Bravo Mining Corp.(TSXV:BRVO)

About

Bravo Mining Corp. (TSX.V: BRVO, OTCQX: BRVMF) is a Canadian- and Brazil-based mineral exploration and development company advancing its flagship Luanga PGM + Au + Ni Project in the world-class Carajás Mineral Province of Brazil. Luanga is a multi-million-ounce, Tier 1 deposit, with a Mineral Resource of 10.4 Moz PdEq Measured & Indicated and 5.0 Moz PdEq Inferred, supporting a robust PEA outlining an NPV (8%) of US$1.25B (Base Case) and US$1.86B (Alternate Case). The Company is well-funded to execute its growth plans and is advancing toward a PFS targeted for Q3 2026. The project benefits from exceptional infrastructure access, including renewable hydropower, road, rail, and port connectivity. In parallel, Bravo is advancing a growing IOCG-style copper-gold opportunity, further enhancing long-term value potential.

Verified company data

Cash position

~US$97.0M

Shares outstanding

137054988

Fully diluted shares

144303454

Mineral resource

**Highlights of Bravo’s 2025 Updated Mineral Resource Estimate (“MRE”) at a 0.50 g/t PdEq cut-off grade** - **Measured + Indicated resources total 158 million tonnes (“Mt”) grading 2.04 grams per tonne (“g/t”) PdEq1, for a total of 10.4 Moz of PdEq1 contained**. The MRE introduces Measured mineral resource for the first time. The combined Measured + Indicated tonnes have improved by 117% as compared to the Indicated tonnes in the 2023 MRE, while grade has improved by 17%, resulting in a 154% increase in contained PdEq1 ounces. - **Inferred Resources of 78 Mt grading 2.01 g/t PdEq1 for 5.0 Moz PdEq1.** Tonnes of Inferred resources decreased, as most of previous Inferred tonnages were reclassified to higher-confidence categories while new Inferred resources were added beyond the limits of the prior MRE, and grades improved by 34% in the Inferred category. - **Measured & Indicated Resources now make up 67% of total MRE**, a significant improvement from the 2023 MRE where 38% of the mineral resource was in the Indicated category. - **Relative percentages of each metal by PdEq** **1** **value contribution to the MRE, are estimated at: 47% Pd, 25% Pt, 13% Rh, 13% sulphide Ni, and 2% Au.** - **2025 MRE outcome was achieved using the same metal prices as the prior MRE,** somewhat more conservative metallurgical recoveries and otherwise similar modifying factors. - **The MRE remains open at depth along the 8.1km strike of the deposit**, with many of the areas below current drilling depths are considered within potential open pit extraction depths. Mineral resources that are not mineral reserves do not have demonstrated economic viability. There is no certainty that all mineral resources will be converted into mineral reserves. The MRE has been prepared by Bernardo Horta de Cerqueira Viana, Geologist, BSc (Geology), FAIG, CEO of GE21 Consultoria Mineral Ltda. and Porfírio Cabaleiro Rodriguez, Mining Engineer, BSc (Mine Eng), FAIG, CKO of GE21 Consultoria Mineral Ltda., both independent Qualified Person (“ **QP**”) under National Instrument 43-101 Standards of Disclosure for Mineral Projects (“ **NI 43-101**”). The effective date of the MRE is 18 February 2025.

