Bravo Mining Corp. · TSXV:BRVO
Bravo Mining — Investor Presentation (October 2022)
33 slides from Bravo Mining's investor presentation, Oct 17, 2022
Slide 1: Luanga: An Emerging Tier 1 Palladium + Platinum + Rhodium + Gold + Nickel Deposit in Brazil
Luanga: An Emerging Tier 1 Palladium + Platinum + Rhodium + Gold + Nickel Deposit in Brazil TSXV: BRVO OTCQX: BRVMF Green Metals for a Green Future OCTOBER 17, 2022
Slide 2: Forward Looking Statement
Forward Looking Statement This presentation contains “forward-looking information” (also referred to herein as “forward-looking statements”) under the provisions of applicable Canadian securities legislation regarding Bravo Mining Corp. (“Bravo” or the “Company”). Generally, these forward-looking st
Slide 3: Technical Disclosure
Technical Disclosure General: There is currently no market through which the Offered Shares may be sold, and purchasers may not be able to resell Offered Shares purchased under the prospectus. This may affect the pricing of the Common Shares in the secondary market, the transparency and availability
Slide 4: Opportunity
Opportunity Right people, project, place & strategy PGM + Au + Ni Luanga Project – Acquired from VALE Luanga Platform for growth, Pd dominant with Pt+Rh+Au+Ni § Historical Estimate* of mineral resources 142Mt @ 1.24 g/t Pd+Pt+Au & 0.11% Ni using a cut-off grade of 0.5 g/t PGM + Au § Wide zones of mi
Slide 5: Leadership Strategy – Fit for Purpose Board
Leadership Strategy – Fit for Purpose Board Global, Brazilian & PGM exploration, permitting, development, construction & operation expertise Luis Azevedo Dr Nicole Adshead-Bell Stuart Comline Tony Polglase Stephen Quin Ex. Chairman & CEO Lead Director Director Director Director Brazilian, based in B
Slide 6: Leadership Strategy – Brazilian Expertise Key to Success
Leadership Strategy – Brazilian Expertise Key to Success Brazilian & PGM financial, exploration, permitting & development expertise Simon Mottram Manoel Cerqueira Alex Penha Heinrich Muller Paulo Ilidio de Brito President CFO EVP Corporate Development VP Technical Services VP Exploration Australian/
Slide 7: Capital Structure
Capital Structure Straight shares | No warrants issued Bravo Share Ownership – Post IPO Ticker Symbol TSX.V : BRVO First Day of Trading July 25,2022 Sprott Group Retail 1.3% 9.8% Share Price (as of October 14, 2022) C$1.77 Rick Rule 1.1% 52 Week High/Low C$1.85/ C$1.62 RCF 2.8% Shares Issued & Outst
Slide 8: Location Advantage
Location Advantage Low economic hurdle due to abundant infrastructure Infrastructure Air ✦ Road ✦ Rail ✦ Power Parauapebas – Mining Capital of Pará Regional centre for mining people, services & logistics Existing ESG Attributes1 Privately Owned ✦ All Surface Rights Negotiated ✦ No Communities or Ind
Slide 9: Permitting and Access
Permitting and Access De-risked future permitting process | Surface access agreements for 100% of Luanga Deposit Luanga added to Brazilian Government’s list of Strategic Metals Projects § Aims to prioritize the development of mineral projects that are strategic for Brazil’s growth Environmental Agen
Slide 10: Existing Advantages
Existing Advantages Access, existing infrastructure and local relationships allowed rapid deployment of exploration team Paved Highway to Site Turnoff Site Turnoff Unpaved Road to Site Luanga – Outcropping Ridge VALE Historic Core Core Logging Site Camp Drilling October 2022 Bravo Mining Corp. | TSX
Slide 11: Historic High-Quality Exploration by VALE in Early 2000s
