulphide Zone (Transition Zone): • UZ (HAR) / TZ (OPY) contact; Regolith Lithology Pt (g/t) Pd (g/t) Rh (g/t) 3PGM+Au (g/t) Ni (%) Pt/Pd Ratio • Mainly hosted in OPY (TZ); • Disseminated Sulphides (> 5%); • Higher L
Slide 17: North Sector: DDH22LU029
Mineralization Pt Pd Rh 3PGM+Au Ni Pt/Pd Regolith Lithology (g/t) (g/t) (g/t) (g/t) (%) Ratio North Sector: DDH22LU029 Main Sulphide Zone (Transition Zone): MSZ PGE Mineralization • Hosted in OPY and HAR (TZ); 58.8m @ 2.11g/t PGM+Au Including 39.4m @ 0.16% Ni • Disseminated Sulphides (1-3%); • Pt/Pd
Slide 18: Central Sector: PPT-LUAN-FD0119
Mineralization Central Sector: PPT-LUAN-FD0119 Low Sulphide (Transition Zone): • Several intervals in the TZ PPT-LUAN-FD0119 (OPY/HAR); Regolith Lithology Pt Pd Rh 3PGM+Au Ni Pt/Pd (g/t) (g/t) (g/t) (g/t) (%) Ratio • No distinctive petrographic features; • Very fine disseminated sulphides; • Stratab
Slide 19: Central Sector: DDH22LU054
Mineralization Central Sector: DDH22LU054 Chromitite Intervals (Transition Zone): DDH22LU054 • OPY/NOR contact; Pt Pd Rh 3PGM+Au Ni Pt/Pd • Variably PGE contents (up to few Regolith Lithology (g/t) (g/t) (g/t) (g/t) (%) Ratio ppm); CHR PGE • Pt/Pd (~ 4) and Rh/Pt (~ 0.3); Mineralization TZ • Thin se
Slide 20: Drilling to Date
DRILLING TO DATE Bravo + VALE COMPANY DRILL METRES (as of November 28, 2023) HOLES DRILLED VALE 235 45,942 Bravo – 2022 139 23,533 Bravo – 2023 103 27,685 Total Bravo 242 51,218 Bravo + VALE 477 97,160 20 TSXV BRVO | OTCQX BRVMF
Slide 21: 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 22: 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 • Includes 4.6Mt at 1.43 g/t PdEq of Oxide material MRE Drilling: Inferred
Slide 23: 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 ~350m in those
Slide 24: MRE Growth Potential | Oxide
MRE GROWTH POTENTIAL | Oxide TRENCHES METRES As of November 2023 16 2,260 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 25: Ni Sulphide Prospectivity: 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 – 2 dedicated drill rigs m
Slide 26: 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 27: 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 PFS 2024 Additional Phase 2 & 3 Drilling Continuation of Phase 4 Dr
Slide 28: TSXV BRVO | OTCQX BRVMF
28 TSXV BRVO | OTCQX BRVMF
Slide 29: 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