Projects

["## Luanga PGM+Au+Ni Project\n\n# Maps & Figures\n\n[\\\n\\\nLuanga PGM+Au+Ni Project Location](https://bravomining.com/site/assets/files/5658/bravo_location_map_may5.1024x0.jpg \"Luanga PGM+Au+Ni Project Location\")\n\n[\\\n\\\nLuanga PGM+Au+Ni Project Infrastructure](https://bravomining.com/site/assets/files/5658/bravo_infrastructure_map_may5.1024x0.jpg \"Luanga PGM+Au+Ni Project Infrastructure\")\n\n[\\\n\\\nLuanga Historic Drill Holes by Vale + Bravo Drilling Program](https://bravomining.com/site/assets/files/5658/luanga_historic_drill_holes_by_vale_bravo_drilling_program.jpg \"Luanga Historic Drill Holes by Vale + Bravo Drilling Program\")\n\n[\\\n\\\nDrill hole DDH22LU077: Massive sulphide horizon composed of pyrrhotite, lesser pentlandite, hosted in orthopyroxenite.](https://bravomining.com/site/assets/files/5658/7z6a8452-edit.1024x0.jpg \"Drill hole DDH22LU077: Massive sulphide horizon composed of pyrrhotite, lesser pentlandite, hosted in orthopyroxenite.\")\n\n[\\\n\\\nDrill hole DDH22LU047: Semi-massive brecciated sulphide. Pyrrhotite lesser pentlandite and chalcopyrite.](https://bravomining.com/site/assets/files/5658/7z6a8464-edit.1024x0.jpg \"Drill hole DDH22LU047: Semi-massive brecciated sulphide. Pyrrhotite lesser pentlandite and chalcopyrite.\")\n\n[\\\n\\\nDrill hole DDH22LU047: Massive sulphide layer composed of pyrrhotite with lesser pentlandite and chalcopyrite – high-grade Ni + Cu + PGMs. Drill hole DDH22LU047.](https://bravomining.com/site/assets/files/5658/7z6a8466-edit.1024x0.jpg \"Drill hole DDH22LU047: Massive sulphide layer composed of pyrrhotite with lesser pentlandite and chalcopyrite – high-grade Ni + Cu + PGMs. Drill hole DDH22LU047.\")\n\n[\\\n\\\nDrill hole DDH22LU047: Massive sulphide layer composed of pyrrhotite with lesser pentlandite and chalcopyrite – high-grade Ni + Cu + PGMs. Drill hole DDH22LU047.](https://bravomining.com/site/assets/files/5658/7z6a8468-edit.1024x0.jpg \"Drill hole DDH22LU047: Massive sulphide layer composed of pyrrhotite with lesser pentlandite and chalcopyrite – high-grade Ni + Cu + PGMs. Drill hole DDH22LU047.\")\n\n[\\\n\\\nDrill Core from DDH22LU039 – Selected samples from between 128.80m and 131.50m](https://bravomining.com/site/assets/files/5658/drill_core_from_ddh22lu039_-_selected_samples_from_between_128_80m_and_131_50m.jpg \"Drill Core from DDH22LU039 – Selected samples from between 128.80m and 131.50m\")\n\n[\\\n\\\nHistorical Core](https://bravomining.com/site/assets/files/5658/core.1024x0.jpg \"Historical Core\")\n\n[\\\n\\\nHistorical Vale Core delivered to Bravo](https://bravomining.com/site/assets/files/5658/whatsapp_image_2022-10-06_at_8_34_16_am-3.1024x0.jpeg \"Historical Vale Core delivered to Bravo\")\n\n[\\\n\\\nDDH22LU047: High-grade massive sulphide nickel mineralization at 136m](https://bravomining.com/site/assets/files/5658/picture1.jpg \"DDH22LU047: High-grade massive sulphide nickel mineralization at 136m\")\n\n[\\\n\\\nDDH22LU047: High grade breccia semi–massive sulphide nickel-copper mineralization, from at 137.0m](https://bravomining.com/site/assets/files/5658/picture2.1024x0.png \"DDH22LU047: High grade breccia semi–massive sulphide nickel-copper mineralization, from at 137.0m\")\n\n[\\\n\\\nDDH22LU047: Drill core showing massive and brecciated semi-massive sulphides, from 131.1m to 142.1m](https://bravomining.com/site/assets/files/5658/picture3.jpg \"DDH22LU047: Drill core showing massive and brecciated semi-massive sulphides, from 131.1m to 142.1m\")\n\n[\\\n\\\nNorth Sector Cross Section](https://bravomining.com/site/assets/files/5658/north_sector_cross_section.jpg \"North Sector Cross Section\")\n\n[\\\n\\\nCentral Sector Cross Section Showing Twin Hole DDH22LU](https://bravomining.com/site/assets/files/5658/central_sector_cross_section_showing_twin_hole_ddh22lu007.jpg \"Central Sector Cross Section Showing Twin Hole DDH22LU\")\n\n[\\\n\\\nSouthwest Sector Cross Section Showing Twin Hole DDH22lu](https://bravomining.com/site/assets/files/5658/southwest_sector_cross_section_showing_twin_hole_ddh22lu001.jpg \"Southwest Sector Cross Section Showing Twin Hole DDH22lu\")\n\n- [Luanga Project Highlights](https://bravomining.com/luanga-project/luanga-project-highlights/)\n- [Location & Infrastructure](https://bravomining.com/luanga-project/location-infrastructure/)\n- [Geology & Mineralization](https://bravomining.com/luanga-project/geology-mineralization/)\n- [Technical Reports](https://bravomining.com/luanga-project/technical-reports/)\n- [Mineral Resource Estimate](https://bravomining.com/luanga-project/mineral-resource-estimate/)\n- [Maps & Figures](https://bravomining.com/luanga-project/maps-figures/)\n\n- [Home](https://bravomining.com/)\n- [Corporate](https://bravomining.com/luanga-project/maps-figures/#)\n - [About](https://bravomining.com/corporate/about/)\n - [Board of Directors](https://bravomining.com/corporate/board-of-directors/)\n - [Management](https://bravomining.com/corporate/management/)\n - [Governance](https://bravomining.com/corporate/governance/)\n - [Corporate Directory](https://bravomining.com/corporate/corporate-directory/)\n- [Luanga Project](https://bravomining.com/luanga-project/maps-figures/#)\n - [Luanga Project Highlights](https://bravomining.com/luanga-project/luanga-project-highlights/)\n - [Location & Infrastructure](https://bravomining.com/luanga-project/location-infrastructure/)\n - [Geology & Mineralization](https://bravomining.com/luanga-project/geology-mineralization/)\n - [Technical Reports](https://bravomining.com/luanga-project/technical-reports/)\n - [Mineral Resource Estimate](https://bravomining.com/luanga-project/mineral-resource-estimate/)\n - [Maps & Figures](https://bravomining.com/luanga-project/maps-figures/)\n- [Sustainability](https://bravomining.com/sustainability/)\n- [Investors](https://bravomining.com/luanga-project/maps-figures/#)\n - [News Releases](https://bravomining.com/investors/news-releases/)\n - [Presentations & Media](https://bravomining.com/investors/presentations/)\n - [Videos](https://bravomining.com/investors/videos/)\n - [Fact Sheet](https://bravomining.com/investors/fact-sheet/)\n - [Financials](https://bravomining.com/investors/financials/)\n - [Filed Prospectus](https://bravomining.com/investors/ipo-final-prospectus/)\n - [AGM](https://bravomining.com/investors/agm/)\n - [EVENTS](https://bravomining.com/investors/events/)\n - [Analysts & Newsletters](https://bravomining.com/investors/analysts-newsletters/)\n - [Stock Overview](https://bravomining.com/investors/stock-overview/)\n - [Share Structure](https://bravomining.com/investors/share-structure/)\n- [Metal Exposure](https://bravomining.com/luanga-project/maps-figures/#)\n - [World Platinum Investment Council - WPIC®](https://bravomining.com/metal-exposure/world-platinum-investment-council-wpic/)\n- [Contact](https://bravomining.com/luanga-project/maps-figures/#)\n - [Contact Info](https://bravomining.com/contact/contact-info/)\n - [Subscribe](https://bravomining.com/contact/subscribe/)\n- [Legal](https://bravomining.com/legal/)\n- [RSS Feed](https://bravomining.com/rss/)\n\n* * *\n\n© 2026\n\nAll rights reserved.\n\n[Disclaimer](https://bravomining.com/legal/)\n\n---\n\n## Luanga PGM+Au+Ni Project\n\n# Geology & Mineralization\n\nCarajás Mineral Province is the world’s largest producer of high grade iron ore and a major supplier of copper, nickel, manganese.\n\nLuanga is hosted in a “classic” Proterozoic mafic-ultramafic complex, with approximate near surface expression of 7 x 3.5km\n\nPGM sulphide hosted mineralization predominantly occurs at the contact between basal ultramafic rocks and overlying mafic rocks, with minor silicate hosted mineralization occurring higher in the overturned mafic unit\n\nMineralized zones are 10-50m thick and dominated by higher Pd:Pt ratios, plus rhodium, gold and nickel.\n\n\n\n- [Luanga Project Highlights](https://bravomining.com/luanga-project/luanga-project-highlights/)\n- [Location & Infrastructure](https://bravomining.com/luanga-project/location-infrastructure/)\n- [Geology & Mineralization](https://bravomining.com/luanga-project/geology-mineralization/)\n- [Technical Reports](https://bravomining.com/luanga-project/technical-reports/)\n- [Mineral Resource Estimate](https://bravomining.com/luanga-project/mineral-resource-estimate/)\n- [Maps & Figures](https://bravomining.com/luanga-project/maps-figures/)\n\n- [Home](https://bravomining.com/)\n- [Corporate](https://bravomining.com/luanga-project/geology-mineralization/#)\n - [About](https://bravomining.com/corporate/about/)\n - [Board of