Historic High-Quality Exploration by VALE in Early 2000s “Classic” Neoarchean PGM mafic-ultramafic complex, mineralized zones 10-50m thick Surface Work § Mapping, surface sampling, geophysics defined multiple anomalous zones Historic Drilling by VALE § Focused on outcropping PGM+Au+Ni mineralization
Slide 12: Bravo 2022 Planned Exploration
Bravo 2022 Planned Exploration High volume results (new drill holes and re-assay of historic core) Twin, Infill & Step Out Drilling § Ongoing Phase 1 +25,500 meter drill program § 15,554 completed to date, avg. 700m per week § Average C$250/m all-in drilling cost § 6 rigs on site § 90 drill holes co
Slide 13: Comparison of Historic PGM+Au Assays and Bravo’s Re-Assays by ALS & SGS
Comparison of Historic PGM+Au Assays and Bravo’s PGM+Au Re-Assays by ALS & SGS Bravo’s ALS and SGS intercept thickness closely correlate with the historic intercepts while ~80% of Bravo’s 3 PGM+Au exceed Historic 3PGM+Au FROM TO THICKNESS HISTORIC 4E BRAVO 4E ALS BRAVO 4E SGS HOLE-ID (m) (m) (m) (Pd
Slide 14: Top 20 Bravo Diamond Drill Intercept
Top 20 Bravo Diamond Drill Intercept Bravo’s drilling and re-assay results to date HOLE-ID FROM (m) TO (m) WIDTH (m) Pd g/t Pt g/t Rh g/t Au g/t PGM +Au (g/t) Ni % (Sulphide) TYPE DDH22LU002 33.2 70.0 36.8 1.53 0.70 0.10 0.30 2.63 0.17 FR DDH22LU007 100.6 131.0 30.4 1.90 0.97 0.17 0.14 3.18 0.20 FR
Slide 15: Luanga Geology & Long Sections
Luanga Geology & Long Sections Extensive, ~8.1 km long mineralized envelope, only drilled to average depth of 200m by VALE October 2022 Bravo Mining Corp. | TSXV: BRVO | OTCQX: BRVMF 15
Slide 16: Section 1 – Southwest Sector
Section 1 – Southwest Sector Bravo twin hole compares well to VALE historic drill hole DDH22LU001 – Bravo’s Twin hole closely correlates with the immediately adjacent VALE historic drill hole in both tenor and mineralized thickness VALE’s Historic Hole: 71.00m @ 3.71 g/t PGM+Au Bravo’s Twin Hole: 70
Slide 17: Section 2 – Central Sector
Section 2 – Central Sector Bravo twin hole compares well to VALE historic drill hole DDH22LU007 – Bravo’s Twin hole closely correlates with the immediately adjacent VALE historic drill hole in both tenor and mineralized thickness VALE’s Historic Hole: 25.00m @ 3.88 g/t PGM+Au Bravo’s Twin Hole: 25.3
Slide 18: Section 3 – North Sector
Section 3 – North Sector VALE historic holes show multiple zones of PGM+Au mineralization October 2022 Bravo Mining Corp. | TSXV: BRVO | OTCQX: BRVMF 18
Slide 19: Bravo Intercepts High Grade Nickel/Copper Massive Sulphide
Bravo Intercepts High Grade Nickel/Copper Massive Sulphide Results include 11m @ 2.04% Nickel + 1.23% Copper + 4.24 g/t 3PGM+Au DDH22LU047 Reported | >>> Pending Drill Holes on the same section: DDH22LU052 | DDH22LU049 Thickn From To Pd Pt Rh Au PGM + Ni Cu HOLE-ID ess Type (m) (m) (g/t) (g/t) (g/t)
Slide 20: Exceptional Rhodium Results from Overlimit Assays
Exceptional Rhodium Results from Overlimit Assays Results include 6m @ 8.93 g/t PGM + Au (with 1.81 g/t Rh) including 2m @ 24.4 g/t PGM + Au (with 5.07 g/t Rh) Hole ID From To Thickness Pd Pt Rh Au PGM + Au Ni TYPE (m) (m) (m) (g/t) (g/t) (g/t) (g/t) (g/t) (%) PPT-LUAN-FD0065 21.0 27.0 6.0 0.95 6.16
Slide 21: Ongoing Metallurgical Tests
Ongoing Metallurgical Tests Building on historic positive fatal flaw metallurgical testwork Previous owner conducted extensive abrasion, milling and flotation tests in South Africa, Canada and Brazil § Fatal flaw metallurgical testwork demonstrated ~70% PGM recoveries and “saleable” bulk Pd + Pt + R
Slide 22: ESG – Trust is the Rarest Commodity
ESG – Trust is the Rarest Commodity Foundation of Bravo, formed ESG Board Committee ENVIRONMENTAL SOCIAL GOVERNANCE Water/Land Impact People Independence - Disturbed land; predominantly used for cattle - Brazilian employees & contractors - Board that is majority independent from grazing - All employ
