Northwire Canada EditionWednesday, November 11, 2026
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Gold 3,994.10 −0.9% Silver 51.78 +1.1% Copper 6.26 +0.5% Oil 86.39 +0.4% Palladium 1,032.00 +1.1% AUXX 5.36 −4.5% TNR 0.425 +41.7% ORCL 0.030 +0.0% ELD 48.10 −4.6% OPW 0.140 −6.7% CDE 21.48 −1.0% AEM 265.97 −1.7% WDO 27.79 −1.9% BEA 0.090 +0.0% GAU 3.42 −3.9% BTO 7.38 −2.2% IMG 25.82 −2.0% BOL 0.050 −16.7% CNT 0.030 +0.0% EXN 0.245 −1.0% MNRG 0.075 +0.0% Gold 3,994.10 −0.9% Silver 51.78 +1.1% Copper 6.26 +0.5% Oil 86.39 +0.4% Palladium 1,032.00 +1.1% AUXX 5.36 −4.5% TNR 0.425 +41.7% ORCL 0.030 +0.0% ELD 48.10 −4.6% OPW 0.140 −6.7% CDE 21.48 −1.0% AEM 265.97 −1.7% WDO 27.79 −1.9% BEA 0.090 +0.0% GAU 3.42 −3.9% BTO 7.38 −2.2% IMG 25.82 −2.0% BOL 0.050 −16.7% CNT 0.030 +0.0% EXN 0.245 −1.0% MNRG 0.075 +0.0%
Management

Bravo Mining creates copper-gold exploration division

By The Northwire Desk — AI Analysis Feb 05, 2026 · 12:44 BRVO · 4.14 Bravo Mining Corp.
BRVO · Price

Executive Summary

  • Bravo Mining Corp. has established a new dedicated copper-gold exploration division to advance its strategy in the Carajas mineral province, specifically targeting IOCG (iron-oxide-copper-gold) opportunities alongside its flagship Luanga PGM+Au+Ni project.
  • Fabio Masotti, a veteran exploration executive with over 30 years of experience (most recently Director of Exploration at Vale SA), has been appointed as the head of this new division.
  • The division will operate with a dedicated budget, commencing with extensive geophysics and geochemistry programs followed by an initial 8,000 metres of drilling, while also evaluating potential copper-gold growth and acquisition opportunities.

Key Details

  • New Division Structure: Creation of a dedicated copper-gold exploration division focused on the company's 100%-owned Luanga licences and evaluating growth/acquisition opportunities within the Carajas mineral province.
  • Leadership Appointment: Fabio Masotti appointed as head of the copper-gold exploration division.
    • Masotti brings over 30 years of Brazilian and international experience.
    • Previous roles include Director of Exploration at Vale SA (ascended to this position in 2024).
    • Key achievements include discovery team roles for the Onto copper-gold deposit (Indonesia, 2013) and Sossego/Sequeirinho IOCG deposits (Carajas, Brazil, 1997).
    • Recipient of the PDA Canada’s 2025 Thayer Lindsley Award for International Discovery.
  • Exploration Program & Budget:
    • The division will operate within a dedicated budget.
    • Initial work program includes extensive geophysics and geochemistry.
    • Planned initial drilling program of 8,000 metres.
    • Mandate includes focusing on growth and acquisition opportunities to expand Bravo's copper optionality.
  • Recent Exploration Context (Luanga IOCG Targets):
    • Target T5 Discovery (May 2024): Hole DDH2405T002 intersected 11.48 metres grading 14.3% Cu and 3.3 g/t Au, including 2.9 metres at 22.9% Cu and 3.6 g/t Au.
    • Target T5 Confirmation (June 2024): Hole DDH2405T004 (approx. 50m east of discovery) returned 8.75 metres grading 9.48% Cu and 2.1 g/t Au.
    • System Extent: Mineralization at T5 extends over approx. 300m of strike and to depths of 150m vertical, remaining open down dip.
    • Other Targets: Scout drilling at T16 and T17 returned encouraging early results; focus expanded to Babylon target (large magnetic signature).
    • Luanga PGM+Au+Ni: Parallel work involves reprocessing geophysical data to assess deep extensions to the existing PGM+Au+Ni mineralization.
  • Strategic Rationale: CEO Luis Azevedo stated the division is a "strategic and growth-focused decision" to provide technical focus for IOCG exploration while continuing Luanga's development. The move is supported by a strengthened treasury position following recent capital raising and a pending private placement.

Notable Quotes

  • Luis Azevedo, Chairman and CEO: "The establishment of the copper-gold exploration division is a strategic and growth-focused decision unanimously supported by the board of Bravo. It gives us the structure to continue IOCG exploration in tandem with Luanga's PGM+Au+Ni progress."
  • Luis Azevedo, Chairman and CEO: "It also gives me great pleasure to announce the appointment of Fabio Masotti to Bravo's management team, who will spearhead the copper-gold team. Fabio is an outstanding professional with a wealth of Carajas IOCG and overall copper-gold exploration experience with a proven success track record..."
  • Luis Azevedo, Chairman and CEO: "The recent capital raising and pending private placement were well received by the market, and I believe this further reinforces confidence in Luanga, our people and the strength of Bravo's management team as we pursue multiple tracks of value creation."
Read the original news release →

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Technical Study Sep 14, 2026 · 06:30

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Drill Results Sep 03, 2026 · 06:30

Brazil locks a 20-year ZPE tax regime for Bravo’s Luanga downstream processing project.

Regulatory Aug 24, 2026 · 06:30

Bravo’s Babylon Ni/Cu step-out hole returned significantly stronger grades than May, though it remains a single intercept.

Drill Results