Directors](https://bravomining.com/corporate/board-of-directors/)\n - [Management](https://bravomining.com/corporate/management/)\n - [Governance](https://bravomining.com/corporate/governance/)\n - [Corporate Directory](https://bravomining.com/corporate/corporate-directory/)\n- [Luanga Project](https://bravomining.com/luanga-project/geology-mineralization/#)\n - [Luanga Project Highlights](https://bravomining.com/luanga-project/luanga-project-highlights/)\n - [Location & Infrastructure](https://bravomining.com/luanga-project/location-infrastructure/)\n - [Geology & Mineralization](https://bravomining.com/luanga-project/geology-mineralization/)\n - [Technical Reports](https://bravomining.com/luanga-project/technical-reports/)\n - [Mineral Resource Estimate](https://bravomining.com/luanga-project/mineral-resource-estimate/)\n - [Maps & Figures](https://bravomining.com/luanga-project/maps-figures/)\n- [Sustainability](https://bravomining.com/sustainability/)\n- [Investors](https://bravomining.com/luanga-project/geology-mineralization/#)\n - [News Releases](https://bravomining.com/investors/news-releases/)\n - [Presentations & Media](https://bravomining.com/investors/presentations/)\n - [Videos](https://bravomining.com/investors/videos/)\n - [Fact Sheet](https://bravomining.com/investors/fact-sheet/)\n - [Financials](https://bravomining.com/investors/financials/)\n - [Filed Prospectus](https://bravomining.com/investors/ipo-final-prospectus/)\n - [AGM](https://bravomining.com/investors/agm/)\n - [EVENTS](https://bravomining.com/investors/events/)\n - [Analysts & Newsletters](https://bravomining.com/investors/analysts-newsletters/)\n - [Stock Overview](https://bravomining.com/investors/stock-overview/)\n - [Share Structure](https://bravomining.com/investors/share-structure/)\n- [Metal Exposure](https://bravomining.com/luanga-project/geology-mineralization/#)\n - [World Platinum Investment Council - WPIC®](https://bravomining.com/metal-exposure/world-platinum-investment-council-wpic/)\n- [Contact](https://bravomining.com/luanga-project/geology-mineralization/#)\n - [Contact Info](https://bravomining.com/contact/contact-info/)\n - [Subscribe](https://bravomining.com/contact/subscribe/)\n- [Legal](https://bravomining.com/legal/)\n- [RSS Feed](https://bravomining.com/rss/)\n\n* * *\n\n© 2026\n\nAll rights reserved.\n\n[Disclaimer](https://bravomining.com/legal/)\n\n---\n\n## Luanga PGM+Au+Ni Project\n\n# Mineral Resource Estimate\n\n**Highlights of Bravo’s 2025 Updated Mineral Resource Estimate (“MRE”) at a 0.50 g/t PdEq cut-off grade**\n\n- **Measured + Indicated resources total 158 million tonnes (“Mt”) grading 2.04 grams per tonne (“g/t”) PdEq1, for a total of 10.4 Moz of PdEq1 contained**.\n\nThe MRE introduces Measured mineral resource for the first time. The combined Measured + Indicated tonnes have improved by 117% as compared to the Indicated tonnes in the 2023 MRE, while grade has improved by 17%, resulting in a 154% increase in contained PdEq1 ounces.\n\n- **Inferred Resources of 78 Mt grading 2.01 g/t PdEq1 for 5.0 Moz PdEq1.**\n\nTonnes of Inferred resources decreased, as most of previous Inferred tonnages were reclassified to higher-confidence categories while new Inferred resources were added beyond the limits of the prior MRE, and grades improved by 34% in the Inferred category.\n\n- **Measured & Indicated Resources now make up 67% of total MRE**, a significant improvement from the 2023 MRE where 38% of the mineral resource was in the Indicated category.\n- **Relative percentages of each metal by PdEq** **1** **value contribution to the MRE, are estimated at: 47% Pd, 25% Pt, 13% Rh, 13% sulphide Ni, and 2% Au.**\n- **2025 MRE outcome was achieved using the same metal prices as the prior MRE,** somewhat more conservative metallurgical recoveries and otherwise similar modifying factors.\n- **The MRE remains open at depth along the 8.1km strike of the deposit**, with many of the areas below current drilling depths are considered within potential open pit extraction depths.\n\nMineral resources that are not mineral reserves do not have demonstrated economic viability. There is no certainty that all mineral resources will be converted into mineral reserves.