Bravo Mining creates copper-gold exploration division

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."