Bravo Intercepts High-Grade Magmatic Sulphide Ni/Cu-PGM Mineralization at Luanga
Bravo’s Babylon Ni/Cu step-out hole returned significantly stronger grades than May, though it remains a single intercept.
Bravo Mining Corp. (BRVO) has released assay results for drill hole DDH26LU347 from the Babylon target area in the North Sector of the Luanga project in Brazil. The main sulphide intercept measured 13.44m from 205.58m to 219.02m downhole, grading 1.55% sulphide Ni, 0.33% Cu, and 2.02 g/t PGM+Au. This interval includes a higher-grade section of 6.72m at 2.25% Ni, 0.55% Cu, and 3.14 g/t PGM+Au.
A separate low-sulphide PGM intercept was identified from 122.70m to 128.70m, returning 6.00m at 6.81 g/t PGM+Au with negligible Ni and Cu. Additional shallow intercepts included 5.00m at 2.95 g/t PGM+Au oxide starting at 22.55m, and 3.10m at 0.85 g/t PGM+Au fresh rock starting at 38.70m. The true thickness is estimated at 102% of the downhole width, resulting in a main true width of approximately 13.2m and a high-grade inclusion of about 6.6m.
DDH26LU347 tested a BHEM conductor generated from the May 2026 hole DDH26LU330. The program status shows 442 holes completed for 96,887m, with 396 holes reported and 46 assays pending.
Bravo Mining Corp. (BRVO) conducted exploration step-out and confirmation drilling rather than infill within the existing resource. Drill hole DDH26LU347 returned a grade-width product materially stronger than the May 19, 2026 result from the Babylon/North Sector Ni/Cu.
The stock traded at approximately C$3.26, sitting below the 52-week high of C$5.34 and above the early-August low of C$2.30. A recent two-week rally from C$2.30 to C$3.26 indicates some market anticipation, though not a heavily embedded expectation of repetition.
With one hole drilled, 46 assays pending, and no resource update scheduled until Q1 2027, the development is not considered transformational. The results are viewed as genuinely new, credible, and positively differentiated from the prior result.
Bravo Mining Corp. is a Canadian/Brazilian mineral exploration and development company focused on the 100%-owned Luanga PGM+Au+Ni project in the Carajás Mineral Province, Pará, Brazil. The company reports Measured and Indicated resources of 158 Mt at 2.04 g/t PdEq for 10.4 moz PdEq, alongside Inferred resources of 78 Mt at 2.01 g/t PdEq for 5.0 moz PdEq.
A preliminary economic assessment outlines a 17-year life of mine. The Base Case projects a post-tax NPV8% of US$1.25bn and an IRR of 27%, while the Alternate Case indicates a post-tax NPV8% of US$1.86bn and an IRR of 45%.
In addition to its PGM+Au+Ni focus, Bravo Mining Corp. operates a separate division targeting IOCG-style Cu-Au deposits. The T5 target has returned 11.48m at 14.3% Cu and 3.3 g/t Au.
As of Q1 2026, the company held cash of US$77.1m, with pro-forma cash reaching about US$97m as of Apr 6, 2026. The company reports no significant debt.