\n\nThe MRE has been prepared by Bernardo Horta de Cerqueira Viana, Geologist, BSc (Geology), FAIG, CEO of GE21 Consultoria Mineral Ltda. and Porfírio Cabaleiro Rodriguez, Mining Engineer, BSc (Mine Eng), FAIG, CKO of GE21 Consultoria Mineral Ltda., both independent Qualified Person (“ **QP**”) under National Instrument 43-101 Standards of Disclosure for Mineral Projects (“ **NI 43-101**”). The effective date of the MRE is 18 February 2025\n\n\n\n\n\n\n\nMineral resources that are not mineral reserves do not have demonstrated economic viability. There is no certainty that all mineral resources will be converted into mineral reserves.\n\nThe MRE has been prepared by Bernardo Horta de Cerqueira Viana, Geologist, BSc (Geology), FAIG, CEO of GE21 Consultoria Mineral Ltda. and Porfírio Cabaleiro Rodriguez, Mining Engineer, BSc (Mine Eng), FAIG, CKO of GE21 Consultoria Mineral Ltda., both independent Qualified Person (“ **QP**”) under National Instrument 43-101 Standards of Disclosure for Mineral Projects (“ **NI 43-101**”). The effective date of the MRE is 18 February 2025\n\n\n\n## Technical Report\n\nIndependent Technical Report on Updated Mineral Resources Estimate for the Luanga PGM+Au+Ni Project – April 2, 2025\n\n- [Luanga Project Highlights](https://bravomining.com/luanga-project/luanga-project-highlights/)\n- [Location & Infrastructure](https://bravomining.com/luanga-project/location-infrastructure/)\n- [Geology & Mineralization](https://bravomining.com/luanga-project/geology-mineralization/)\n- [Technical Reports](https://bravomining.com/luanga-project/technical-reports/)\n- [Mineral Resource Estimate](https://bravomining.com/luanga-project/mineral-resource-estimate/)\n- [Maps & Figures](https://bravomining.com/luanga-project/maps-figures/)\n\n- [Home](https://bravomining.com/)\n- [Corporate](https://bravomining.com/luanga-project/mineral-resource-estimate/#)\n - [About](https://bravomining.com/corporate/about/)\n - [Board of Directors](https://bravomining.com/corporate/board-of-directors/)\n - [Management](https://bravomining.com/corporate/management/)\n - [Governance](https://bravomining.com/corporate/governance/)\n - [Corporate Directory](https://bravomining.com/corporate/corporate-directory/)\n- [Luanga Project](https://bravomining.com/luanga-project/mineral-resource-estimate/#)\n - [Luanga Project Highlights](https://bravomining.com/luanga-project/luanga-project-highlights/)\n - [Location & Infrastructure](https://bravomining.com/luanga-project/location-infrastructure/)\n - [Geology & Mineralization](https://bravomining.com/luanga-project/geology-mineralization/)\n - [Technical Reports](https://bravomining.com/luanga-project/technical-reports/)\n - [Mineral Resource Estimate](https://bravomining.com/luanga-project/mineral-resource-estimate/)\n - [Maps & Figures](https://bravomining.com/luanga-project/maps-figures/)\n- [Sustainability](https://bravomining.com/sustainability/)\n- [Investors](https://bravomining.com/luanga-project/mineral-resource-estimate/#)\n - [News Releases](https://bravomining.com/investors/news-releases/)\n - [Presentations & Media](https://bravomining.com/investors/presentations/)\n - [Videos](https://bravomining.com/investors/videos/)\n - [Fact Sheet](https://bravomining.com/investors/fact-sheet/)\n - [Financials](https://bravomining.com/investors/financials/)\n - [Filed Prospectus](https://bravomining.com/investors/ipo-final-prospectus/)\n - [AGM](https://bravomining.com/investors/agm/)\n - [EVENTS](https://bravomining.com/investors/events/)\n - [Analysts & Newsletters](https://bravomining.com/investors/analysts-newsletters/)\n - [Stock Overview](https://bravomining.com/investors/stock-overview/)\n - [Share Structure](https://bravomining.com/investors/share-structure/)\n- [Metal Exposure](https://bravomining.com/luanga-project/mineral-resource-estimate/#)\n - [World Platinum Investment Council - WPIC®](https://bravomining.com/metal-exposure/world-platinum-investment-council-wpic/)\n- [Contact](https://bravomining.com/luanga-project/mineral-resource-estimate/#)\n - [Contact Info](https://bravomining.com/contact/contact-info/)\n - [Subscribe](https://bravomining.com/contact/subscribe/)\n- [Legal](https://bravomining.com/legal/)\n- [RSS Feed](https://bravomining.com/rss/)\n\n* * *\n\n© 2026\n\nAll rights reserved.\n\n[Disclaimer](https://bravomining.com/legal/)"]

