en.Wedoany.com Reported - Bravo Mining Corp. (TSXV: BRVO, OTCQX: BRVMF) announced on July 6, 2026, the drilling assay results from the Central Sector and Crescent Zone of the Luanga PGM+Au+Ni Deposit, located in the Carajás Mineral Province, Pará State, Brazil. This report covers 13 diamond drill holes totaling 3,594 meters, with 12 holes in the Central Sector and one in the Crescent Zone. The results show mineralization extending to depths of nearly 300 meters, further confirming the resource expansion potential of the deposit.

Bravo Mining Corp. is a Canadian mining company focused on the exploration and development of platinum group metals, gold, and nickel, with its flagship asset being the Luanga Project in the Carajás Mineral Province, Brazil. Luanga is a world-class PGM+Au+Ni deposit and one of the few potential large-scale sources of critical metals globally located in a region with low geopolitical risk and well-developed infrastructure. According to the company's updated Mineral Resource Estimate (MRE) in February 2025, Luanga has Indicated Resources of 158 million tonnes at 2.04 g/t palladium equivalent, containing 10.4 million ounces of palladium equivalent; and Inferred Resources of 78 million tonnes at 2.01 g/t palladium equivalent, containing 5.0 million ounces of palladium equivalent.

The drilling results show that mineralization encountered at depth has thicknesses comparable to or greater than shallow zones, with PGM+Au grades equal to or higher, and typically accompanied by increased nickel sulfide grades within the Main Sulfide Zone (MSZ). Notably, hole DDH26LU312 intersected 51 meters from 259.25 m to 310.25 m grading 3.67 g/t PGM+Au, 0.14 g/t rhodium, and 0.33% nickel, including a 23-meter high-grade section grading 5.59 g/t PGM+Au, 0.21 g/t rhodium, and 0.44% nickel. Other significant intersections include: hole DDH26LU316 intersected 50 meters grading 2.55 g/t PGM+Au, 0.08 g/t rhodium, and 0.20% nickel; hole DDH26LU314 intersected 29 meters grading 2.12 g/t PGM+Au, 0.13 g/t rhodium, and 0.12% nickel. Mineralization in the Central Sector remains open at depth.

The 2026 infill and step-out drilling program is progressing as planned, aiming to increase drill density and upgrade existing Inferred Resources to the Indicated category. Additionally, the company has initiated a 50-kilometer-long copper-gold induced polarization (IP) geophysical survey covering multiple targets within the Luanga project area. Bravo Mining expects to release a Pre-Feasibility Study (PFS) in the third quarter of 2026. The previously completed Preliminary Economic Assessment (PEA) in 2025 indicated an after-tax Net Present Value (at 8% discount) of US$1.25 billion for the Luanga open-pit mine, with an Internal Rate of Return of 50%, initial capital expenditure of US$496 million, and a payback period of 2.4 years. The project is expected to produce an average of approximately 255,000 ounces of payable palladium, 158,000 ounces of platinum, 15,000 ounces of rhodium, 8,500 ounces of gold, and 8,549 tonnes of nickel annually over a 17-year mine life.