Corporate Presentation
Sydney, Mar 10, 2025 AEST (ABN Newswire) - Brazilian Rare Earths Limited (
ASX:BRE) (BRELY:OTCMKTS) (BRETF:OTCMKTS) announced a significant high-grade rare earth discovery at its Monte Alto project within the Rocha da Rocha Rare Earths Province in Bahia, Brazil. The maiden diamond drilling program revealed exceptional results, including a standout intersection of 44 meters at 4,081 ppm Total Rare Earth Oxides (TREO) from the surface, with a peak assay of 2 meters at 20,890 ppm TREO (2.1% TREO).
These findings position Monte Alto as a globally competitive rare earth project due to its rich concentrations of neodymium and praseodymium (NdPr), critical for permanent magnets used in clean energy technologies like electric vehicles and wind turbines.
The Monte Alto discovery is characterized by its shallow, high-grade mineralization, hosted in a clay-altered monazite cumulate zone that extends over a 2km by 1km area.
Drilling results consistently showed thick intercepts exceeding 1,000 ppm TREO, with 26 out of 28 holes ending in mineralization above this threshold, indicating potential for a substantial resource. The project benefits from its proximity to BRE's existing Sulista project (just 10km away), sharing similar geological traits, which enhances the company's exploration efficiency and potential to define a maiden JORC resource by mid-2025.
The high NdPr content, averaging 22% of TREO, and low levels of impurities like uranium and thorium further underscore Monte Alto's economic viability.
Looking ahead, Brazilian Rare Earths plans to accelerate exploration at Monte Alto with a second diamond drill rig arriving in March 2025 to expand the mineralized footprint and test deeper high-grade zones. The company aims to leverage these results to strengthen its position in the global rare earth market, capitalizing on the strategic importance of NdPr amid growing demand for decarbonization technologies.
Managing Director and CEO Bernardo da Veiga highlighted Monte Alto's potential to become a cornerstone of BRE's portfolio, complementing its broader Rocha da Rocha Province strategy, which already includes one of the world's highest-grade rare earth projects.
*To view the Corporate Presentation, please visit:
https://abnnewswire.net/lnk/L9G9236E
About Brazilian Rare Earths Limited
Brazilian Rare Earths Limited (ASX:BRE) is an Australian company, rapidly advancing its Tier 1 rare earth project in Northeast Brazil.
Company exploration to date has discovered and delineated a globally significant, district-scale mineral province containing large volumes of both heavy and light rare earths critical to advanced industries and applications that will deliver a green energy transition.
The Company is led by a team of experienced mining executives and geologists with hundreds of years of cumulative experience in finding, developing, and operating mineral assets to generate value across a wide variety of jurisdictions, and commodities throughout the globe.
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