Leadership

Simon Mottram (President, Graduate of RMIT University with a BSc in Applied Geology and over 32 years of experience in mining. He has held executive roles in various successful mining companies and has a strong track record in exploration success.), Manoel Carlos Cerqueira (CFO, Graduate in Accounting and Law with over 35 years of experience in senior management positions in the mining sector.), Paulo Ilidio de Brito (VP Exploration, BSc geologist with over 37 years of experience in the mining industry, specializing in exploration programs and geological model development.), Heinrich Muller (VP Technical Services, Mining executive with over 18 years of experience across the resources value chain, having held senior operational and leadership roles globally.), Alex Penha (EVP Corporate Development, Holds an MBA and has over 20 years of experience in Canadian capital markets focused on junior mining companies.), Fabio Masotti (Leader Copper-Gold Division, Mineral exploration executive with over 30 years of experience in various commodities and a strong track record in exploration success.)

Verified data last updated: 2026-05-15

Recent filings

• brvo_2026-05-19_09-59-56.pdf — 2026-05-19 — press_release
• brvo_2026-05-13_18-32-55.pdf — 2026-05-13 — financials
• brvo_2026-05-13_18-32-24.pdf — 2026-05-13 — financials
• brvo_2026-05-13_18-31-23.pdf — 2026-05-13 — mda
• brvo_2026-05-13_18-30-52.pdf — 2026-05-13 — financials
• brvo_2026-05-05_05-35-35.pdf — 2026-05-05 — press_release
• brvo_2026-04-27_08-06-36.pdf — 2026-04-27 — annual_report
• brvo_2026-04-27_08-06-05.pdf — 2026-04-27 — other

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