09:23 AM EST, 02/18/2025 (MT Newswires) -- Bravo Mining ( BRVMF ) , which lost 2.5% last Friday, reported results of its 2025 mineral resource estimate at the 100% owned Luanga deposit, located in Brazil's Carajas Mineral Province.

According to a statement, the 2025 MRE shows "substantial improvements" over the previously reported 2023 MRE using the same metal prices and similar other assumptions.

Highlights of Bravo's 2025 MRE at a 0.50 g/t PdEq cut-off grade include: a 154% increase in Measured and Indicated contained PdEq ounces; a 117% increase in Measured and Indicated tonnes; a 17% increase in Measured and Indicated PdEq grades; a 34% increase in Inferred PdEq grade; and Measured & Indicated Resources now make up 67% of total resources.

"The 2025 MRE firmly establishes our Luanga Project as one of the few large-scale, multi-million-ounce, open-pit PGM deposits available globally, in mining friendly, geopolitically favorable locations", said Chairman and CEO Luis Azevedo. "Centrally located in the Americas and within reach of major PGM consumers, Luanga also stands out for having access to all essential infrastructure for mining development and operations, including access to cost-efficient renewable power, highways, rail, ports and a skilled mining workforce. With strong community support, as evident in our successful recent public hearing for the permitting process, Bravo Mining ( BRVMF ) is well positioned for continued success, complemented by our continuing copper exploration."