Slide 23: Simple Strategy – Confirm, Upgrade & Grow Historic Resources
Simple Strategy – Confirm, Upgrade & Grow Historic Resources Leveraging historic exploration activities to reduce risk for a high value opportunity, maintain development optionality and flexibility Confirm, Upgrade & Grow Historic Resource Estimate Permitting Expertise § Designated Strategic Mineral
Slide 24: Appendices
Appendices TSXV: BRVO OTCQX: BRVMF October 2022 Bravo Mining Corp. | TSXV: BRVO | OTCQX: BRVMF 24
Slide 25: Luanga Select Historic Drill Intersections – High Grade Potential
Luanga Select Historic Drill Intersections1 – High Grade Potential Ongoing Phase 1 designed to confirm, infill and step out from historic drill to provide the basis for resource estimate HOLE-ID FROM (m) TO (m) WIDTH (m) 2 Pd g/t Pt g/t Rh g/t Au g/t 3PGM+Au Ni% Total Ni% Sulphide Pd Eq g/t FD0136 0
Slide 26: Comparison of Re-Assay Intercepts – Historic (SGS) vs Bravo (ALS)
Comparison of Re-Assay Intercepts – Historic (SGS) vs Bravo (ALS) >80% of re-assay intersections received to date returning better grades as compared to historic results HISTORIC SGS BRAVO ALS HISTORIC BRAVO** HOLE-ID FROM (m) TO (m) THICKNESS (m) TYPE PGM + Au (g/t) PGM + Au (g/t) Ni% (Total) Ni% (
Slide 27: Discovery Lifecycle
Discovery Lifecycle1 Bravo not exposed to discovery risk as Pd+Pt+Rh+Au+Ni mineralization intersected across ~7km mineralized envelope 2Chalice (ASX:CHN) Share Price Performance – Jan-19 to May-22 Operating Mine Up ~2,618% from 23-Mar-20 to peak in 15-Nov-22 (Trading View) rs Resource esto Definitio
Slide 28: Luanga – Contributing to the De-Carbonization Solution
Luanga – Contributing to the De-Carbonization Solution Existing infrastructure and hydro power minimize environmental footprint 46 106.42 78 195.085 45 102.91 Pd Pt Rh The “Other” Precious Metals Palladium Platinum Rhodium ü Versatile and rare metals used to remove harmful emissions from exhausts ü
Slide 29: Palladium Primary Supply 2022
Palladium Primary Supply 2022 Limited palladium supply from stable jurisdictions, paucity of new material discoveries with low economic hurdle Palladium – Supply Concentration Risk North § Russia supplied ~40% of primary Pd supply in 20211 America Russia 13% 40% Right Commodity Mix – Something for E
Slide 30: Palladium Supply & Demand Summary
Palladium Supply & Demand Summary Demand driven by automotive industry, 2022 primary supply uncertain due to Russian sanctions Palladium Supply & Demand1 Palladium Primary Supply By Jurisdiction1 12,000 8,000 10,000 6,000 4,000 8,000 2,000 6,000 0 4,000 2017 2018 2019 2020 2021 South Africa Russia O
Slide 31: Platinum Supply & Demand Summary
Platinum Supply & Demand Summary Demand driven by automotive and industrial applications, with increased industrial demand in numerous areas Platinum Supply & Demand1 Platinum Primary Supply By Jurisdiction1 9,000 8,000 7,000 6,000 4,000 5,000 2,000 3,000 0 2017 2018 2019 2020 2021 1,000 South Afric
Slide 32: Rhodium Supply & Demand Summary
Rhodium Supply & Demand Summary Demand driven by automotive industry, swing supply driven by recycling Rhodium Supply & Demand1 Rhodium Primary Supply By Jurisdiction1 1,200 1,000 800 1,000 600 800 400 200 600 0 2017 2018 2019 2020 2021 400 South Africa Russia Others 200 Rhodium Platinum Supply/Dema
Slide 33: For additional information contact
For additional information contact: Alex Penha, EVP Corporate Development alex.penha@bravomining.com TSXV:BRVO OTCQX: BRVMF