08:28 AM EDT, 03/24/2025 (MT Newswires) -- Bravo Mining ( BRVMF ) on Monday provided its strategic priorities for its 100% owned Luanga project including work to advance its palladium + platinum + rhodium + gold + nickel deposit or Luanga deposit, as well as its copper-gold +/- nickel exploration targets, all located in the Carajas Mineral Province, Para State, Brazil.

"With a strong balance sheet, a recently updated mineral resource with more tonnes at higher grade, and a granted preliminary licence, Bravo is well placed to benefit from renewed interest in PGMs," said Bravo Mining ( BRVMF ) Chief Executive Luis Azevedo.

The company said drill testing of HeliTEM targets in 2024 returned encouraging results for several different styles of mineralization, outside of the known Luanga PGM+Au+Ni deposit which warrants immediate follow-up work in 2025. The exploration focused on the recently demonstrated potential for Iron Oxide Copper Gold, IOCG-style mineralization and the continuation of magmatic Ni/Cu exploration will be included in the 2025 work program. The company will also continue to work on the advanced stage Luanga PGM+Au+Ni deposit, with focus on further metallurgical test work, continuing optimization and variability studies.

"As we refine our modelling and interpretation of our numerous exploration targets and drill test them, we see potential for the discovery of new magmatic and IOCG-style deposits typical of the Carajas, one of the most well-endowed mineral belts in the world," Azevedo said.

Shares of the company closed up 1.9% to $2.750 on Friday on the TSX Venture Exchange.