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Bravo Intercepts High-Grade Magmatic Sulphide Ni/Cu-PGM Mineralization

Bravo Mining Confirms High-Grade Ni-Cu-PGM Target at Babylon, Validating Copper-Gold Strategy Amidst Strong Balance Sheet

By The Northwire Desk — AI Analysis May 19, 2026 · 10:48 BRVO · 3.5 Bravo Mining Corp.

Executive Summary

The most recent news release dated May 19, 2026, reports high-grade magmatic sulphide Ni/Cu-PGM mineralization intercepted at the Babylon target.
Drill hole DDH26LU330 intersected a new zone approximately 300m south of the existing Babylon target.
Key intercepts include 2.7m @ 2.11 g/t PGM+Au, 1.75% Ni, and 0.68% Cu.
Additional drill holes (DDH25LU292 through DDH25LU297) reported varying grades of Pt, Pd, Rh, Au, Ni, and Cu.
The company has commenced a 50km Induced Polarization (IP) survey program led by the Copper Division team.
Planned Bore Hole Electromagnetic (BHEM) surveying is intended to assist in further follow-up drilling.
This news follows the April 9, 2026 announcement of a comprehensive Phase 1 Cu-Au exploration program and the May 5, 2026 infill results from the Luanga Central Sector.

Material Impact

The Babylon target was previously identified in March 2026 news as a North Sector follow-up on Cu-Au anomalism; therefore, this drilling result is consistent with an announced exploration program rather than a surprise discovery.
While the grades are high (2.11 g/t PGM+Au combined with Ni/Cu), this represents single-hole data and does not yet constitute a resource estimate update or a change to the Preliminary Economic Assessment (PEA) economics.
The news validates the strategic creation of the Copper-Gold Exploration Division announced in February 2026, confirming that the division is delivering results ahead of schedule relative to the H2 2026 drilling plan mentioned in April.
There is no immediate material impact on the company's valuation as it does not alter the PEA NPV or IRR figures released in July 2025 ($1.25Bn Base Case).
The financing structure remains stable with Orion Mine Finance having already invested C$34.75M in January/February 2026, so no new dilution event is triggered by this specific release.

BRVO · Price

Company Overview

Company: Bravo Mining Corp. (TSXV: BRVO / OTCQX: BRVMF).
Flagship Project: Luanga PGM+Au+Ni deposit located in the Carajás Mineral Province, Pará State, Brazil.
Project Status: 100% owned; Preliminary License (LP) granted March 2025; Anchor tenant for Barcarena Export Processing Zone (ZPE).
Resource Estimate: Measured & Indicated resources of 158 Mt at 2.04 g/t PdEq (10.4 Moz PdEq); Inferred resources of 78 Mt at 2.01 g/t PdEq (5.0 Moz PdEq).
Economic Assessment: Preliminary Economic Assessment (PEA) released July 2025 shows NPV8% of US$1.25Bn (Base Case) and US$1.86Bn (Alternate Case); IRR ≈ 49%.
Exploration Strategy: Dual focus on advancing Luanga PEA to Pre-Feasibility Study (PFS) and expanding Copper-Gold/IOCG mineralization via the new Copper-Gold Exploration Division.

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