Bravo Mining Reports Expanded Metallurgical Results and Provides Workstream Update

Bravo Mining Corp. (BRVO) has reported expanded metallurgical results from Jameson Cell testing at its Luanga PGM+Au+Ni deposit in Brazil, establishing the technology as the preferred flotation route for the company’s upcoming Pre-Feasibility Study (PFS). Glencore Technology is providing independent verification and performance guarantees for the Jameson Cell process.

The testing indicates significant recovery improvements compared to conventional Denver cells, including 5-10% higher Platinum, Palladium, and Gold recoveries, and 5-30% higher Nickel recoveries. Additionally, mass pull is reduced by up to 50%, with concentrate grades potentially rising from 80g/t to 100-120g/t PGMs, representing a 25-50% improvement. Operational benefits cited by the company include higher payabilities, lower freight costs, and reduced treatment charges.

The PFS is on track for completion in Q3 2026, followed by an Installation Licence application. An updated Mineral Resource Estimate is targeted for Q1 2027, with a Definitive Feasibility Study (DFS) targeted for Q3 2027. PGM infill and expansion drilling will complete in Q3 2026, with rigs transitioning to the Copper-Gold Division by early Q4 2026.

Bravo Mining Corp. (BRVO) reported positive metallurgical results that align with the company’s previously announced Preliminary Feasibility Study (PFS) timeline and metallurgical optimization plans. The validation of Jameson Cell technology by Glencore Technology de-risks the processing route and supports the "Vertically Integrated" scenario evaluated in the Preliminary Economic Assessment (PEA).

The news does not introduce new financial metrics, revised resource estimates, or unexpected permitting milestones. It serves as an incremental confirmation of technical progress. Given the stock's recent downtrend and the expected nature of metallurgical updates, the market impact is likely muted. The release reinforces execution credibility but does not alter the fundamental investment thesis or valuation model.

Bravo Mining Corp. is a mineral exploration and development company focused on the Luanga PGM+Au+Ni project. The project is 100% owned, subject to a 1% VALE royalty and a 2% BNDES royalty, and is located in the Carajás Mineral District, Pará, Brazil. The deposit hosts palladium, platinum, rhodium, gold, and nickel, with a Measured & Indicated resource of 158 Mt at 2.04 g/t PdEq. The company is advancing the project through a Pre-Feasibility Study, with parallel exploration programs targeting copper-gold IOCG-style mineralization and magmatic Ni-Cu sulphides.