Slide 1: LUANGA | Critical Metals for Clean Air
TSXV BRVO OTCQX BRVMF LUANGA | Critical Metals for Clean Air An Emerging Tier 1 PGM+Au+Ni Deposit in the World Class Carajás Mineral District in Brazil May 2023 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 exploration and estimates of mineral deposits; dependence on the success of the Luanga Project; substantial statements”) under the provisions of applicable Canadian securit
Slide 3: Technical Disclosure
Technical Disclosure Historical Estimate: This presentation contains information on a historical estimate for the Luanga Project (the All scientific and technical information relating to the Luanga Project contained in this presentation is derived “Historical Estimate”) prepared internally by prior
Slide 4: Opportunity
OPPORTUNITY Low risk strategy with the right project, people and place 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, local skilled labor Platform for growth - Pd domi
Slide 5: 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 – POST IPO First Day of Trading July 25,2022 Share Price (as of April 28, 2023) C$3.12 61.8% 9.9% BOARD, MANAGEMENT, BLACKROCK 52 Week High/Low C$3.90/ C$
Slide 6: 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 7: Historic High-Quality Exploration in Early 2000's
HISTORIC HIGH-QUALITY EXPLORATION IN EARLY 2000’S Classic Neoarchean PGM mafic-ultramafic complex | Mineralized zones 10-50 m thick SURFACE WORK HISTORICAL ESTIMATE* Mapping, surface sampling, 142Mt @ 1.24 g/t Pd+Pt+Au and geophysics defined multiple 0.11% Ni (using a cut-off grade of anomalous zone
Slide 8: Simple Strategy: Confirm, Upgrade & Grow Historic Resource
SIMPLE STRATEGY Confirm, Upgrade & Grow Historic Resource Risk mitigation by leveraging historic exploration | Maintain development optionality and flexibility CONFIRM, UPGRADE & GROW HISTORIC RESOURCE ESTIMATE RE-ASSAY PHASE 11 PHASE 21 DRILLING 2023/2024 Completed Completed in Progress Started 2,8
Slide 9: Luanga – An Unusually Large Mineralized System
LUANGA – An Unusually Large Mineralized System ~8.1 km long mineralized envelope | Drilled to average depth range of only ~150-200m Deeper drilling intersected mineralization 0m Avg. depth of drilling 1 250m depth BRAVO CAMP -500 m 1 North Sector 2.8 km North Sector 2.8Km 0m Avg. depth of drilling 2
Slide 10: Infill Drilling and Resampling Confirms Multiple Mineralized Horizons
INFILL DRILLING AND RESAMPLING Confirms Multiple Mineralized Horizons Multiple stacked PGM+Au+Ni zones occur stratigraphically above and below previously defined mineralized horizons North Sector LU047 North Sector LU029 8.1Km Mineralized Envelope Central Sector LU059 Central Sector LU039 10 TSXV BR
Slide 11: Top Luanga Drill Holes - Resampling and Infill
TOP 20 Luanga Drill Holes - Resampling and Infill Bravo’s ALS/SGS and historic intercepts closely relate ~80% of Bravo’s resampled PGM+Au exceed historic values VALE BRAVO Bravo From To Thickness Historic Bravo vs Announced Hole-ID Pd Pt Rh Au PGM +Au Pd Pt Rh Au PGM+Au Ni% Sector (m) (m) (m) Ni Val
Slide 12: New Nickel-Rich Zone Discovery
NEW NICKEL-RICH ZONE DISCOVERY In Central Sector and extension of footprint of nickel/copper-rich zone in the North Sector CENTRAL SECTOR New zone and style of nickel sulphide mineralization Hole-ID From To Thickness Pd Pt Rh Au PGM+Au Ni Cu Type (m) (m) (m) (g/t) (g/t) (g/t) (g/t) (g/t) (%) (%) DDH
Slide 13: Drilling at Central Sector Continues to Impress
DRILLING AT CENTRAL SECTOR Continues to Impress Wide, high grade PGMs with exceptional Rh values Assay results in the Central Sector continue to show INCREASED MINERALIZED WIDTHS at depth (open) with improved nickel sulphide grades increasing mineralized grades and thicknesses at depth, while also s
Slide 14: High Value Rhodium Delivers Exceptional Results
HIGH VALUE RHODIUM Delivers Exceptional Results Among top best Rh intercepts globally COMPARISON OF RE-ASSAYED INTERCEPTS Historic Intercepts (SGS Laboratory) versus Bravo Intercepts (ALS Laboratory) Hole-ID From To Thickness Historic PGM + BRAVO PGM+ Historic Ni BRAVO* Ni Type (m) (m) (m) Au (g/t)
Slide 15: Luanga Metallurgy – De-risked by Vale, Improved by Bravo
LUANGA METALLURGY – De-risked by Vale, Improved by Bravo Luanga mineralized material amenable to producing saleable flotation concentrates VALE TESTWORK BRAVO TESTWORK (2002 to 2003) (started in 2022) Extensive test work completed on ore across Access to state-of-the-art facilities Designed to repli
Slide 16: Luanga – Drill Program Progress
LUANGA – Drill Program Progress Demonstrating the potential for higher-grade nickel ± copper sulphides at Luanga As of April 18, 2023, a total of Maiden NI 43-101 169 drill holes (34 in 2023) have Phase 2 Drill Program Mineral Resource been completed by Bravo Estimate (MRE) 29,393m (Phase 1 drilling
Slide 17: Bravo – People, Project, Place, Strategy
BRAVO – People, Project, Place, Strategy Fully funded to execute on Phase 1 and Phase 2 exploration activities PEOPLE PROJECT Fit for purpose team Emerging Tier 1 asset due to quality, scale and location Brazilian permitting, exploration, development and operating expertise Leverage off extensive hi
Slide 18: Appendices
TSXV BRVO OTCQX BRVMF APPENDICES PALLADIUM PLATINUM RHODIUM GOLD NICKEL Pd Pt Rh Au Ni
Slide 19: Leadership Strategy – Fit for Purpose Board
LEADERSHIP STRATEGY – Fit for Purpose Board Global, Brazilian and PGM exploration, permitting, development, construction and operation expertise LUIS DR NICOLE STUART TONY STEPHEN AZEVEDO ADSHEAD-BELL COMLINE POLGLASE QUIN Ex. Chairman & CEO Lead Director Director Director Director Brazilian, based
Slide 20: 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 21: Bravo Technical and Project Commercialization Team
BRAVO Technical and Project Commercialization Team Exceptional professionals with test-design-build success records across industry Metallurgist with over 40 years experience including PGM - Lonrho/Lonmin. Previously with SR. CHEMICAL ENGINEER Kinross (Director – Technical), Avanco Resources, Oz Min
Slide 22: 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
Slide 23: 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 24: 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 @BRVOMining | YouTube Bravo Mining PALLADIUM PLATINUM RHODIUM GOLD NICKEL Pd Pt Rh Au Ni